Category Archives: Binance
Solana (SOL) & Binance Coin (BNB) Price Prediction This Week – Watcher Guru
Solanaand Binance Coin have established their presence in the cryptocurrency market. Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. As a blockchain network, it competes directly with other platforms, such as Ethereum.
BinanceCoin (BNB) reignited its price recently after undergoing key technical tests. With Bitcoins stagnation above $66,000 contrasting with BNBs sudden spike near the $600 level, the top exchange token looks poised to retest critical upper resistance levels soon.
However, the recent market slump had affected both coins. SOL is down by 20% in the last two days and BNB by 3%. With the whole cryptocurrency market being volatile, here is our price prediction for Solana and Binance Coin for the week.
Also read: 4 Meme Coins To Watch As Bitcoin (BTC) Reclaims $70,000
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solanas SOL can shoot up or go down in price during the week.
Based on its behavior at the start of 2024, cryptocurrency experts atChangellyoffer their price prediction for Solana SOL for the week. For this timeframe, SOLs minimum price is anticipated to be $141, and its maximum is anticipated to be $143. Changelly experts predict that the SOL price is unlikely to reclaim the $150 level this week.
Also read: Dogecoin: DOGE Price Prediction During Bitcoin Halving
BNB had broken the key $600 psychological level recently. However, it was shortlived as the price slumped alongside the whole cryptocurrency market cap.
Drawing insights from BNBs behavior at the beginning of 2024, cryptocurrency experts atChangellyhave offered their price projection for Binance Coin for the week.
Also read: Shiba Inu: AI Forecasts SHIB Price For April 15, 2024
During this period, it is anticipated that the coins price may reach an average of $548. Within the same period, the minimum expected price is $550, while the maximum price target is set at $578. However, the entire prediction could depend on the overall market sentiment.
See the article here:
Solana (SOL) & Binance Coin (BNB) Price Prediction This Week - Watcher Guru
Binance US Welcomes Ex-Fed Officer to Steer Compliance – CoinGape
Ernst & Young Adopts Polygon PoS for Contract Management Service
Ernst & Young (EY), one of the leading global accounting firms, has announced a major step forward in enterprise contract management by leveraging blockchain technology. The company has introduced OpsChain
3 hours ago 24/7 Cryptocurrency News
See the rest here:
Binance US Welcomes Ex-Fed Officer to Steer Compliance - CoinGape
Binance.US Appoints NY Fed Chief Grant Martin To Board – Cryptonews
Last updated: April 16, 2024 17:27 EDT | 2 min read
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US, the crypto exchange announced in a Tuesday blog post.
According to the companys announcement, Martin worked at the Fed for over 30 years, serving in his aforementioned role from 2005 to 2022.
Most recently, Martin was the Global Head of Regulatory Affairs & Integrity at crypto-asset firm JST Digital.
The addition of a director of Martins caliber to the Binance.US Board reflects the strength of our business and demonstrates our commitment to maintaining the highest standards of compliance and integrity, said Binance.US Interim CEO Norman Reed. We look forward to benefiting from his expertise and counsel as we continue to navigate the current regulatory environment and position Binance.US for long-term growth and success.
The latest addition to the Binance.US board comes just months after the worldwide digital asset exchange found itself in hot water with U.S. regulators.
In November 2023, former global Binance CEO Changpeng Zhao was charged with failing to instill an anti-money laundering program up to par with the Bank Secrecy Act, and subsequently agreed to step down from his role at the crypto exchange.
As part of an agreement with federal authorities, Binance and CZ were also ordered to pay $4.3 billion in restitution to cover civil regulatory actions.
The hiring of Martin would seemingly help Binance circumvent further regulatory issues, particularly given the former Fed officials track record with implementing anti-money laundering programs.
It is an honor to join the Binance.US Board and be part of an organization built from the ground up to connect Americans to the digital asset industry in a safe, responsible, and compliant manner, said Martin. The American digital asset industry is at an inflection point, and I am excited to help guide the future of one of the countrys most influential and customer-centric crypto platforms.
Zhao is currently facing a maximum penalty of ten years in U.S. prison, however, his actual sentence will largely depend on sentencing guidelines and the courts discretion. His sentencing is currently scheduled for April 30th.
Martins appointment to Binance.US could signal an internal shift towards regulatory compliance for the global crypto exchange as they seek to recover public trust following the legal scandal.
