Track market-moving stories before they get noisy

Coinfest Asia 2024 Confirms Attendance of World’s Top Web3 Figures

COINTURK NEWSBitcoin, Blockchain and Cryptocurrency News and Analysis

Crypto Tracker AppBitcoinAltcoinEthereumAdvertiseContactTURES Search

© 2024 COINTURK NEWS. All Rights Reserved.

Search

Crypto Tracker AppBitcoinAltcoinEthereumAdvertiseContactTURESFollow US

© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE

Bitcoin (BTC)

BlackRock link transfer worth 168.6 million dollars rocks the market! What are investors watching next? Levent Kurt 2 minutes ago

Bitcoin (BTC)

Bitcoin fell to a 21 month low, major altcoins and crypto stocks extended losses İlayda Peker 52 minutes ago

Stellar (XLM)

XLM backed by $3.35 billion surge in real world assets! What is driving investor interest? İlayda Peker 60 minutes ago

Tron (TRX)

TRX holds above key $0.304 support despite recent market weakness İlayda Peker 1 hour ago

Hedera (HBAR)

HBAR drops 4.82 percent in 24 hours! What does this signal for investors? Onur Atam 2 hours ago

Latest Posts

Cryptocurrency News

Ric Edelman said crypto adoption is accelerating among institutions as individual investor activity slows İlayda Peker 2 hours ago

Bitcoin (BTC)

Bitcoin trades at $62,819 as analysts highlight $60,000 to $61,000 support Levent Kurt 4 hours ago

Solana (SOL)

Solana projected to reach $71.20 by June 2026 despite weak short term signals Levent Kurt 4 hours ago

Bitcoin (BTC)

Bitcoin fell 3% in 24 hours to below $61,000, with $1.2 billion in short positions accumulating near $63,500 İlayda Peker 4 hours ago

Cryptocurrency Law

Trump canceled housing bill signing, delaying 4-year CBDC ban Onur Atam 5 hours ago

Ripple (XRP)

XRP trades at $1.08, analyst highlights $1.09 as critical support with potential drop to $0.87 Güvenç Koçkaya 5 hours ago

EthereumView All

Ethereum (ETH)

Ethereum trades below $1,740 support, analysts warn risk of further decline to $1,460🚨 Ethereum trades below $1,740 support, raising the risk of a further…

İlayda Peker 11 hours ago

Ethereum Foundation slashes annual budget by 40 percent! What does this mean for $ETH investors? 1 day ago

Ethereum Foundation laid off 54 employees, cutting about 20% of its workforce as part of restructuring 1 day ago

Ethlabs launched as independent research group to advance Ethereum’s core technology 1 day ago

Ethereum tests the $1,736 support zone again! What are analysts watching now? 1 day ago

EconomyView All

Bank of America raised its forecast to three Fed rate hikes totaling 75 basis points by year end 13 hours ago

US Senate blocks the FED from launching a digital dollar until 2030! What are the details investors need to know? 1 day ago

Bitmine now holds 4.7 percent of Ethereum’s supply! What does this mean for $ETH investors? 2 days ago

Altcoin NewsView All

Altcoin NewsChainlink (LINK)

Bitcoin dips below $80,400 as altcoins feel the pressure🟢 Bitcoin dropped below $80,400 amid negative news. Markets are watching $76,000…

İlayda Peker 1 month ago

Investors Face Challenges with Popular Cryptocurrencies 2 years ago

Upbit and Bithumb Announce New Altcoin Listings 2 years ago

Trump’s Bold Moves Ignite Cryptocurrency Surge and Market Speculation 1 year ago

An Abysmal Decline Hits Pi Network 8 months ago

Market State by Cryptorank

Technical Analysis

Old bitcoin wallet moves 500 BTC as price drops 3 percent 1 month ago

BTC surges above $81,000 as accumulation signals emerge 2 months ago

Follow US

8k Like

20k Follow

1.1k Follow

Sponsored Content

Institutional Capital Shifts Toward AI-Powered Blockchain Infrastructure as SHRMiner Expands Intelligent Platform 1 month ago

As AI Infrastructure Demand Rises, SHR Miner Expands Focus on Energy Stability and Sustainable Computing Operations 1 month ago

Macro Trends in Digital Asset Velocity: The Shift from Speculation to Utility 5 months ago

Binance subsidiary Tokocrypto secures full license in Indonesia

Altcoin Skyrockets 30% Upon Binance Listing Announcement

With a recent surge over the weekends, BNB price teases a double-bottom reversal within a broadening wedge. Adding fuel to the recovery, the PFAK license approval in Indonesia boosts the uptrend amid the looming Changpeng Zhao’s Release Date. Will this recovery sustain bullish momentum to hit $600? 

BNB Price Rebounds with Tokocrypto’s Regulatory Win and CZ’s Imminent Release According to the Bureau of Prisons database, former Binance CEO Changpeng Zhao (CZ) is scheduled for release on September 29, 2024, from Long Beach RRM, a federal facility in San Pedro, California. CZ’s imminent release is expected to boost bullish sentiment surrounding the BNB price.

