Former Binance.US executive Catherine Coley hires Sullivan & Cromwell lawyer for CFTC suit.
The post Binance Executives Lawyer Up Amid CFTC Lawsuit appeared first on BeInCrypto.

Binance Executives Lawyer Up Amid CFTC Lawsuit

The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.

TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost


                    
                    Binance handles fear, uncertainty and doubt (FUD) surrounding its business future following a lawsuit from U.S. authorities.
                    Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight. Binance denies the claims, suggesting another court battle between crypto firms and U.S. regulators is just around the corner. On another front, Binance’s U.S. arm must wait to close its $1 billion deal for Voyager Digital’s assets until the Department of Justice decides whether to appeal to Voyager’s bankruptcy plan.Beyond the courts, signs that the crypto winter is fading away are on the horizon. Billionaire Mike Novogratz’s Galaxy Digital turned a profit after a $1 billion loss in 2022. Meanwhile, China keeps developing its fintech industry, with a strong emphasis on blockchain.This week’s Crypto Biz examines how Binance is coping with ongoing fear, uncertainty and doubt (FUD) about its business, and how companies are navigating Web3 opportunities and challenges.Binance CEO CZ rejects allegations of market manipulationBinance CEO Changpeng “CZ” Zhao rejected accusations of market manipulation in response to a CFTC lawsuit, labeling it “an incomplete recitation of facts.” According to Zhao, Binance “trades” in several situations, mainly to convert its crypto revenue to cover expenses in fiat or other cryptocurrencies. The exchange’s CEO also acknowledged that he has two personal accounts at Binance: one for Binance Card and one for crypto holdings. “I eat our own dog food and store my crypto on Binance.com. I also need to convert crypto from time to time to pay for my personal expenses or for the Card,” he added. Zhao said Binance has a 90-day no-day-trading rule for its staff and refuted claims that they engage in insider trading.My Response to the CFTC Complaint | Binance Blog https://t.co/TadyotM7HN— CZ  Binance (@cz_binance) March 27, 2023

Galaxy Digital swings to profit after $1B net loss in 2022Galaxy Digital, the digital asset investment firm founded by billionaire Mike Novogratz, has swung to a profit after a net loss of $1 billion in 2022, with a preliminary pre-tax income of $150 million from Jan. 1, 2023, to March 24, 2023, according to the company. Novogratz says the results are from strategic moves “opportunistically” taken during the past months and Bitcoin’s (BTC) price recovery. Similarly to other companies operating in the crypto space, Galaxy found 2022 to be a challenging year. In August, it dropped plans to go public in the United States after terminating a $100-million deal to acquire digital asset custodian BitGo. Later in November, the firm disclosed $77 million of exposure to bankrupt cryptocurrency exchange FTX, with $48 million likely locked in withdrawals. Disney reportedly scraps its metaverse divisionThe metaverse is on its way out, at least for Disney. A restructuring plan designed to cut operating expenses by $5.5 billion and lay off 7,000 employees over two months led the entertainment giant to ditch its metaverse division. All of the metaverse division’s 50 or so members will not be offered new employment contracts, except for Michael White, who led the broader consumer products unit. Unfavorable economic conditions and increased competition in the streaming sector were two main factors that led to the decision. Disney’s former and current chief executives, Bob Chapek and Robert Iger, once considered the metaverse a bullish investment opportunity.Disney has abandoned a plan to develop its own membership program like Amazon Prime, according to @RWhelanWSJ. Disney has also eliminated the division that was developing metaverse strategies, according to the report. https://t.co/mSm92XtqE0 pic.twitter.com/e2KqbxAC8i— Scott Gustin (@ScottGustin) March 28, 2023

China to upgrade national blockchain standards by 2025Despite China’s stance on cryptocurrencies, the country’s officials have been actively developing its fintech industry, with a strong focus on blockchain technology. The Ministry of Industry and Information Technology, a watchdog for the Chinese fintech industry, has announced its plan to improve standards for blockchain technology development by 2025. The ministry has published a draft of its guidelines and invites public opinions on the blockchain development from “all walks of life.” This move aligns with China’s five-year plan for “National Economic and Social Development and Vision 2035,” in which blockchain is listed as a target to “grow stronger.”Crypto Biz is your weekly pulse of the business behind blockchain and crypto, delivered directly to your inbox every Thursday.