See the article here:
Binance.US Appoints NY Fed Chief Grant Martin To Board - Cryptonews
Nigeria Government Want Extradition for Binance Exec Found in Kenya: Report – CryptoPotato
Our website is a comprehensive guide to digital currency investing & trading.Here are a few suggestions to get started, and get the most from us:
Begin with Bitcoin for Beginners.
Get the edge with our exclusive Bitcoin and cryptoguides.
Check out our Crypto YouTube channel, that includes beginners and advanced tutorial videos and market updates. Dont forget to subscribe!
Read this article:
Nigeria Government Want Extradition for Binance Exec Found in Kenya: Report - CryptoPotato
Option2Trade (O2T) Trends As New Binance (BNB) Coin After Rallying 500% and Releasing Platform ‘Preview’ – Crypto Reporter
Option2Trade (O2T) represents such a paradigm shift, rapidly emerging as a significant contender against the established dominance of Binance (BNB). Following a remarkable 500% rally and the strategic release of its platform preview, O2T has captivated the markets attention, drawing parallels to the early days of Binance (BNB) when it was itself an upstart rising rapidly through the ranks.
A Meteoric Rise to Prominence
The journey of Option2Trade (O2T) from a fledgling startup to a potential market leader is nothing short of spectacular. Initially pegged as just another entrant in the crowded space of crypto exchanges, the trajectory of Option2Trade (O2T) began to mirror historical rises seen by giants like Binance (BNB). This resemblance is not coincidental but a result of deliberate strategic initiatives and technological prowess. Option2Trade (O2T)s platform leverages cutting-edge blockchain technology with a user-centric interface, echoing the early innovations that Binance (BNB) introduced to capture the market.
Strategic Platform Preview Release
Option2Trade (O2T) recently unveiled a preview of its trading platform, a move seen as both bold and strategic. This early glimpse not only allowed users to familiarize themselves with Option2Trade (O2T)s capabilities but also served to reassure potential investors of its robust infrastructure and future readiness. Similar to how Binance (BNB) disrupted the market with advanced trading features and low transaction fees, Option2Trade (O2T) is positioning itself as the next evolution in trading platforms, focusing on security, scalability, and user engagement.
O2T vs. Binance (BNB): A Comparative Study
When comparing Option2Trade (O2T) with Binance (BNB), several key factors emerge that highlight the competitive potential of O2T. Like Binance (BNB) at its inception, O2T is not just riding the wave of existing crypto trends but seeking to create its own. It introduces AI-driven analytics and decentralized finance (DeFi) integrations that cater to both seasoned traders and newcomers, a strategy that mirrors Binance (BNB)s approach of continual innovation and adaptation.
The platforms architecture promises enhanced transaction speeds and improved reliability, issues that have occasionally hampered even the most established platforms like Binance (BNB). Moreover, Option2Trade (O2T) emphasizes regulatory compliance and security measures, learning from the challenges and setbacks faced by other exchanges, including Binance (BNB).
Future Outlook and Market Projections
The potential of Option2Trade (O2T) extends beyond just its technological offerings. Analysts predict a bright future, with potential gains reaching up to 2000% post-Tier-1 listing. Such growth is contingent upon maintaining momentum and capturing a significant portion of market share from Binance (BNB), which continues to lead the sector in terms of volume and user base.
As the crypto market continues to mature, the ascendancy of platforms like Option2Trade (O2T) is crucial for the next wave of innovation and user engagement. Whether O2T will sustain its initial success and truly rival Binance (BNB) remains to be seen. However, its promising start, strategic market entries, and robust platform suggest that O2T may indeed be on the path to becoming a new beacon in the cryptocurrency exchange landscape.
For more information on the Option2Trade (O2T) (O2T) Presale: Use promo code O2TLaunch to get 15% bonus Visit Option2Trade (O2T) (O2T)
Join and become a community member: https://t.me/O2TOfficial https://twitter.com/Option2Trade (O2T)
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.
Visit link:
Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody – Blockchain.News
Nadeem Arjarwalla, a senior official of Binance, escaped from detention in Nigeria, and the Nigerian authorities was able to track him down in Kenya . Arjarwalla is charged with participating in operations that caused major disruptions in the Nigerian naira exchange rate market .
