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DOJ Announces $4.3 Billion Settlement With Binance As CZ Resigns From Company
The U.S. Department of Justice has settled charges against crypto exchange giant Binance for $4.3 billion, bringing investigations spanning back to 2018 to a close.
The DOJ confirmed the settlement in a live video announcement on Tuesday, marking one of the largest enforcement actions ever closed in a crypto-related case.
The company pled guilty to willfully floundering the Bank Secrecy Act, among other things.
It now must report suspicious financial activity to federal authorities.
Meanwhile, Binance founder Changpeng Zhao (CZ) has pled guilty to failing to implement a strong anti-money laundering (AML) program on the platform. He entered his plea in person, in a U.S. District Court earlier today.
He will personally pay a $50 million fine and has stepped down as the exchange’s CEO. Following the announcement, the price of BNB fell from $253 at the start of the day to $242.
CZ confirmed that he had stepped down on Tuesday through an X post, admitting that he’d “made mistakes, and I must take responsibility.”
Binance’s former Global Head of Regional Markets, Richard Teng, will be the firm’s new CEO.
“I can’t see myself being a CEO driving a startup again,” wrote CZ. “I am content being a one-shot (lucky) entrepreneur.”
The post-DOJ Announces $4.3 Billion Settlement With Binance As CZ Resigns From Company appeared first on CryptoPotato.
#BNB-9.68%
The U.S. Department of Justice has settled charges against crypto exchange giant Binance for $4.3 billion, bringing investigations spanning back to 2018 to a close.
The DOJ confirmed the settlement in a live video announcement on Tuesday, marking one of the largest enforcement actions ever closed in a crypto-related case.
The company pled guilty to willfully floundering the Bank Secrecy Act, among other things.
It now must report suspicious financial activity to federal authorities.
Meanwhile, Binance founder Changpeng Zhao (CZ) has pled guilty to failing to implement a strong anti-money laundering (AML) program on the platform. He entered his plea in person, in a U.S. District Court earlier today.
He will personally pay a $50 million fine and has stepped down as the exchange’s CEO. Following the announcement, the price of BNB fell from $253 at the start of the day to $242.
CZ confirmed that he had stepped down on Tuesday through an X post, admitting that he’d “made mistakes, and I must take responsibility.”
Binance’s former Global Head of Regional Markets, Richard Teng, will be the firm’s new CEO.
“I can’t see myself being a CEO driving a startup again,” wrote CZ. “I am content being a one-shot (lucky) entrepreneur.”
The post-DOJ Announces $4.3 Billion Settlement With Binance As CZ Resigns From Company appeared first on CryptoPotato.
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BNB will go up between next 2-3 days. Buy #BNB in 308-311$.
Targets For Buying!!
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After buying, set limit for selling.
Targets For Selling!!
320$
321$
© 322$
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$BNB BNB drops by over 9% amidst Binance’s $4.3B settlement and CEO’s resignation
Binance, the world's leading crypto exchange, is facing legal and financial difficulties in an unexpected turn of events. This turbulent situation has resulted in a significant drop in the value of its native token, BNB.
A massive $4.3 billion settlement with the US Department of Justice (DoJ) and a high-profile leadership change, with CEO Changpeng Zhao stepping down, are two key factors contributing to this upheaval.
The announcement of a large settlement by the United States Department of Justice has sent shockwaves through the cryptocurrency community.
Binance is now being investigated by the authorities, with Zhao admitting to security law violations as part of the settlement.
This development has resulted in a significant leadership change, raising concerns about the exchange's future direction.
The fallout from these legal and leadership challenges has been swift. Binance's native token, BNB, has experienced a 9% drop in just 24 hours. The token's value is now hovering around $234.35, reflecting the market's uncertainty about Binance's stability.
Adding to the complication, according to DeFiLlama's data, Binance experienced a significant net outflow of funds, surpassing $1 billion in a single day.
This contrasts sharply with the inflows observed by other competing exchanges, emphasizing Binance's uneasy environment.
Despite these challenges, Binance has a formidable asset value of more than $67.9 billion. This shows that, despite the market turmoil, Binance remains a significant player in the cryptocurrency market.
As the situation develops, industry participants and investors will be watching Binance closely to see how it handles these challenges and adapts to the changing crypto landscape.
The post $BNB BNB drops by over %9 amidst binance $4.3B settlements and CEOs resignation appeared first on optimisus.
#RichardTeng #opbnb #BNB-9.68%
Binance, the world's leading crypto exchange, is facing legal and financial difficulties in an unexpected turn of events. This turbulent situation has resulted in a significant drop in the value of its native token, BNB.
A massive $4.3 billion settlement with the US Department of Justice (DoJ) and a high-profile leadership change, with CEO Changpeng Zhao stepping down, are two key factors contributing to this upheaval.
The announcement of a large settlement by the United States Department of Justice has sent shockwaves through the cryptocurrency community.
Binance is now being investigated by the authorities, with Zhao admitting to security law violations as part of the settlement.
This development has resulted in a significant leadership change, raising concerns about the exchange's future direction.
