Tag: Binance

Binance Recovers $73 Million in Stolen Cryptocurrency, Up 33%

boss

As of July 31 this year, Binance had recovered $73 million in stolen cryptocurrencies. This represents a notable 33% increase from the approximately $55 million secured in 2023. Recovering and Freezing Illegal Crypto Assets According to the crypto exchange giant, the platform’s security team has been at the forefront of recovering misplaced and lost funds and freezing ill-gotten gains that find their way onto the exchange. Binance has also reportedly collaborated with both industry peers and the public sector to ensure that affected users receive the necessary support. Approximately 80%…

Binance logged $1.2b inflows as crypto markets bounces back

Binance, crypto’s largest centralized exchange, saw $1.2 billion in net inflows as digital asset investors capitalized on a massive market drop caused by an unwinding yen carry trade. Bitcoin’s (BTC) rebound and a bounce in the broader cryptocurrency market spiked trading activity on CEX platforms like Binance in the last 24 hours. Binance CEO Richard Teng, citing DefiLlama data, said the crypto exchange recorded its highest single-day trading volume since the beginning of the year. Amid the macroeconomic climate and yesterday’s market downturn, #Binance recorded a net inflow of US$1.2…

Whale Transfers $4.2 Million PEPE To Binance

boss

Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Related Reading Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, a key threshold that has lately increased the downward pressure on PEPE’s price. A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour. The whale withdrew 795.92B $PEPE($2.55M at…

Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve

boss

Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the […] Original

Study: Europe Leads in Global Crypto Transaction Volume; Binance Remains Most Used Exchange

Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most […] Source CryptoX Portal

Binance Secures Approval To Invest US Customer Fiat Funds In US T-Bills, BNB Price Surges

boss

Binance has received court approval allowing it to invest customer fiat funds into US Treasury Bills (T-Bills) after a year of heightened scrutiny of Binance’s operations in the United States. The decision has resulted in a notable price recovery for the exchange’s native token, Binance Coin (BNB), pushing it toward the $600 level.  Court Grants Relief To Binance BAM Subsidiary A court filing reveals that BAM Trading Services and BAM Management US Holdings, collectively known as BAM, filed a motion seeking relief from a consent order. The court, upon consideration…

A Second Look at Third-Party Token Allegations in the SEC’s Case Against Binance

The SEC alleged that Binance in particular listed 10 tokens that it viewed as securities, as examples of how the exchange was violating federal securities laws by being a broker, dealer and clearinghouse: SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. In its motion to dismiss, Binance argued that the SEC couldn’t plausibly allege that they were securities, saying they didn’t meet the tenets of the Howey Test. Source

Binance analysts says ‘worst likely behind’ as Bitcoin trades near $65k

boss

Analysts at Binance Research say they remain “optimistic” about the market’s outlook, expecting upcoming catalysts to position the market “positively for the rest of the year.” The crypto industry may have already seen the worst of this year, according to Binance Research analysts, who said in a Friday report the “incremental negative impact” might be limited as Bitcoin (BTC) regained its positions lost during the harsh June. The analysts admitted that it has become “increasingly difficult to make profits in the current market environment,” referring to negative returns from newly…