Arjarwalla's cover was exposed after he arrived in Kenya, and the Nigerian government moved quickly to arrange for his extradition so he could face the accusations made against him. To speed up the extradition procedure, the Nigeria Police Force, the Kenyan Police Service, the International Criminal Police Organisation (Interpol), and the Economic and Financial Crimes Commission (EFCC) are collaborating.
The Nigerian government's cooperation with foreign law enforcement agencies, as well as the governments of the United States, the United Kingdom, and Kenya, is indicative of their resolve to repatriate Arjarwalla to Nigeria. Ola Olukoyede, the chairman of the EFCC, said that the agency is collaborating closely with these organisations to guarantee Arjarwalla's smooth extradition.
Concerns about the security protocols in place have been highlighted by Arjarwalla's escape from prison in Nigeria. The troops tasked with keeping an eye on Arjarwalla have been taken into custody by the Nigerian government, which is also carrying out extensive inquiries into the situation. The continuing investigations are being conducted by special investigators from a variety of security and intelligence organisations, including the National Intelligence Agency, the Department of State Services, the Police, the EFCC, and the military.
Arjarwalla and Binance Holdings Limited face accusations of tax evasion, currency speculation, and money laundering, with an estimated $35.4 million in total at stake. The Office of the National Security Adviser has handed over case management to the Nigerian government, and Tigran Gambaryan, Arjarwalla's partner, is being held by the EFCC.
Arjarwalla, Binance, and Gambaryan will all be charged in absentia, according to sources with direct knowledge of the case. In addition, Binance Holdings Limited, Arjarwalla, and Gambaryan have been charged by the Nigerian government for their failure to register with the Federal Inland Revenue Service and pay applicable taxes.
The Nigerian government's campaign against individuals accused of financing terrorism and money laundering includes the extradition procedure as a key measure. The government's commitment to fighting financial crimes and protecting the integrity of Nigeria's financial system is shown by its cooperation with foreign law enforcement authorities and its will to bring Arjarwalla back to his home country.
. . .
Original post:
Binance Executive Nadeem Anjarwalla Traced to Kenya Amid Nigerian Charges – Blockonomi
In a significant development, the Nigerian government has successfully traced the whereabouts of Nadeem Anjarwalla, Binances regional head for Africa, who fled the country on March 22 amidst charges of tax evasion and money laundering leveled against him, the crypto exchange, and another executive, Tigran Gambaryan.
According to sources within the Nigerian presidency, Anjarwalla has been located in Kenya, and authorities are now working closely with Interpol and Kenyan law enforcement to secure his extradition back to Nigeria.
The collaborative effort, codenamed Op Gen. Cash Integrity, involves the Economic and Financial Crimes Commission (EFCC), Interpol, and the Nigerian and Kenyan Police Forces.
Anjarwalla, along with Binance and Gambaryan, faces a five-count charge ranging from tax evasion to fiscal speculation, with the primary allegations centered around the misappropriation of $35.4 million in public funds.
The Naira-Binance conversion feature is also under investigation, as Binance is accused of undermining the stability of Nigerias foreign exchange market.
Reports suggest that Anjarwalla managed to flee Nigeria using a Kenyan passport, while his United Kingdom passport remained in the custody of Nigerian authorities. Immigration officials are now investigating how he obtained the Kenyan passport without other travel documents.
Meanwhile, Tigran Gambaryan, Binances head of financial crime compliance, remains in Nigerian custody after being detained in late February 2024. Gambaryan has pleaded not guilty to the charges, and his wife has launched a petition calling for his release and return to the United States.
Binance has also appealed for Gambaryans acquittal, asserting that he held no decision-making power in the company. His case has been adjourned until April 19 at the request of the Federal Inland Revenue Service (FIRS).
The case highlights the growing scrutiny on cryptocurrency exchanges and the challenges they face in navigating various regulatory environments. The Nigerian governments crackdown on suspected money launderers and terrorism financiers has led to allegations that some individuals were using the Binance platform for criminal activities, including money laundering, terrorist financing, currency speculation, and market manipulation.
The developments in Nigeria follow Binances recent guilty plea in the United States, where the exchange agreed to pay $4.3 billion to settle criminal money laundering charges. Binances founder and CEO, Changpeng Zhao, also pleaded guilty and agreed to resign, with his criminal trial postponed to April 30, 2024, by a U.S. court.