Crypto Biz: A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push


                    
                    A report from app provider De.Fi showed losses from theft down in Q1 2023 compared to last year, along with recovery of funds; Euler accounted for a huge share of both.
                    Crypto hackers and scammers made off with $452 million in the first quarter of 2023, according to a report released by antivirus and app provider De.Fi. But that is good and bad news, as losses were down from $1.3 billion in the first quarter of 2022. The recovery rate was down too, however.According to the report, nearly half of the losses this quarter ($215 million) took place in the first three weeks of March. The Euler Finance and Bonq DAO exploits were the quarter’s loss leaders at $196 million and $120 million, respectively. Due to them, the Ethereum blockchain suffered the highest losses, even though Binance outnumbered them with 18 incidents to ten on Ethereum. The CoinDeal scheme trailed at $45 million in third place, and the Monkey Drainer phishing scammers came in fourth at $16.5 million. Related: BitKeep completes compensation for $8M APK exploit, announces rebranding In the 49 cases examined in the report, six flash loan attacks accounted for the greatest losses at over $200 million, with Euler Finance representing most of the total. Smart contract exploits were the most common type at 17 incidents. Decentralized finance (DeFi) accounted for only five incidents, but it suffered the lion’s share of losses at $336 million. REPORT: $452 MILLION WAS LOST IN CRYPTO IN Q1 2023 • In Q1 2023, Crypto lost x3 less than in Q1 2022: $452M vs $1.3B• Top 4 REKT Chains are: $ETH, $MATIC, $ARB, $BNB• The Biggest REKT: Euler Finance ($196M Stolen)⚡️ Read the Reporthttps://t.co/QxwgDWI8Jq— De.Fi ️ Web3 Antivirus (@DeDotFiSecurity) March 31, 2023

In the first quarter, $130 million was recovered from the exploits. All of that money was recovered in March and nearly all of it, $129 million, was due to money returned by the Euler Finance hackers. In the first quarter of last year, $520 million had been returned out of $1.3 billion lost, that is, 40% of the stolen funds, compared to 28.7% this year.While DeFi dominated the losses reported, losses on decentralized exchanges and from crypto tokens and nonfungible tokens likely hit retail users as well. Theft is not uncommon for retail users, and scams affecting them are constantly evolving. Magazine: US enforcement agencies are turning up the heat on crypto-related crime

Net losses from crypto theft down sharply in Q1 2023 at $322M: Report

According to a recent Twitter post by crypto researcher “db,” the US government sold 9,800 Bitcoin (BTC) on March 14th, seized from criminals involved in illegal activities on the Silk Road website. At the time of the auction, the price of Bitcoin was approximately $26,000. As per a court filing, the US Government sold 9,800 BTC during a recent transaction, valued at approximately $215 million. The US Government plans to sell another 41,500 BTC in connection with Silk Road, an online marketplace that facilitated illegal activities and was seized by law enforcement agencies in 2013. Related Reading: Shiba Inu Whale Accumulates 99 Billion Tokens in Massive Buying Spree US Government Bitcoin Sell-Off Will Trigger Another Price Drop? According to “db” it is not clear whether the US government used a Coinbase time-weighted average price (TWAP) to determine the sale price on March 14th; this remains a possibility. Although it is more likely that the U.S. used an over-the-counter (OTC) transaction. The TWAP is a trading strategy that involves executing trades at regular intervals over a specified period to achieve an average price.  The transaction occurred on the crypto exchange Coinbase, the largest cryptocurrency exchange in the US. Its TWAP trading strategy involves executing trades regularly over a specified period to achieve an average price. Given Coinbase’s popularity and the US Government’s need for a reliable pricing mechanism, it is possible that they may use Coinbase’s TWAP again for the sale of the remaining 41,500 BTC connected to the Silk Road, which will be sold in four batches over the year If there is no demand for Bitcoin when the US government sells the remaining 41,500 BTC in the market, it could lead to a drop in Bitcoin’s price, creating market volatility. If no buyers are willing to purchase at the offered price, it could lead to a temporary drop and delay BTC’s rally.  However, on March 14th, Bitcoin’s price was up and continued the trend afterward, indicating a strong demand for Bitcoin. Buyers were willing to pay a premium for the cryptocurrency. US Government Subject Of A Fraud Involving The BTC Trade? The crypto community has been speculating about the impact and the U.S. BTC trade. The crypto researcher and analyst under the pseudonym “CL” alleges that fraud may have been involved in the transaction. CL believes that an “insider” may have corrupted the trade. According to him, on March 14th, Binance futures traded $14 billion worth of Bitcoin, indicating that the market was “extremely liquid then.” CL believes that even at the lowest price of the day, the US government should have received more than $240 million for the trade.  According to CL, there may have been fraudulent activity involved in the trade. CL suggests that an “insider” may have “corrupted” the transaction, resulting in a $30 million “slippage” in an over-the-counter (OTC) trade.  It is important to note that the sale of Bitcoin by the US Government could potentially impact the price of the cryptocurrency and the broader market. It remains to be seen how the market will react to the sale of such a large volume of Bitcoin. Related Reading: XLM: How It Plans To Navigate Bearish Market Sentiment Featured image from Unsplash, chart from TradingView.com

