Tag: Binance

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…

Kevin O’Leary Says New Crypto Exchange Will Compete With Binance, Become the Largest Ever To Be Regulated

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Shark Tank star Kevin O’Leary says a new crypto exchange is coming that will take business away from the industry’s leading giants. In a new interview with Fox Business, the venture capitalist says the days of the “crypto cowboy” are long gone. O’Leary says that a new firm based in Abu Dhabi called M2 will become the largest “regulated” crypto exchange in the world, backed by billions in capital with connections to large institutional players. “The age of the crypto cowboy, those days are over… We have the pending announcement,…

What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

According to on-chain data, the attacked wallet received $26 million from another Binance hot wallet called “Binance 16” on Nov. 5. This may speak to and against the Binance Insider theory, in that someone at Binance may be privy to know the wallet was recently topped up but also that, because Binance is a prime target for attacks, being something as a trophy for hackers, being the largest exchange and all, it’s likely the exchange’s hot wallets are monitored closely by would-be hackers. Source

Altcoin Project Skyrockets Over 200% Amid Support From Crypto Exchange Binance

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A six-month-old altcoin project is soaring after earning surprise support from crypto exchange Binance, the largest digital asset exchange in the world. After Binance announced on November 7th that it was listing ORDI for trading, the new token soared from $7.43 to a high of $23.80, a 220% increase. ORDI tokens, which adhere to the “BRC-20” token standard, are tradable coins that use the Ordinal Protocol to inscribe information into satoshis, the smallest unit of value on the Bitcoin (BTC) blockchain. The project was launched by an anonymous user in March…