Tag: Binance

Here’s The Bitcoin Whale Who Dumped $1 Billion In BTC On Binance

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Bitcoin has seen its price suffer from the tremendous selling pressure that has filled the market over the last few weeks. However, as investors hope for relief, it seems that the sellers are far from done, with one notable Bitcoin sell transaction in particular sending the market into a frenzy. Whale Dumps $1 Billion Worth Of Bitcoin Whale tracker Whale Alert took to X (formerly Twitter) to inform the crypto community of a large Bitcoin transaction that was participating in the sell-off. The transaction was carrying a total of 16,276…

Binance announces token drop platform Megadrop after securing Dubai VASP license

Leading crypto exchange, Binance has announced a new airdrop and web3 quest platform dubbed Megadrop. Announced on April 18, Megadrop is primarily a token launch platform that will host airdrops and Web3 quests by integrating the Binance Simple Earn program and the Binance Web3 Wallet. The goal, per Binance, is to make the airdrop experience more engaging for users. The platform exclusively allows access to select web3 projects before they are officially listed on the global exchange. Users can do this either by locking their BNB holdings for a certain…

Bitcoin (BTC) Dominance Increases, Binance to Re-Enter India

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Binance, the cryptocurrency exchange that was removed from India some months ago, is looking to re-enter the country by paying a $2 million fine, the Economic Times reported on Thursday. Earlier this year, Binance and some other exchanges were removed from the Apple Store in India after India’s Financial Intelligence Unit (FIU) sent them compliance “show cause” notices. OKX, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex were the other firms that were sent notices at the time. Original

Bitcoin dips to $65k as Fezoo positions itself against Binance and OKX

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin dips to $65K ahead of its halving, investors are turning their attention to Fezoo, a new exchange poised to challenge industry leaders Binance and OKX. The dynamic crypto trading has continued and Bitcoin has fallen to $65,000. This is ahead of Bitcoin halving. Investors are expecting that the current decline doesn’t change the outlook on their return on investment much before halving. Meanwhile, Fezoo is set to…

Experts: Nigeria’s Binance Crackdown Shakes Investor Confidence

The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […] Source CryptoX Portal

DOJ considering new law firm as monitor for Binance amid FTX ties

The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX.  According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions regulations. The role was part of an agreement with both the Justice Department and the Treasury’s Financial Crimes Enforcement Network (FinCEN). However, the decision has been stalled due to concerns over Sullivan & Cromwell’s previous…

AI Altcoin Project Lands on Crypto Exchange Binance in Surprise Listing

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An altcoin project focused on digital commodities and artificial intelligence (AI) is witnessing volatility after a surprise listing on Binance. The top global crypto exchange says it’s officially rolled out trading services for Bittensor (TAO). The announcement triggered a 9% surge in the asset to a high of $627.52 on Wednesday, before the coin dropped to $548.20 following Bitcoin’s big pullback to as low as $65,771. Bittensor is a decentralized blockchain platform that focuses on machine learning and AI. The open-source project enables users to produce digital commodities in distinct…

Binance Labs invests in BounceBit to advance Bitcoin utilization

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Binance Labs invests in BounceBit to transform Bitcoin’s role with innovative solutions. Binance Labs, the venture capital and incubation division of Binance, has invested in BounceBit, a Bitcoin restaking and centralized decentralized finance (cedefi) protocol. “BounceBit unlocks new avenues for Bitcoin’s utilization with the fusion of cefi and defi.” Yi He, Co-Founder of Binance and Head of Binance Labs He also emphasized Binance Labs’ commitment to supporting innovators reshaping the industry with secure and transparent cedefi solutions. BounceBit aims to transform Bitcoin from a passive asset into an actively engaged ecosystem component. By…