US To Sell 41,500 Bitcoin (BTC) In Four Batches, Crash Inevitable?

On March 31, Binance.US, a US-based subsidiary, announced that it had temporarily suspended trading for stablecoin pairs involving Binance USD (BUSD) through One Common Billing System (OCBS). The suspension was due to an ongoing investigation by the Commodity Futures Commission (CFTC) into potential violations committed by the exchange. Related Reading: Polygon (MATIC) Network Growth Metric […]

Binance.US Temporarily Halts BUSD Deposits And Withdrawals

Coinbase is in talks with regulators about staying in Canada, according to a CoinDesk source. This comes as rival Binance, however, looks likely to leave the country. Bitget Managing Director Gracy Chen shares her insights and discusses how the Seychelles-based crypto derivatives exchange is performing amid wider U.S. regulatory scrutiny for other crypto exchanges.

Coinbase Aims to Stay in Canada; Binance May Be Poised to Leave Amid Regulatory Shakeup


                    
                    Most altcoins posted a below-par performance in March, but XRP, XLM, CFX, XDC and MASK defied the trend by posting double-digit gains.
                    Bitcoin’s dominance over the crypto market, which represents its share of market capitalization relative to the total cryptocurrency market capitalization, rose steeply from around 44% to highs of 48% in March. While Bitcoin’s price increased by 22.7% during the month, most altcoins yielded subpar or negative returns. However, there were some outliers which showed a second month of positive momentum. Take for example, XRP, which saw steady positive momentum as investors expect a positive outcome in its U.S. court case against the SEC. Tokens with highest 30-day returns in the top 100 by market capitalization. Source: CoinMarketCapConflux NetworkConflux Network continued its positive run from February, nearly doubling its price in March. The project’s team continued to strengthen its partnerships in China by adding XCMD, the world’s third-largest construction machinery manufacturer and Zen Spark Technology.The Conflux team also supports the development of permissionless applications. It has established a grants program to promote its ecosystem development.The CFX token tested the support between $0.10 and $0.20 and continued its positive run to reach a new yearly high of $0.46. The market structure of the token with higher highs and higher lows looks bullish, with a potential target of $0.80. It represents the breakdown level from the 2021 bull run. CFX/USD price chart. Source: CoinGeckoXRP Ripple's chances of winning the court case against the Securities Exchange Commission (SEC) improved on March 21 after the presiding judge, Analisa Torres, decided to exclude an expert's opinion explaining how XRP could be a security.On March 27, another U.S. regulatory move was a blessing in disguise for XRP holders. The Commodity Futures Trading Commission (CFTC) in the U.S. charged Binance with improper compliance procedures and market manipulation.The regulatory body classified Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) as commodities in the filing. Some believe that this classification will extend to XRP as well. Thus, effectively refuting the SEC's claim of XRP being a security. The market's expectation of Ripple winning the case against the SEC pushed XRP's price to new yearly highs.If Ripple goes on to win the case against SEC, the bullish momentum in XRP will likely continue in the medium to long term.XRP is currently facing resistance from the peak levels of 2022, around $0.53. A successful breakout above this level could launch the price toward previous support and resistance levels around $0.65 and $0.90.Notably, the Relative Strength Indicator (RSI), which measures the momentum of price moves relative to volume, shows that XRP has reached overbought levels. It raises the possibility of a correction toward the $0.45 level.XRP/USD daily price chart. Source: TradingViewStellar Stellar's XLM token benefited primarily due to its strong positive correlation with XRP. The correlation coefficient between XLM and XRP price movement usually stays above 0.7.Behind the scenes, the Stellar Organization is making efforts to increase the adoption of Stellar Network for remittances across third-world countries like Africa. Stellar is also working with international payments provider Money Gram to integrate the Stellar Network into facilitating global payments.Technically, the XLM/USD pair has broken out above the resistance level of $0.10. If buyers consolidate above this level, the pair can target upside to $0.15 and $0.24. On the flip side, if the bullish breakout fails to materialize, XLM can fall back toward support at $0.08. XLM/USD daily price chart. Source: TradingViewXDC Network (XDC)XDC network combines a permissioned and public