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

BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest CryptocurrencyBNB 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 […]

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

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

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.

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Binance leads crypto exchanges in Bitcoin deposits in 2024

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.

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

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

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

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.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

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

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.

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

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

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.”

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Crypto Biz: A crypto policy expert may run the SEC

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.

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

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

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

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.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Ex-Binance employee sues UK exchange, alleging bribery: Report

Amrita Srivastava, who worked at Binance from 2022 to 2023, alleged reporting a bribe at the crypto exchange resulted in her dismissal.

A former senior employee at Binance has reportedly filed a lawsuit against the cryptocurrency exchange’s United Kingdom arm, making allegations including bribery and unfair dismissal.

According to a Nov. 28 Bloomberg report, former Binance employee Amrita Srivastava sued the crypto exchange in the UK, claiming that another worker solicited bribes from a customer. She alleged that she was unfairly dismissed from her position a month after bringing the matter to management’s attention in April 2023. 

Srivastava alleged that the unnamed Binance employee accepted the bribe “under the guise of providing consultative services.” An exchange spokesperson reportedly said the alleged bribe “was already known,” and Srivastava’s employment was terminated for “poor performance” at the firm.

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XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report

Binance Sparks Explosive Rally in Newly Launched DeFi Altcoin With Surprise Support for Trading

Binance Sparks Explosive Rally in Newly Launched DeFi Altcoin With Surprise Support for Trading

A newly launched decentralized finance (DeFi) altcoin is surging after earning a surprise listing by top crypto exchange Binance. In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Morpho (MORPHO), a decentralized lending protocol built on the Ethereum (ETH) blockchain. As the listing announcement went out, […]

The post Binance Sparks Explosive Rally in Newly Launched DeFi Altcoin With Surprise Support for Trading appeared first on The Daily Hodl.

XRP and Solana Surge in Price Amid Rumors Trump Is Considering ‘America First’ Crypto Reserve: Report