Fun

News Feed - 2023-11-21 01:11:04

Brayden Lindrea4 hours agoBNB pops after report that DOJ wants $4B settlement with BinanceBNB hit its highest price since June after Bloomberg reported the U.S. Justice Department wanted $4 billion from Binance to end its probe into the exchange.1972 Total views17 Total sharesListen to article 0:00NewsJoin us on social networksBNB (BNB) has gained over 7% in the last 24 hours after Bloomberg reported that the United States Department of Justice (DOJ) is contemplating a $4 billion settlement with Binance to resolve its investigation into the company.


Cointelegraph Markets Pro shows BNB spiked 6% to $262 in the 30 minutes after Bloomberg’s Nov. 20 report, which said Binance was negotiating an agreement to resolve a DOJ probe into alleged sanctions violations, money laundering and fraud.


BNB dropped to $252 around four hours later but notched a second spike to $266, which was its highest price since June 7, two days after the Securities and Exchange Commission sued Binance and CEO Changpeng “CZ” Zhao, alleging securities law violations.BNB has seen an over 7% gain in the last 24 hours. Source: Cointelegraph Markets Pro


The Binance-issued token has the highest 24-hour price increase among the 75 largest cryptocurrencies by market cap. BNB is currently the fourth largest token, with a market cap of over $40 billion.BNB market cap +$4b from the post headline low pic.twitter.com/6T6y3EveLF— Hsaka (@HsakaTrades) November 20, 2023


Despite the recent price pump, BNB is down 61.4% from its May 10, 2021, all-time high of $686 but has gained 6.5% year-to-date.


Related:Binance launches Web3 wallet for its 150M registered users


One settlement scenario sees Binance pay the 10-figure fine and be allowed to keep operating in the U.S. in compliance with certain conditions.


An announcement of a potential agreement could come as soon as the end of the month, Bloomberg reported.


If Binance pays up, it will be one of the largest penalties ever paid in a criminal cryptocurrency case.


Magazine:Deposit risk: What do crypto exchanges really do with your money?# Altcoin# Business# SEC# Changpeng Zhao# Department of Justice# Tokens# Binance# Binance Coin# RegulationAdd reactionAdd reactionRead moreHow to manage crypto losses on tax returns in the US, UK and CanadaHistory tells us we’re in for a strong bull market with a hard landingCoinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

News Feed

xSigma Recruits Former Ripple Engineer to Join xSigma DeFi
xSigma Recruits Former Ripple Engineer to Join xSigma DeFi PRESS RELEASE. ZK International Group Co., Ltd.(Nasdaq: ZKIN ) (“ZKIN”, “ZK Internat
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, followi
Crypto service provider regulations set out in Estonian bill
Derek Andersen2 hours agoCrypto service provider regulations set out in Estonian billCrypto firms are only subject to AML regulation in Estonia, but a new bill would bring Estonia into conformity with MiCA.658 Total view
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
Uncertainty Surrounds Federal Reserve"s Future Plans for Rate Hikes The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many
Hong Kong’s SFC issues warning against MEXC
Zoltan Vardai12 hours agoHong Kong’s SFC issues warning against MEXCThe financial watchdog’s warning comes a day after it cautioned investors about Bybit exchange.1424 Total views7 Total sharesListen to article 0:00N
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests Most institutional investors look forward to adding digital assets to their portf
Gareth Jenkinson14 hours agoBitcoin Depot Q2 revenue jumps 18% YOY, eyes growth after Nasdaq listingBitcoin Depot records $197.5 million in revenue in the second quarter of 2023, spurred on by partnerships with various U
Janet Yellen Clarifies Her Stance on Bitcoin — Promises ‘Effective’ Crypto Regulation
Janet Yellen Clarifies Her Stance on Bitcoin — Promises "Effective" Crypto Regulation Joe Biden’s pick to become the new U.S. Treasury Secretary, Janet Y
The Many Facts Pointing to Adam Back Being Satoshi
The Many Facts Pointing to Adam Back Being SatoshiDuring the last year, news.Bitcoin.com created a series that shows the many facts that point to certain individuals who might just
ChatGPT voorspelt: Welke crypto kopen vandaag? Top 3 beste crypto’s om nu in te investeren voor 2025
De cryptomarkt blijft zich in een hoog tempo ontwikkelen en investeerders zijn dan ook continue op zoek naar de meest veelbelovende activa om aan hun portfolio toe te voegen. Nu Bitcoin met zijn schommelingen weer eens b
Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday
Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose
Tom Mitchelhill4 hours agoChatGPT creator OpenAI examines producing AI chips in-house: ReportOpenAI reportedly weighed up a chip making firm as an acquisition target so it could produce its own AI chips.898 Total views6