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Crypto Market In Overdrive: Spot Trading Volumes Spike, Binance Web Traffic Soars
Monday, December 11, 2023 - 4:28pm | 477The cryptocurrency market experienced a notable surge in trading activities in November, with major exchanges seeing a substantial increase in both spot and futures trading volumes. What Happened: In an impressive month-over-month growth, spot trading volumes on major exchanges jumped by 60% in...
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VanEck's Predictions Include Bitcoin ETF Boom, Binance Losing Top Spot, Stablecoins Surging To $200B
Friday, December 8, 2023 - 12:56pm | 549Asset management giant VanEck released a comprehensive forecast for the cryptocurrency market in 2024, projecting significant developments and shifts. Key among these predictions was the expectation that more than $2.4 billion would flow into Bitcoin (CRYPTO: BTC) ETFs, leading to a record...
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Binance's BNB Token Holds On To Top 5 Cryptocurrency Spot, But Misses Out On Bitcoin Rally
Thursday, December 7, 2023 - 3:54pm | 465As the crypto world rejoiced in the surge of Bitcoin, Ethereum, and various meme coins, Binance's BNB token experienced a sense of missing out, failing to enjoy the upward trend of gains that the wider cryptocurrency market was witnessing. What Happened: After the crypto exchange Binance...
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Binance Tips Off 'VIP' Traders About $4B Settlement With The US Government: Report
Friday, December 1, 2023 - 11:46am | 417In September, during a conference in Singapore, key traders of Binance (CRYPTO: BNB) were briefed about the company's impending settlement with U.S. authorities. The message was clear at a luxurious private dinner hosted by Binance in Singapore: the world's largest crypto exchange...
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Bitcoin's Retail Revolution: Will Small Investors Drive The Future?
Wednesday, November 29, 2023 - 7:01pm | 570A new research report shed light on the ownership landscape of Bitcoin (CRYPTO: BTC), revealing a substantial majority of Bitcoin holders were small investors, with approximately 74% of Bitcoin addresses holding less than 0.01 BTC. The study, by Grayscale Research, titled "Demystifying Bitcoin...
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SoFi Retreats From Digital Assets, Will Cease Opening New Crypto Accounts: Report
Wednesday, November 29, 2023 - 2:28pm | 324SoFi Technologies Inc. (NASDAQ: SOFI) is withdrawing from the cryptocurrency market. What Happened: The San Francisco-based firm informed its crypto customers on Wednesday about the necessity to either liquidate their accounts or transfer them to crypto exchange Blockchain.com, Bloomberg,...
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Crypto Exchange OKX Launches In Brazil, Targets Latin America's Largest Market
Monday, November 27, 2023 - 1:15pm | 412OKX on Monday announced the launch of its crypto exchange and Web3 wallet services in Brazil to offer traders a platform for trading a wide array of cryptocurrencies, along with options such as staking rewards and DeFi integrations. The platform will support Brazilian Real (BRL...
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Binance Founder Zhao Defies US Government's Flight Risk Accusations
Monday, November 27, 2023 - 11:07am | 411Former CEO of crypto exchange Binance (CRYPTO: BNB) Changpeng Zhao is contesting the U.S. government's attempt to modify his bail terms. In a fresh legal document, he challenged the notion that he poses a flight risk, despite holding citizenship in two other countries, including...
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Binance Settlement Bolsters Bitcoin, Ether On Heels Of Changpeng Zhao's Resignation
Wednesday, November 22, 2023 - 3:14pm | 344The cryptocurrency market has been in a state of flux following the recent news surrounding Binance and Changpeng Zhao's resignation as CEO. At the time of writing, Bitcoin (CRYPTO: BTC) is priced at $37,346.50, up 4.46%. Ether (CRYPTO: ETH) is priced at $2,070.85, up 7.11%. Also Read: ...
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EXCLUSIVE: Changpeng Zhao's Exit, Binance's $4B Fine — A Wake-Up Call For Crypto, Or A Death Knell For The Industry?
Wednesday, November 22, 2023 - 3:04pm | 609The world of cryptocurrency has been shaken by recent events surrounding Binance (CRYPTO: BNB), one of the largest and most influential crypto exchanges globally. The exit of its CEO Changpeng Zhao and a staggering $4 billion fine have sent ripples through the industry. Benzinga...
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Binance's $4B Crypto Debacle With DoJ Could Result In CEO Facing Charges: Report
Monday, November 20, 2023 - 2:17pm | 505The U.S. Department of Justice is currently in discussions with crypto exchange Binance Holdings Ltd. (CRYPTO: BNB) over a potential resolution to an extensive investigation. What Happened: The allegations against Binance include money laundering, bank fraud, and sanctions violations....
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Blockchain Data Revolution: Taming The Beast Of Fragmented Global Exchanges
Monday, November 20, 2023 - 2:16pm | 603Blockchain experts recently delved into the complexities and opportunities of harnessing blockchain data in today's market and discussed the challenges of handling fragmented blockchain data across numerous global exchanges last week at the Benzinga Future of Digital Assets...
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Tether, OKX Strike At 'Pig Butchering' Scam With $225M Freeze
Monday, November 20, 2023 - 1:01pm | 419Stablecoin issuer Tether (CRYPTO: USDT), in collaboration with crypto exchange OKX, Monday announced the freezing of approximately $225 million in USDT tokens that were identified in external self-custody wallets linked to a Southeast Asian human trafficking syndicate involved in a...
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Coindesk Finally Sold, Becomes Crypto Billionaire's 'Best Investment'
Monday, November 20, 2023 - 11:50am | 412Bullish, a cryptocurrency exchange led by former NYSE President Tom Farley, announced the purchase of 100% of CoinDesk Monday from Digital Currency Group in an all-cash deal. What Happened: Post-acquisition, the crypto-focused media company will operate as an independent...
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Kronos Research Crypto Hack — Trading Resumes After $25M Ether Token Theft
Monday, November 20, 2023 - 11:43am | 373Taiwanese trading firm Kronos Research reported unauthorized access to some of its API keys, leading to an estimated loss of over $25 million. The breach, which occurred over the weekend, prompted a temporary halt in trading activities as the firm conducted a thorough investigation....