chain that addresses scalability and security. The XDC token is the fuel of the network used to pay network fees and deploy applications. The network supports EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers. It also fully complies with the ISO-20022 message standard, an internationally accepted standard for electronic data interchange between financial institutions.The top public blockchains in the XDC ecosystem include Ecoin, Stasis Euro, and Gobiance Exchange. These are relatively lesser-known projects trading on second-tier exchanges like HitBit and BitMart. It paints a dull picture of the project’s ecosystem development with permissionless blockchains. On the enterprise side, the project has established decent partnerships with brands like Travala and Guarda Visa cards. The factors promoting the recent price increase include the introduction of a DAO and the active role played by the management firm, XinFin, responsible for the development and managing the blockchain. XinFin recently decided to decentralize the governance of the blockchain by forming a DAO. After deployment in May 2023, the community will get to decide on the distribution of ecosystem funds to promote development. A Web3 meetup in Dubai hosted by XDC Network with over 60 developers worldwide also promoted the blockchain's ecosystem growth. The technical setup of the XDC/USD pair shows that it is at the edge of a bullish breakout. If buyers stage a breakout above the $0.045 level, the pair can likely shoot toward targets 0.064 and beyond. In case of a downside, the support level of $0.02 will be crucial for buyers.The Klinger Oscillator, a momentum indicator, paints a similar picture with a reading at zero. Positive buying action from the current levels will move the indicator into positive territory, usually a bullish sign.XDC/USD daily weekly price chart with Klinger Oscillator. Source: TradingViewRelated: Top 5 crypto winners (and losers) of 2022Mask Network (MASK)The Mask Network bridges Web2 and Web3, enabling cryptocurrency transactions directly through Web2 websites.More than 40,000 users have installed the Mask Network Chrome extension. The browser extension currently supports several decentralized applications (dApps), including Uniswap and SushiSwap, and is compatible with many social media platforms, including Twitter and Facebook.The network's Facebook integration has met with some complaints. After Elon Musk's acquisition, it mainly benefits from its Twitter integrations and the hype around cryptocurrency integrations on the social media platform. This adds considerable speculation in the token's price as the nature of Twitter's adoption is still unknown.On March 9, the token obtained a listing on the BTSE exchange, improving the liquidity and volume of the token. The project was one of the recipients of the ARB airdrop, receiving 257,540 ARB tokens.The MASK token is the governance token for the project, which is discouraging as it does not accrue yield from the network's usage. However, over 76% of the token's supply is already in circulation; it has a relatively low inflation rate.MASK/USD daily price chart. Source: TradingViewThe MASK/USD pair broke above 2022 highs of $6.10, a positive sign for technical buyers. The RSI indicator is in bullish territory and has cooled off from the overbought region, providing room for more upside.The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

Binance experienced a 60% withdrawal surge this week following the CFTC’s market manipulation allegations.

DEX Volume Unaffected But BTC Outflows From Binance Increase Post CFTC Lawsuit

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ARB formed an ascending channel pattern on a 3-hour chart. Hourly active addresses surged alongside 7-day MVRV. Arbitrum [ARB] has enjoyed massive traction after several exchanges like Binance listed it. At press time, it […]

Arbitrum attempts recovery, will short-sellers run out of opportunities

Binance has suspended BUSD stablecoin pairs via One Common Billing System. The move was a result of allegations about Binance helping customers evade KYC policies. Binance’s [BNB] United States-based subsidiary, Binance.US, temporarily suspended Binance USD [BUSD] stablecoin pairs via One Common Billing System (OCBS) as the Commodity Futures Trading Commission (CFTC) investigated the exchange for […]

BUSD trading temporarily halted by Binance.US after CFTC allegations

 With a U.S. regulator coming after Binance with a lawsuit and the seeming mounting pile of warnings and fines against other exchanges in the country, Bitcoin briefly skidded below US$26,677 only to rebound and pop up above US$29,000 on Thursday. Since then it has moved along the US$28,000 line, so what does this lawsuit by the heavyweight Commodity Futures Trading Commission mean for the broader crypto market?

