The next bail hearing has been scheduled for Oct. 9.
Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.
The volume of crypto liquidations from exchanges could be vastly underreported, a senior researcher from K33Research noted on X. Vast Underrepresentation Of Crypto Liquidation Data According to a series of posts on X by Vetle Lunde, a senior researcher at K33 Research, liquidation volume data shared by leading digital assets exchange might be severely underreported. […]
The trial of Binance executive Tigran Gambaryan continued in Abuja on September 2, with Nigerian prosecutors arguing against his request for bail and minimizing his health issues. Lawyers for Nigeria’s EFCC argued that Gambaryan was not in poor health, even though the government regulator’s counsel submitted health records to the court showing he needed surgery. …
“Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market,” according to K33 Research.
Binance Margin has added new trading pairs on Cross and Isolated Margin. Now, ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, and TON/USDC are accessible on Cross and Isolated Margin. This development allows users to diversify their portfolios and make their trading strategies more flexible. The new pairs traded with USDC especially increase …
Three major crypto exchanges teased the launch of new Solana-based products. The trading platforms shared mysterious hints on their official X accounts, suggesting their entry to Solana’s Liquid Staking ecosystem. The news received a positive reaction from the crypto community, seemingly fueling a bullish sentiment among SOL investors. Related Reading: TON-Based Memecoin DOGS Becomes Top 100 Largest Gainer With 30% Jump Exchanges Hint At New Solana-Based Products On Thursday, crypto exchanges Binance, Bybit, and Bidget created a buzz among crypto investors after hinting at the launch of new Solana-based products. Binance, the largest crypto exchange by trading volume, was the first to announce the mysterious partnership with two X posts stating “BNSOL,” and “Coming soon.” The crypto community quickly speculated about the meaning of the post, wondering about the collaboration. Soon after, Bybit and Bitget posted similar messages. Bybit stated it was “welcoming a new baby to the family” named bbSOL, while Bitget teased that “something BG is coming #BGSOL.” Despite not having further details, the community concluded the exchanges will launch Liquid Staking Tokens (LSTs), based on Sanctum’s comments. The Solana-based Liquid Staking Protocol replied to the news, hinting at its involvement in the project. In a reply to Bybit’s post, the Liquid Staking protocol said it was “ready to help this bbSOL grow big and strong.” This suggests that the exchanges are entering the Solana Liquid Staking ecosystem. The BNSOL, BGSOL, and bbSOL LSTs would allow users to stake their tokens and receive rewards while continuing to participate in other DeFi projects. The tokens would offer investors flexibility, as they would have access to liquidity without unstaking their tokens. Major Boost For SOL Price Coming? Following the announcements, the crypto community expressed a positive sentiment towards SOL. Many shared their excitement about the products, calling them “bullish” for the Solana ecosystem. Meanwhile, others suggested that positive competition was brewing in Solana’s Liquid Staking sector. The bullish sentiment seemingly translated to CLOUD, Sanctum’s governance token. The Liquid Staking protocol’s token soared 56% following the announcement. CLOUD saw a massive surge from the $0.16 price range to the $0.25 mark before stabilizing above the $0.24 level. Similarly, some community members noted that the crypto exchanges appear to see significant potential in SOL’s performance. SOL quickly surged to the $147 range, a 4.2% increase from Wednesday’s lows. Despite the positive sentiment, the price retraced to the $145 support zone before unsuccessfully retesting the daily high a second time. Nonetheless, investors believe that the recently announced tokens could bring a significant inflow of liquidity as the crypto exchanges have a massive user base. Moreover, the TSLs could accelerate Solana’s Liquid staking sector’s expansion and boost its adoption by retail users. The fifth-largest cryptocurrency by market capitalization had its price recovery halted by the most recent market shakeout. SOL’s price lost the $160 support zone and revisited the $140 level as Bitcoin slipped to $58,000 two days ago. Related Reading: RENDER Soars 30% In A Week, Here’s Why Experts Forecast A Massive Pump As a result, some market watchers remain cautious about the token’s short-term performance but suggest that SOL might aim for new heights in the coming months. As of this writing, the cryptocurrency trades at $145, a 2% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
