{"id":14479,"date":"2022-12-14T09:03:04","date_gmt":"2022-12-14T09:03:04","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/14\/a-mountain-of-red-flags\/"},"modified":"2022-12-14T09:03:04","modified_gmt":"2022-12-14T09:03:04","slug":"a-mountain-of-red-flags","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/14\/a-mountain-of-red-flags\/","title":{"rendered":"A Mountain of Red Flags"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670935319269-50750e81-e76b-49d4-aaaa-1601f121d831-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670935319269-50750e81-e76b-49d4-aaaa-1601f121d831-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670935319269-50750e81-e76b-49d4-aaaa-1601f121d831-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1670935319269-50750e81-e76b-49d4-aaaa-1601f121d831-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1670935319269-50750e81-e76b-49d4-aaaa-1601f121d831.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Binance Coin has been on edge following the collapse of FTX.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Binance holds most of the BNB coin in circulation.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">There are too many pink flags.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/binance-coin\/\"><u>Binance Coin<\/u><\/a> value has wavered previously few days as considerations concerning the mum or dad firm continued. BNB was buying and selling at $274, the place it has been previously few days. This value is considerably decrease than the November sixth excessive of close to $400.\u00a0<\/p>\n<h2 dir=\"ltr\">Binance pink flags emerge<\/h2>\n<p dir=\"ltr\">The greatest story in finance has been the arrest of Sam Bankman-Fried within the Bahamas. His arrest got here a couple of weeks after his empire made up of Alameda Research and FTX collapsed. At its peak, FTX dealt with billions of {dollars} each day. It was valued at greater than $32 billion.<\/p>\n<p dir=\"ltr\">SBF\u2019s arrest, as we wrote\u00a0<a href=\"https:\/\/coinjournal.net\/news\/sbf-tried-to-buy-off-washington-says-congressman-patrick-mchenry\/\"><u>here<\/u><\/a>, has led to questions on different crypto exchanges like Binance, Huobi, and Crypto.com. These corporations have all dedicated to spice up their transparency by offering audited proof of reserves.\u00a0<\/p>\n<p dir=\"ltr\">Binance additionally revealed audited paperwork that confirmed that its Bitcoin holding was 1:1 to buyer deposits. The audit was carried out by a South Africa\u2019s department of Mazars, the corporate that used to audit Trump. In addition, the revealed and publicized doc left the liabilities facet of the stability.<\/p>\n<p dir=\"ltr\">Still, there are a number of pink flags about Binance and BNB. For one, a more in-depth take a look at on-chain metrics exhibits that Binance is the most important holder of BNB. An\u00a0<a href=\"https:\/\/etherscan.io\/token\/0xB8c77482e45F1F44dE1745F52C74426C631bDD52#balances\"><u>entity listed<\/u><\/a> as Binance 7 holds 52% of all BNB\u2019s valued at over $2.3 billion. Another entity holds a stake price over $2 billion whereas Binance 3 holds coin price over $8 million. All this focus is a significant pink flag.<\/p>\n<p dir=\"ltr\">Another pink flag about Binance is the accounting agency that the corporate makes use of. Binance is a multi-billion greenback firm that has an essential function within the crypto trade. Therefore, analysts consider that it needs to be audited by a big-four corporations like KPMG, Deloitte, EY, or PwC.<\/p>\n<p dir=\"ltr\">Further, following the collapse of FTX and scrutiny on regulators, there&#8217;s a probability that prosecutors will activate Binance subsequent. On Monday, it was reported that US authorities had been seeking to arrest the corporate\u2019s CEO in a long-running investigation. Most importantly, there&#8217;s a lot that we don\u2019t learn about Binance<\/p>\n<h2 dir=\"ltr\">Binance Coin value prediction<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/11\/14\/1671008425631-24d12f71-7963-43ad-bc0e-694e07125aad.png\" style=\"width: 616px;height: 305.947px\" class=\"fr-fic fr-dib\" width=\"616\" height=\"305.947\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/?exchange=BINANCE\"><u>BNB\/USD chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">As we noticed with the FTX token, the collapse of a mum or dad firm has an affect on the respective token. Of course, BNB has extra utility than FTT because it powers the BNB Smart Chain trade. However, most BNB holders have purchased it as a result of of its affiliation with Binance.<\/p>\n<p dir=\"ltr\">The every day chart exhibits that it has fashioned what seems to be like a head and shoulders sample and moved under all shifting averages. Therefore, as a result of of lingering headline dangers, I consider that the BNB value may have a bearish breakout quickly. If this occurs, it may transfer under $200.<\/p>\n<h2 dir=\"ltr\">How to purchase Binance Coin<\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro gives a variety of cryptos, comparable to Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro customers can join with, study from, and duplicate or get copied by different customers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=OTc0NTU&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BNB with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Binance<\/h3>\n<p>Binance is one of the most important cryptocurrency exchanges on this planet. It is best suited to extra skilled buyers and it gives a big quantity of cryptocurrencies to select from, at over 600.<\/p>\n<p>Binance can also be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, comparable to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.\n<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/binance-crypto?guid=OTc0NTU&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BNB with Binance today            <\/a>\n    <\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-coin-price-prediction-a-mountain-of-red-flags\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Binance Coin has been on edge following the collapse of FTX. Binance holds most of the BNB coin in circulation. There are too many pink flags. Binance Coin value has wavered previously few days as considerations concerning the mum or dad firm continued. BNB was buying and selling at $274, the place it has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[2707,5497,1196],"class_list":["post-14479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-flags","tag-mountain","tag-red","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=14479"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14479\/revisions"}],"predecessor-version":[{"id":14480,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/14479\/revisions\/14480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/14481"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=14479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=14479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=14479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","tem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