Features Crypto News by Thebittimes.Com

Former Binance CEO Changpeng Zhao, aka CZ, denied a report by the Wall Street Journal (WSJ) that the Trump family had sought to buy a stake in the US arm of Binance, while saying he’s open to a presidential pardon. ”Sorry to disappoint,” CZ wrote in a March 13 post on X. ”The WSJ article got the facts wrong.”  The WSJ cited sources familiar with the matter as saying the Trump family had held talks with representatives of Donald Trump’s family last year to acquire a stake in Binance.US , the US business of the world’s largest crypto exchange, At the same time, it added, billionaire Binance co-founder CZ has been ”pushing for the Trump administration to grant him a pardon.” CZ Hits Back At WSJ Report CZ hit back at the WSJ in his post on X, saying its article is a politically motivated “attack on the President and crypto.” He added that the “residual forces” that were responsible for the “war o...

The Binance Coin price has jumped 1% in the last 24 hours to trade at $634 as of 3:30 a.m. EST on a 2% increase in trading volume to $1.98 billion. The uptick in the BNB price follows Changpeng Zhao’s announcement of an ambitious roadmap for BNB Chain by 2025. His vision includes achieving sub-second block finality, scaling to 100 million transactions per day, and introducing gasless transactions. BNB Chain in 2025: 🔸Sub-second block finality 🔸100 million tx per day 🔸Gasless tx 🔸Smart wallet 🔸AI 🔸Memes 🔸Dev tools Also: 🔸DeSci 🔸DePIN 🔸RWA 🔸Gov efficiency 🔸And more… So much to build! https://t.co/Hgbp0tvygr — CZ 🔶 BNB (@cz_binance) February 11, 2025 Additionally, the roadmap focuses on developing smart wallets, integrating AI, and enhancing memes and developer tools. Zhao also aims to advance DeSci, DePIN, RWA, and government ...

The sudden uptick in outflows may have been caused by market makers leaving the exchange. Binance appears to be suffering from a decline in liquidity. A report from crypto analytics firm, Nansen, indicates that Binance has had net withdrawals of more than $3.6 Billion from Dec. 7 to Dec. 13. Binance gross outflows have been approximately $8.8 billion, while gross inflows have been around $5.1 billion. Binance Netflow 7D ($) -3,660,311,347 8,783,380,428 - Outflow 5,123,069,081 - Inflow Exchange Flows dashboard ️https://t.co/CYrBQLryQ0 pic.twitter.com/vV6vcqoWKK — Nansen (@nansen_ai) December 13, 2022 In addition, daily net inflows of Ethereum ERC-20 tokens to Binance were more than $2 billion per day back in November, but have reversed into outflows of over $1 billion from Dec. 12-13. Binance ERC-20 Token Flow and Balance. Source: Nansen Analytics According to Nansen technician Andrew Thurman, the drop in liquidity may have been partially caused by large market makers exiting t...

On Dec. 11, Binance issued a notice about abnormal price movements for some trading pairs. As a result, the exchange began an investigation to narrow down suspicious accounts responsible for the issue. Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) token s. Nearly 40 minutes into the investigation, Binance CEO Changpeng ‘CZ’ Zhao revealed that the price movements “appears to be just market behavior.” On Dec. 11 at 3:10 am ET, Binance issued a notice about abnormal price movements for some trading pairs. The exchange began an investigation to narrow down suspicious accounts responsible for the issue. To investors’ relief, Binance’s investigation did not point to the possibility of compromised accounts or stolen API keys. Based on our investigations so far, this appears to be just market behavior. O...

A Dec 7 release from local news outlet Interfax has unveiled the Bank of Russia’s awaited stance on the crypto mining industry. Amid the country’s fresh spotlight on crypto, Russia is imposing new measures on native miners. Russia’s Crypto Mining Bill Per the report, the Russian central bank is not opposed to giving the legal green light to crypto miners. However, the institution believes miners should not be able to sell digital tokens to Russian residents. Instead, miners should trade with foreign exchanges alone. A decision that might hamper miners already stifled by sanctions on the warring country. In mid-November, the lower house of the Federal Assembly of Russia received a bill proposing the legalization of crypto mining. The bill explored a legal definition of mining as it pushed for the nation’s economy to incorporate digital assets. While the BoR has had an unfavorable view of the crypto industry thus far, they somewhat supported the draft bill. The proposal h...