Binance Financial News

The recent $4.3 billion settlement between Binance and various US government agencies, announced by top Biden administration officials, has stirred controversy due to the absence of Securities and Exchange Commission (SEC) Chair Gary Gensler at the announcement.

The cryptocurrency industry has spent a staggering $18.96 million in federal lobbying in the first three quarters of 2023.

Web3Auth, a wallet-as-a-service infrastructure provider has teamed up with the smart contract-based multi-signature crypto wallet provider Safe (formerly known as Gnosis Safe) to launch “SafeAuth” a service which allows users to create wallets quickly without the need for seed phrases.

Crypto analyst Bluntz is bullish on the future of the Solana (SOL) crypto. The trader references numerous technical analysis theories related to the current market structure, including the Elliott Waves, the support, and the resistance. Blunz projects that Solana is gearing up, describing a solid move in the asset's overarching trend direction following a correction.

The digital asset market recorded an 11% uptick last month with Solana (SOL) and Chainlink becoming the top-performing assets as decentralized finance (DeFi) volumes surge, a new report shows.

Bitcoin shrugged off a slide in global markets during a rally to a more than 19-month high, a sign of its decoupling from other assets. The token jumped 5.8% to scale $42,000 on Monday and was just below that level in morning Asian trading on Tuesday. In contrast, gauges of global shares and bonds are nursing losses since the start of the week. “This divergence underscores the current low correlation of crypto with other traditional macro assets,” Sean Farrell, the head of digital-asset strategy at Fundstrat Global Advisors LLC, wrote in a note. Bitcoin’s correlations with the likes stocks and gold have ebbed in 2023 as crypto-specific factors helped to spur a 152% climb in the largest digital asset. A key driver of the gains is the expectation that the US will allow its first spot Bitcoin exchange-traded funds, potentially widening demand for the token.

Bitcoin's recent rally may have taken it past the $42,000 market and helped put the crypto winter of 2022 far in the distance. However, it was also a year the largest cryptocurrency by market capitalization started on shaky grounds at a mere $16,500 level.

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The U.S. Securities and Exchange Commission (SEC) has filed a complaint against Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating their cryptocurrency trading platform without the necessary registrations. The complaint, filed in San Francisco, alleges violations dating back to September 2018. Kraken is accused of functioning as an unregistered exchange, broker, dealer, and clearing agency, amalgamating the roles of these entities without proper registration. This reportedly deprived investors of crucial protections, such as SEC inspection and safeguards against conflicts of interest.

TLDR 

Bitcoin price has surged past the $40,000 mark for the first time since early May 2022.

Bitcoin surpassed $40,000 for the first time since May 2022. In the early hours of Monday morning, the token added about 1% to trade at $40,005 on Monday in Singapore, taking its 2023 jump to 142%. Before the TerraUSD stablecoin collapse, Bitcoin was last at $40,000, contributing to a rout in digital assets.

According to Bloomberg , the United States Department of Justice is attempting to negotiate a settlement to a lengthy criminal investigation by requesting more than four billion dollars from Binance Holdings on behalf of the company.

Binance, the biggest cryptocurrency exchange in the world, is about to embark on a new section of its history with Richard Teng serving as its Chief Executive Officer. Changpeng Zhao, the creator of Binance, made the announcement on this consequential shift in leadership. Not only does Teng's appointment come at a vital moment for the exchange, but it also marks a new direction in the administration and strategy of the exchange.

This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC,  Reddit renounced Moons’ contract completing the decentralization of the token, and Bitfinex’s tokenized bond raised only $1.5 million of its initial target of $10 million. Trust Wallet alerted users about an ongoing issue with the Bitcoin node that could result in transaction delays.

As Bitcoin (BTC) surged passed $38,000 in November, the ProShares Bitcoin Strategy ETF (BITO) has tapped a new all-time high for assets under management (AUM).

A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report.

bitcoin-tracking companies rose on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite. Bitcoin, up 1.6% at $38,337, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely to unleash more capital investments in the digital asset sector. «Tailwinds have been gathering strength all year, especially in recent months, as spot ETF expectations build, the Binance uncertainty is resolved, and 2024's accelerated money printing becomes more inevitable,» crypto-focused economist Noelle Acheson said, referring to the bitcoin rally. Shares of bitcoin miners — whose profitability improves as bitcoin climbs — including Riot Platforms, Marathon Digital and TeraWulf rose between 1.7% and 4%.

Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%.

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday.