Binance CEO Controversial Move: Selling Bitcoin To Save BNB?
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The ongoing crackdown by the US Securities and Exchange Commission (SEC) on the crypto industry has taken a toll on one of the largest exchanges in the market, Binance. The SEC recently filed a lawsuit against Binance.US, which has resulted in a significant decline in the value of Binance Coin (BNB). BNB has dropped more than 23% in the last week alone, currently trading at $238. Binance CEO’s Bitcoin Sell-Off As reported by BitcoinLinux, BNB is facing a potentially catastrophic situation after an exploit on the Binance Smart Chain’s Binance Bridge. The exploit could liquidate $200 million on Venus Decentralized
Binance Coin (BNB) has been one of the top-performing cryptocurrencies in recent years, with its value rising significantly since its launch in 2017. However, the coin has experienced a sharp decline in value following the recent Securities and Exchange Commission (SEC) complaint against Binance.US and increased regulatory oversight by the…
Binance has again urged the United States District Court for the District of Columbia to dismiss the lawsuit from the Securities and Exchange Commission (SEC). Last month, Binance settled with the United States Department of Justice (DoJ), agreeing to pay over $4 billion in settlement. However, the legal challenges for…
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…