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Ledger Nano X - The secure hardware wallet
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BNB Coin Surges Despite Binance’s Very Bad Year

27 December 2023
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Binance has endured a horrid 2023. You wouldn’t know from the price of its native crypto token.

BNB, which has a $47-billion market value, has rebounded since the giant crypto exchange and its founder Changpeng Zhao pleaded guilty in November to violating U.S. anti-money laundering laws, incurring a $4.3 billion fine.

The cryptocurrency’s value now sits at its highest point since June, at $309 per token. BNB has risen almost 25% during the past year, with an almost 7% jump Wednesday alone. Binance clients use BNB to pay trading fees, while the exchange controls its supply.

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