End Of Crypto Bear Market: What Binance BUSD Data Suggests?
The current crypto market rebound comes as a welcome trend for traders after a tough time for most part of 2022. However, macroeconomic scenario does not really reflect a bullish sentiment in the traditional markets as yet. The FTX collapse at the far end of 2022 dealt a body blow to the crypto community. Meanwhile, there seems to be a change of attitude that is driving the altcoin rally currently.
Binance is Now The Biggest Shiba Inu Holder
Etherscan.io data reveals that the world’s largest cryptocurrency exchange, Binance now holds a staggering 83 Trillion SHIB, worth $738,549,274 ($738.54M) in two of its associated wallets tagged “Binance 28” and “Binance 8”.
MATIC Whale Moves Almost $8 Million to Binance, Price Reacts
The price performance of MATIC since the beginning of the year has been considerably strong as the token has gained a noteworthy amount of value thanks to significant buying power that came from whales and large investors. Another large transaction occurred recently as an anonymous whale moved almost $8 million worth of the token to Binance.
U.S. Subpoenas Hedge Funds in Binance Probe: Report
Federal prosecutors have reportedly issued subpoenas to several U.S. hedge funds that have dealt with the world’s largest cryptocurrency exchange, Binance Global Inc., as part of a years-long probe into possible money-laundering rules violations, the Washington Post reported. According to the Washington Post’s two unnamed sources familiar with the matter, The U.S. attorney’s office for the Western District of Washington in Seattle is reportedly seeking records of the subpoenaed firms’ communications with Binance. (forkast)
Hedge Funds Subpoenaed by U.S. Prosecutors As Binance Probe Unfolds
According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle<a href="https://www.washingtonpost.com/technology/2023/01/07/binance-subpoenas-crypto-trading/" target="_blank"> subpoenaed</a> investment firms to provide records of communications with Binance in the past months.
U.S. Subpoenas Hedge Funds in Probe of Crypto Exchange Binance
Federal prosecutors are examining American hedge funds’ dealings with cryptocurrency exchange Binance as part of a long-running investigation into potential violations of money-laundering rules at one of the world’s leading crypto companies.
Massive Crypto Layoffs This Week; SBF Pleaded Not Guilty | Cointime Weekly Jan.1 – Jan.7
SEC had a busy week; US regulators and the Fed jointly issue crypto warnings; Polygon partners with MasterCard; Animoca halves fundraising target.
Binance Joins the Association of Certified Sanctions Specialists (ACSS) to Further Compliance Standards Within the Crypto Industry
The mandated training sessions will be key to equipping Binance’s sanctions team with the latest OFAC guidelines on developing sanctions compliance programs.
Gopax Investors Could Face $471M Loss if Binance Acquisition Fails
According to Chosun on Jan. 6, Gopax is facing a shortfall of 600 billion won (approximately $471 million) from its deposits in Genesis Trading. The funds were reportedly locked in Genesis, before it suspended redemption on Nov. 16, 2022, due to the FTX fallout.
Binance Joins Association To Address Compliance With Global Sanctions
Binance has become one of the first crypto firms to join the Association of Certified Sanctions Specialists, ACSS, in an effort to stay in compliance with global sanctions.
