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Binance leads crypto exchanges in Bitcoin deposits in 2024

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Binance has emerged as the leading cryptocurrency exchange for Bitcoin deposits in 2024, according to a new industry report released on Nov. 21. The platform reportedly captured the largest share of global Bitcoin inflows, a testament to its expansive user base and robust infrastructure. Binance’s dominance underscores its continued appeal among retail and institutional investors navigating the dynamic crypto landscape.

The report attributes Binance’s success to several factors, including competitive fee structures, a wide range of trading pairs, and advanced security measures. Additionally, the exchange has made significant strides in expanding its global footprint despite regulatory scrutiny in key markets like the United States and Europe. These efforts have positioned Binance as a go-to platform for Bitcoin trading and storage.

Other exchanges, including Coinbase and Kraken, also reported steady Bitcoin inflows, but their volumes lagged significantly behind Binance. Analysts suggest that Binance’s focus on accessibility and user experience has given it a competitive edge, particularly in regions with growing crypto adoption like Asia and Latin America. The platform’s liquidity and deep order books further enhance its attractiveness for high-volume traders.

The data highlights Binance’s resilience in maintaining its market leadership amid a rapidly evolving regulatory and competitive landscape. As Bitcoin’s prominence in the global economy continues to grow, exchanges like Binance are poised to play a critical role in facilitating access and driving adoption. However, the exchange’s ability to sustain its momentum may depend on its capacity to address compliance challenges while continuing to innovate.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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