Bureau of Prisons Tokocrypto, a sister subsidiary of the Binance group, has successfully secured the Physical Crypto Asset Trader (PFAK) license in Indonesia. As the subsidiary acquired the license from the Commodity Futures Trading Regulatory Agency of Indonesia (Bappebti), a regulatory approval allows Tokocrypto to operate as a licensed physical crypto-asset trader. This marks a significant step in Indonesia’s commitment to regulatory compliance and investor protection.

With the PFAK license, Tokocrypto will continue to work on its long-term expansion plans and highlight its efforts to foster trust and transparency within Indonesia’s Web3 circle. 

Over the years, Tokocrypto has seen remarkable growth in 2024, with its user base surpassing 4.5 million. Additionally, the platform’s average monthly trading volume has increased by 138%, demonstrating rising investor confidence and consistent expansion.

Binance coin Price Eyes $720 Breakout amid Wedge Pattern Formation The BNB shows a broadening wedge pattern in the daily chart pattern. The chart setup is characterized by two diverging trendlines, typically indicating an uncertain market sentiment.

Currently, the Binance coin price within the broadening wedge pattern is taking support at the $468 support. The dynamic support and $468 horizontal level bolster the formation of a bullish reversal pattern called a double bottom.

As BNB price attempts a bullish reversal, the MACD indicator shows the MACD and signal line on the verge of a bullish crossover. However, the 50-day and 200-day EMA is on the verge of a bearish crossover due to the previous bearish influence over the BNB price action.

Furthermore,  a 4-day recovery run since the weekend has uplifted the BNB price by 7.8% to trade at $505. The upside potential increases as the Binance coin asserts dominance over the $500 psychological mark. Amid double bottom formation, the buyers could attempt a $600 neckline breakout, followed by an extended $721.

BNB/USDT -1d Chart Alternatively, a bearish reversal from the 200 days can result in a drop to $450, registering a 13% potential loss.

Indonesian crypto exchange Tokocrypto has secured a full license from the country’s Commodity Futures Trading Regulatory Agency (Bappebti). In a post, Binance called Tokocrypto one of its subsidiaries, adding that the platform obtained the Physical Crypto Asset Trader (PFAK) license.

The license grants Tokocrypto authorization to operate as a licensed crypto asset trading platform in compliance with regulations. “The company has now completed a rigorous licensing process to become a fully authorized physical crypto asset trader in Indonesia,” Binance said.

Binance made an investment in the exchange in 2020, though the financial details were not disclosed. In 2022, Binance increased its stake, further solidifying its position in the Indonesian market.

EXPLORE: Binance Future’s Listing Fuels Frenzy for Neiro on Ethereum

Indonesia Mandates Crypto Exchanges to Obtain License Since 2014, Indonesian exchanges have been categorized as “prospective crypto exchanges,” operating under provisional regulatory frameworks. Tokocrypto was registered in 2019 as a Prospective Physical Crypto Asset Trader (CPFAK).

The move comes after Bappebti’s 2019 mandate requiring all crypto exchanges to seek proper authorization to continue operating legally in the country.

We are thrilled to announce that Tokocrypto, a part of the #Binance group, has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Bappebti.

This milestone highlights our commitment to regulatory compliance and investor trust.

Read more ⤵️… pic.twitter.com/zMxZ2yQJ5g

— Binance (@binance) September 9, 2024

Yudhono Rawis, CEO of Tokocrypto, said that Tokocrypto is now the third exchange in Indonesia to obtain such a license. Rawis highlighted that 35 other exchanges remain in the “prospective” category, still awaiting full regulatory approval.

He further explained that securing this license is key to Tokocrypto’s goal of becoming the dominant trading platform in Indonesia’s growing crypto market. “This is an essential part of our strategy to build a solid foundation in the crypto-asset ecosystem in Indonesia and ensure that we can provide the best services to our customers,” said Rawis.

Data from CoinGecko shows Tokocrypto held a commanding 43% share of Indonesia’s centralized exchange market in 2023, making it the largest crypto exchange by trading volume.

Indodax follows closely with a 42% market share, while Upbit Indonesia holds 15%. Tokocrypto’s dominance in the market underscores its continued efforts to strengthen its position as Indonesia’s leading crypto platform.

EXPLORE: Binance Review and Comparison

Binance Accelerates Global Expansion Amid US Regulatory Issues Earlier this year, Binance launched Binance Thailand, a joint venture in partnership with Gulf Innova, a subsidiary of Gulf Energy Development. Binance Thailand, also known as Binance TH, offers a platform for trading digital assets, with pairs denominated in Thai baht.

The platform is integrated with local Thai banks and has partnered with Binance Kazakhstan for brokerage services, all under the supervision of Thailand’s SEC. The expansion came as Binance and its U.S. affiliate, Binance.US, have been under regulatory pressure.

In June, the U.S. Securities and Exchange Commission (SEC) filed an enforcement action against the companies, alleging the sale of unregistered securities.

