2024

Bitcoin

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Binance saw 44,000 Bitcoin withdrawn in a single day following heightened regulatory scrutiny by the U.S. government.</strong></li> 
 <li><strong>Simon Dixon argues that the U.S. government’s influence over Binance’s compliance protocols extends to broader geopolitical actions.</strong></li> 
 <li><strong>Dixon warns that freezing Palestinian accounts could exacerbate humanitarian concerns, advocating for the self-custody of Bitcoin.</strong></li> 
</ul> 
<p>Investor Simon Dixon reported a significant Bitcoin withdrawal from Binance, with approximately 44,000 BTC (worth around $3 billion) leaving the platform in a single day. This news coincides with recent regulatory scrutiny faced by Binance, including a settlement with the U.S. Department of Justice (DOJ). Bitcoin prices also dipped, reflecting a volatile market sentiment, falling 4.68% to $59,174.53 in the past 24 hours.</p> 
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   <p lang="en" dir="ltr">44,000 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> ($3bn) have been withdrawn from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> today<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f5-1f1f8.png" alt="🇵🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Free Palestine. <a href="https://t.co/f3ruDV2QiO" target="_blank" rel="nofollow">https://t.co/f3ruDV2QiO</a> <a href="https://t.co/EmvNPRcGUc" target="_blank" rel="nofollow">pic.twitter.com/EmvNPRcGUc</a></p>— Simon Dixon (@SimonDixonTwitt) <a href="https://twitter.com/SimonDixonTwitt/status/1828803430816907311?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 28, 2024</a>
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<p>Binance’s compliance operations are now overseen by a U.S.-appointed team, essentially functioning under federal regulations similar to a bank. This follows a DOJ settlement that has inte…</p>
<p>The post <a href="https://coinedition.com/binance-outflow-u-s-scrutiny-sparks-bitcoin-exodus/">Binance Outflow: U.S. Scrutiny Sparks Bitcoin Exodus</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance Outflow: U.S. Scrutiny Sparks Bitcoin Exodus

Coin Edition

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