Weekly Market Wrap: Bitcoin pops above US$29,000, market shrugs off Binance legal woes

According to recent statistics, a significant percentage of the total supply of various proof-of-stake (PoS) cryptocurrencies is being staked by users. As per a tweet by a well-known crypto influencer account, 71% of Cardano (ADA), 70% of Solana (SOL), 85% of Binance Coin (BNB) Chain, 63% of Avalanche (AVAX), and 50% of Polkadot (DOT) are […]
The post Analyst: ETH at $1,800 with Only 16% Staked, Will it Soar After Shanghai? appeared first on Coin Edition.

Analyst: ETH at $1,800 with Only 16% Staked, Will it Soar After Shanghai?

Cryptocurrency enthusiast FatMan took to Twitter to put forward the notion that there needs to be more transparency around trading details on user account while responding to Patrick Hillmann, Chief Strategy Officer of Binance. In his tweet, FatMan says that he believes Binance will not, straight up, steal customer balances. However, he feels, “there needs […]
The post Crypto Exchanges Should Be Transparent About User Accounts: FatMan appeared first on Coin Edition.

Crypto Exchanges Should Be Transparent About User Accounts: FatMan


                    
                    YouTuber CryptoWendyO believes the TikTok ban is not really about TikTok, and could be used to go after the crypto space itself.
                    On March 23, the world watched as United States lawmakers questioned TikTok CEO Shou Chew at a House Energy and Commerce Committee hearing in Washington. In the hearing, lawmakers grilled the CEO over suspicions that the Chinese government is gathering user data through the app. The intensity of the exchanges went viral online, with many believing that a ban — exemplified in the Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT) Act recently introduced in the United States Senate — may be imminent.While the platform is not a crypto-native app, it’s used by many crypto community members to access crypto-related content. This means a ban on TikTok may have several implications for the crypto space. Effects that ‘cannot be ignored’U.S.-based think tank Coin Center believes that the RESTRICT act has a similar precept to the International Emergency Economic Powers Act, which allowed the Treasury’s Office of Foreign Assets Control (OFAC) to prohibit U.S. citizens from transacting with sanctioned entities. According to Coin Center, the potential effects on the crypto space cannot be ignored as the bill “creates blanket authority, with few checks, to ban just about anything linked to a ‘foreign adversary.’”Recent: The secret of pitching to male VCs: Female crypto founders blast offAustin Federa, the head of strategy at Solana Foundation, said that the current rhetoric should worry U.S. citizens:The TikTok ban rhetoric should worry everyone in crypto in the US — not because of TikTok itself, but because of what it could mean for the ability to publish and distribute software some politicians don’t like, which is protected under the first amendment.— Austin Federa | ️ (@Austin_Federa) March 31, 2023

