Tag: Binance

Binance listing triggers a 75% price surge for Blur

BLUR, the native cryptocurrency of the Blur NFT marketplace, experienced a 75% surge in price over the last seven days, largely due to the token’s listing on Binance and several other positive developments. Blur stands out in the non-fungible token (NFT) sector by employing BLUR as its governance token. This unique approach aims to decentralize the Blur NFT marketplace, giving control to the community — a distinctive strategy when compared to competitors like OpenSea, which operates without a token and relies on private investors. The platform has recorded a decent…

Binance CEO exits, Kraken sued, HECO hacked

This week, Binance agreed to a $4.3 billion settlement and saw founder Changpeng Zhao exit as CEO; the U.S. SEC levels charges against Kraken; and HECO Bridge, another venture affiliated with Justin Sun, suffered an $85 million hack. Binance troubles On Nov. 20, the U.S. Department of Justice (DoJ) proposed a $4 billion settlement with Binance, addressing allegations related to money laundering and sanction violations. Binance founder Changpeng Zhao resigned due to the criminal charges. Uncertainty regarding extradition emerged, as Zhao currently resides in the United Arab Emirates. Binance’s influence…

Binance onboarded millions into finance but forgot the paperwork — Columbia professor

boss

Recent events surrounding the crypto exchange Binance sparked significant debate about the United States’ crackdown on crypto firms. According to Omid Malekan, adjunct professor at Columbia Business School and author, the Department of Justice’s approach in the case is very different from what is seen in traditional finance. “People who sincerely believe that crypto is some unique enabler of bad people doing bad things don’t understand how the rest of the financial system actually works,” Malekan wrote on X (formerly Twitter), adding that companies that follow Anti-Money Laundering best practices…

Binance founder and CEO plead guilty to federal charges

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A compliance employee of Binance—the world’s largest cryptocurrency exchange—allegedly wrote: “We need a banner ‘is washing drug money too hard these days—come to Binance we got cake for you.” According to court documents, Binance launched in 2017, at the heels of  the shuttering of Bulgaria-based bitcoin exchange BTC-e. It emerged as the largest digital asset platform in the world replacing BTC-e by prioritizing growth and profits over…

NFT Marketplace Altcoin Blur Leaps After Listing on Top Crypto Exchange by Trading Volume Binance

boss

A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world. In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons. According to Binance, BLUR will at first be available in the BLUR/BTC, BLUR/USDT and BLUR/TRY trading pairs. The announcement caused BLUR’s price to skyrocket, as the digital asset went from a seven-day low of $0.303 on November 20th to a…

Will Recent Binance Events Trigger This Historical Bitcoin Bull Run Signal?

boss

The recent events at cryptocurrency exchange Binance could trigger the next Bitcoin bull run if this pattern continues to form. Will Bitcoin Exchange Reserve Ratio Turn Around After Binance News? As explained by an analyst in a CryptoQuant Quicktake post, the BTC exchange reserve ratio for US versus off-shore platforms has followed a specific pattern during past bull markets of the asset. The “exchange reserve ratio” here refers to an indicator that compares the exchange reserves of any two platforms or group of platforms. The exchange reserve is the total…

Binance Legal Issues Could Worsen as CFTC Gets More Aggressive, Gains Access to Crypto Exchange’s Records

The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to resign as CEO. A settlement was reached to resolve this matter, resulting in a $50 million fine imposed on CZ (the former CEO) and a $4.3 billion payment to be made by Binance itself. With…

Binance Lists BLUR, Token Pumps Over 28%

The price of the BLUR token has reacted positively to the report of listing on Binance. Leading crypto exchange Binance has announced support for the BLUR token, adding it to the thousands of other cryptocurrencies that the platform already supports. According to the Friday announcement, spot trading for  BLUR/BTC, BLUR/USDT, and BLUR/TRY opens immediately at exactly 09:00 UTC. So, Binance has advised users to start depositing BLUR while they wait for trading to officially open. Withdrawals of the native token of Blur – the world’s largest NFT marketplace – however,…