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Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 Days
10.3.2024
The volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by $26.85 billion in the last two months. LSD Market Flourishes:...
Binance Coin (BNB) and Shiba Inu (SHIB) investors embrace DeeStream (DST) presale craze: A shift in crypto investment trends
9.3.2024
The crypto market is in extreme greed according to the Fear and Greed Index, with major holdings like Binance Coin (BNB) and Shiba Inu (SHIB) seeing bullish activity. Binance Coin (BNB) and Shiba Inu (SHIB) have been in a march all year towards their all-time highs, with hopes of surpassing them....
Investors Get Green Light to Pursue Class Action Against Binance
9.3.2024
A group of investors who sought to sue cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case.
The post Investors Get Green Light to Pursue Class Action Against Binance appeared first on Cryptonews
Bitcoin Futures Market Attracts Unprecedented Open Interest as Derivatives Appetite Grows
8.3.2024
The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing...
Appeals Court Revives Aspiring Class Action Lawsuit Against Binance
8.3.2024
A Friday ruling doesn't make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are
Smog Price Prediction Parabolic After 70% Gains, Next New Binance Listing?
8.3.2024
Traders are wondering if this Solana meme coin could follow in the footsteps of DogWifHat after a significant 70% price increase. As SMOG’s price analysis indicates buying opportunities still exist, speculation is rife that a potential Binance listing could catalyze further gains. This...
'Groundhog Day' in Crypto as Bitcoin Again Plunges Following New Record
8.3.2024
Bitcoin briefly rose above $70,000 Friday, but immediately tumbled to $67,000, repeating Tuesday's action
Binance’s ‘Crypto Perfume’ for Women Receives Industry-Wide Criticisms
8.3.2024
The core reason for the release of a crypto scent is “to encourage more women to learn and explore the world of cryptocurrency.”
The post Binance’s ‘Crypto Perfume’ for Women Receives Industry-Wide Criticisms appeared first on Cryptonews
Embattled Binance Discontinues Nigerian Naira Services — Users Urged to Convert NGN Balances
8.3.2024
Binance, one of the leading crypto exchanges, has said it will discontinue all Nigerian naira services on March 8. The crypto exchange’s decision to drop trading pairs that feature the naira follows weeks of attacks and an official crackdown on its Nigerian operations. Crypto experts like...
WIF Whales Buying SMOG Token in Meme Coin Frenzy, Binance Listing in View After New ATHs
7.3.2024
Solana-based meme coin $SMOG’s price powered 60% higher overnight as the Asian buying frenzy continues and rumors of a Binance listing abound.
The post WIF Whales Buying SMOG Token in Meme Coin Frenzy, Binance Listing in View After New ATHs appeared first on Cryptonews
Binance.US Revenue Plummets 75% Amid Fallout from SEC Lawsuit
7.3.2024
Binance.US lost three-quarters of its revenue after the SEC sued it, according to a new legal filing of a deposition in December 2023 by Chief Operations Officer Christopher Blodgett. “Our trading volumes and business more generally have imploded,” said Blodgett after the SEC froze Binance.US’...
Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still Accessible
7.3.2024
The Philippine National Telecommunications Commission (NTC) has initiated the blocking of websites belonging to crypto companies offering investment products without the necessary licenses in the country.
The post Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still...
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
Binance Receives Cyber Security Professional Award from Hong Kong Authorities
6.3.2024
The Hong Kong government recognized Binance with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape.
The post Binance Receives Cyber Security Professional Award from Hong Kong Authorities appeared first on Cryptonews
How the SEC's Recent Win May Play in Its Coinbase, Binance Cases
6.3.2024
A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission's motion for a default ruling
Binance Suspends Solana Withdrawals Amid High Transaction Volume
6.3.2024
Binance, the world's largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an "increased volume of transactions."
The post Binance Suspends Solana Withdrawals Amid High Transaction Volume appeared first on Cryptonews
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
6.3.2024
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing
5.3.2024
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday
Bitcoin Tumbles 6% After Hitting Record High as Mounting Sell Orders Cap Price Gains
5.3.2024
Bitcoin's new all-time high at $69,200 on Tuesday was short-lived as heavy selling pressure sent the largest cryptocurrency tumbling to below $65,000