Tag: Binance

Binance Under Fire Again: France Targets Exchange for Tax Fraud and More

Summary: Binance is again under fire in France over an investigation that implicates alleged tax fraud, money laundering, and even drug trafficking. The French prosecutors do not mince words, and this is the second probe against Binance after the two years ago investigation into illicit financing.

Binance is in hot water again as the French launch yet another investigation into the crypto exchange giant. Prosecutors have opened a formal probe into some pretty serious allegations: tax fraud, money laundering, and even drug trafficking. Although details about it are still scanty, this apparently serves as a sequel to France’s investigation done 2 years ago into the participation of Binance in shady financial dealings.

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Crypto had a tough past 2 years with the meltdown of FTX, which called for scrutiny across the world. Exchanges like Binance and Coinbase entered into the radar of regulators, and lawsuits were flying from all directions. Most prominently, Binance found itself under intense legal heat from the US Department of Justice and the SEC, right up to the historic $4.3 billion settlement with the DOJ.

The company has been in overhaul mode since. Founder Changpeng Zhao (CZ) stepped down as CEO, handed the reins to Richard Teng, and even served prison time before his release in late last year. Despite all this, the SEC isn’t backing down. Now, France is doubling down too.

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With Binance still the largest centralized exchange out there, the stakes couldn’t be any higher: will they weather the storm or is this the beginning of the end?

XRP Soars to Record Highs Across Binance, Kraken, and Bitfinex

XRP hits $3.37 ATH, fueled by legal wins, whale moves, SEC changes, and bullish patterns predicting more gains ahead.



XRP just flexed hard, hitting an all-time high of $3.37 on Binance, Kraken, and Bitfinex—beating its peak about seven years ago! The vibes are bullish, with the market hyped over SEC Chair Gary Gensler stepping down soon and Ripple winning big in court.

Big whales are making waves too. A transfer of 30M XRP (worth $76.1M) from Upbit to an unknown wallet caught everyone’s eye. Moves like this usually mean the big players are either loading up or prepping for a massive market shake-up. Analysts are buzzing that XRP could soon see double-digit percentage jumps.

EGRAG Crypto points to a “Megaphone Bottom” pattern, which has a 70% chance of a bullish breakout—predicting XRP could reach $8! Another analyst, World of Charts, says breaking out of a symmetrical triangle could push XRP to $4 soon.

Adding to the hype, the SEC’s legal drama might finally end. The new crypto-friendly leadership is incoming, Ripple’s case could shake up the entire industry. Plus, XRP’s open interest in derivatives hit $7.7B, showing traders are super optimistic.

Bottom line? XRP’s on fire, and it’s looking like last year could be the year it truly takes over.

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Binance Hits 250M Users, Sets Sights on 1 Billion by 2025

Summary: Binance has managed to hit an amazing and absolutely brilliant milestone with 250 million users, making massive waves and registered itself as the first and foremost crypto exchange to surpass $100 trillion in lifetime trading volume. Now, it’s aiming to onboard a billion users, all while bouncing back from tough regulatory challenges.

Quarter Billion and Counting
Binance is really showing off its crypto dominance, celebrating a user base of 250 million and a record $100 trillion in lifetime trading volume. CEO Richard Teng hyped it up on X, calling this milestone a step closer to their billion-user dream. With $22.6 billion in deposits this year alone—beating its top 10 competitors combined—Binance isn’t just winning; it’s crushing.

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Bouncing Back Like a Boss
The road wasn’t easy. From a $4.3 billion fine in the U.S. to regulatory heat in Nigeria and India, Binance had its share of battles. Founder CZ even spent time in jail before handing the reins to Teng, who’s now operating and managing the ship as it reaches its calm position. Key approvals, like India’s FIU nod, show Binance’s comeback game is strong.

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Eyeing That Billion
Teng isn’t shy about big goals. With a sharpened focus on compliance and user trust, Binance is transforming from a “crypto kid” to a global powerhouse. At this pace, hitting a billion users by 2025 feels less like a dream and more like destiny.

200M Dogecoin Mysteriously Moved to Binance

Binance received 200M Dogecoin ($59.9M) from an unidentified wallet. This sparked conjecture on possible trades or liquidity preparation. Following initial losses, Dogecoin recovered 13% to $0.323, in line with the market's recovery. With more than 6.6 million holdings this year, DOGE may increase to $0.48 or fall to $0.23 despite strong resistance at $0.36.

