Tag: Binance

US DOJ Prosecutors Divided on Money Laundering Case against Binance

The DOJ investigation showed that CZ had kept the financial records of Binance from the public. Popular cryptocurrency exchange Binance has denied the alleged probing by the US DOJ over a possible money laundering and criminal sanction violation. The prosecuting office in Seattle began the investigation in 2018 after some criminals used Binance to transfer illicit funds. However, the investigation detail resurfaces after members of the Justice Department reportedly split over the proceeding with the case. While about six members of the federal prosecutors believe the charges are enough to…

Here’s Why Everyone’s Excited about Big Eyes Coin and Why We Haven’t Seen Such Hype Since the Days of Binance Coin and Chain’s Release

Place/Date: – December 12th, 2022 at 3:41 pm UTC · 4 min read Source: Binance Coin (BNB): No Compromise on Quality Rank: 4th Capitalization: $59.8 billion Price: $299.3 Volume: $1.03 billion What can we say about Binance that hasn’t already been stated? BNB is perhaps the most impressive and complete platform presently. Released in 2017, Binance is currently the biggest cryptocurrency exchange in the market based on daily trading volume. There’s much more to BNB than its exchange service. The BNB ecosystem consists of solutions like Binance Smart Chain, Binance…

BTC price shakes off Binance ‘FUD’ as analysts eye Q1 2023 Bitcoin bottom

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Bitcoin (BTC) stayed steady near $17,000 at the Dec. 12 Wall Street open as news involving Binance failed to spark BTC price downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Factors line up to “scare” Bitcoin trade Data from Cointelegraph Markets Pro and TradingView showed BTC/USD avoiding fresh volatility as United States markets opened. Having traded sideways throughout the weekend, the pair offered few cues to analysts, who were waiting for U.S. macroeconomic data to shake up the status quo. This, in the form of the November Consumer Price Index…

US Prosecutors Look to Charge Binance and CZ for Possible Money Laundering Violations: Reuters

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How Dogeliens Is Building The Best DeFi Ecosystem Like Binance Chain And Axie Infinity

Place/Date: – December 11th, 2022 at 11:26 am UTC · 4 min read Source: Dogeliens Dogeliens is a meme coin in the family of dog tokens. It is both similar and different from meme coins like DOGE and Shiba Inu. To begin with, Dogeliens relies on a community to thrive. Such characteristic is common with meme coins. For example, Shiba Inu started at almost zero value and grew into billions of dollars due to a large community. Similarly, Dogeliens has spent years building values that can attract several thousand or…

Abnormal token price movements on Binance not hack-related, confirms CZ

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Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens. Nearly 40 minutes into the investigation, Binance CEO Changpeng ‘CZ’ Zhao revealed that the price movements “appears to be just market behavior.” On Dec. 11 at 3:10 am ET, Binance issued a notice about abnormal price movements for some trading pairs. The exchange began an investigation to narrow down suspicious accounts responsible for the issue. To investors’…

Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group – Bitcoin News

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This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange Crypto.com published proof-of-reserves records and the verification was also conducted by Mazars. Binance and Crypto.com Reveal POR Audits Two very large crypto exchanges provided proof-of-reserves (POR) documentation this week following the promises made by exchange executives after the FTX fiasco. The world’s largest crypto exchange, in…