Monthly Archives: November 2023

In a Surprising Turn of Events: Binance Faces $4 Billion Settlement Proposal The U.S. Department of Justice (DOJ) has presented a substantial $4 billion settlement proposal for Binance, a major player in the cryptocurrency exchange space. Despite potential legal implications for Binance’s CEO, Changpeng Zhao, the native token BNB exhibited unexpected strength. Following the DOJ’s[Read more…]

The US Department of Justice’s $4 Billion Settlement Demand from Binance The US government is reportedly seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange by trading volume, to settle a criminal investigation. Talks between the US Department of Justice (DOJ) and Binance have been ongoing for a while, and according to a[Read more…]

Overview of DOJ Investigation After years-long investigations, the U.S. Department of Justice (DOJ) is nearing a potential resolution with Binance, one of the largest cryptocurrency exchanges. The DOJ has reportedly requested a significant $4 billion settlement from Binance to conclude its extensive inquiry into the company. Possible Charges Against Binance CEO Negotiations include the possibility[Read more…]

Binance VIP Holder Program Upgrade Binance, one of the world’s leading cryptocurrency exchanges, has recently announced a significant upgrade to its VIP Holder Program. The update, effective from November 27, 2023, introduces a new structure and eligibility criteria for the program, marking a pivotal shift in how Binance engages with its most dedicated users. The[Read more…]

Cryptocurrency Exchange Partnership: Binance and Gulf Energy Cryptocurrency exchange Binance is set to launch a new venture in Thailand in collaboration with Gulf Energy Development. The joint effort, known as ‘Gulf Binance,’ is scheduled to be operational in early 2024. Gulf Binance’s Impact on Thailand’s Blockchain Ecosystem Binance Holdings and Gulf Energy Department have come[Read more…]

BNB Chain’s Social Activity Peaks on November 19 On the 19th of November, BNB was recognized as the coin of the day based on social activity. Despite this achievement, its price action remained sluggish. BNB Chain’s Network Activity Declines Recent data indicates a drop in BNB Chain’s network activity over the past week. The blockchain’s[Read more…]

Crypto Market Update: BNB Faces Pressure, SPCT and ORDI Show Promise As crypto investors enjoy an uptrend, altcoins are seeing mixed fortunes. BNB (BNB), the exchange token issued by Binance, has seen little price movement compared to the market’s increase in trading volume. ORDI (ORDI) and VC Spectra (SPCT), a new project that raised $2.4[Read more…]

Short-Term Analysis: A Positive Shift Recently, Binance Coin (BNB) has experienced a notable change in its short-term trend, breaking through the lower boundary of a rising trend channel. This movement suggests a potential slowdown in upward momentum, transitioning towards a more horizontal development. Despite this, the currency has displayed strong performance since the positive signal[Read more…]

BTC/USD The rate of Bitcoin (BTC) has almost not changed since yesterday. Today’s move of BTC has not affected its overall technical picture on the daily chart. The price keeps trading sideways as neither side has seized the initiative yet. In this regard, sideways trading in the area of $35,000-$37,000 is the more likely scenario[Read more…]

Sleek Raises $5M in Seed Funding Led by Binance Labs Sleek, a social network platform, has announced a significant $5 million seed funding achievement. This financial injection propels the company’s valuation to $50 million. The investment round showcases a vote of confidence from leading industry players, including Binance Labs, Shima Capital, Spartan Group, Symbolic Capital,[Read more…]