As soon as the major cryptocurrency exchange, Binance got sued by SEC on Monday, the U.S. District Court sent a summons to the current CEO of Binance, Changpeng Zhao. This has created a disruption in the crypto market that leads to the global crypto market capitalization falling at a 1.63%
BNB Coin (BNB), the native cryptocurrency of Binance, reflects the harsh impact of SEC’s crypto crackdown in its soaring selling pressure. The SEC vs Binance lawsuit succeeded in inducing BNB to plummet by 9.15% — from $306 to $278 — over the past 3 days. In the lawsuit, the US
Crypto enthusiasts are on the edge of their seats as the intense battle between the SEC and Binance continues to unfold with each new update. The SEC’s recent move to file an emergency motion with the District of Columbia U.S. District Court, seeking to freeze the assets has sent shockwaves
The US Securities and Exchange Commission’s (SEC) recent regulatory initiatives have compounded concerns about the long-term sustainability of cryptocurrencies. The SEC’s legal charges against Coinbase and Binance, two prominent cryptocurrency exchanges, are a worrying trend. The SEC’s action against Coinbase, situated in San Francisco, is a landmark event in the
Over the last 12 hours, Whale Alert has recorded several large cryptocurrency transactions targeting two leading exchanges, Binance and Coinbase. Traders have ramped up their activities on these platforms, potentially showcasing renewed trust and support in these marketplaces. According to sources, the primary cryptocurrency that was seen moving to Binance
Binance, the world’s largest crypto exchange, has faced a lawsuit by the U.S. Securities and Exchange Commission (SEC). The SEC accused the crypto exchange Binance and its CEO, Changpeng Zhao, of selling unregistered securities. However, the exchange has received a lot of support from the crypto community to stand against
Machi Big Brother, a well-known NFT whale and former musician and tech entrepreneur, recently made headlines when they announced that they would be moving their Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to the widely-used Binance cryptocurrency exchange. As a show of support for Binance
Binance Holdings Ltd., BAM Trading Services Inc. (Binance’s U.S. subsidiary), and founder Changpeng Zhao have all been accused of misconduct by the United States Securities and Exchange Commission (SEC) recently. These claims include various points, such as alleged securities law breaches and a lack of openness. These allegations have cast
The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by
Shockwaves have been felt across the cryptocurrency industry after Monday’s SEC lawsuit against cryptocurrency exchange Binance. Over the last 24 hours, Bitcoin and the cryptocurrency market as a whole have dropped by 4%. Many prominent figures in the cryptocurrency industry have spoken out in favor of Binance and its leadership
