NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Coinbase Exec Accuses Binance Of Crypto Price Manipulation

Jake Simmons
Jake Simmons
1 year ago
3 mins read
Crypto Price Manipulation Binance

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The world’s largest cryptocurrency exchange Binance was in the crossfire of critics for a long time after the FTX collapse. In particular, there was harsh criticism because of an opaque proof of reserves issued by the auditing firm Mazars, which paused the cooperation with the exchange shortly thereafter.

Over the turn of the year, however, the criticism has become quieter and Binance has disappeared from the spotlight as DCG and Genesis became the crypto industry’s biggest headache. But Conor Grogan, Head of Product Business Operations at Coinbase, presented new serious allegations against Binance today.

In a Twitter thread, Grogan wrote that there is a “pattern of Binance front-running over 18+ months.” He found Binance-connected wallets which were buying $900.000 RARI seconds before the listing and dumped them minutes after.

He also found an incident where around 78,000 ERNs were bought between June 17th and 21st and sold immediately after the listing was announced. The same thing was done with TORN, where “hundreds of thousands were bought and sold right after the announcement.”

Related Reading

bitcoin-2

Bearish Indicator: Are Big Players No Longer Interested In Bitcoin?

1 year ago

Another example is the purchase of RAMP, worth more than $500,000, of over multiple days, “before sending it to Binance minutes after the listing announcement. Assuming they sold it was a ~100K payday.” Grogan explained:

I found all of these via looking at the original wallet’s OKX deposit address and looking at the other counterparty wallets. Not great opsec by them. I just started digging in so there might be more examples.

According to the Coinbase exec, the front-running could have a variety of causes. Most likely, according to Grogan, is insider MNPI (Material Nonpublic Information) which is operated by a rogue employee who is connected to the listing team and has details of new asset announcements.

Related Reading

Bitcoin

Bitcoin Bulls Keeps Pushing, Why BTC Price Increase Isn’t Over Yet

1 year ago

Another explanation could be a trader finding a leak in an API or test trade exchange. In any case, regulators and law enforcement agencies are likely to be very interested in the case, as evidenced by the recent cases against Coinbase for insider trading.

Bitcoin Price Manipulated By A Singe Entity At Binance?

Notably, rumors surfaced last week that the entire Bitcoin move from $17,000 to $21,000 was initiated by an entity at Binance. First, an anonymous trader pointed to the move being fueled by a BUSD stablecoin whale, citing the BTC Spot CVDs (Cumulative Volume Delta). On January 15, he shared the following chart and wrote:

Whole move from 17k to 21k was made by someone on Binance aggressively buying Bitcoin with BUSD. Other exchanges started to buy around 19.5k with USDT + USD. Green CVD includes all exchanges with Binance USDT as well, yellow CVD – only BUSD.

Bitcoin spot CVD / Binance USD
Bitcoin spot CVD | Source: Twitter @exitpumpBTC

Yesterday, the trader wrote that both CVDs are showing a Bitcoin bearish divergences since yesterday. “Green line – spot CVD with all stablecoins including our loved one BUSD, blue line – perps CVD with all stablecoins as well. Looks like passive seller won this time,” the trader said.

Bitcoin spot CVD
Bitcoin spot CVD | Source: Twitter @exitpumpBTC

However, the trader also clarified that while he was the first to report the huge BTC buying with BUSD on Binance, he never mentioned the words “cartel” or “manipulation.”

At press time, the Bitcoin price was once again attacking the $23,000 level.

Bitcoin price at Binance
BTC price holding strong, 1-day chart | Source: BTCUSD on TradingView.com
Featured image from iStock, Charts from Twitter and TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch.

Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch

Ethereum ($ETH) is under the spotlight after Fundstrat’s Tom Lee reiterated his bullish stance, stating that $ETH could reach $5.5K...

Aaron Walker 1 hour ago
FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

Solana is once again in the spotlight after surging past the $240 level, marking a strong recovery and renewed momentum...

Sebastian Villafuerte 1 hour ago
이더리움 강세 속 주목할 알트코인 투자 전략

이더리움 강세 속 주목할 알트코인 투자 전략은?

암호화폐 시장에 또 다른 불안 요인이 떠올랐다. 대규모 디지털 자산을 보유한 일부 기업들이 실적 악화와 함께 재정 압박을 겪으면서, 이들이 보유중인 비트코인이 위험에 처할 가능성이...

Soyeon Lee 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum potrebbe puntare ai 10.000 $: ecco perché tanti analisti sono ottimisti

Orfeo Barone 37 minutes ago
Dogecoin

Analyst Sets $5 Target For The Dogecoin Price If This Happens

Scott Matherson 49 minutes ago
stablecoins payroll

Stablecoins και μισθοί σε crypto: Πώς αλλάζει η παγκόσμια αγορά εργασίας

Ιωάννης Ριζόπουλος 1 hour ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:2021年以来の強気シグナル点灯、1ドル到達への300%上昇も視野に

    ドージコイン...

    8 minutes ago
  • リップル 今後の価格動向:ETF承認で100ドル突破への道筋は開けるか

    リップル...

    21 minutes ago
  • 仮想通貨プレセール最新動向:イーサリアムやカルダノを凌ぐと予測される新興プロジェクト

    ...

    33 minutes ago
  • 仮想通貨おすすめ:第4四半期に注目される新興コインとカルダノ・パイの比較

    ...

    48 minutes ago
  • FRB利下げ後にビットコインが117,000ドル突破、新しい仮想通貨プレセールが注目を集める

    ...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.