One of the biggest names when it comes to Crypto platforms is Binance. Popular amongst traders all around the world, Binance has a lot to offer. However, with the constant growth in the Crypto market, there are now a large number of competing platforms with attractive offerings for traders to choose from. Having more options is always good for traders, especially when many offer such competitive conditions. This allows them to identify the features that are important to them, whether that be low fees, fast execution, or expert tools, and choose the right platform for their needs. This article will cover 3 alternatives to Binance including PrimeXBT, Kraken, and Coinbase, discussing their pros and cons, to help traders make the most informed decisions possible. PrimeXBT: An All-in-one Platform for All Experience Levels Founded in 2018, PrimeXBT has become one of the main market leaders when it comes to Crypto and online trading in general. Its modern platform features a user-friendly interface suitable for traders of all experience levels, while the suite of professional tools on offer – including TradingView integration – will please even the most expert of traders. One of the main benefits of PrimeXBT’s platform is its all-in-one nature. Traders can purchase BTC, ETH, and USDC outright, buy and sell CFDs on popular coins, and trade Crypto Futures, all in one. Trading conditions are highly competitive, with fees as low as 0.05% on Crypto CFDs, and 0.01% for Crypto Futures, and flexible leverage of up to x200. The broker also offers Copy Trading, allowing traders to follow expert strategies. Finally, there is a wealth of non-Crypto options available, with traders also able to diversify across markets like Forex, Indices, and Commodities. PrimeXBT takes the safety of client data and funds seriously. Its extensive cyber security framework includes strict measures to protect clients against any eventuality. The broker is also committed to transparency and regulatory compliance, allowing clients to trade with confidence. Finally, it offers 24/7 support in a range of languages, ensuring traders can get the help they need, whenever they need it. Kraken: Flexible Platform & Professional Tools Kraken is another highly popular platform in the Crypto space. It offers a large range of 200+ Cryptocurrencies to invest in, as well as an impressive 600+ pairs to trade. Margin trading is available, as are Futures contracts, both allowing for the use of leverage – although only to a max of 50x – and for transactions of larger volumes, Kraken even provides OTC services. The platform offers high liquidity and fast execution to its traders, with minimal slippage. This means trades are generally executed at the price quoted on the platform. Via Kraken’s flexible API integration, traders can also benefit from automated trading through the use of trading bots, while advanced charting and order types help cater to those with more market experience. Overall, Kraken is another good option for those looking for an alternative Crypto platform to Binance. Its flexible platform and wide range of trading instruments are beneficial for traders, however, its standard fees are higher than a number of other options. For example, spot Crypto fees start at 0.25%, while Futures fees start at 0.02%. The platform does offer lower fees for much larger volumes, however, these won’t necessarily apply to most traders. Coinbase: Reliable & Easy to Use Coinbase has been around for over a decade, making it one of the most well-known in the Cryptocurrency market. Its user-friendly platform allows users to buy and sell a range of popular Cryptocurrencies including BTC, ETH, and many more. Over the years, Coinbase has built a reputation for reliability, offering traders a secure environment backed by strict security measures. The interface of the platform itself makes Coinbase very welcoming for newcomers, while also providing enough depth and powerful tools for more experienced traders. It also offers a range of other services, including the ability to create and collect NFTs, as well as earn interest on Cryptocurrency a trader owns. Additional services are also provided for larger institutional investors. Its years in the market make Coinbase a solid choice for traders looking to get into Crypto. However, there are some cons when compared with other options available. For retail investors in particular, the fees can be quite high, reaching up to 4%. Those trading larger volumes receive lower fees, however, these can still be higher than those of competitors. Lastly, despite its overall reliability, Coinbase has had regulatory issues in the past, which some may view as concerning. Conclusion: Competition is Good for Traders Competition in any industry is always good for the end user. It drives innovation and gives people options, as is the case with Cryptocurrency trading. This article has discussed 3 leading Crypto platforms, all of which stand as great alternatives to Binance, and there are many more out there. Which platform a trader chooses – PrimeXBT, Kraken, Coinbase, Binance, or another one entirely – should depend on their needs and ambitions. Conducting thorough research before choosing the right platform is always the best way to go. That way, a trader can be sure they are benefitting from the best possible conditions to help them reach their trading goals. Start your Crypto trading journey with PrimeXBT. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in its website.
The crypto exchange complies with anti-money laundering legislation, he said.
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February.
Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts was restricted.
The Nigerian financial authorities recently announced their plan to overhaul the tax system to add crypto assets. The upcoming proposal, which aims to modernize the current policies and adapt to the evolving financial landscape, was praised by a Nigerian organization that called the efforts a “game-changing” move for the country’s economic growth. Related Reading: Crypto […]
The wife of Tigran Gambaryan, the American Binance employee detained in Nigeria, released a new video statement on Monday pleading for his immediate release from prison.
While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes.
