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Tag Archives: binance coin

FTX Offers $16,871 Bitcoin Price for Creditor Claims, Users Reject

If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year. In a recent filing made on December 27 in the United States Bankruptcy Court for the District of Delaware, FTX debtors have unveiled estimates of the US Dollar value assigned to cryptocurrency prices and foreign currency for customers holding claims with the now-defunct exchange. The debtors expressed their intention to establish a “fair...

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Crypto Exchanges Seeking to Tap on Vast Indonesian Market Must Register with Commodity Future Exchange (CFX)

The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection. The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in the coming years, the Indonesian government has been preparing to tap into the blockchain and the nascent industry to grow its...

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Binance Coin Up 11%: BNB Price Targets $500 as Crucial Resistance Breaks, What’s Behind This Surge?

The Binance Smart Chain has also witnessed a 7% increase in the number of addresses engaging with its dApps over the past 30 days. On December 26, the native cryptocurrency of the Binance Smart Chain registered an 11% increase in price, reaching its highest value since June. This pattern reflects a continuation of the trend that began last week when the price surged from $233 to $277, an 18% increase, before closing around $264. Although the price is currently experiencing a minor...

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Solana Can Outperform XRP to Take Top 5 by Market Cap

The sixth largest cryptocurrency Solana (SOL) has all chances to enter the Top 5. Solana (SOL) is threatening to replace XRP among the world’s top five leading cryptocurrencies by market capitalization, driven by an increased surge of activities within the Solana ecosystem. According to CoinMarketCap data, currently ranked as the sixth-largest token in the industry, SOL has the potential to surpass XRP’s market cap.  At press time,  SOL is trading around $76.91, with a market...

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SEC Intensifies Hunt for Evidence in Binance.US Fraud Probe

According to the US Commodity Futures Trading Commission (CFTC), allegations of money laundering against Binance may be just the tip of the iceberg. Binance, one of the world’s largest crypto exchanges, faces heightened scrutiny from the US Securities and Exchange Commission (SEC). A recent report by the Wall Street Journal suggests that the SEC is actively searching for additional evidence to substantiate allegations of potential fraud at Binance.US. The SEC’s Lawsuit against Binance The...

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Crypto Market Sees Uptick on Prospects of Binance’s Resolution with DoJ

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...

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Binance Possible $4B Civil Settlement in US Ignites BNB and Bitcoin Bulls

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...

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Binance CEO Teases Major Announcement amid Crypto Market Turbulence

This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet. In a cryptic post on X, Changpeng ‘CZ’ Zhao, the CEO of Binance, recently sparked the curiosity of the crypto community by simply posting the number “3” and an announcement with a video captioned “COMING SOON”. 3 👀 pic.twitter.com/mp4SOcBbXY — CZ 🔶 Binance (@cz_binance) November 6, 2023 Binance Announcement amid...

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Binance Completes 25th Quarterly BNB Burn Worth over $453M, Price Gains 3%

Binance burned about 2.13 million BNB coins during the last three months thus bringing the total coins removed from circulation to about 50.2 million units. Binance, a leading blockchain ecosystem with the largest centralized cryptocurrency exchange by Bitcoin’s daily traded volume and globally registered users, has announced the completion of the 25th quarterly auto-burn of its native coin BNB. According to the announcement, about 2,139,182 BNB, worth over $453 million, has been removed...

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