Tag: Report

Binance VIP traders got sneak peak of US settlement: Report

boss

Executives of cryptocurrency exchange Binance reportedly gave a heads-up to its top market makers regarding a potential $4.3-billion settlement with authorities in the United States. According to a Dec. 1 Bloomberg report, Binance traders at an exclusive September dinner in Singapore were informed about a tentative deal the crypto exchange had with U.S. officials — roughly two months before the details were made public. Some Binance executives reportedly told certain traders at the event that the exchange could easily afford the $4.3-billion penalty to stay in business. Then Binance CEO…

Matrixport Report: Bitcoin Price to Hit $125,000 by End of 2024 

According to Matrixport, Bitcoin would rise close to its current all-time high by April, and hit $125K by end of 2024. Matrixport’s latest report predicts that the price of Bitcoin (BTC) will hit $125,000 by the end of 2024. The firm’s analysis hinges on a combination of historical data and market trends. These factors indicate the potential for a surge in price for the world’s leading cryptocurrency. Backed by insights into Bitcoin’s fifth bull market, Matrixport’s prediction adds to many other optimistic projections, emphasizing several factors. These factors include institutional interest, macroeconomic…

Terraform Labs, Do Kwon Lose Attempt to Have Singapore Class-Action Suit Thrown Out: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Tiger Global marks down stakes in BAYC and OpenSea: Report

boss

Investment firm Tiger Global has reportedly marked down several investments, including stakes in popular nonfungible token (NFT) projects like the Bored Ape Yacht Club (BAYC) collection and NFT marketplace OpenSea.  Citing anonymous sources, media outlet Bloomberg reported that the investment company marked down its stakes on BAYC by 69% and on OpenSea by 94%. In addition, the company also slashed valuations for multiple other portfolio companies, according to the report. Cointelegraph reached out to Tiger Global for comments but did not get an immediate response.  Tiger Global has been actively investing…

Capital flight from Binance subsides: Report

boss

It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3-billion settlement with the United States Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multichain tokens, which includes Ether (ETH), BNB (BNB), Avalanche’s AVAX (AVAX) and Polygon’s MATIC (MATIC), totaled $59.2 million during the same period. In the initial aftermath of the $4.3-billion settlement, Binance users withdrew more than $1…

SEC still looking for potential FTX-style fraud at Binance.US: Report

boss

The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal. In June, the SEC filed a lawsuit against Binance and Binance.US, alleging that the exchange was involved in the sale of unregistered securities and accused Binance and its founder of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law.…

Hamas And Hezbollah Pick Tron Instead Of Bitcoin In Crypto Shift, Report

TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as Hamas and Hezbollah, which are designated terrorist organizations by the US, UK, and other countries. According to a Reuters report, this development has opened a new front in Israel’s battle against the funding of alleged Iranian-backed militant groups. Tron Wallets Targeted In Israeli Seizures According to the report, a comprehensive analysis of crypto seizures announced by Israeli security services since 2021 highlights a significant increase in targeting TRON…