The fallout from these legal and leadership challenges has been swift. Binance's native token, BNB, has experienced a 9% drop in just 24 hours. The token's value is now hovering around $234.35, reflecting the market's uncertainty about Binance's stability.
Adding to the complication, according to DeFiLlama's data, Binance experienced a significant net outflow of funds, surpassing $1 billion in a single day.
This contrasts sharply with the inflows observed by other competing exchanges, emphasizing Binance's uneasy environment.
Despite these challenges, Binance has a formidable asset value of more than $67.9 billion. This shows that, despite the market turmoil, Binance remains a significant player in the cryptocurrency market.
As the situation develops, industry participants and investors will be watching Binance closely to see how it handles these challenges and adapts to the changing crypto landscape.
The post $BNB BNB drops by over %9 amidst binance $4.3B settlements and CEOs resignation appeared first on optimisus.
#RichardTeng #opbnb #BNB-9.68%
TOKENOMICS
WLK Is A Top EdgeTechnology Infrastructure
To Deliver More Than You Can Expect.
Full Name : WLK COIN
Symble : WLK
Total supply : 1.50CR
Standard : BEP20
Decimal : 18
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WLK Is A Top EdgeTechnology Infrastructure
To Deliver More Than You Can Expect.
Full Name : WLK COIN
Symble : WLK
Total supply : 1.50CR
Standard : BEP20
Decimal : 18
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BNB Mastery 2024: In-Depth Predictions, Guides, and Analytics
Binance Coin (BNB) has emerged as a dynamic asset in the cryptocurrency space, capturing the attention of traders and investors alike. In this comprehensive guide, we delve into the world of BNB, providing insights, predictions, and analytical tools to help you navigate the ever-evolving Binance Coin landscape.
Understanding BNB Price Movements
Binance Coin traders employ an array of tools to decipher the direction of the BNB market. Indicators and chart patterns are pivotal in this analysis. Moving averages, such as the 50-day, 100-day, and 200-day averages, offer crucial insights into support and resistance levels. The Relative Strength Index (RSI) and Fibonacci retracement indicators are also valuable tools for predicting BNB price movements.
Decoding BNB Price Charts
Traders commonly use candlestick charts for a more nuanced view of BNB's price action. These candlesticks represent various time frames, from short-term 5-minute intervals to longer-term weekly charts. Understanding the colors or shapes of candlesticks, whether green for bullish or red for bearish, provides key insights into opening and closing prices.
Factors Influencing BNB Prices
As with any asset, BNB's price is fundamentally influenced by supply and demand dynamics. Fundamental events, including block reward halvings, protocol updates, and regulatory changes, can trigger significant price shifts. Monitoring the activities of BNB "whales," entities with substantial BNB holdings, is crucial due to their potential to sway the market.
Historical BNB Data
Historical price data tool empowers you to explore BNB's price history comprehensively. Track BNB from its inception, examining open, high, low, and close data. Adjust the tool to your preferences, displaying data in your chosen currency and selecting daily, weekly, or monthly frequencies.
Current BNB Predictions
As of the latest data, the BNB market reflects dynamic movement. On [latest date], BNB demonstrated a closing price of $318.84 with a trading volume of $822.41 million and a market capitalization of $47.70 billion. Understanding recent trends, such as moving averages and key support levels, can inform predictions for future BNB price movements.
Bullish and Bearish Patterns
Seasoned traders often rely on candlestick patterns for predictive analysis. Bullish patterns, like the Hammer or Morning Star, suggest potential upward movements, while bearish patterns, including the Dark Cloud Cover or Shooting Star, indicate possible downturns. Identifying these patterns can provide traders with a strategic edge.
Disclaimer: Not Investment Advice
It's crucial to note that the information provided is for general purposes only and does not constitute financial or investment advice. Before making any investment decisions, seek independent professional consultation for legal, financial, and fiscal advice.
In conclusion, mastering BNB involves a multifaceted approach, blending historical data analysis, current market insights, and predictive tools. As you navigate the BNB landscape, arm yourself with knowledge, stay informed on market trends, and make informed decisions on your Binance Coin journey.
#BNB-9.68% #BinanceSquareCreatorAwards #bnbprize #ANALYSIS #TradeAndCelebrate
Understanding BNB Price Movements
Binance Coin traders employ an array of tools to decipher the direction of the BNB market. Indicators and chart patterns are pivotal in this analysis. Moving averages, such as the 50-day, 100-day, and 200-day averages, offer crucial insights into support and resistance levels. The Relative Strength Index (RSI) and Fibonacci retracement indicators are also valuable tools for predicting BNB price movements.
Decoding BNB Price Charts
Traders commonly use candlestick charts for a more nuanced view of BNB's price action. These candlesticks represent various time frames, from short-term 5-minute intervals to longer-term weekly charts. Understanding the colors or shapes of candlesticks, whether green for bullish or red for bearish, provides key insights into opening and closing prices.
Factors Influencing BNB Prices
As with any asset, BNB's price is fundamentally influenced by supply and demand dynamics. Fundamental events, including block reward halvings, protocol updates, and regulatory changes, can trigger significant price shifts. Monitoring the activities of BNB "whales," entities with substantial BNB holdings, is crucial due to their potential to sway the market.
