{"id":65078,"date":"2023-11-21T02:06:41","date_gmt":"2023-11-21T06:06:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=65078"},"modified":"2023-11-21T03:01:30","modified_gmt":"2023-11-21T07:01:30","slug":"bnb-surges-on-report-of-doj-seeking-4b-settlement-with-binance","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bnb-surges-on-report-of-doj-seeking-4b-settlement-with-binance\/","title":{"rendered":"BNB Surges on Report of DOJ Seeking $4B Settlement With Binance"},"content":{"rendered":"\n

Following a Bloomberg report that the DOJ demanded $4B from Binance to conclude its investigation, BNB reached its highest price since June.<\/a><\/p>\n\n\n\n

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BNB Surges on Report of DOJ Seeking $4B Settlement With Binance<\/figcaption><\/figure>\n\n\n\n

Following Bloomberg's report that the United States Department of Justice is considering a $4 billion settlement with Binance to conclude its investigation into the company, BNB increased by more than 7% the previous day.<\/p>\n\n\n\n

In approximately thirty minutes following a November 20 Bloomberg report that Binance was negotiating a settlement to a Department of Justice investigation into alleged sanctions violations, money laundering, and fraud, BNB surged 6% to $262, according to Cointelegraph Markets Pro.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

Four hours later, the price of BNB declined to $252<\/strong>. However, two days later, on June 7, the Securities and Exchange Commission filed a lawsuit against Binance and CEO Changpeng “CZ” Zhao, alleging they violated various securities laws. BNB then spiked to $266, its highest level since that date.<\/p>\n\n\n\n

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BNB has seen an over 7% gain in the last 24 hours. Source: Cointelegraph Markets Pro<\/figcaption><\/figure>\n\n\n\n

The 24-hour price increase for the Binance-issued token is the greatest among the 75 largest cryptocurrencies by market capitalization. BNB is the fourth largest token by market capitalization at over\u00a0$40 billion<\/strong>.<\/p>\n\n\n\n

BNB market cap +$4b from the post headline low pic.twitter.com\/6T6y3EveLF<\/use><\/svg><\/span><\/a><\/p>— Hsaka (@HsakaTrades) November 20, 2023<\/use><\/svg><\/span><\/a><\/blockquote> \n\n\n\n

Despite the recent surge in price, BNB has gained 6.5% year-to-date but is down 61.4% from its all-time high of $686 on May 10, 2021<\/strong>.<\/p>\n\n\n\n

In one possible settlement, Binance must pay a ten-figure sanction and remain operational in the United States under specific conditions.<\/p>\n\n\n\n

Bloomberg<\/use><\/svg><\/span><\/a> reported that, at the latest, a prospective agreement announcement could be made by the end of the month. It will be one of the most substantial fines ever levied in a criminal cryptocurrency case if Binance complies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a Bloomberg report that the DOJ demanded $4B from Binance to conclude its investigation, BNB reached its highest price since June. Following Bloomberg’s report that the United States Department of Justice is considering a $4 billion settlement with Binance to conclude its investigation into the company, BNB increased by more than 7% the previous […]<\/p>\n","protected":false},"author":53,"featured_media":65085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5521,6648,5865],"class_list":["post-65078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-2","tag-bnb-2","tag-doj"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/CV.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=65078"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/65085"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=65078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=65078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=65078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}