#Binance
#Binance

Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ

Binance fired staff uncovering market manipulation by client DWF Labs. [ more ]

Coindesk

Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT

Binance now allows larger traders to keep their assets at independent banks.

The move may reflect users' unease about Binance's regulatory dispute and the bankruptcy of a rival exchange. [ more ]

Coindesk

First Mover Americas: BTC Dominance Increases, Binance to Re-Enter India

Bitcoin dominance increases due to impending halving and market risk aversion. [ more ]

Coindesk

Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products

Trading volume for NFTs at multi-year lows

Binance ceases support for Bitcoin NFTs [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Nigerian Binance Executive Escapes Custody, Deepening Ongoing Feud

Nigeria, with a significant Bitcoin affinity, has potential to become a major hub for the industry.

Feud between Binance and the Nigerian government could lead to broader industry crackdown. [ more ]

Coindesk

Bitcoin Tumbles 6% After Hitting Record High as Mounting Sell Orders Cap Price Gains

Bitcoin price dropped 6% from all-time high due to heavy selling pressure at $69,000 and $70,000 levels on Binance exchange.

BTC tumbled more than $1,000 in a minute to $64,700 after briefly reaching an all-time high of $69,208. [ more ]

Coindesk

First Mover Americas: Bitcoin Eclipses $43K Having Gained Nearly 10% in a Week

Bitcoin gains ahead of Fed rate decision

Binance allows larger traders to use independent banks [ more ]

Coindesk

Bitcoin's 'Sell The Fact' Pullback Came From Binance, OKX: Kaiko

Bitcoin has come under pressure since spot ETFs began trading in the US, leading to a drop in price.

The selling pressure has been concentrated on Binance, OKX, and Upbit. [ more ]

ReadWrite

Binance executives detained in Nigeria

Former US federal agent arrested in Nigeria along with Binance official

Nigeria cracking down on Binance amid cryptocurrency exchange prohibition [ more ]

ReadWrite

Binance to stop currency services in Nigeria amid legal dispute

Binance to discontinue currency services in Nigeria

Nigeria among largest cryptocurrency markets globally [ more ]

TechCrunch

Binance to halt naira services amid ongoing regulatory probe in Nigeria | TechCrunch

Binance to halt NGN services in Nigeria

Legal disputes intensified by regulatory actions in Nigeria [ more ]

Coindesk

Nigeria Government Demands $10B From Crypto Exchange Binance: BBC

Binance allegedly set an unofficial exchange rate contributing to economic disruption in Nigeria.

Nigeria demanded $10 billion fine from Binance for alleged illegal operations. [ more ]

Coindesk

Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports

Billions of untraceable crypto funds flowed through Binance in Nigeria, raising concerns about illicit activities.

Nigeria is facing a foreign exchange crisis and considering restrictions on capital outflows and crypto usage. [ more ]

Axios

How regulators tamed crypto

Bitcoin price surges to $42,000, driven by optimism about Bitcoin ETF and Fed rate cuts.

Binance, the largest crypto exchange, pleads guilty to money laundering and fraud charges, but is allowed to continue operating under a settlement agreement. [ more ]

Cointelegraph Magazine

BlackRock meets with SEC over ETF, Binance's new era begins and SBF loses release bid: Hodler's Digest, Nov. 19-25

Binance and its co-founder CZ have reached a $4.3 billion settlement with the US DOJ.

BlackRock met with the SEC to discuss a spot Bitcoin ETF.

A Bitcoin user paid $3.1 million in transaction fees for a BTC transfer. [ more ]

Coindesk

Binance's Bitcoin Reserves Drop as Retail Flow Moves to Coinbase: CryptoQuant

Bitcoin is flowing from Binance to Coinbase, with Coinbase's reserves increasing and Binance's decreasing.

The decrease in Bitcoin reserves on Binance is attributed to retail outflows and nervousness about recent legal issues.

Analysts believe that Binance's settlement with the U.S. Department of Justice increases the likelihood of a spot Bitcoin ETF approval. [ more ]

Coindesk

Bitcoin and Crypto Markets Shake Off Binance News, Eye Spot ETF Approval

Bitcoin has risen above $37,400 despite negative news in the crypto market.

