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.
The Venezuelan government has blocked various websites, including the social network X, following allegations of fraud in the July 28 presidential elections.
The Venezuelan government has restricted access to several online platforms, including Binance and the social media platform X. These measures were implemented amidst the ongoing controversy around the recent presidential election. On 9th August, local organization VE sin Filtro reported that a DNS block was detected on Binance, which disrupted the functionality of its website …
Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X.
On Monday, Bitcoin, the largest cryptocurrency asset, suffered a major decline, which saw its price dropping as low as $49,000 due to a broader market decline triggered by Japan’s stock market downswing. However, following the black Monday event, the crypto asset has recovered strongly, surpassing major assets in the world like the Nasdaq Stock, as […]
This week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank license in the UK, and Core Scientific’s billionaire deal with CoreWeave.
Toncoin (TON), the native token of The Open Network, has been one of the best performers this cycle. The token registered a 200% surge in the last six months, flipping Dogecoin (DOGE) by market capitalization. As a result, the crypto exchange Binance announced the listing of TON on August 8, which propelled the price by over 10%. Related Reading: Ethereum On The Move: Dormant ETH Wallets Linked To $4 Billion Scam Awaken Toncoin Soars 14% After Binance Listing On Thursday, Binance, the largest crypto exchange by trading volume, announced it would list TON on the trading platform. The exchange stated that the seed tag, used for projects with higher volatility and risks than others, would be applied to the token. Binance announced it would open trading for four new spot trading pairs on August 8 at 10:00 UTC. The pairs include TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Additionally, the exchange added Toncoin to Binance Simple Earn, “Buy Crypto,” and Binance Convert. Meanwhile, TON withdrawals won’t be available until Friday. The telegram-integrated token will also be added to Binance’s Margin and Auto-Invest services on Monday, August 12. Following the listing, Toncoin saw an initial 14% increase, reclaiming the $6 support zone. The token surged to the $6.4 area before retracing to the $6.3 mark. Moreover, TON’s market activity increased by over 239% in the last 24 hours, with a daily trading volume of $1.3 billion. TON Tests Key Levels Following the recent surge, investors and market watchers have weighed in on TON’s price action. Trader AltCryptoGems highlighted that Toncoin was “outperforming today” with a “very nice pump from support.” Per the chart, TON bounced from the $5.4 support area to the $6.3 resistance level. If the token fails to reclaim this level, its price could lose momentum and dip to the previous support zone or lower. However, a successful retest of the key $6.3 mark could drive the price above $6.4. This could lead the token to break out of the downtrend line and propel the price towards TON’s ATH. The trader suggested avoiding “chasing green candles, especially above key resistance levels.” Instead, he advised that investors monitor the token’s reaction as “it is an interesting area to do some business.” Similarly, Altcoin Sherpa warned investors about TON despite being bullish. To the analyst, it’s “still a great chain/project.” However, Sherpa considers that the project needs more adoption even if “there are a lot of builders going on there lately.” “I think TON is still bullish for this cycle but wouldn’t be rushing to buy at current prices,” stated the analyst. Related Reading: Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish Toncoin displayed one of the strongest performances this cycle so far, reaching its ATH of $8.25 two months ago. The token has neared the $6.4 resistance level, hovering between the $6.35 and $6.38 price range in the past hour. As of this writing, TON is trading at $6.37, a 14.8% increase in the last 24 hours. Featured Image from Pinterest, Chart from TradingView.com
With both spot and derivatives trading showing robust growth, exchanges like Bybit and Binance continue to play pivotal roles in facilitating this activity.
Binance, one of the largest crypto exchanges in the world, is facing regulatory scrutiny again. The exchange has been slammed with a show-cause notice from India’s Directorate General of GST Intelligence (DGGI) two months after paying a $2 million fine to the Financial Intelligence Unit (FIU). The notice demands over $80 million from the crypto […]
The US Securities and Exchange Commission (SEC) is seeking to modify its ongoing lawsuit against Binance to avoid a court decision on the security status of third-party tokens like Solana. In a joint July 29 court filing, the SEC requested permission to amend its original complaint against the crypto trading platform, stating that it aims […]
The post SEC seeks to amend Binance lawsuit to avoid ruling on SOL’s security status appeared first on CryptoSlate.
Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance? From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was “proposed for faster transactions, cheaper fees, and the project’s needs to achieve more ambitious goals with more on-chain data and transactions.” The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024. This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio. On Monday, the RNDR delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week. Moreover, Whales seemingly contributed to the impact of the token’s price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range. The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery. AI Token Skyrockets 17% Following Binance Listing The newly rebranded crypto AI token surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert. Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR. Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, “the RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights.” Crypto analyst Coinboss considers that the token could “do a flipperino” if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDR’s all-time high (ATH) of $13.53. Another pseudonym crypto analyst believes RENDER could reach $10 soon, stating, “Thanks for the fud. See you above $10.” Some users also consider that investors will regret not getting the “greatest buying opportunity.” Related Reading: Solana’s Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day. Featured Image from Unsplash.com, Chart from TradingView.com
The post Binance’s Bold Move: Investing Customer Funds in US Treasury Bills! appeared first on Coinpedia Fintech News
On July 19, a United States court granted Binance the approval to invest customer funds in US Treasury Bills. According to the order from the United States District Court for the District of Columbia, Binance can invest “certain” customer funds through a third-party investment manager. Binance must ensure that it does not invest these funds …
The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.
