Cryptocurrency Daily Thefoxposts.com

The X account of Binance’s former CEO, Changpeng Zhao, has apparently become active again and has followed a Solana news account, despite Zhao being in prison. Federal inmates are prohibited from using mobile phones. Indeed, for the most part, he seems to have stuck by this and has not posted anything since May 22. His X account following @solananew, however, brings this into question and raises questions about how it could’ve happened. To begin with, Zhao may have been able to acquire a mobile phone in prison and log into his account.  @cz_binance has started follow ing @ Solana new pic.twitter.com/vFGq4YVc1m — Big Crypto Alert (@BigCryptoAlert) August 2, 2024 Zhao’s last post was on May 22. Prisoners smuggling phones into prison is a commonly reported issue. According to Forbes, it’s easier to smuggle a phone into a minimum or low-security prison , such as the FCI Lompoc II prison where Zhao is currently being held.  Alternatively, Zhao may have give...

The BNB token defied today’s wider market downturn with a high volume rally, which saw its price hit a 5-month high at $271.90 BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ" Zhao has agreed to step down as CEO of the crypto exchange  While the exact details of the settlement remain unclear until the Nov. 21 press conference at 3 pm ET, crypto market participants appear to perceive the end of the Binance legal saga with the Commodity Futures Trading Commission, United States Securities and Exchange Commission, and DOJ as a positive outcome with potential bullish ramifications the crypto market. Historically, crypto markets react negatively to enforcement actions and the threat of new regulations, but data from Coinglass shows BNB volumes...