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Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days
28.4.2024
The Naira recently depreciated by 12% in just seven days, thus shedding all the gains it made against the U.S. dollar in early April. Local media reports attribute the volatile naira’s latest drop to the growing mismatch between the supply and demand of foreign exchange. Demand and Supply Mismatch...
Liquid staking on BNB Smart Chain, millions stuck in DeFi bridge contracts: Finance Redefined
26.4.2024
Arkham Research notified DeFi wallet owners to look at the addresses and try to retrieve their funds, which have been stuck for months in bridge contracts
Binance wants the court to know US government’s position on USDC
26.4.2024
The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC
Price analysis 4/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
26.4.2024
Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction
Can BNB hit $650 by April’s end? The race is on!
26.4.2024
The Binance Coin (BNB), the significant token of the crypto exchange platform Binance, has demonstrated remarkable strength and growth despite the adverse crypto market. After the price bottomed at $512 on April 17th, BNB soared 18.4% and went above $607. This remarkable recovery has placed BNB...
Binance takes to burning more than $1.17 billion worth of BNB tokens
25.4.2024
Binance, a prime cryptocurrency exchange, has taken $1.17 billion worth of coins from circulation, amounting to 1.3% of the contained asset. For Binance, this is part of getting over its 27th quarterly BNB token burn exercise. This was not the burning of tokens related to the Pioneer Bum program. ...
Binance and OKX watch out: Fezoo’s presale with Toncoin & BNB holders signals strong market entry
25.4.2024
With the arrival of Fezoo Exchange, the longstanding dominance of established exchanges like Binance and OKX is about to be challenged. This innovative platform is attracting significant interest across the crypto markets, particularly from holders of two prominent cryptocurrencies: Toncoin (TON)...
REZ tokenomics statement on Binance depegs Renzo’s ezETH 18.3%
25.4.2024
The fall of the Renzo restaking token was within minutes before its ultimate recovery, and it trades below ether as of now. This trend is probably due to the user’s intention to exit ezETH after getting an idea about Renzo restaking token’s totally confusing distribution plan. Some crypto experts...
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
24.4.2024
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past
Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges
24.4.2024
The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and recommended that individuals interested...
Price analysis 4/24: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
24.4.2024
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip
Binance Founder CZ Apologizes and Accepts Responsibility in Letter to Judge
24.4.2024
Binance founder and former chief executive Changpeng "CZ" Zhao has penned a letter to the judge overseeing his case, expressing remorse for his actions and accepting full responsibility for his "poor decisions."
The post Binance Founder CZ Apologizes and Accepts Responsibility in Letter to Judge...
Prosecutors in the US are contemplating 3 years imprisonment for Zhao
24.4.2024
Prosecutors in the US strongly feel that the founder and ex-chief executive of Binance, Changpeng Zhao, deserves a three-year sentencing, as per a recent filing. In the opinion of the Department of Justice, Zhao’s illegal activities were intentional and deliberate. It was an act carried...
Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing
24.4.2024
Changpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month prison sentence for Zhao in connection with compliance failures at the cryptocurrency exchange. Changpeng...
Binance to phase down BNB Beacon Chain (BEP2) deposits
24.4.2024
The BNB Chain members have communicated that Binance will terminate all operations on the BNB Beacon Chain (BEP2) by June 2024. In line with this decision, Binance has set a deadline for all BEP2 token deposits, excluding Binance-pegged tokens (B-tokens), which must be completed by May 15, 2024,...
US Prosecutors Seek 36-Month Sentence for Binance’s Changpeng Zhao Over Legal Violations
24.4.2024
Federal prosecutors have recommended a 36-month prison sentence for Changpeng Zhao (CZ), the cryptocurrency exchange Binance’s former CEO, for U.S. law violations. Prosecutors contend Zhao’s deliberate non-compliance facilitated massive unlawful transactions, impacting national security...
Binance Founder Changpeng Zhao Apologizes Ahead of Sentencing, 161 Others Send Letters of Support
24.4.2024
Binance's founder and former chief executive, Changpeng "CZ" Zhao has apologised for his "poor decisions" and accepted "full responsibility" for his actions, in a letter to the judge overseeing his case
Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance
24.4.2024
The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify persons or entities transacting in or operating Bybit, KuCoin, OKX and Binance, according to contents of the letter seen by CoinDesk
Binance launches spot copy trading to enhance user trading experience
24.4.2024
In recent news on the Block, Binance plans to launch a spot copy trading feature that will enable users to mimic and carry out the same transactions as successful traders. Rohit Wad, the CTO of Binance, mentioned that this tool was developed in response to feedback from the community and...
Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering
24.4.2024
US prosecutors are pushing for a 3-year prison sentence for Binance founder Changpeng Zhao, who is set to be sentenced on April 30 in Seattle.
The post Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering appeared first on Cryptonews