Tag: Binance

Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD – Market Updates Bitcoin News

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Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar with the matter. Moreover, while a number of crypto assets have risen in value this past week, Binance’s exchange token has slid roughly 6.9% against the U.S. dollar over the last seven days. Binance’s BNB Takes a Hit from the Speculation Surrounding the World’s Largest Crypto Exchange…

Crypto Firm Binance Refutes Allegations Of Money Laundering

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The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks include fraud and criminal activities. More recently, during the crypto winter of 2022, some catastrophic events led to negativity among crypto users. The collapse of FTX – one of the world’s largest exchanges, was a pivot point sending shockwaves throughout the crypto world. Since the event, individuals and bodies have called for crypto regulation. Some individuals now prefer to…

Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’

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Bitcoin (BTC) withdrawals from largest crypto exchange Binance have passed $500 million in the past 24 hours as its CEO calls out “FUD.” Data from on-chain monitoring resource Coinglass shows Binance’s BTC balance decreased by over 30,000 BTC into Dec. 13. CZ: FUD is “thoroughly annoying” The latest hotspot for fallout from the FTX debacle, Binance has joined exchanges seeing an exodus of user funds. According to Coinglass, users withdrew 30,300 BTC ($515 million) in the 24 hours to the time of writing, this accounting for the majority of the…

Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’

Bitcoin (BTC) withdrawals from largest crypto exchange Binance have passed $500 million in the past 24 hours as its CEO calls out “FUD.” Data from on-chain monitoring resource Coinglass shows that Binance’s BTC balance decreased by over 30,000 BTC into Dec. 13. CZ: FUD is “thoroughly annoying” The latest hotspot for fallout from the FTX debacle, Binance has joined exchanges seeing an exodus of user funds. According to Coinglass, users withdrew 30,300 BTC ($515 million) in the 24 hours to the time of writing, this accounting for the majority of the…

Binance Refutes Report That DoJ Considers Suing the Crypto Exchange

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According to a report, the US Department of Justice is considering filing charges against Binance and several of its officials as part of a lengthy investigation. Binance has denied this news. In a tweet posted on Monday, the official Binance Twitter account made reference to the “wrong” Reuters report and pointed readers to the whole statement it provided to the news outlet on the subject. Changpeng “CZ” Zhao, the CEO of the company, later tweeted this. Reuters has it wrong again. Now they’re attacking our incredible law enforcement team. A…

Binance Investigating Abnormal Price Movements on Crypto Exchange, Locks Withdrawals on Some Accounts

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The world’s largest crypto exchange says it is probing certain accounts after noticing abnormal trading behavior on its platform. Binance says it is taking precautionary measures after noticing atypical activity involving the altcoins Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUN Token (FUN) and Golem (GLM). “We are aware of the abnormal price movements for certain trading pairs on Binance, involving assets such as SUN, ARDR, OSMO, FUN and GLM. Our team is investigating and taking appropriate actions in regards to the suspicious accounts.” Binance CEO Changpeng Zhao says the…