Tag: Binance

Justin Sun Moves $100M To Binance, Stacking Ethereum?

Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred 100 million USDT to Binance, days after moving huge sums earlier this week. Justin Sun moves $100 million USDT to Binance | Source: Lookonchain via X Justin Sun Holds Millions Of ETH: Will The Co-founder Buy More? From February 12 to 24, a wallet associated with Sun acquired 168,369 ETH for an average price of $2,894. This purchase, valued…

Nigeria Detains Two Binance Executives, Crypto Platform Accused of Exchange Rate Manipulation

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Nigerian authorities have reportedly detained two senior executives from Binance who had recently arrived in the country. The Central Bank of Nigeria’s governor stated that in 2023 alone, $26 billion flowed through the cryptocurrency exchange from sources and users that the bank could not adequately identify. Passports of Binance Executives Seized Authorities in Nigeria have […] Source

Binance expands VIP program to attract traditional asset holders

Binance is changing its VIP program to attract investors from conventional trading sectors, offering them lower fees and other exclusive privileges.  Under the new program, prospective users can qualify for VIP status on Binance by combining trading volumes from cryptocurrencies and traditional assets, such as stocks, across various external trading platforms.  Binance continues efforts to captivate significant traders following a trend where notable financial institutions from Wall Street have scaled back their cryptocurrency dealings in the U.S. due to increasing regulatory scrutiny. Previously, to achieve VIP status, Binance clients were…

Binance and KangaMoon soaring, Chainlink is under pressure

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Binance Coin (BNB) and KangaMoon (KANG) are firm. KangaMoon recently hit an all-time high, and BNB is up by 30%. However, projects like Chainlink have seen significant declines.  These declines have caused Chainlink investors to diversify, and as a result, tokens like BNB and KangaMoon are seeing an uptick in new investors.  Chainlink under pressure Although it…

Polygon (MATIC) Whale Makes Large Deposit To Binance, Bearish Sign?

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On-chain data shows a Polygon whale has made a sizeable deposit to the cryptocurrency exchange Binance, a sign that may be bearish for MATIC. Polygon Whale Has Deposited $13.7M Worth Of MATIC To Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a massive MATIC transaction has been spotted on the blockchain during the past day. The transfer in question involved the movement of 13.1 million MATIC, worth almost $13.7 million in US Dollars, when the transaction went through on the network. Given the large scale of…

Binance Labs invests in PoS Bitcoin staking protocol Babylon Chain

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Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.  Babylon introduces a unique approach to staking Bitcoin directly on Proof of Stake (PoS) blockchains, allowing users to earn yields without relying on intermediaries like third-party custodians, bridge technologies, or wrapping services. This method offers PoS chains slashable economic security while providing Bitcoin holders a more fluid process for unbonding stakes, thus improving liquidity. Binance Labs has recently intensified its investment activities in the staking and re-staking domains,…

BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source