Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX

The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned, controlled, or operated WazirX and that it was not involved in the compromised wallet, contrary to speculation. “The WazirX team and Nischal Shetty continue to mislead WazirX customers and the market regarding the relationship between WazirX and Binance. Binance has not owned, controlled, or operated WazirX at any time, including before, during, or after the July 2024…

Bitcoin (BTC) Price Up 5% to $61K Ahead of Fed, but Binance Order Books Suggest Rally Could Be Capped

The dynamics are not necessarily that straightforward, as the prospect of larger cuts could cause a panicky reaction for risk asset prices, K33 Research analysts noted. “Similar large cuts occurred during the 2001 and 2007 recessions, often signaling heightened recession risks in the U.S,” K33 Research said in a Tuesday report. However, those historical comparisons could be misleading, as real rates are at their peak with inflation coming down over the past months allowing a speedier pace of cuts, the report added. Market participants currently see the fed funds rate…

Binance Top Traders Go Short On Bitcoin At $60,000, What’s Going On?

Este artículo también está disponible en español. Crypto analyst Ali Martinez has revealed the bearish sentiment among Binance’s top traders towards Bitcoin. This development suggests that the flagship crypto might soon experience significant downward pressure.  Binance Top Traders Are Shorting BTC Martinez revealed in an X (formerly Twitter) post that 51.41% of the top traders on Binance are shorting Bitcoin. This indicates that these traders expect the flagship crypto to experience a price decline despite its recent recovery above $60,000. Indeed, BTC started this week with a price correction, dropping…

Best Binance Referral Code You Can Get

Este artículo también está disponible en español. Binance is offering an exclusive opportunity for new users to earn a $100 trading fee rebate voucher just by signing up using our special referral code VA05III2 and making a deposit of $50 or more within 14 days. Click hereto register now and claim your reward! Our Binance referral code “VA05III2” is automatically applied, making it easier than ever to start trading with lower costs. Why Use Our Binance Referral Code VA05III2 There are several compelling reasons to sign up using a good…

Polygon Soars 16.6% As Binance Completes POL Token Migration

Este artículo también está disponible en español. The Polygon Network recently underwent a technical upgrade to migrate their native token from MATIC to POL. Following the migration, the new token’s price struggled to gain momentum, failing to reclaim the $0.39 resistance level. However, Binance’s recent listing of POL has pumped its price above key levels. Related Reading Binance Completes Polygon Token Migration On Friday morning, global exchange Binance completed the token migration from MATIC to POL. The exchange had stated it would support Polygon’s token swap by delisting all MATIC…

US Urges Nigeria to Release Jailed Binance Employee, Considers ‘Wrongfully Detained’ Designation

The U.S. is urging Nigeria to release Tigran Gambaryan, a jailed Binance employee, due to humanitarian concerns. This has become a major point of tension in U.S.-Nigeria relations. U.S. officials say Gambaryan’s health issues warrant his release, while his family claims he’s denied proper medical care. Nigeria denies these claims and insists the courts will […] Source CryptoX Portal

Polygon’s POL Price Jumps 15% as Crypto Exchange Binance Completes Migration From MATIC

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