Bitcoin price continued surging amid positive developments in Spot Bitcoin ETF applications. BlackRock filed an S-1 amendment, a registration statement that the SEC requires issuers to file ahead of new securities offers. On-chain researchers said that there were symptoms of anxiety among bitcoin dealers, which helped the price of BTC …
Read More »Binance Founder Falls Down Money Laundering Slope
After FTX collapsed, Binance’s CEO, Zhao Weibo, found Changpeng Zhao, also known as C.Z., guilty of fraud. Binance is the largest cryptocurrency exchange in the world. In addition to paying $4.3 billion in fines and restitution, Binance will also step down as CEO and pay a $50 million fine. In …
Read More »BNB coin jumps by over 5% in 24 hours
The price of BNB/USD increased by 5.91% to $231.33 over the previous day. This maintains the upward path it has been on for the previous week, rising 13.0% from $205.67 to the present price. The current value of the coin is $686.31, which is its all-time high.The coin’s trading volume …
Read More »Crypto companies ask Democrats for easier legislative stance
Bothered by a US Securities and Exchange Commission crackdown, cryptocurrency companies are renewing their efforts on Capitol Hill to reap support for legislation that they hope will control the organization and provide the sector regulatory clarity.According to 6 executives, the Blockchain Association, Chamber of Digital Commerce, Crypto Council for Innovation, …
Read More »Binance’s regulatory hardship in Australia drags BNB price lower
Binance native token BNB fell to $241. Binance’s now-defunct local derivatives business is undergoing a probe led by Australia’s financial markets regulator. In April, Binance applied for cancellation of its derivatives business license and continued operations of the spot exchange. The Australian financial regulator has searched Binance’s offices in the …
Read More »What Could SEC’s Battle Bring About In Cryptocurrency Market?
What Changes In The Cryptocurrency Markets Could The SEC Fight Bring About?The US Securities and Exchange Commission filed a new lawsuit against Coinbase on Tuesday, just 24 hours after filing one against Binance. The entire business model of the cryptocurrency sector, according to SEC Chairman Gary Gensler, is “built on …
Read More »Cryptocurrencies sink on SEC’s Lawsuit Against Binance
The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance and its founder Changpeng Zhao, alleging that the exchange violated securities laws and misused investor funds. The lawsuit caused a significant downturn in the cryptocurrency market, with Bitcoin down by -5.90%, Ethereum down by declining by about -5%, …
Read More »Binance suspends GBP transfers after crypto crackdown
The World’s largest exchange is expected to suspend UK withdrawals amid increasing crypto scrutiny. Therefore, British customers of the world’s biggest cryptocurrency exchange will be unable to withdraw their money from the platform within months. Binance has been forced to suspend withdrawals to British bank accounts following pressure from regulators …
Read More »Bankrupt Voyager Digital Acquisition Faced By Opposition
Binance’s attempt to acquire bankrupt crypto lender Voyager Digital is facing opposition from the US SEC and financial regulators. The SEC and US Trustee and state regulators from New Jersey and Vermont are concerned assets could be moved offshore. The commission has cast doubt on Binance’s financial ability to go …
Read More »Will cryptocurrencies rebound after price crash?
With cryptocurrencies, the future is and will remain uncertain. The one factor that stirs hope to crypto traders and investors is that big players are starting to join the trading game.On Wall Street, JPMorgan Chase, Morgan Stanley and Goldman Sachs are just some examples that employ dedicated cryptocurrency teams. In …
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