The Binance settlement may increase the chances of the SEC approving a spot bitcoin ETF.

The exit of Binance's founder and CEO could alleviate concerns about overseas manipulation of bitcoin prices. [ more ]

London Business News | Londonlovesbusiness.com

The future of the Crypto market: $4.3 billion fine and imminent economic concerns

Bitcoin price experiences volatility amidst news of Binance fine and CEO resignation.

Expectations for a Bitcoin ETF approval and potential interest rate decrease in the US contribute to the rise in the crypto market. [ more ]

Coindesk

Bitcoin and BNB Recovery as Binance Plea Seen Boosting Spot ETF Odds

Bitcoin and BNB prices recover after Binance CEO's guilty plea and settlement.

Criminal settlement may increase chances of a spot-based bitcoin ETF approval in the U.S.

Traders believe the downfall of Binance CEO could strengthen Bitcoin adoption by institutional players. [ more ]

Cointelegraph

Why Binance's US plea deal could be positive for crypto adoption

Binance has pleaded guilty to money laundering and other federal charges, resulting in a $4.3 billion fine.

Binance's founder, CZ, will be sidelined from the firm for at least three years. [ more ]

London Business News | Londonlovesbusiness.com

Binance legal issues affect crypto market

Binance CEO Changpeng Zhao stepping down and the $4.3 billion settlement with the US government caused volatility in cryptocurrencies.

The settlement highlights the risks of operating and investing in the cryptocurrency space.

Additional regulation could drive away investors in the short term but could lead to broader adoption and safer access to cryptocurrencies. [ more ]

Coindesk

Binance's Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan

Binance's settlement with the U.S. government is positive for the crypto industry and the exchange.

The deal reduces potential systemic risk and reinforces the shift towards regulated crypto entities.

The agreement reduces uncertainty for Binance and may help it regain market share. [ more ]

Coindesk

Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein

Binance remains the dominant crypto exchange internationally despite the recent settlement with the U.S. government.

Bernstein expects increased competition from Coinbase and new exchanges in regulated markets.

The settlement could lead to the approval of a regulated bitcoin ETF. [ more ]

Coindesk

Binance Processes Nearly $1B in Net Outflows as Changpeng 'CZ' Zhao Resigns

Binance saw over $950 million in net outflows and its founder CZ agreed to step down as part of a settlement.

Withdrawals from Binance are higher than usual but not unusually large, and the exchange continues to operate as usual.

Binance holds over $67 billion worth of tokens and stablecoins, providing confidence in its solvency. [ more ]

Coindesk

Over $200M in Crypto Futures Bets Liquidated as Bitcoin Slumped Under $36K on Binance Settlement

Exchanges have liquidated $227 million in crypto perpetual futures positions in the past 24 hours.

BNB saw $6 million in liquidations, while Binance traders took on $100 million in liquidations, the most among counterparties. [ more ]

Coindesk

Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News

Binance might be paying $4 billion to settle multiple criminal charges in the U.S.

The settlement would allow Binance to continue operations [ more ]

moresettlement

Coindesk

12 hours ago

Binance Fined $4.3M by Canadian Financial Regulator for 'Administrative Violations'

Binance faced a C$6 million fine in Canada for violating financial regulations, including failure to register and report transactions over $10,000. [ more ]

TechCrunch

1 week ago

Binance CEO 'CZ' sentenced to four months in prison | TechCrunch

Changpeng Zhao, founder of Binance, sentenced to 4 months in prison for various violations including anti-money laundering and sanctions breaches. [ more ]

Coindesk

3 weeks ago

Binance Secures Full Virtual-Asset Services Provider License in Dubai

Binance awarded full crypto services license in Dubai by VARA. [ more ]

Coindesk

3 weeks ago

Binance Could Come Back to India by Paying $2M Fine: Report

Binance seeks re-entry into India by paying a $2 million fine. [ more ]

ReadWrite

4 weeks ago

Pepe Price Prediction: The Top Meme Coin Eyes $0.0000080 Ahead Of Bitcoin Halving; Time to Buy?

