Binance finds itself entangled in a lawsuit filed by the US Securities and Exchange Commission (SEC), dealing a heavy blow to BNB, the token issued by Binance. The allegations leveled against the crypto exchange suggest its involvement in unlawful activities, specifically multiple violations of securities laws. Consequently, the impact of these allegations manifested as substantial outflows from the exchange, prompting Changpeng Zhao, the CEO, to disclose an astonishing figure of over $392 million in net outflows in the last 24 hours. It’s worth noting that Binance has dealt with significant outflows before, indicating a history of navigating such challenges. According
The latest report by on-chain tracker Whalewire shows Binance is experiencing unusual Bitcoin outflows over the past 24 hours, the highest in its history. Whalewire reported that over 162,000 BTC, worth more than $4.5 billion, left the exchange in a day. The tracker believes something fishy is ongoing with Binance,…
Crypto exchange Binance has had a tough few months in terms of market news and pressure from regulatory bodies. Just a few days ago, Binance lost another payment processing partner after Checkout.com terminated its contract with the crypto exchange. And now, another rumor that appears to be spreading is that…
It was quite the coincidence that the cryptocurrency market jolted back to life after Easter Sunday, with Bitcoin leading the way with more than a double-digit gain. While the price of BTC continues to hold above the critical $94,000 level, the premier cryptocurrency seems to be losing some momentum. Unsurprisingly,…
AI SummaryShowCFTC’s renewed probe could force stricter user‑location verification, prompting industry‑wide compliance upgrades.Potential enforcement may…