Binance Archives

Crypto Whales Buy The Dip As $22 Million In XRP Flows Out Of Binance

July 9, 2024 boss

XRP is starting to recover after bouncing off $0.405 on July 5, suggesting the early stages of a rebound may be brewing. The crypto market has been volatile lately, and XRP hasn’t been spared. The crypto’s price took a dip recently, dropping below $0.40 for the first time in over a year. It is interesting to note that on-chain data suggests that some whales may be accumulating in anticipation of a major comeback, which may even be responsible for the bounce off of $0.40. XRP Whales Buying The Dip? Various…

Nigerian Witness Says Binance Users Operate Under False Identities

July 8, 2024

A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance is in violation of local laws. Money Laundering Charges A deputy […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Nigerian Prison Officials Deny Binance Employee Tigran Gambaryan is Seriously Ill

July 7, 2024

According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. However, the prison authorities have denied these claims, stating that Gambaryan is receiving proper care and […] Source CryptoX Portal

Binance US Confident in Legal Battle Against SEC as Case Moves Forward

July 4, 2024

Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to […] Source CryptoX Portal

Binance Executive Tigran Gambaryan’s Health Deteriorates in Jail as Nigeria Trial Proceeds

July 2, 2024

“As I have stated many times before and as the evidence in court is showing, Tigran has never been a decision-maker at Binance, and there is no justification for his continued detention,” Yuki Gambaryan, Tigran’s wife, said. “It is time for the Nigerian authorities to do the right thing and release my innocent husband.” Source

Crypto Exchange Binance Takes Action Against Account Misuse

June 30, 2024

Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered for verified misuse reports. Binance Cracks Down on Account Misuse to Uphold Compliance Cryptocurrency […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC’s Case Against Binance Moves Forward With Major Allegations Intact

June 29, 2024

The U.S. District Court for the District of Columbia has issued an order in the SEC’s case against Binance and its founder Changpeng Zhao. The court allowed most claims to proceed, including those related to unregistered crypto sales and fraudulent practices, while dismissing some claims related to BUSD and secondary BNB sales. Some Charges Against […] Source CryptoX Portal

U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge

June 29, 2024

In a late Friday order, Judge Amy Berman Jackson, of the District Court for the District of Columbia, ruled that the SEC’s charges against Binance for the initial coin offering and ongoing sales for BNB, BNB Vault, staking services, failure to register and fraud charges can proceed. She granted Binance and Zhao’s motion to dismiss charges tied to secondary BNB sales and Simple Earn. Source

Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity

June 27, 2024 boss

A rare “Satoshi era” Bitcoin miner address woke up after being dormant for 14 years, sending over $3 million worth of BTC to Binance. An early Bitcoin miner moved 50 BTC, equivalent to $3.05 million, marking a rare transaction from the “Satoshi era.” According to data from Lookonchain, the address 1PDTD…m3Jcm sent the funds to Binance on Jun. 27. Blockchain transaction history indicates that the miner obtained 50 BTC in July 2010, a few months after the Bitcoin network launched. A miner wallet woke up after being dormant for 14…

Binance CEO Richard Teng Says Crypto Exchange Has Frozen $5,300,000 in Digital Assets Linked to BtcTurk Hack

June 24, 2024 boss

Binance CEO Richard Teng says the world’s largest crypto exchange is helping in the probe of hacked Turkish cryptocurrency market BtcTurk. In a post on the social media platform X, Teng says that Binance is assisting BtcTurk in the investigation and has so far frozen over $5.3 million worth of the stolen crypto assets. “Our investigations and security teams work around the clock as part of our proactive efforts to protect the ecosystem from bad actors. We will provide further updates as relevant.” BtcTurk, one of Turkey’s largest crypto exchanges,…