Pepe token is trending #1 on DEXTools with over 200,000 holders and a $3 billion market cap. [ more ]

Coindesk

What Binance's Exit From Nigeria Means for P2P Bitcoin

Binance discontinues services in Nigeria due to regulatory issues

Entrepreneurs in Global South face challenges due to currency wars and financial apartheid [ more ]

WIRED

1 week ago

Law

Binance CEO Changpeng Zhao Sentenced to Four Months in Prison

Changpeng Zhao, founder of Binance, sentenced to four months in prison for violating US law on money laundering. [ more ]

www.nytimes.com

1 week ago

New York City

Binance Founder Sentenced to Four Months in Prison

Changpeng Zhao, founder of Binance, sentenced to 4 months in prison for money laundering, less than prosecutors sought. [ more ]

Coindesk

First Mover Americas: Back in the Green

The crypto market saw gains following BlackRock's involvement in asset tokenization.

Binance faced charges of tax evasion in Nigeria, impacting its executives and operations. [ more ]

Coindesk

CommEX, Owner of Binance's Former Russian Ops, to Close Down

CommEX plans to shut down its website by May 10.

CommEX bought Binance's Russian exchange last year. [ more ]

Coindesk

Selling on Rise? Crypto Whale Transfers $42.8M ETH to Binance

A crypto whale transferred 12,000 ETH to Binance.

Ether rose 11% despite regulatory concerns and the options market is more bearish on ether than bitcoin. [ more ]

Coindesk

Binance Spun Off Venture Capital Arm Earlier This Year: Bloomberg

Binance spun off its venture capital arm, Binance Labs, under new CEO Richard Teng.

Richard Teng's background signifies a move towards regulatory compliance at Binance. [ more ]

The Drum

Binance launches a perfume to lure women into crypto

Binance launches perfume to attract women to crypto.

Binance faces legal challenges amidst its efforts to enhance female participation in the crypto sphere. [ more ]

TechCrunch

Binance made crypto perfume in a baffling attempt to woo women | TechCrunch

Binance faced legal challenges but launched a bold fragrance marketing campaign to attract more women to crypto.

The fragrance 'CRYPTO' by Binance aims to break stereotypes and make the crypto space more inclusive. [ more ]

Coindesk

BNB Price Climbs to Highest Since FTX Crash Amid Airdrop Frenzy, Easing Binance Worries

BNB price surpassed $380 for the first time since Nov. 2022, surpassing the broader crypto market.

BNB is benefiting from diminishing concerns about Binance after regulatory issues and from an airdrop campaign for BNB holders. [ more ]

Coindesk

Crypto Trading Hits Busiest Pace Since June 2022

Spot trading volume increased in January due to bitcoin ETF approval.

Binance's trading volume rose while OKX's decreased in January. [ more ]

Coindesk

Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg

Binance is facing challenges in re-entering the U.K. market after suspending its services in October.

The Financial Conduct Authority's new rules require crypto firms to be registered or approved by an authorized third party for marketing campaigns. [ more ]

TechCrunch

Hackers steal $112 million of XRP Ripple cryptocurrency | TechCrunch

Hackers stole around $112 million of XRP cryptocurrency from Ripple's co-founder and executive chairman's personal accounts.

The stolen XRP funds have been laundered through several crypto exchanges including Binance and Kraken. [ more ]

Coindesk

Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX

Binance is in discussions about reducing its stake in South Korean exchange GOPAX.

The discussions are still in early stages and no further details were shared.

South Korea's proposed regulations on virtual assets may have an impact on the decision to reduce the stake. [ more ]

TechCrunch

Bitcoin spot ETF volume rose, Coinbase went to court, Solana Mobile announces new device and Google cuts crypto apps in India | TechCrunch

Solana Mobile's new device receives over 30,000 preorders

The number of monthly active crypto developers fell 25% in 2023 [ more ]

Coindesk

Binance Thailand Crypto Exchange Open for Trading

Binance Thailand, a joint venture between Binance and Gulf Innova, is now open for trading.

The exchange offers digital asset exchange services with Thai baht trading pairs and integrates with local banks in Thailand. [ more ]

Coindesk

4 months ago

First Mover Americas: Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks

BlackRock's change to its spot bitcoin ETF mechanics allows Wall Street banks to play a key role in the ETF ecosystem.

