Altcoin News Official TheBitTimes.com

Binance founder Changpeng Zhao (CZ) has revealed the breakdown of his crypto investment portfolio, showing one asset is by far his largest holding. According to a new post on Binance Square, 98.48% of Zhao’s crypto portfolio is in BNB, the native asset of Binance. His portfolio also consists of 1.32% Bitcoin (BTC) as well as two stablecoins, 0.17% EURI and 0.03% USDT. Zhao revealed his portfolio using Binance Square’s new feature that allows users to share their trading portfolio. “Binance Square is enhancing transparency with its latest feature, Trader Profile, enabling users to publicly share their crypto portfolio allocation. Binance co-founder and former CEO Changpeng ‘CZ’ Zhao has opened his Trader Profile, showcasing his holdings and reinforcing his confidence in Binance’s ecosystem.” Zhao is prohibited from returning to Binance leadership following his four-month sentence for violating U.S. anti-money-laundering ...

U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said the regulator will continue to pursue cryptocurrency exchange s that break the law. In a statement quoted by Business Insider, the commissioner emphasized that “there are no pirate ships in US markets” and that “access to American customers is a privilege, not a right.” Romero added that the CFTC will not tolerate the use of virtual private networks (VPNs) and other services that help users circumvent know your customer (KYC) rules, including pop-up questions that simply ask users to confirm that they are not located in the United States. “It should be crystal clear that the CFTC will not stop in its pursuit of non-U.S. entities.” Caroline D. Pham, CFTC Commissioner Statements by representatives of the regulator came against the backdrop of several high-profile proceedings against the largest cryptocurrency exchange s. You might also like: CFTC files legal ...

Binance and its native token BNB (BNB) social mentions increase as allegations of market manipulation gain momentum. Market intelligence platform Santiment disclosed that Binance ranks first among the fastest-rising trending topics in the crypto scene, with BNB securing the third position. A recent report sheds light on the growing social mentions and discussions surrounding them. #Binance and $BNB are currently the first and third (respectively) fastest rising topics in #crypto. Major allegations point to #CZBinance continuing to actively sell off their share of #Bitcoin to support their own native token and keep it propped up above key support levels. pic.twitter.com/hX7Mun6MuF — Santiment (@santimentfeed) August 23, 2023 Assignments hinting at Binance’s potential involvement in market manipulation are central to the discussions. The allegations imply that Binance CEO Changpeng Zhao is dumping Bitcoin (BTC) to bolster the value of BNB and maintain its position abov...

Binance in Kazakhstan: Dividends of Relationship With Authorities As announced by Binance , the launch of its trading platform in Kazakhstan came following the receipt of the permanent license from the AIFC Financial Services Authority (AFSA) last year. advertisement Binance Chief Executive Officer Changpeng ‘CZ’ Zhao led a visitation to the country’s President Kassym-Jomart Kemeluly Tokayev back in October last year. The visit saw the organization and the Kazakhstan government sign a Memorandum of Understanding (MoU) to help foster digital innovation in the country.  The newly launched exchange can be dubbed the dividends of the association and the exchange’s prospective users in the country can now trade crypto with government-issued certainty. The trading platform will be focused on exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets. According to Binance, the suite of services will be...