Crypto analyst Javon Marks has just highlighted FLOKI as a digital asset that could register an impressive growth. In a post on X, Marks noted that if FLOKI confirms a so-called Hidden Bull Divergence, gains of over 96% can be expected. Related Reading: Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes This technical pattern implies an upsurge once the FLOKI breaks above $0.000276 resistance. If level breaks up, Marks thinks FLOKI may rise to $0.000546, and with “more room to climb.” That is an overall optimistic view, which aligns with a more comprehensive view given by crypto price prediction platform CoinCodex, projecting its value to increase by 227% by September 22, 2024. Recent Performance And Market Dynamics Despite the recent slump, FLOKI is doing a good job of catching investors’ attention. The token rose 15% in just a week, which could be quite a rally. On the back of this uptick are positive technical indicators, new strategic partnerships, and an anticipated airdrop announcement. Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing! With a break above this target,… https://t.co/w3iDJDPeZU pic.twitter.com/SSr3iaLB5F — JAVON⚡️MARKS (@JavonTM1) August 22, 2024 These are very positive factors, all brewing a lot of interest around this token, making it one of the more talked-about meme coins of late. FLOKI also experienced turbulence. The crypto market collapse in early August drove the token down 65% from $0.00034 on June 5 to $0.000096. However, its 15% comeback from that level has spurred anticipation of a revival. Airdrop Backed By Binance Boosts Confidence One major development is that Binance will support FLOKI’s upcoming airdrop of the Simon’s Cat token, CAT. Starting August 29, 2024, Binance will snapshot balances for this airdrop eligibility, where approximately 315 billion CAT tokens are given to every wallet with at least 400,000 FLOKI tokens. This airdrop is seen to be strategic in keeping up rewards for the FLOKI community, which faced a bot-ruined presale attempt. This upcoming announcement has fairly been received well. It not only instills confidence in FLOKI but also helps in the process of building trust in the community. The call to avoid the presale and instead go for the free airdrop at least to some level signals adherence to fair play and transparency, which might improve the long-term prospects of FLOKI. Floki: Price Forecast And Investment Outlook Looking further ahead, the price forecast of FLOKI seems quite promising. As per CoinCodex, the price may rise by approximately 227% by September 22, 2024, implying that it can go as high as $0.000489. The current feeling from technical indicators is Neutral, with neither buyers nor sellers in the upper hand driven by this bullish outlook. The fear and greed index reading of 34, which falls under the fear category, suggested that market sentiment remains at bay, probably due to the prevailing volatility. Related Reading: Stacks: New Developments Push STX Price 18% Higher – Details Over the past month, on average, FLOKI has been green 30%, which does not bode well for buyer interest. There have been truly a lot of price swings, given the token’s 17% volatility rate. For investors, this is quite a potential buying opportunity; however, it is not risk-free. It is very important to keep an eye on market conditions and overall sentiment before investment decisions can be made. Featured image from Medium, chart from TradingView
In the latest development, Changpeng Zhao, the former CEO of Binance, has been transferred from prison to a halfway house at the Residential Reentry Management office in Long Beach, California. While there were false rumors and speculation that Zhao has been officially released from all custody, recent federal inmate trackers have been updated to show …
Popcat has grown to one of the top three Solana-based meme coins in the past few months. The listing on the Binance exchange will significantly boost Popcat’s liquidity and trading volume. Meme coins are still considered favorites among speculative traders and chains seeking to grow on-chain activities. The emergence of meme coin mania on the …
The controversial crypto influencer Ben “BitBoy” Armstrong and Miami Heat’s NBA player Jimmy Butler have agreed to pay $340,000 to resolve allegations of promoting unregistered securities through Binance. The lawsuit claims that Armstrong and Butler facilitated the sale of unregistered securities, Binance’s native token, BNB, and its stablecoin, BUSD, which Paxos Trust once issued under …
Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February.
In the aftermath of Binance’s settlement in 2023 with US authorities and the subsequent resignation and conviction of its former CEO Changpeng Zhao (CZ), the regulatory landscape appeared to have quieted down for the exchange and its key figure. However, recent revelations by a former Department of Justice (DOJ) official-turned-lawyer for blockchain company ConsenSys have […]
Binance and its former CEO Changpeng Zhao are facing a new class-action lawsuit alleging consumer harm due to the exchange’s money laundering activities in a Seattle Federal court. The lawsuit accuses the defendants of putting profits before the law as they allegedly generated substantial amounts of proceeds by allowing notorious actors to make their funds …
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.
As per Binance’s official announcement, the crypto exchange is launching the USD-Margined perpetual contract for VOXEL today, where users can enjoy futures trading with up to 50x leverage on the asset. The exchange has set the capped funding rate at +2.00% / -2.00%. However, it also revealed that it may adjust the specifications of the …
Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.
The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.
Brazil’s CVM issued a warning to the crypto exchange in 2020 that it was offering residents derivatives products without authorization.
Recently, a panel set by the British Columbia Securities Commission (BCSC) found crypto exchange ezBtc responsible of defrauding users of CAD 13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Related Reading: $365 Million Crypto Scam: South Korean CEO Indicted […]
The Solana whale employed a dollar-cost averaging strategy, gradually selling tokens over time rather than making a single, large transaction.
A recent transaction from Binance, the largest crypto exchange in the world, has caught the attention of the Shiba Inu community. This transaction was reported carrying a large number of SHIB tokens, sparking speculations of why the exchange executed this transaction in the first place. However, the destination of the tokens could serve as a […]
Gambaryan has been detained in Nigeria since February 2024 and has suffered numerous chronic health conditions during that time.