Binance and its founder argue that the SEC did not meet the requirements of the 'Howey Test' in its lawsuit against them. [ more ]

Cointelegraph Magazine

Binance's CZ must stay in US, Elon Musk seeks $1B for AI, and other news: Hodler's Digest, Dec. 3-9

Binance founder CZ ordered to stay in the US until his sentencing in February due to flight risk.

US House committee passes bill to promote blockchain deployment and increase US use of blockchain technology.

SEC delays decision on Grayscale's spot Ether ETF offering. [ more ]

Coindesk

First Mover Americas: Binance Withdraws an Abu Dhabi License Application

Cryptocurrency exchange Binance has withdrawn its bid for an investment-management license in Abu Dhabi, deeming it unnecessary for its global needs.

El Salvador has launched a program called 'Freedom VISA' that offers residency to individuals who invest at least $1 million worth of bitcoin or tether in the country. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

As ETF Hype Builds, Bitcoin Rallies Past $40k

Despite some setbacks, Bitcoin's price has crossed the $40,000 mark and is experiencing a steady upward trend.

Bitcoin's resilience in the face of Binance's legal troubles and competition from other exchanges is notable. [ more ]

Coindesk

U.S. Crypto Lobbying on Course for Record Spend This Year

U.S. lobbying spending by the cryptocurrency industry is set to reach a record high this year.

Crypto companies have spent $18.96 million on lobbying by the end of Q3 2021, up from $16.1 million in the same period last year.

Coinbase is the biggest spender, followed by Crypto.com owner Foris DAX, Binance, and the Blockchain Association. [ more ]

Coindesk

Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'

The anchored euro (AEUR) stablecoin surged nearly 200% on Binance after being listed on the crypto exchange.

The token's low market cap and limited liquidity make it vulnerable to de-pegging by potential price manipulation. [ more ]

The Athletic

Why Cristiano Ronaldo is being sued in $1bn lawsuit by people who bought his NFTs

Cristiano Ronaldo is facing a $1 billion class action lawsuit in the U.S. over his promotion of a non-fungible token collaboration with Binance.

The lawsuit alleges that investors suffered losses after making investments based on Ronaldo's social media advertisements for Binance products. [ more ]

www.theguardian.com

Cristiano Ronaldo faces US$1bn lawsuit for promoting Binance NFTs

Cristiano Ronaldo is facing a class-action lawsuit seeking at least $1 billion in damages for promoting cryptocurrency-related non-fungible tokens (NFTs) issued by Binance.

The lawsuit alleges that Ronaldo's promotion of Binance was deceptive and unlawful, leading investors into costly and unsafe investments. [ more ]

ESPN.com

Ronaldo faces $1B lawsuit for promoting NFTs

Cristiano Ronaldo is facing a $1 billion class-action lawsuit for promoting cryptocurrency-related NFTs on Binance.

The lawsuit alleges that Ronaldo's promotion of Binance was deceptive and unlawful, leading to costly investments.

The suit claims that Ronaldo's partnership with Binance was incredibly successful, resulting in a 500% increase in online searches for 'Binance'. [ more ]

Coindesk

First Mover Americas: Standard Chartered Bank Thinks BTC Will Reach $100K by End of 2024

Standard Chartered Bank predicts bitcoin will reach $100,000 by end of 2024, citing approval of spot bitcoin ETFs and the upcoming Bitcoin halving as catalysts.

Digital Currency Group and Genesis Global have reached a repayment plan to settle their lawsuit, with DCG agreeing to pay another $275 million to Genesis in installments.

The Philippines SEC warns that it may block access to Binance in the country for operating without a license and promoting crypto trading to Filipinos. [ more ]

WSJ

Essay | The End of Crypto's Dream to Escape From Government

Binance, the world's largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws and will pay $4.3 billion in penalties.

The agreement between Binance and U.S. authorities marks a watershed moment for crypto's compliance with American law.

The centralized nature of cryptocurrency exchanges like Binance and Coinbase allows the government to extend its reach into the crypto economy. [ more ]

Coindesk

NFT Platform Blur's Token Jumps 22% Amid Binance Listing and Blast Optimism

BLUR token surged 22% after being listed on Binance's convert feature.

The rise followed an uptrend that has doubled the token's value in the past week.