The Dogecoin community is lit after 200 million DOGE (worth $59.9M) got transferred from a mystery wallet straight to Binance. Nobody knows who’s behind this massive move, but the rumor mill is spinning. Is it a whale looking to trade big or Binance prepping for more liquidity? The real reason is still up in the air.

DOGE’s price has been on a rollercoaster lately. After a dip below its 50-day SMA of $0.36 earlier this week, it bounced back hard—jumping 13% in the last 24 hours to hit $0.323. The rebound came after hitting a low of $0.262 on Friday and reaching an intraday high of $0.35 on Saturday.

Looking ahead, DOGE could face resistance at $0.36, but if it breaks through, we’re eyeing $0.42 or even $0.48. On the flip side, if it slides, it might drop to $0.23.

Meanwhile, the DOGE fam keeps growing, with over 6.6M wallets holding the meme coin in 2024. With a 400% jump in market cap for meme coins this year, Dogecoin is showing it’s more than just a joke—it’s here to stay.

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MOVE Token Soars to $3B Market Cap After Massive Airdrop

MOVE has token just dropped a massive bomb in crypto. It hit a super $3B market cap after this mental airdrop. Binance launched it with a 55.82% price jump on day one. Airdropped tokens went to early adopters, with some making a wild $66K. MOVE is now climbing fast and making waves globally.

MOVE token is totally blowing up right now! After dropping a massive airdrop, the token hit a $3 billion market cap, with its price jumping 55.82% to $1.04 on day one. MOVE is the utility token for the Movement Network, which runs on Ethereum’s Layer-2 blockchain—basically, it’s got some serious tech backing.

The big hype started with Binance’s “MoveDrop” airdrop. They gave away 1 billion MOVE tokens to users who participated in Simple Earn products from December 2 to 5. This massive giveaway spread the word, and the token immediately took off. Binance listed MOVE on December 9, and within hours, it shot up to $0.74, hitting $1.04 soon after.

But that’s not all. MOVE also scored listings on major South Korean exchanges like Upbit and Bithumb, which helped it go global. Some lucky users made serious cash, with people claiming to have a score of over $66,000 in MOVE just by farming multiple wallets. With a total supply of 10 billion tokens, 2.25 billion are already circulating, and MOVE is quickly climbing the crypto ranks.

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Nigeria Reopens $35M Money Laundering Investigation into Binance



Nigeria’s EFCC is back at it, accusing Binance of laundering $35M and operating without proper licenses. The case has twists—executives fleeing and one released after U.S. pressure. This crackdown is part of Nigeria’s push to clean up crypto, but it’s sparking debates about balancing regulation and innovation.

Nigeria’s Economic and Financial Crimes Commission (EFCC) is hitting Binance with an amended lawsuit, accusing the crypto giant of laundering over $35 million. The case, filed in Abuja, claims Binance was hiding funds from illegal activities and even doing foreign exchange stuff without a license, something Nigeria’s Bureau de Change has flagged before.

This all started earlier this year when EFCC charged Binance and two of its execs, including Nadeem Anjarwalla, who has since gone on the run. Another exec, Tigran Gambaryan, was locked up for eight months but got released recently due to health issues and pressure from the U.S. government. The charges were updated after Gambaryan’s release.

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The case is part of Nigeria’s bigger crackdown on illegal crypto operations, with the EFCC targeting local firms for things like unlicensed conversions of USD into naira using stablecoins. As the country tightens its grip on digital assets, debates are growing about how much regulation is too much, especially when it comes to protecting investors while still letting the industry grow .

The crackdown reflects a larger trend in Nigeria and Africa, where crypto adoption is rising but so are scams. With Nigeria leading in identity fraud cases, crypto has become a major target for fraudsters.

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Former Binance Executive Files Lawsuit, Claims Bribery Scandal Exposure

Amrita Srivastava, a former executive at Binance, is suing the cryptocurrency behemoth, alleging she was let go for disclosing a bribery scandal in which a coworker reportedly accepted dubious money in order to expedite a customer. Binance disputes this, citing poor performance as the reason for her termination. The case brings Binance’s complex internal strife and compliance problems to light.

So, here’s the tea: Amrita Srivastava, a former senior exec at Binance, just dropped a lawsuit on the crypto giant, saying they kicked her out after she blew the whistle on some seriously shady business.

Amrita worked on Binance’s Link platform and says she caught a colleague pulling a sneaky move—allegedly taking cash disguised as “consulting fees” to fast-track a customer’s onboarding. The kicker is that this dude didn’t even reveal he worked for Binance. She flagged the whole thing to management in April last year, and then boom, she was out of a job a month later.

