Tag: Binance

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

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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?

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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,…

Bitcoin, EOS, and BNB prices fall after Binance deal; InQubeta draws investors

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The Binance exchange aims for its native Binance Coin (BNB) to regain favor as a viable crypto investment following the resolution of its legal issues with the U.S. Securities and Exchange Commission (SEC).  The settlement involved Binance CEO Changpeng Zhao pleading guilty to violating U.S. anti-money laundering laws and agreeing to a $4.3 billion settlement, including a $50 million corporate penalty from Zhao’s private funds. The impact of this settlement is debated in crypto.  Meanwhile, Bitcoin (BTC) is stable after rallying, increasing interest in altcoins like InQubeta (QUBE) and EOS. …

New Binance CEO Richard Teng Says Exchange’s Fundamentals Are ‘Very Strong’ – Here’s What He Means

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The new Binance chief executive maintains that the embattled exchange’s business fundamentals remain “very strong” despite recent regulatory headwinds. Richard Teng, who previously worked as Binance’s head of regional markets, was promoted to the CEO position earlier this week after the company’s previous chief executive, Changpeng Zhao, resigned. Zhao stepped down after agreeing to plead guilty to violating US federal law that requires financial institutions to guard against money laundering and terrorist financing. The U.S. Department of Justice also slapped Binance with $4.3 billion worth of penalties and forfeiture after…

Is the Future of US Crypto Exchanges in Jeopardy? Binance Folds, but Kraken Holds Ground

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It appears that once again, the Securities and Exchange Commission in the US has a major crypto exchange in its sights, as it has filed a lawsuit charging Kraken, the 10th biggest centralized crypto exchange by spot trading volume, with operating as an unregistered securities broker, dealer, exchange and clearing agency, and with commingling customer assets with its own corporate assets. Chart From CoinGecko 2023 Q3 Crypto Industry Report The SEC’s complaint makes mention of the Howey Test for determining whether assets are investment contracts and can be regarded as…

FTX’s FTT token rallies 28% — Binance effect or FTX 2.0 reopening?

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Amid market uncertainties around Changpeng “CZ” Zhao’s departure as Binance CEO, defunct crypto exchange FTX’s native FTX Token (FTT) witnessed a brief bull run. FTT has surged in value over the past 48 hours, trading at $4.63 at the time of writing, a 28% increase from $3.56. FTT is experiencing another surge following Binance’s $4.3 billion settlement with the United States Department of Justice, according to on-chain analysis firm Santiment, which revealed the 10 largest wallets accumulating $12.8 million of tokens in 19 days. According to Santiment, FTT has recorded 337%…