See the original post here:
Binance Executive Nadeem Anjarwalla Traced to Kenya Amid Nigerian Charges - Blockonomi
Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition – Cryptonews
Last updated: April 15, 2024 03:12 EDT | 2 min read
The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya.
Anjarwalla had managed to escape custody in Nigeria, but his cover was blown upon his arrival in Kenya, according to areport from Nigerian media outlet The Punch.
The report also said there have been intensified discussions between the Economic and Financial Crimes Commission (EFCC), the International Criminal Police Organization (INTERPOL), the Nigeria Police Force, and the Kenyan Police Service, aimed at expediting Anjarwallas extradition.
We have found him. We know where he is. He is in Kenya, and were working with the authorities to bring him back to Nigeria, one source told the media outlet.
Another source, closely connected to the matter, has confirmed the ongoing joint efforts between the Nigerian government, security agencies, Kenyan authorities, and INTERPOL to ensure Anjarwallas return to Nigeria to face the charges against him.
The EFCC Chairman, Ola Olukoyede, confirmed in the agencys March edition of the EFCC Alert bulletin that the commission was working in partnership with INTERPOL, the United States Federal Bureau of Investigation (FBI), the governments of the United Kingdom, Northern Ireland, and Kenya to extradite Anjarwalla.
The charges against Binance Holdings Limited and its chief executives, Tigran Gambaryan and Nadeem Anjarwalla, include tax evasion, currency speculation, and money laundering amounting to $35.4 million.
Court documents reveal that charges were filed against Binance Holdings Limited, Tigran Gambaryan, and Nadeem Anjarwalla (now at large) on March 28, 2024, before the Federal High Court of Nigeria in Abuja.
The charges include engaging in specialized financial business without a valid license, conducting business as a financial institution without authorization, unlawful negotiation of foreign exchange rates, conspiracy to conceal the origin of illicit funds, and money laundering.
Additionally, on March 22, the Nigerian government filed another four-count charge against Binance Holdings Limited, Anjarwalla, and Gambaryan, accusing them of offering services to subscribers on their platform without registering with the Federal Inland Revenue Service and failing to pay relevant taxes.
Last week, detained Binance executive Tigran Gambaryanpleaded not guiltyto four counts of money laundering charges in Nigeria.
In his defense, Gambaryan emphasized that he should not be held accountable for Binances activities in Nigeria, as he does not possess decision-making authority in the companys business operations.
His lawyer, Chukwuka Ikuazom, argued that Gambaryan could not enter a plea on behalf of his escaped colleague who was also served with charges.
However, Judge Emeka Nwite rejected Gambaryans defense argument and ruled that Gambaryan acted as Binances representative during previous trips to Nigeria, citing local laws.
A person who has no physical presence in Nigeria but has a physical agent in Nigeria can be duly served through that agent.
As reported, Gambaryanscase was adjourneduntil April 19, but according to recent reports, the hearing for bail consideration has been further adjourned to April 18.
Original post:
Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition - Cryptonews
Ethereum Rebounds Above $3,150 After Binance Whale Activity – Crypto Times
After briefly dipping below $3,000 due to the Israel-Iran conflict, Ethereums price has bounced back strongly, surpassing $3,150. This resurgence is fueled by whales buying significant amounts of ETH from exchanges during price dips.
One notable transaction involved a withdrawal of 16,300 ETH worth $51.1 million from Binance to a wallet linked with Matrixport. This adds to previous withdrawals totaling 67,286 ETH valued at $228.33 million since March 29, indicating strategic moves in the crypto market.
Another major player acquired 1,000 ETH worth $3.15 million during the market downturn, adding to their total holdings of 8,300 ETH worth $25.12 million.
Long-term investors also adjusted their holdings, selling off 55,368 ETH worth $204 million from the recent peak. However, during the latest dip, only 31,165 ETH worth $101.4 million were sold from long-dormant supplies.
The reduction in selling pressure by $104 million between price extremes could positively impact Ethereums price trend in the near future, especially if Bulls manage to push the price above $3,200.
Also Read: Will Ethereum Reach $10,000 After Bitcoin Halving 2024?
More:
Ethereum Rebounds Above $3,150 After Binance Whale Activity - Crypto Times