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NFT News
Crypto-News-Flash
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FTX News: FTX and Alameda Sue Binance and Changpeng Zhao for $1.9 Billion in Lawsuits
- FTX and Alameda have filed lawsuits seeking $1.9 billion from Binance and Changpeng Zhao.
- The lawsuit is in an effort to recover funds lost in the FTX collapse.
- Alameda has also filed a lawsuit to recover $90 million allegedly misused.
- FTX has filed lawsuits against the team behind Storybook Brawl and Meerun for a total of $27 million.
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Bitcoinist
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Bitcoin Breaks $82,000: Who Is Driving The Market?
- The Bitcoin Coinbase Premium Gap, which measures the price difference between Coinbase and Binance, indicates the market dynamics behind the recent bullish price action.
- Positive values suggest higher buying pressure on Coinbase, driven by American investors and institutional entities, while negative values indicate a higher buying pressure on Binance.
- Sporadic negative spikes in the Premium Gap preceded upward movements in Bitcoin's price, highlighting the influence of buying activity on Binance.
- Bitcoin briefly reached a new all-time high above $82,000 before experiencing a minor pullback to $81,900.
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NullTX
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BINANCE COIN PRICE ANALYSIS & PREDICTION (November 11) – BNB Break Out Of Critical Resistance Area After Five Months, Signals Strong Bullish Move
- BNB broke out of a critical resistance area to a multi-month high.
- The price retraced slightly to test the resistance area as support.
- Market liquidity has increased, indicating potential exponential movement.
- The main target for this breakout is $800, with key resistance levels at $645.2 and $678.
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Guardian
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FTX sues Binance and its former CEO for $1.8bn
- Cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao for $1.8bn.
- FTX alleges that the money was fraudulently transferred by FTX management to Binance and its executives.
- The lawsuit is related to the sale of Binance's stake in FTX, which was acquired in 2019 and sold back in July 2021.
- Binance and Zhao have denied the allegations, and this is the latest battle between the two cryptocurrency firms.
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TechJuice
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FTX Sues Binance and Former CEO Zhao for $1.8 Billion in Fraudulent Transaction Claims
- FTX, the bankrupt cryptocurrency exchange, has filed a lawsuit against Binance and former CEO Changpeng Zhao for $1.8 billion in fraudulent transaction claims.
- The lawsuit alleges that a fraudulent transaction occurred in a share repurchase deal in July 2021, orchestrated by FTX co-founder Sam Bankman-Fried.
- FTX claims that Binance's withdrawal from the investment was financed by approximately $1 billion in depositor funds from FTX.
- Binance has denied the allegations, describing them as meritless, and pledged to defend itself against the lawsuit.
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Cryptoslate
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Binance under fire for allegedly listing pump-and-dump memecoin schemes
- Binance is facing criticism for listing Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), which raised concerns of a possible pump-and-dump scheme.
- Following the unexpected listing by Binance, ACT surged over 1,000% and PNUT saw a rise of around 100% in value.
- The listing strategy for memecoins led to a petition challenging Binance's practices, claiming that it promotes unfair launches benefiting insiders while harming retail investors.
- There are speculations that Binance may be embracing memecoins to prevent users from moving to decentralized exchanges.
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Pymnts
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FTX Blasts Binance’s ‘Campaign to Destroy’ in $1.8 Billion Lawsuit
- FTX is suing Binance and its former CEO for $1.8 billion.
- The lawsuit claims a fraudulent share deal and a campaign to destroy FTX.
- FTX argues that the share deal should not have gone forward and alleges that Zhao orchestrated a FUD campaign against FTX.
- This lawsuit is the latest action by FTX to recover lost funds for its creditors.
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99Bitcoins
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FTX Declares War On Binance And Zhao For Triggering A Liquidity Crises
- FTX, the bankrupt crypto exchange, has filed a $1.8 billion lawsuit against Binance and its former CEO Changpeng Zhao.
- FTX accuses Binance of exacerbating its financial instability by selling off a large portion of its FTT holdings.
- The announcement led to panic among investors, triggering a massive sell-off of FTT tokens and eventually forcing FTX to file for bankruptcy.
- Zhao denies any wrongdoing and claims Binance acted responsibly by selling its FTT tokens after concerns arose.
