Binance founder Changpeng Zhao (CZ) foresees Bitcoin transitioning from a speculative investment to a widely used utility asset within the next decade, driven by increased adoption by nation-states and a shift in public perception. He anticipates significant price growth but avoids specific predictions, emphasizing the limitless potential of Bitcoin.
The BRETT meme coin experienced a remarkable 17% weekly surge, surpassing the performance of Dogecoin and Shiba Inu. This unprecedented growth, fueled by anticipation of a major exchange listing, propelled BRETT to a $2 billion market cap. Experts analyze the factors contributing to this meteoric rise and discuss the potential impact of future listings.
Binance CEO Changpeng Zhao expresses concerns over the proliferation of meme coins, highlighting the risks associated with their easy creation and the potential for scams and exploitation. A recent report reveals the overwhelming failure rate of promoted meme coins, underscoring the need for responsible behavior from platforms and influencers.
The US Department of Justice is seeking to seize $16 million in cryptocurrency held in a Binance account, allegedly linked to bribes authorized by former FTX CEO Sam Bankman-Fried. The funds, including Solana, Avalanche, Ripple, Cardano, and Internet Computer tokens, are believed to have originated from illicit transactions related to Bankman-Fried’s attempt to bribe Chinese officials in 2021.
Binance has come under fire for listing Peanut the Squirrel (PNUT/USD), a meme coin on Solana (SOL/USD) inspired by the late social media pet squirrel Peanut, whose unexpected death triggered a surge in related tokens. Critics accuse Binance of capitalizing on high-risk, low-liquidity coins, while others have profited from the volatility. This controversy raises questions about Binance’s listing practices and investor protection in the cryptocurrency market.
In a major development in the FTX bankruptcy saga, the collapsed cryptocurrency exchange has filed a lawsuit against Binance, its former CEO Changpeng Zhao, and top executives, accusing them of receiving $1.76 billion in cryptocurrencies through fraudulent transfers. The lawsuit alleges that Binance’s repurchase agreement with Sam Bankman-Fried, the convicted FTX co-founder, involved the unlawful sale of FTX stakes using a mix of cryptocurrencies, including FTX token, BNB, and Binance USD.
Binance CEO Changpeng Zhao, facing legal consequences for money laundering charges, revealed an unexpected encounter in prison: guards asking him for cryptocurrency investment tips. This incident underscores the growing mainstream interest in cryptocurrency, even within correctional facilities.
President Joe Biden has commended Nigerian President Bola Tinubu for his role in securing the release of Binance executive Tigran Gambaryan, a U.S. citizen, on humanitarian grounds. The move follows months of detention and legal proceedings in Nigeria, where Gambaryan faced money laundering charges. Biden’s statement highlights the importance of bilateral cooperation in combating illicit finance and cryptocurrencies.
The Bhutanese government has transferred a significant portion of its state-owned Bitcoin holdings to Binance, raising speculation about potential profit-taking amid the recent surge in cryptocurrency prices. The move follows a four-month hiatus in transactions, adding further intrigue to the situation.
Binance Blockchain Week 2024, themed “Momentum”, is set to take place in Dubai, UAE, from October 30th to 31st. This event, featuring industry leaders like Changpeng Zhao (CZ) and Richard Teng, will focus on the advancements of blockchain technology, its regulatory landscape, and its societal impact. Attendees will engage in discussions about the future of Web3, exploring how “Momentum” will shape the industry’s trajectory. A highlight of the event will be the BNB Chain Ecosystem Airdrop, allowing attendees to tap NFC cards with their phones to receive a random airdrop of popular tokens, including BNB and FDUSD, fostering an engaging “Tap2Earn” experience. The Innovation Stage will showcase cutting-edge platforms and tools, highlighting advancements in DeFi, NFTs, and other emerging trends, providing a unique opportunity for attendees to stay ahead of the curve.
