Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-exchange-faces-regulatory-challenges-and-ceo-resigns/" data-wpel-link="internal">Binance Exchange Faces Regulatory Challenges and CEO Resigns</a><br></p>
<p style="text-align: justify">In a series of events that marked the end of 2023, the world’s largest cryptocurrency exchange <strong><a href="https://en.coin-turk.com/resignations-of-top-binance-executives-could-have-a-major-impact-on-binance-says-stark/" data-wpel-link="internal">Binance</a></strong> and its then-CEO CZ faced an accusation by U.S. regulatory authorities. Following these events, Binance CEO CZ admitted to the wrongdoing and subsequently resigned. Additionally, Binance exchange agreed to pay a fine of $4.3 billion.</p> 
<h2 style="text-align: justify" id="judge-approves-settlement-payment">Judge Approves Settlement Payment</h2> 
<p style="text-align: justify">According to a recent announcement by Bloomberg, a U.S. court has approved the $4.3 billion payment agreement between Binance exchange and the SEC. The judge also approved a compliance monitoring requirement for Binance.</p> 
<p style="text-align: justify">The situation remains uncertain for <strong>CZ</strong>, whose request to leave the U.S. was denied for the third time recently. CZ’s lawyers, who had offered a substantial bail amount in an attempt to lift the travel ban, faced rejection as there was deemed no need for his return.</p> 
<h2 style="text-align: justify" id="bitcoin-and-bnb-price-situation">Bitcoin and BNB Price Situation</h2> 
<p style="text-align: justify">Following the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>, the price of <a href="https://coin-turk.com/unlu-yoneticiden-bitcoin-ve-dogecoin-aciklamasi-bitcoin-1-milyon-dolara-ulasacak-mi" data-wpel-link="internal">Bitcoin</a> experienced an immediate surge, finding itself above $51,000 once again. While Bitcoin’s market cap saw a 1% decrease to a level of $1 trillion, its trading volume also dropped by 7% to just over $23 billion.</p> 
<p style="text-align: justify">On the other hand, the price of BNB, the native token of the Binance exchange, did not react as expected. Despite the end of uncertainties and a general uptrend in the markets, BNB only saw a 1% increase in the last hour, trading at $377.5.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-318964" src="https://coin-turk.com/wp-content/uploads/2024/02/bnb-kac-dolar-coin-turk-com.png" alt="" width="1567" height="857"></p> 
<p style="text-align: justify">At the same time, BNB’s overall volume decreased by 1% to $56 billion, while its 24-hour trading volume also fell by 10% to $1.8 billion.</p> 
<p style="text-align: justify">The crypto community will closely monitor the upcoming developments regarding Binance exchange and BNB token, as well as whether CZ will receive a positive response from the court regarding his expectations.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-exchange-faces-regulatory-challenges-and-ceo-resigns/" data-wpel-link="internal">Binance Exchange Faces Regulatory Challenges and CEO Resigns</a></h5>

Binance Exchange Faces Regulatory Challenges and CEO Resigns

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