Markets

Binance founder Changpeng Zhao (CZ) will plead guilty to floundering anti-money laundering (AML) provisions as part of a settlement deal with the U.S. Department of Justice (DOJ), according to a Tuesday report from the Wall Street Journal (WSJ). He has also agreed to step down as CEO of his exchange and pay a $50 million personal fine, while Binance has agreed to pay a $4.3 billion fine for its legal violations. Binance’s Massive Penalty As detailed by the WSJ, Binance’s...

In der Welt der Kryptowährungen gibt es eine Vielzahl von Börsen, auf denen man digitale Währungen kaufen, verkaufen und handeln kann. Eine dieser Börsen, die sich in den letzten Jahren einen Namen gemacht hat, ist Binance. Doch was macht Binance so besonders und wie unterscheidet es sich von anderen Kryptowährungsbörsen? Binance Launchpad Ein herausragendes Merkmal von Binance ist das sogenannte „Launchpad“. Hierbei handelt es sich um eine Plattform, auf der neue Kryptowährungen und...

The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community. CoinLedger’s recent compilation of the ten most popular crypto entrepreneurs of 2023 showcases a mix of highly influential and controversial figures, with Binance CEO Changpeng ‘CZ’ Zhao securing the top spot. Binance CEO Changpeng ‘CZ’ Zhao: Leading the Charge The list, based on social media followings, provides a glimpse into the diverse personalities...

Pyth Network’s exceptional refresh rate speed sets it apart and significantly adds to its appeal, surpassing that of its competitor – Chainlink. Pyth Network, a decentralized finance (DeFi) oracle service competing with Chainlink, made headlines this week with a remarkable token airdrop valued at an astounding $77 million. The distribution of 250 million PYTH tokens to early Pyth users increased the protocol’s market capitalization beyond $765 million, highlighting the project’s growing...

The potential resolution of the US criminal investigation into Binance marks a critical juncture for the crypto industry. If Binance agrees to the proposed fine, it would represent one of the largest settlements in the history of the crypto market. The crypto market experienced a surge of cautious optimism as reports emerged regarding the possible resolution of Binance’s longstanding US criminal investigation with the United States Department of Justice (DoJ). Binance’s Reported...

BNB price has gained about 6.4 percent in the past 24 hours to trade around $262 as the charges filed by the DoJ are believed to be finalized by the end of this month. Amid the ongoing altcoin recovery, Binance’s native coin BNB has enjoyed a much-needed recovery, thus invalidating the possible replay of the FTX scenario. Binance Holdings Ltd., a leading cryptocurrency exchange that has invested heavily in the Bitcoin network and the web3 ecosystem, is looking at a possible settlement with...

ADA price is still struggling to clear the $0.40 zone against the US Dollar. The price is now trading above $0.370 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.374 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.395 and $0.400 resistance levels. Cardano’s price is rising above $0.350 against the US Dollar, like Bitcoin. ADA price could resume its...

Ethereum price is eyeing an upside break above the $2,050 resistance against the US Dollar. ETH price is now trading above $2,000 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $2,050 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,920 support zone. Ethereum price is consolidating above the $1,950 level against the US Dollar. ETH/USD could rise again...

On the 17th of November, an unknown individual who may have been working as part of a team targeted the dYdX exchange and its YFI token. Allegedly, the same actor had previously tried a similar strategy on the exchange’s SUSHI market merely 2 weeks prior. Good Trades Or Malicious Intent? These trades, which the platform’s staff have classified as an attack, were done using a series of transactions that ultimately caused open interest on the exchange to surge by over $66...

Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this current percentage is also notably higher than the averages observed during the 2020/21 bull market....