Bitcoin YouTuber CryptoWendyO also thinks the bill is not about TikTok but about going after the crypto space itself. “Yes, your bitcoin, crypto and NFTs. Banning them is the goal,” she wrote on Twitter. While some are concerned about the act being used to ban crypto directly, those working to spread the word about various crypto projects also expressed concerns over a potential ban on the social media platform. Implications for cryptoWhile TikTok was initially dominated by teenagers mimicking trending dances, the content within the app quickly branched out to various niches, including crypto. One of the earliest notable crossovers between crypto and TikTok can be traced back to 2020. At the time, the app was used to pump the prices of Dogecoin (DOGE) through a viral TikTok pumping challenge. Since then, TikTok has been a go-to platform for crypto projects who want to build their communities. The platform has been bombarded with crypto-related content, from exchanges like Binance and Coinbase to influencers sharing their thoughts on tokens and blockchain projects. At the time of writing, the hashtags “crypto” and “cryptocurrency” have a combined view count of 34.7 billion. TikTok views of some hashtags related to crypto. Source: TikTokRoland Guirdonan, who has worked as a social media community manager for various crypto startups, believes that TikTok is building communities for crypto. He told Cointelegraph:“TikTok is one of the most powerful marketing tools that crypto projects use to reach a younger, social media-savvy audience. Crypto projects use TikTok to create engaging content, and run contests and giveaways that quickly reach worldwide audiences.”According to Guirdonan, a TikTok ban in the U.S. could affect user acquisition efforts of crypto projects trying to reach a younger demographic in the country. “TikTok’s algorithm has been praised for its ability to quickly make content go viral, which has been a major factor in the success of many crypto projects,” he added. Mac Ocampo, the CEO of Web3 social platform Follow, told Cointelegraph that TikTok does a great job at visualizing crypto projects to their target audiences. Ocampo, who has previously worked as a chief marketing officer for crypto projects, noted that TikTok allows companies to capture the attention of Millennial and Generation Z age groups. However, he said that a TikTok ban would not mean the end of Web3 marketing. Crypto marketing effortsWhile a TikTok ban in the U.S. may have some effects on reaching audiences in the country, some believe that the impact on crypto marketing will not be as severe as others think. According to Ocampo, there will be opportunities for other firms like Meta to jump in if the platform gets banned. He explained: “If ever TikTok will be banned in the U.S., there’s an opportunity for Meta to revamp Instagram into a more direct rival of TikTok. It presents the opportunity as well for Meta to capture TikTok’s market share in the U.S. and pursue its metaverse and NFT initiatives it has recently canceled.”Joanna Alhambra, who coordinates influencer marketing for Web3 projects, also thinks there’s always a way to do marketing, even without TikTok. She told Cointelegraph that if TikTok gets banned, influencers will simply flock to other platforms. Recent: Indonesian government looks to NFTs to preserve cultural heritage“When TikTok gets banned, TikTok influencers will look for alternative short video streaming platforms. So, Instagram reels and YouTube shorts might be the next unless a Web3 TikTok surfaces,” she said. Meanwhile, Rohit Mohan, the CEO of Web3 marketing firm NC Global Media, argued in favor of TikTok when it comes to reaching wider audiences in crypto marketing. According to Mohan, the platform’s direct competitors are “boomer apps” and do not have the same capabilities as TikTok. According to Mohan, a ban on TikTok will become an “additional hit” that the crypto community will take as the space goes through the throes of a bear market. 

How a TikTok ban in the US could affect the crypto industry

According to a recent tweet by Binance CEO Changpeng Zhao, Binance.US’s weekly trading volume has reached an all-time high of 41% of Coinbase’s global trading volume. Experts believe that this achievement marks a key milestone for Binance.US. According to them, the platform is progressing in the competitive industry for trading cryptocurrencies. The latest data provided […]
The post Binance.US Claims 41% Of Coinbase’s Global Trading Volume in a Week appeared first on Coin Edition.

Binance.US Claims 41% Of Coinbase’s Global Trading Volume in a Week

Jim Cramer, the host of Mad Money on CNBC, has tweeted that he would not do business with Binance after listening to Tim Massad, former head of the CFTC, on last night’s show. Cramer also stated that Binance was way “too sketchy.” Cramer has quite the reputation for his predictions going the other way. Every […]
The post Binance CEO Laughs at Jim Cramers’ Critique of ‘Sketchy’ Exchange appeared first on Coin Edition.

Binance CEO Laughs at Jim Cramers’ Critique of ‘Sketchy’ Exchange

The post Bitcoin Dominance Hits Critical Level- When Can Traders Expect Altcoin Season? appeared first on Coinpedia Fintech News
Bitcoin has been the dominant cryptocurrency since its inception in 2009. Its market capitalization has grown exponentially, reaching an all-time high of $1.2 trillion in early 2021. However, other cryptocurrencies are now challenging their dominance. Ethereum, Binance Coin, Cardano, and Dogecoin have all seen significant growth in market capitalization recently, and some analysts predict that …

Bitcoin Dominance Hits Critical Level- When Can Traders Expect Altcoin Season?

Crypto giant Binance’s United States based unit, Binance.US, is temporarily halting some of its services including One Common Billing System (OCBS) and Binance USD (BUSD) stablecoin pairs after halting Apple Pay and Google Pay deposits. According to Binance.US status dashboard, the cryptocurrency exchange has stopped BUSD crypto deposits and withdrawals, or buying, selling and converting ... Read more

Binance.US Suspends BUSD deposits and withdrawals Amid Ongoing Banking Crisis

CNBC host Jim Cramer said Binance is “way too sketchy” for him to use the platform. 
The post CNBC’s Jim Cramer calls Binance “way too sketchy” appeared first on CryptoSlate.

CNBC’s Jim Cramer calls Binance “way too sketchy”

 Bitcoin and Ether fell during Asian trading hours on Friday, while the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization were mixed, amid mounting allegations against Binance