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Bitcoinsensus
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FTX Sues Binance and CZ Zhao, Seeks $1.8B Over Fraud Claims
- FTX has filed a lawsuit against Binance and CZ Zhao, seeking $1.8 billion in damages.
- FTX alleges that Binance and its executives received $1.75 billion fraudulently in a 2021 buyback deal.
- The lawsuit aims to recover the funds transferred by Sam Bankman-Fried in FTT, BNB, and BUSD tokens.
- This legal action highlights the growing demand for transparency and accountability in the cryptocurrency market.
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Insider
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Binance CEO calls Trump's election victory a 'big win for crypto' as bitcoin hits a new high
- Binance CEO Richard Teng sees Trump's election victory as a big win for crypto.
- Bitcoin's value surpasses $80,000 for the first time following Trump's win.
- Trump's campaign was fueled by crypto-friendly pledges, making him a staunch supporter of digital currency.
- Bitcoin's market cap reaches $1.6 trillion, exceeding Meta, Tesla, and Berkshire Hathaway.
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TheNewsCrypto
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FTX Sues Binance and CZ for $1.8B Over Fraudulent Transfer
- FTX is suing Binance and Changpeng Zhao (CZ) for $1.8 billion over a 2021 share repurchase deal.
- The lawsuit alleges the deal was fraudulent due to FTX’s insolvency at the time.
- FTX claims that the repurchased shares were essentially worthless due to their financial instability.
- FTX also accuses Zhao of exacerbating the situation with damaging public statements.
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Crypto-News-Flash
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Binance Hits Big: 17 Memecoins Listed in 2024
- Binance added 17 memecoins in 2024, with strong gains across most tokens and diverse blockchain representation.
- Memecoin market cap on Binance exceeds $100 million, highlighting growing interest and adoption in crypto communities.
- 80% of the listed memecoins have animal-themed memes, with Solana being the preferred blockchain choice.
- Binance's inclusive listing approach and introduction of new Solana-based tokens contribute to the expansion of its memecoin portfolio.
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Medium
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Why Your Business Should Invest in NFT Development
- NFTs represent unique digital assets on the blockchain, allowing for ownership, authenticity, and provenance. Valued at approximately $892.5 million in 2022, it is projected to reach around $231.98 billion by 2030.
- Investing in NFT development allows businesses to tap into new revenue streams.
- NFTs offer a novel way to engage with customers, enhance customer engagement and foster a deeper connection with their audience.
- One of the key advantages of NFTs is their ability to provide verifiable proof of ownership and authenticity, building trust among consumers.
- The versatility of NFTs allows businesses to diversify their asset portfolios. Companies can explore various types of NFTs beyond art, broadening their market reach and appeal.
- As the NFT market continues to grow, early adopters stand to gain a competitive edge. This proactive approach not only attracts tech-savvy customers but also sets the stage for future growth as the market matures.
- Artists and creators can tokenize their work as NFTs, allowing them to sell directly to consumers while retaining a portion of future sales through smart contracts. This model not only increases artists’ earnings but also democratizes access to art.
- The gaming industry has embraced NFTs for in-game assets that players can buy, sell, or trade outside the game environment.
- NFTs can simplify real estate transactions by tokenizing properties or shares of properties on the blockchain. This method enhances transparency and reduces fraud while allowing fractional ownership.
- NFTs can be utilized for event ticketing, providing secure and verifiable tickets that reduce fraud and scalping while offering unique benefits for holders.
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99Bitcoins
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Is Kira Next? Binance Goes Crazy Listing AI Meme Coins
- Binance listed ACT crypto today, which went up over 15x in just hours.
- Kira is the first deployed AI Agent by Infera on the Infera network.
- Infera is an open-source LLM network that uses deep learning algorithms for NLP tasks.
- Kira has a market cap of around $5-7 million and could be the next listing on top-tier exchanges.
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24 Likes
Cryptoslate
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FTX sues Binance and Changpeng Zhao for $1.8 billion over alleged financial sabotage
- Crypto exchange FTX has filed a lawsuit against Binance and Changpeng Zhao, seeking $1.8 billion.
- FTX alleges that Binance's early involvement and Zhao's actions contributed to its financial downfall.
- FTX aims to hold Binance and Zhao accountable for actions that decimated its financial stability.
- FTX alleges that Zhao's tweets obstructed its efforts to secure emergency funding.
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