To foster a healthier and more sustainable crypto ecosystem, Binance, the world’s largest cryptocurrency exchange, urged small and medium-sized crypto projects to address the prevalent trend of low float and high fully diluted valuations (FDV) on Monday. The exchange invites these projects to apply for its listing programs, emphasizing the importance of solid fundamentals and…
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BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi). Backed by Binance, the startup’s ambitious plan involves enhancing infrastructure and introducing new products while maintaining Bitcoin’s core technology. BounceBit Unveils Plans for Bitcoin Democracy By Blending Centralized and…
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The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto as a macroeconomic risk, highlighting concerns about tax evasion and fiscal stability. SEBI…
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Tigran Gambaryan, the Binance executive detained in Nigeria, was denied bail on his 40th birthday, according to a court hearing in Abuja on Friday. According to Nigerian media outlet Punch News, Judge Emeka Nwite ordered the crypto exchange’s Head of Compliance to stay in prison, citing his potential to jump bail if granted. Nigerian Binance…
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The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the past day. $120M in Crypto Positions Liquidated as Bitcoin Climbs Above $67K Bitcoin short…
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Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering. The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million, the exchange said in a press release shared with CryptoNews. Per the announcement,…
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A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase…
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The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering regulations and sanctions. Bloomberg’s Ava Benny-Morison and Chris Strohm were the first to report this development. Known for its expertise in fraud investigations and…
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Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India…
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The Financial Intelligence Unit of India (FIU-IND) revealed on May 10 that Binance and KuCoin successfully registered with the regulatory body on May 10. It should be noted that these two exchanges were among several offshore entities that were banned last year, which included Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. Crypto Exchanges Gain…
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