The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.
A US court has granted Binance US permission to invest certain customer fiat funds, currently held at BitGo, in US Treasury Bills. Earlier this week, the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. These investments will be made through a trading account on TreasuryDirect in US […]
The post Binance.US secures court approval to invest $40 million in US Treasury bills appeared first on CryptoSlate.
Last week, a federal judge convened a hearing for the U.S. Securities and Exchange Commission's case against Binance after publishing her ruling on Binance's motion to dismiss the SEC lawsuit.
Formally, Bloomberg Businessweek has apologized to Binance and Changpeng Zhao, co-founder, for a 2022 story that falsely characterized Zhao as the head of a “Ponzi scheme.” Related Reading: Bitcoin Bites The Dust? Peter Schiff Celebrates Gold ATH, Trashes Crypto Modern Media CL, Bloomberg’s publisher, issued a public apology in their 250th edition, indicating a great […]
Blockchain security firm Cyvers Alert reported that the Indian exchange WazirX was exploited for around $235 million. Cyvers stated: “Our system has detected multiple suspicious transactions involving [WazirX’s] Safe Multisig wallet on the ETH network. A total of $234.9M of your funds have been moved to a new address. Each transaction’s caller is funded by […]
The post Indian exchange WazirX hit by $235 million hack, North Korea link suspected appeared first on CryptoSlate.
Though the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months.
Binance, the world’s largest crypto exchange by trading volume, posted a puzzling image on X on Monday that could hint at major upcoming developments for the Shiba Inu ecosystem. The image, which showed a Shiba Inu dog next to two oranges on a piece of luggage wrapped in Binance’s signature yellow ribbon, was captioned “pawsitively […]
The post Nigerian Court To Begin Binance’s Tax Evasion Trial In October appeared first on Coinpedia Fintech News
As per a report from Reuters, A Nigerian Court will begin a trial against Binance over tax evasion charges on October 11, the judge hearing the case said on Friday. Binance currently faces four counts of tax evasion, including failure to register with Nigeria’s Federal Inland Revenue Service for tax purposes. Binance Representative Urges Judge …
Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000. Binance Bought The Bitcoin Dip Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last week, some unnamed exchanges were loading up the dip. It is now emerging that Binance, the world’s largest exchange by client count, was actively accumulating. CryptoQuant data shows that Binance increased its reserves by 41,000 BTC over the last bear run when prices corrected from $72,000. Buying on dips is strategic, considering the exchange’s obligation, especially for users seeking to convert other tokens for BTC on the fly instantaneously. Related Reading: XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst During this time, Ki Young Ju also noted that “permanent holders,” entities who tend to HODL and not move coins, have been accumulating. These addresses, excluding spot Bitcoin exchange-traded fund (ETF) issuers, exchanges like Binance and Coinbase, or miners, added 85,000 BTC in the last month. During this time, spot Bitcoin ETF issuers decreased their holding by 16,000 BTC. While some entities were scrambling for the exits, others saw this as an opportunity to double down, loading on every retracement. Their involvement has helped stabilize prices, improving sentiment shredded after last week’s dump to as low as $53,500. German Government Offloading More BTC Even as the “diamond hands” buy the dip, the German government is not stopping; looking at Arkham Intelligence data. Today, on July 11, they moved another 3,250 BTC, on top of the 5,627 sent earlier, to multiple market makers and exchanges, including Bitstamp. Their decision to sell is heaping more pressure on the coin, slowing down the uptrend. Even amid sustained outflows from the German government, a Coingecko survey shows that most respondents, especially investors, are upbeat. Related Reading: Filecoin Boom Incoming? Market Optimism Fuels Crypto’s Next Breakout Star Meanwhile, traders and speculators have mixed sentiments. While 39% of traders are upbeat, expecting prices to recover, another 33.5% of those surveyed are bearish. Most speculators, or 42.4% of those surveyed, are bearish, expecting prices to continue tanking. Feature image from DALLE, chart from TradingView
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
The post Binance vs SEC Update: Key Deadline Set for July 29 by Judge Amy Berman Jackson appeared first on Coinpedia Fintech News
The legal saga between the U.S. SEC vs Binance Holdings Limited began when the SEC filed a lawsuit on June 5, 2023, in the District Court for the District of Columbia. The case, overseen by Judge Amy Berman Jackson and referred to Magistrate Judge Zia M. Faruqui, accuses Binance of violations under the Securities Exchange …
The post Binance Accused Of Unauthorized Transactions By Central Bank Of Nigeria appeared first on Coinpedia Fintech News
The Central Bank of Nigeria (CBN) alleges that Binance performed banking services without proper authorization. The Nigerian government has accused Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, of conspiring to obscure the origins of $35.4 million in financial proceeds from illegal activities in Nigeria. It was also stated that Binance’s website misled Nigerians …