Binance News Archives - Crypto Genius™

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Legal Action Initiated Against Binance and Others in Connection to Terrorism: A Perspective from Families and Former Hostages

Crypto News and Updates / Logan / February 1, 2024

In the most recent update related to the ‘Binance terrorist lawsuit’, a legal battle has been initiated against the cryptocurrency exchange Binance, its ex-CEO Changpeng Zhao, and the governments of Iran and Syria. Three families, who were directly affected by the Hamas attack on Israel on October 7, have taken legal action against these parties. The plaintiffs include former hostages, relatives of victims, and the estate of a medical professional who sacrificed his life whilst attending to vict

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Binance’s DOJ Settlement Fuels Bitcoin Price Increase

Crypto News and Updates / Logan / November 23, 2023

Binance’s settlement with the US Department of Justice has triggered a significant increase in Bitcoin’s price. This development has reignited traders’ hopes for the approval of a spot Bitcoin Exchange Traded Fund (ETF), which is expected to bring substantial capital into Bitcoin, thereby driving up prices across the crypto market. Despite Binance co-founder Changpeng ‘CZ’ Zhao’s guilty plea and a hefty $4.3 billion settlement, the market noticed Binance wasn’t suffering from a massive funds exo

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Binance BNB Forecasts: Unanticipated Downturn Despite Detractors’ Assertions

Crypto News and Updates / Logan / November 23, 2023

The ‘Whale Wire’ critic anticipates a 95% plunge in Binance’s BNB to below $5 due to potential legal issues and increased regulatory oversight, potentially leading to Binance’s insolvency and affecting its overall business scheme. Despite these Binance BNB predictions, Binance continues to lead the global cryptocurrency exchange market, with BNB maintaining its position among the top five cryptocurrencies. New CEO Richard Teng confirms that client funds are secure and compliance reforms are unde

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The Aftermath of Binance Billion Outflow: CZ’s Legal Issues Examined

Crypto News and Updates / Logan / November 22, 2023

After Changpeng ‘CZ’ Zhao, former CEO of Binance, pleaded guilty to money laundering charges and agreed to a $4.3 billion settlement with the U.S. Justice Department, the world’s largest crypto exchange experienced a significant ‘Binance billion outflow’. Within 24 hours, more than $1 billion was withdrawn, contributing to a net outflow of $703 million over the past week. Despite this, Binance recorded net inflows of $1.68 billion in the past month, retaining its leading position among all centr

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