Tag: Binance

Binance Possible $4B Civil Settlement in US Ignites BNB and Bitcoin Bulls

BNB price has gained about 6.4 percent in the past 24 hours to trade around $262 as the charges filed by the DoJ are believed to be finalized by the end of this month. Amid the ongoing altcoin recovery, Binance’s native coin BNB has enjoyed a much-needed recovery, thus invalidating the possible replay of the FTX scenario. Binance Holdings Ltd., a leading cryptocurrency exchange that has invested heavily in the Bitcoin network and the web3 ecosystem, is looking at a possible settlement with the United States, according to a recent…

Binance in Talks to Pay Over $4B to US Justice Department to End Ongoing Criminal Case but There’s Catch

Binance will reportedly pay no less than $4 billion in fines to keep operating in the United States. Binance Holding Ltd may have reportedly reached a settlement agreement with the United States Justice Department (DoJ). That is according to a recent report by Bloomberg. Citing sources with inside knowledge of the matter, the report claims that a resolution could be reached even as early as the end of this month. Per the agreement, Binance is expected to pay no less than $4 billion in fines as part of three conditions…

BNB pops after report that DOJ wants $4B settlement with Binance

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BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company. Cointelegraph Markets Pro shows BNB spiked 6% to $262 in around 30 minutes after Bloomberg’s Nov. 20 report, which said Binance was negotiating an agreement to resolve a DOJ probe into alleged sanctions violations, money laundering and fraud. BNB dropped to $252 around four hours later but notched a second spike to $266 — its…

Bitcoin (BTC) Price and BNB Coin (BNB) Price Rally on Binance Settlement News

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Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg

CryptoX – Cryptocurrency Analysis and News Portal Binance Holding Ltd. would be asked to pay $4 billion to settle U.S. Department of Justice accusations of multiple criminal violations, according to a report from Bloomberg News on negotiations between the DOJ and the company, which are also leaving open the possibility that its founder Changpeng “CZ” Zhao would also face U.S. criminal charges. Source The post Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg appeared first on CryptoX. CryptoX Portal

Kaspa price jumps 15% following Binance listing

Kaspa (KAS) is up more than 15% in the last 24 hours and is top of the leaderboards as far as the most talked about cryptocurrency is concerned per data from CoinMarketCap. The coin outperformed several established players over the weekend amid a broader upswing that witnessed a 2% increase in the total crypto market capitalization. Analysts credit this green run to the announcement by Binance that it would launch Kaspa for perpetual trading, a move that often endows the respective cryptocurrency with a sense of legitimacy, which can stimulate…

Kaspa Binance Listing Sparks Frenzy, Token Soars: 50%

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Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in value. This surge aligns with a broader trend, as the entire market capitalization of the crypto market has grown by over 5%, underscoring a substantial increase in overall value. In the past week alone, Kaspa’s price has soared significantly, contributing to its standout performance in the dynamic cryptocurrency landscape. The value of Kaspa (KAS) surged last week after it was added to the Coinbase Global platform,…

Binance to launch Thai exchange in joint venture with local energy giant

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Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development. A Nov. 15 Stock Exchange of Thailand filing by Gulf Energy said the venture, called Gulf Binance, will initially be available on an invitation-only basis with a public rollout by early 2024, with the firm receiving Securities and Exchange Commission approval on Nov. 10. A Binance spokesperson confirmed to Cointelegraph that the platform has initially launched as an invitation-only exchange and would give more details as information…

Binance Labs invests in ARKM, the native token of Arkham platform

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Binance Labs, the venture capital arm and incubator arm of crypto exchange Binance, said on Nov. 15 that it has invested in ARKM, the native token of the “deanonymizing” blockchain platform Arkham. The company said in a blog post on the website that the investment aims to support “on-chain insights at scale across the blockchain ecosystem.” “Arkham’s proprietary technology advances how on-chain intelligence is produced and shared,” Binance Labs investment director Alex Odagiu told Cointelegraph. The platform allows individuals or organizations to do their own research, in addition to enabling users to participate in…

Binance launches Dual Investment product 

In a Nov. 14 announcement on X, Binance shares the news of Dual Investment products with updated target prices and settlement dates. According to the website, Dual Investment will allow individuals to purchase or sell cryptocurrency at a predetermined price and date in the future.  Rewards, regardless of direction The announcement shares that the Dual Investment product will be available in a subscription format based on a first-come, first-served basis, with updated target prices and settlement dates. The Dual Investment platform offers opportunities to earn rewards by participating in buy low and…