Altcoin: The first week of August ends with Bitcoin’s struggle for $23,000. In the last month, almost the entire altcoin market has managed to recover in double digits. According to data provided by CryptoDiffer, Binance users most searched for established cryptocurrencies such as BTC, ETH, SHIB and DOT during this time.
- 1 Most searched altcoins on Binance
- 2 Changpeng Zhao announced that they did not buy WazirX, the cryptocurrency exchange in India
- 3 Share this:
Most searched altcoins on Binance
Cryptocurrency data provider CryptoDiffer has been showing the most searches for BNB Coins (BNB) on Binance since last week. In second place was Bitcoin (BTC), the largest cryptocurrency by market cap. Ethereum, Solana and Shiba Inu round out the top 5 names on the list. The ranking of the most searched altcoins on Binance since last week is as follows.
- BNB Coin (BNB)
- Bitcoin (BTC)
- Ethereum (ETH)
- Left (LEFT)
- Shiba Inu (SHIB)
- Polygon (MATIC)
- Cardano (ADA)
- LeverFi (LEVER)
- Polkadot (DOT)
- Alchemy Pay (ACH)
- Avalanche (AVAX)
- Dogecoin (DOGE)
- Phantom (FTM)
- Smooth Love Potion (SLP)
- BarnBridge (BOND)
The data was provided by CryptoDiffer, the Twitter account with 300,000 followers.
Changpeng Zhao announced that they did not buy WazirX, the cryptocurrency exchange in India
AmkNews.comAs you follow, WazirX, Binance’s India arm, is under the legal scrutiny. Accordingly, the Executive Directorate of India alleges that WazirX “actively assists around 16 accused fintech companies in money laundering using the crypto route.” In the legal process, Indian authorities froze $8.1 million in WazirX funds as part of the AML investigation.
In an announcement Friday, the Enforcement Directorate claimed that WazirX facilitated money laundering by anonymous fintech firms. In its investigation, the ED ordered the freezing of WazirX bank accounts containing roughly $8.1 million. He also said he did a search linked to co-founder Sameer Mhatre.
Later, Binance CEO Changpeng Zhao made a statement on the subject on Twitter on Friday. He said that Binance specifically “does not own a stake in Zanmai Labs, which operates WazirX and was founded by the original founders.” “Binance only provides wallet services as a technology solution for WazirX,” he said, while WazirX is responsible for KYC and other transactions on the exchange.
With the exit of many crypto firms in China following regulatory pressure, many companies are reportedly turning to the markets in India. ED previously took a similar action against WazirX in June 2021. He ordered the exchange to display its transactions for illegal betting practices involving Chinese citizens. Shetty said that at the time, the exchange specifically “gone beyond its legal obligations by following Know Your Customer (KYC) and Anti-Money Laundering (AML) processes and always providing information to law enforcement when needed.”
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