Historical BNB Data
Historical price data tool empowers you to explore BNB's price history comprehensively. Track BNB from its inception, examining open, high, low, and close data. Adjust the tool to your preferences, displaying data in your chosen currency and selecting daily, weekly, or monthly frequencies.
Current BNB Predictions
As of the latest data, the BNB market reflects dynamic movement. On [latest date], BNB demonstrated a closing price of $318.84 with a trading volume of $822.41 million and a market capitalization of $47.70 billion. Understanding recent trends, such as moving averages and key support levels, can inform predictions for future BNB price movements.
Bullish and Bearish Patterns
Seasoned traders often rely on candlestick patterns for predictive analysis. Bullish patterns, like the Hammer or Morning Star, suggest potential upward movements, while bearish patterns, including the Dark Cloud Cover or Shooting Star, indicate possible downturns. Identifying these patterns can provide traders with a strategic edge.
Disclaimer: Not Investment Advice
It's crucial to note that the information provided is for general purposes only and does not constitute financial or investment advice. Before making any investment decisions, seek independent professional consultation for legal, financial, and fiscal advice.
In conclusion, mastering BNB involves a multifaceted approach, blending historical data analysis, current market insights, and predictive tools. As you navigate the BNB landscape, arm yourself with knowledge, stay informed on market trends, and make informed decisions on your Binance Coin journey.
#BNB-9.68% #BinanceSquareCreatorAwards #bnbprize #ANALYSIS #TradeAndCelebrate
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📢 Exciting News! Introducing BNB Vault: Subscribe Now & Get Up to 1 BNB in Rewards! 🚀
Are you ready to supercharge your Binance Coin (BNB) investment? Look no further, because we have an amazing opportunity for you! Introducing BNB Vault, the ultimate way to maximize your BNB holdings and unlock incredible rewards!
💰 Get Rewarded for Your Loyalty:
When you subscribe to BNB Vault, you open the door to a world of exclusive benefits and lucrative rewards. As a token of our appreciation, offering up to 1 BNB in rewards just for subscribing! Imagine earning additional BNB simply by holding your existing BNB coins in our secure vault. It's like watching your wealth grow effortlessly!
🔒 Security Meets Convenience:
BNB Vault, your security is our top priority. Rest assured that your BNB assets are safeguarded with state-of-the-art security measures, including encryption protocols and multi-factor authentication. the responsibility of protecting your assets seriously, allowing you to invest with peace of mind.
🚀 Hedge Against Market Volatility:
Cryptocurrency market can be unpredictable, but BNB Vault provides you with a unique opportunity to hedge against market volatility. By strategically storing your BNB in our vault, you not only shield yourself from potential price fluctuations but also position yourself to earn regular rewards. It's a win-win situation!
🎁 Refer and Earn:
Spread the word about BNB Vault to your friends and family, and unlock even more rewards! innovative referral program allows you to earn additional BNB every time someone you refer subscribes and starts earning rewards. Sharing the benefits has never been more rewarding!
✨ Subscribe Now and Start Earning:
Don't miss out on this incredible opportunity to supercharge your BNB investment. Subscribe to BNB Vault today and experience the power of compounding rewards. The more you hold, the more you earn!
#BinanceWish #BinanceSquareGenerosity #BNBecosystem #BNB-9.68%
$BNB
Are you ready to supercharge your Binance Coin (BNB) investment? Look no further, because we have an amazing opportunity for you! Introducing BNB Vault, the ultimate way to maximize your BNB holdings and unlock incredible rewards!
💰 Get Rewarded for Your Loyalty:
When you subscribe to BNB Vault, you open the door to a world of exclusive benefits and lucrative rewards. As a token of our appreciation, offering up to 1 BNB in rewards just for subscribing! Imagine earning additional BNB simply by holding your existing BNB coins in our secure vault. It's like watching your wealth grow effortlessly!
🔒 Security Meets Convenience:
BNB Vault, your security is our top priority. Rest assured that your BNB assets are safeguarded with state-of-the-art security measures, including encryption protocols and multi-factor authentication. the responsibility of protecting your assets seriously, allowing you to invest with peace of mind.
🚀 Hedge Against Market Volatility:
Cryptocurrency market can be unpredictable, but BNB Vault provides you with a unique opportunity to hedge against market volatility. By strategically storing your BNB in our vault, you not only shield yourself from potential price fluctuations but also position yourself to earn regular rewards. It's a win-win situation!
🎁 Refer and Earn:
Spread the word about BNB Vault to your friends and family, and unlock even more rewards! innovative referral program allows you to earn additional BNB every time someone you refer subscribes and starts earning rewards. Sharing the benefits has never been more rewarding!
✨ Subscribe Now and Start Earning:
Don't miss out on this incredible opportunity to supercharge your BNB investment. Subscribe to BNB Vault today and experience the power of compounding rewards. The more you hold, the more you earn!
#BinanceWish #BinanceSquareGenerosity #BNBecosystem #BNB-9.68%
$BNB