Binance, also says it’s not what it looks like. Their take here is Amrita getting fired for her “poor performance,” and it had nothing to do with her whistleblowing. According to Binance they already knew all that and stayed silent.

But Amrita isn’t buying it. She joined Binance in 2022, thinking it’d be all about leveling up compliance and doing crypto right. Instead, she says it was chaos central, with everyone focused on chasing revenue, even if it meant sketchy moves like dealing with Iran-linked clients.

“I couldn’t just look the other way when someone straight-up scammed a customer. Asking for bribes? Defrauding clients? That’s not a gray area—it’s just wrong,” Amrita said.

She’s taking her case to a UK tribunal, where whistleblowing payouts are uncapped. Translation: if she wins, Binance could owe her a serious bag.

Meanwhile, this lawsuit comes as Binance is already in hot water for paying $4.3 billion to settle U.S. anti-money laundering violations. Yikes.

The case isn’t just about Amrita; it’s another messy chapter in Binance’s ongoing saga, giving us all a peek behind the curtain at one of crypto’s biggest players.

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Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

The crypto market’s on the rise, and Solana (SOL) is absolutely crushing it on the game, crossing $260, and Binance Coin (BNB) is just chilling, waiting for its next move. Solana’s hype is real, with predictions to hit $1,000+ by 2025, while BNB might soon break out and hit $1,000.

The crypto market has been on a constant rise of a while now and it continues to grow even bigger everyday. Solana’s token SOL swung high up and soared past $260 recently. Meanwhile, Binance is also preparing itself for a massive jump very soon.

Solana Prediction Till 2025

Solana (SOL) is going off hard right now. It’s been outpacing a lot of top altcoins, with its price skyrocketing 60% this month, crossing $260. Over the past week, it’s up more than 25% and looks set to close above $270 for the week.

Solana may swiftly surpass $300 if it can merely break above $265, which would increase investor confidence. Top cryptocurrency Gs are rather optimistic on it, and indicators like the 20 VWMA and the 14-day RSI are also displaying additional higher momentum.

According to well-known pundits like blue_collarvest, Solana might reach $1,300 by 2025. CryptoYapper predicts that in the upcoming six to twelve months, it will rise between $1,000 and $1,200. Given the increasing interest in memecoins, Solana is among the greatest cryptocurrencies to wager on at the moment.

Binance Coin (BNB): Returning Soon!

Binance Coin (BNB), the top token from the Binance exchange, hasn’t been doing that great this week. Solana has recently passed it, and BNB holders are hoping for a better run ahead. The price went up 7% in the last month and 4% this week, sitting just above $630.

Even though it’s had a slow week compared to coins like SOL, ADA, and XRP, experts believe BNB’s preparing itself for a big jump. Key indicators show it’s trading above important levels, like the 10-EMA ($619) and 10-SMA ($621), suggesting the price might go up soon.

Analysts are still bullish on BNB, predicting solid gains. CryptoFaibik set a mid-term price target of $1,000, while Blockcastcc thinks that if it breaks above $662, it could surge all the way to $1,630, making it one of the top cryptos to watch.

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Binance Margin Expands with New USDC Trading Pairs

Latest news: Binance Margin now offers new USDC trading pairs for all Cross and Isolated Margin. This has made it way easy to diversify portfolios and tweak different trading strategies. Now users can stay relaxed and remain informed on margin limits and risks while enjoying more stablecoin options. As always, trade smart and know the risks!

Binance, a leading global cryptocurrency that is known for its wide range of trading services, including spot, margin and futures trading and plus innovative ideas for financial products and solutions for users worldwide, has made a huge announcement about the addition of new USDC trading pairs on its Margin platform. This addition is specifically for Cross and Isolated Margin options. This move will possibly enhance the trading  experience largely by offering more choices for portfolio diversification and flexible trading strategies, according to Binance.

Fresh USDC Pairs, More Wins

USDC pairs, the fresh drop by Binance Margin will give traders way more space to work with and give more ways to diversify, flex their strategies and adapt to market moves. It’s all about levelling up options and making trades smoother for everyone.

However there are some important considerations to be taken, users need to consult the updated list of marginable assets and familiarize themselves with specific limits, collateral ratios, and rates on the Margin Data page. Also note whether the original English content and translations are trustable. Users are highly recommended to use the English version if possible.

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About USDC: Stablecoin You Can Trust

USDC is a stablecoin that is backed by US dollar, issued by the Circle. It keeps its value steady, and holders can cash it out 1:1 anytime. Its absolutely perfect for staying liquid and secure even when the crypto scene is getting wild.

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