Tag: Binance

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Billionaire Mike Novogratz’s Surprising Reason for Endorsing Binance, Urges Success for CEO CZ – Here’s What You Need to Know

The industry and its participants need the major crypto exchange Binance and its loyal retail following, said Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, Speaking to Real Vision Crypto, Novogratz commented on the announcement of charges against a crypto company made by the US Department of Justice earlier…
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Stablecoin Economy Sheds Another $3 Billion in 44 Days

The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month…
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Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit

The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day. Litecoin’s Computational Power Climbs 38% in 30 Days A significant amount of hashrate…
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CZ predicts ‘existential implications’ for anti-crypto traditional finance

While the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades. As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng “CZ” Zhao believes this move could potentially have…
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Binance Stablecoin BUSD Loses $2 Billion in Market Cap in a Month – What’s Going On?

The Binance USD (BUSD) stablecoin continues to lose ground versus other stablecoins, and has over the past month lost as much as $2bn in market capitalization. At its low on Wednesday this week, BUSD’s market cap touched $15.3bn, down more than $2bn compared to the $17.5bn market cap it had on the same date in…
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Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB)…
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Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough

Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1. Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly…
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FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies

The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S. government entities, such as the…
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Several Crypto Exchange Websites Taken Down in Kazakhstan

Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled…
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Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next

Attackers hacked into major US online trading platform Robinhood’s social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked…. Read More: Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next  Read more…
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