Binance Launches Onchain Yields With Bitcoin Staking

December 6, 2024 Bitcoin.com

Binance

Binance is doubling down on its commitment to bridging traditional finance and defi with the introduction of Babylon bitcoin staking. Earn Passive Income By Staking Bitcoin on Binance Binance has unveiled its latest offering for decentralized finance (defi) with onchain yields through Babylon bitcoin Staking. The announcement stated that this initiative aims to provide users […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

SEC defends amended suit against Binance, CZ over securities claims

December 5, 2024 Coin Telegraph

Binance

In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court.

The United States Securities and Exchange Commission (SEC) has responded to a motion for the dismissal of its amended suit against cryptocurrency exchanges Binance and Binance.US and former Binance CEO Changpeng Zhao alleging they operated an unregistered securities exchange. The allegation is based on the sale of ten cryptocurrencies on the secondary market intermediated with the exchange’s BNB coin.

The SEC filed an amended complaint after Judge Amy Berman Jackson in the US District Court for the District of Columbia questioned the reasoning in a complaint making the same allegations. The Binance exchanges and Zhao filed a motion for the dismissal of the complaint on Nov. 4.

The SEC’s Memorandum of Law opposing the motion to dismiss responds to their claim that the SEC complaint does not plausibly produce facts to satisfy the Howey test. The memorandum discusses each prong of the test and reiterates the SEC’s position on them.

Bitcoin ETFs flip gold funds in AUM: K33 Research

BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

December 5, 2024 Bitcoin.com

Binance

BNB hit a new all-time high of $794 on Wednesday with analysts predicting a run to $1,000 could be on the cards. BNB Rallies Strong BNB, the native token of Binance’s BNB Chain has seen an exponential price increase over the past 24 hours, reaching a new all-time high of $794. Data from the BNB/USDT […]

Bitcoin ETFs flip gold funds in AUM: K33 Research

Binance, WazirX among crypto firms evading taxes in India, says gov’t

December 4, 2024 Coin Telegraph

Binance

India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

The Indian government has detected a significant amount of unpaid goods and service taxes (GST) by major cryptocurrency exchanges, including Binance and WazirX.

India’s Minister of State for Finance, Pankaj Chaudhary, said the government has found 824 crore Indian rupees ($97 million) in GST in unpaid taxes by several crypto exchanges, The Economic Times reported on Dec. 3.

Authorities have reportedly initiated multiple related investigations into crypto exchanges, including WazirX, CoinDCX and CoinSwitch Kuber.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Binance leads crypto exchanges in Bitcoin deposits in 2024

December 3, 2024 Coin Telegraph

Binance

Average Bitcoin and USDT deposits across crypto exchanges escalated over the year, indicating a rise in institutional demand for digital assets.

Cryptocurrency exchanges have seen a sharp increase in average deposits in 2024, driven by larger purchases from professional and corporate investors.

According to a Dec. 3 analysis by CryptoQuant, Binance saw its average daily Bitcoin (BTC) deposit rise by 2.77 BTC over the year, outpacing competitors like Kraken and Coinbase — with average daily deposits up by 0.56 BTC and 0.41 BTC, respectively.

Data across exchanges shows that average Bitcoin deposits escalated from 0.36 BTC in 2023 to 1.65 BTC in 2024, while deposits with Tether (USDT) stablecoin surged from $19,600 to $230,000, indicating growing participation from institutional investors and market makers inflows to exchanges.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Raoul Pal Says Coinbase, Binance and Others Part of ‘Glorious’ Change Amid Exponential Trend of Self-Investing

December 3, 2024 The Daily Hodl

Binance

Former Goldman Sachs executive Raoul Pal thinks exchanges and other crypto intermediaries are giving power to individuals to revolutionize their finances. Pal recently polled his one million followers on the social media platform X, asking whether their personal portfolios outperformed or underperformed the S&P 500 this year. Nearly 11,000 people responded, with 80.7% of them […]

The post Raoul Pal Says Coinbase, Binance and Others Part of ‘Glorious’ Change Amid Exponential Trend of Self-Investing appeared first on The Daily Hodl.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Changpeng Zhao says he ‘wouldn’t mind a pardon’ from Donald Trump

December 2, 2024 Coin Telegraph

Binance

The former Binance CEO already pleaded guilty to one felony charge and served four months in prison, but receiving a presidential pardon could present certain opportunities.

Former Binance CEO Changpeng “CZ” Zhao suggested that he would be open to receiving a federal pardon from United States President-elect Donald Trump for a felony charge.

In a Dec. 1 reply to TelosX co-founder John Lilic on X, Zhao said he “wouldn’t mind a pardon” from Trump, who is scheduled to be inaugurated as the 47th US President on Jan. 20.

As part of a settlement with authorities in November 2023, the former Binance CEO pleaded guilty to a criminal charge related to his failure to maintain an effective Anti-Money Laundering program at the crypto exchange.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Nothing is ‘guaranteed’ with a memecoin listing — Binance CMO

November 30, 2024 Coin Telegraph

Aus Crypto Con

Binance CMO Rachel Conlan says that "community feedback and input" are important factors for crypto exchanges when deciding which cryptocurrencies to list, though nothing is "guaranteed."

The surge in memecoin popularity in recent times has added extra pressure on crypto exchanges to weed out questionable projects and protect users, according to a crypto exchange executive.

“The team does a lot of due diligence on the founders of the project, who is involved, and what’s potentially on their roadmap,” crypto exchange Binance chief marketing officer Rachel Conlan told Cointelegraph at Aus Crypto Con 2024.

As for what is the X factor that gets a crypto token listed on Binance, Conlan said there is nothing "guaranteed.”

Bitcoin ETFs flip gold funds in AUM: K33 Research

Crypto Biz: A crypto policy expert may run the SEC

November 29, 2024 Coin Telegraph

Binance

This week’s Crypto Biz explores Singapore Gulf Bank’s plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgerald’s stake in Tether and the first DOGE ETP.

The future of cryptocurrency regulation in the United States could see a significant shift as Paul Atkins, a former commissioner of the Securities and Exchange Commission known for his pro-innovation views, emerges as a frontrunner to lead the agency under a new administration at the White House.

Atkins previously served as commissioner and staffer under two chairs, Richard Breeden and Arthur Levitt, and is known as an expert in securities law and a balanced regulator. Most importantly, he holds a strong background in digital assets.

According to his profile on Patomak Global Partners, where he serves as CEO, Atkins has been at the core of industry efforts to develop best practices for digital asset issuances and trading platforms since 2017. He co-chairs the Token Alliance, an initiative by the Chamber of Digital Commerce aimed at shaping policy for tokenized networks and digital asset issuers.

Bitcoin ETFs flip gold funds in AUM: K33 Research

Crypto Hackers and Rug Pullers Steal $71,021,500 in November With BNB Chain Emerging As the Top Target

November 28, 2024 The Daily Hodl

Crypto Hackers and Rug Pullers Steal ,021,500 in November With BNB Chain Emerging As the Top Target

Altcoins

New data from crypto security firm ImmuneFi reveals that hackers and fraudsters stole tens of millions of dollars with the blockchain of Binance being their top target. In a new thread on the social media platform X, ImmuneFi says that the crypto markets have seen an overall decrease in fraudulent activity compared to a year […]

The post Crypto Hackers and Rug Pullers Steal $71,021,500 in November With BNB Chain Emerging As the Top Target appeared first on The Daily Hodl.

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