Criticism has been received for Blast, a layer 2 network associated with BLUR, due to its referral scheme. [ more ]

WSJ

Binance Penalties Include a Number of Crypto Industry Firsts

The Treasury Department's FinCEN is imposing its first-ever monitorship on the cryptocurrency exchange.

U.S. regulators are employing powerful measures typically used for major financial institutions to penalize Binance, the largest cryptocurrency exchange. [ more ]

Coindesk

The Protocol: CZ's out, Altman's in, and Kraken's Sued

Binance CEO Changpeng Zhao will step down as part of a plea agreement with U.S. prosecutors, and Binance will pay over $7 billion in fines to the U.S. Treasury and CFTC.

Despite controversy surrounding Binance's centralized structure, Zhao is credited with spearheading tremendous growth in the crypto industry.

Oracle firms like Chainlink and Pyth Network are competing to provide lower-latency pricing data to blockchains for faster on-chain trading. [ more ]

Coindesk

First Mover Americas: Binance, Binance, Binance

Binance, the world's largest crypto exchange, has been charged with breaking sanctions and money-transmitting laws and has agreed to a $4.3 billion settlement.

Founder Changpeng 'CZ' Zhao pleaded guilty to charges and agreed to pay a $50 million fine and step down as CEO.

Binance's initial growth was fueled by its illegal operations in the U.S., targeting high-value customers who drove the exchange's revenue. [ more ]

Coindesk

Trading Crypto on Binance Becomes Challenging as Order Book Liquidity Tanks 25%

Binance's CEO stepping down and the $4 billion settlement did not significantly impact the wider crypto market.

Binance's order book liquidity has been affected, making trading conditions more difficult for large traders.

Liquidity on Binance has declined by 25% or more in the past 24 hours. [ more ]

www.coindesk.com

Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance's Gulity Plea

Binance CEO Changpeng Zhao (CZ) pleaded guilty to violating U.S. anti-money laundering laws and stepped down as part of a $4.3 billion settlement.

Despite this news, the options market saw increased activity in topside bitcoin call options, indicating persistent bullish sentiment.

Market participants traded a large number of BTC $45,000 strike call options with a March 2024 expiry, expecting a continued price rally in bitcoin. [ more ]

Slate Magazine

The Feds Cracked Down on the World's Biggest Crypto Mogul-and Then Insulted Him!

Binance founder CZ pleads guilty and pays $50 million fine for failure to maintain effective anti-money laundering program.

Binance fined $4.3 billion in total for violating U.S. laws around money laundering, licensing, and sanctions.

DOJ seizes $9 million worth of Tether in connection with romance scams and cryptocurrency confidence scams. [ more ]

www.npr.org

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao (CZ) will step down from Binance as part of a settlement with U.S. regulators.

CZ will plead guilty to money laundering violations and pay a $50 million fine.

Binance will pay $4.3 billion in fines and be allowed to continue operating. [ more ]

WIRED

A DOJ Settlement Would Show Binance Is Too Big to Fail

US regulatory bodies have filed civil lawsuits against Binance for various improprieties.

The Department of Justice is reportedly preparing criminal charges against Binance. [ more ]

Coindesk

Bitcoin Faces Headwinds as ETF Optimism Stalls; DOGE, SOL Give Back Gains

Bitcoin prices remained stable while other major tokens experienced losses.

Binance's tokens saw gains amid reports of a $4 billion settlement with the U.S. government.

Bitcoin is expected to trade sideways due to uncertainty about the Federal Reserve's next steps and ETF regulatory decisions. [ more ]

Coindesk

What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

A crypto hacker drained $27 million worth of tether (USDT) from a cryptocurrency wallet linked to Binance.

The stolen stablecoins were quickly converted to ether (ETH) and then to bitcoin (BTC) using the THORChain bridge.

The hacker may have inside knowledge of Binance's operations and is speculated to use a mixer to launder the funds. [ more ]

Coindesk

Hacker Steals $27M in Tether From Wallet Linked to Binance Deployer

A hacker stole $27 million worth of tether (USDT) from a wallet linked to the Binance deployer.

The stolen funds were converted to ether (ETH) and then to bitcoin (BTC) via the THORChain bridge. [ more ]

Cointelegraph Magazine