The price performance of Chainlink is one of the previous week’s biggest narratives, rivaling Bitcoin making its way above $43,000 again. According to data from CoinGecko, the altcoin recorded a significant 25% price increase in the last seven days. However, the price of LINK seems to be slowing down, as it keeps struggling to hold above the $18 level. While expectations are that this sluggishness will blow over soon, the question still is – why is the Chainlink price stalling? 16 Million LINK Tokens Transferred To Binance The latest on-chain revelation…
Tag: Binance
Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance
A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps). This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of…
Binance Exchange Slapped With a Lawsuit in New York by Victims of October 7 Hamas Attack on Israel: Report
The world’s largest crypto exchange platform by volume is reportedly being sued in New York by the victims of the October 7th Hamas attack on Israel. According to a new report by ABC News, Binance is being sued by the families of the victims for allegedly providing the terrorist group with a funding mechanism. The lawsuit, which was filed earlier this week by an American woman freed from Gaza and the families of two men killed during the October 7th attack, accuses Binance of processing numerous transactions for Hamas between…
Pyth Network token surges by 20% amid Binance listing
The token of the Pyth Network project (PYTH) was among the growth leaders, gaining 20% in price. According to data from CoinMarketCap, PYTH has risen 20.4% in the past 24 hours, reaching $0.49 when writing. At the same time, token trading volumes showed explosive growth, increasing by 158% to $204.2 million. Source: CoinMarketCap Year-to-date, PYTH has grown steadily, gaining over 43% in just one month. The latest sharp jump in the PYTH rate is happening amid the announcement of the Binance crypto exchange about its upcoming listing. According to the…
Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive Chris Larsen
In a Wednesday post, blockchain sleuth ZachXBT claimed that 213 million XRP tokens had been siphoned out of a large wallet on the XRP Leger blockchain. The funds were subsequently laundered through multiple exchanges including Binance, Kraken, and OKX. Source
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg
In an effort to find a new partner, at least three firms who have been contacted by Binance to approve its marketing services have declined the offer after the FCA expressed concerns about the firms potentially working with Binance, according to the people that spoke with Bloomberg. Source
Binance launches marketplace focused on Ordinals protocol
Cryptocurrency exchange Binance has introduced a marketplace focused exclusively on the inscriptions of the Ordinals protocol. According to the exchange announcement, the new platform will allow the sale, purchase, and mining of BRC-20 standard tokens and other EVM-compatible assets. The marketplace for inscriptions is hosted on Binance’s web3 wallet, accessible through the platform’s app. According to the developers, the new product’s features include buying, selling, and mining BRC-20 tokens and other EVM coins, seamless transfers between the Binance platform and its crypto wallet, and increased transaction speeds. Notably, despite the…
Binance Sued by Families of Hamas Victims, Hostages
The plaintiffs, who are also suing Iran and Syria, accuse the crypto exchange of facilitating the financing of Hamas, which is listed as a terror group by the U.S., U.K. and other jurisdictions, and other terrorist organizations between 2017 and 2023, “providing a clandestine financing tool that Binance deliberately hid from U.S. regulators.” Source
Binance Weighs Sale of Stake in South Korean Crypto Exchange GOPAX
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Binance to reduce stake in Korean crypto exchange Gopax, report says
Binance reportedly plans to reduce its stake in Korean crypto exchange Gopax within the next two months to address regulatory reporting issues. Crypto exchange Binance, the major shareholder of Korean crypto trading platform Gopax, is set to reduce its stake in the exchange within the next one to two months to address issues with reporting changes to virtual asset business operators (VASPs), Korean news outlet News1 Korea has learned. The move is expected to solve regulatory issues after Korean authorities delayed approval of Gopax’s VASP change report submitted in March…