The lawsuit also named Binance founder Changpeng Zhao, accusing him of controlling Binance.US despite previous claims that it operated independently. In November, Zhao resigned as CEO and admitted to an anti-money laundering violation, agreeing to a $50 million fine.

EXPLORE: 10 Best Decentralized Exchanges for September 2024 

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Follow 99Bitcoins on your Google News Feed

Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!

Subscribe now

Ruholamin Haqshanas

Crypto Journalist

Ruholamin Haqshanas is an accomplished crypto and finance journalist with over three years of experience. He has been featured in various high-profile outlets, including Cryptonews.com, Investing.com, 24/7 Wall St, and Business2Community. Read More

Free Bitcoin Crash Course Enjoyed by over 100,000 students. One email a day, 7 days in a row. Short and educational, guaranteed!

Journalist

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

Part of the Team Since

Feb 2018

About Author

Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...

Has Also Written

Last updated: 

September 24, 2024

Binance’s Financial Intelligence Unit (FIU) and its Indonesian subsidiary Tokocrypto worked with Indonesia’s Criminal Investigation Agency Bareskrim, to crack down on crypto fraud in the region.

A recent investigation has led to the arrest of multiple suspects and the seizure of approximately $200,000 in fraudulent funds.

Bareskrim is the criminal investigation agency of Indonesia’s national police. It is the central executive agency responsible for investigating major crimes, including financial fraud, cybercrime, and organized crime.

Earlier this month, Tokocrypto, secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s commodity regulator, Bappebti.

Bareskrim Identifies Pig Butchering Scams The investigation began when Bareskrim identified a suspected crypto trading website as a front for fraudulent operations, part of a broader scam known as a “pig butchering scam.”

These scams typically involve long-term deception where fraudsters manipulate victims into making substantial investments under the guise of legitimate trading, only to steal their funds.

Chainalysis released a mid-year update on crypto crime in August, revealing a big rise in pig butchering scams within the cryptocurrency market in 2024.

Reports indicated that the fraudulent website was facilitating illegal transactions, this in turn prompted Bareskrim to act. During the investigation, law enforcement arrested several individuals responsible for managing the accounts used to launder the stolen funds.

The Indonesian authorities seized over 50 mobile phones, numerous local bank cards, and banking apps found on the suspects’ devices. Bareskrim investigators found wallet addresses likely controlled by the suspects, with supporting evidence found through their use of Telegram.

Despite their refusal to cooperate, forensic analysis allowed investigators to uncover key evidence, including crypto wallet addresses and communication records, particularly from the suspects’ Telegram chats.

Collaboration with Binance and TokocryptoBareskrim contacted Tokocrypto, Indonesia’s prominent crypto exchange for assistance. Due to the complexity of the case, Tokocrypto referred the investigation to Binance’s FIU, which specializes in analyzing and tracking illicit crypto activity.

“Because we keep an open communication channel for global law enforcement agencies, we were able to connect with Bareskrim, leading to valuable actions,” said Nils Andersen Röed, Head of Binance FIU.

By working together, we can leverage our combined expertise to effectively track and seize illicit funds, ensuring that the cryptocurrency ecosystem remains secure and trustworthy,” said Röed.

Table of contents

CARV, a leading Web3 platform for data sovereignty, has announced another significant development. As per CARV, Mercado Bitcoin, the biggest Latin American crypto exchange, is listing CARV’s native token $CARV. This listing is a crucial step in CARV’s global expansion plan coming after a recent listing that occurred last Thursday.

Mercado Bitcoin and Tokocrypto List $CARV, Expediting Worldwide Expansion Plan $CARV deems the listing on Mercado Bitcoin as a key trading debut that took place today in Brazil. Before this, the Indonesian premier crypto exchange Tokocrypto launched $CARV last Thursday. Targeting the respective key crypto markets lets CARV enter the regions with swiftly expanding digital economies as well as exciting gaming communities.

CARV’s Co-Founder and COO “Victor Yu” also commented on this remarkable development. As per the executive, these listings are included in the strategic plan of CARV to broaden its reach across the globe. Specifically, entering the above-mentioned 2 markets is significantly important for CARV’s future progress. Both regions comprise tech-savvy people while their gaming ecosystems are also growing rapidly.

Strengthening Consumers to Monetize Digital Footprints Fully Controlling Them In addition to this, with the high adoption of smartphones in Latin America and Southeast Asia, consumers generate substantial data amounts. Nonetheless, they conventionally have fewer chances to take part in the created value. However, the data sovereignty model of CARV plays a crucial role in addressing this, strengthening users to monetize and control the digital footprints thereof.

Yu also highlighted Axie Infinity’s successful entry in the Philippines which let Web3 projects effectively onboard users. According to CARV, the listing on Tokocrypto and Mercado Bitcoin indicates the platform’s commitment to filling the gap between the evolving Web3 sector and users. With these listings, CARV keeps expanding its reach while redefining the consumers’ interaction with digital entities.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

7 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

7 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

7 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

7 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

7 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

7 hours ago

72% of Indonesian Crypto Exchanges Still Unprofitable Despite 20M Users