Bitcoin drops to $46K, altcoins sell off as report claims Binance is under in...
News that Binance could be under investigation by the U.S. Justice Department and IRS triggered a marketwide sell-off that saw Bitcoin's price drop to $46,000. Within the last hour, Bitcoin's (BTC) price dropped by more than 3%, extending the decline that started on May 12 and saw the digital asset drop as low as $46,000 on some exchanges.Initially, it was Tesla’s May 12 announcement that it would stop accepting Bitcoin as payment over environmental concerns, along with technical weakness and a nearly complete head-and-shoulders technical pattern, that pushed BTC's price down to $46,000.....
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Per a Bloomberg report, the U.S. Securities and Exchange Commission launched a probe against crypto exchange Binance’s native token Binance Coin (BNB). The Commission is investigating Binance Holdings Ltd., the report claims, for potentially breaking U.S. securities law. Related Reading | Bitcoin Fees Indicator Shoots Late Bear Market Signal Binance was launched in 2017, and in […]
On October 21st, 2021, crypto exchange Binance US experienced a Bitcoin flash crash to led BTC’s price to dropped by over 80%. The industry is maturing, but these occurrences reminiscent the times when a crypto flash was business as usual. Related Reading | Brace For Impact: Wall Street Is Headed Straight For Bitcoin, Says Analyst A report by Arcane Research deep dives into the event, starting from the time it happened on the aforementioned date at 11:34:17. At this time, as the research firm claims, a “sudden massive selling pressure cleared the order book” on the exchange. This....
Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion of neighboring Ukraine.
Binance Consented to Russian Request for Customer Info, Reuters Claims in ‘Special Report’
Binance, the world’s leading digital asset exchange, has agreed to hand over customer data to Russia’s financial intelligence agency, a report by Reuters....
The crypto exchange Binance has recently continued to push for growth in its share of the Bitcoin volume, as well as the stablecoin market. Binance Zero Fees Leads To Big Surge In Bitcoin Trading Volume, Exchange Drops USDC Support As per the latest weekly report from Arcane Research, the volume on Binance has remained substantially […]
Major crypto exchange Binance replied to a report published by media outlet Reuters. The controversial report claims Binance has been key to allegedly support illicit activity around the world, failed to provide assistance to authorities to prevent money laundering cases, and failed at imposing a robust Know Your Customer (KYC) policy. Related Reading | U.S. Links […]