Tag: Binance

Bitcoin price briefly hits $29K despite recent Binance crackdown

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The price of Bitcoin (BTC) briefly tipped over $29,000 on March 30, recording a new high for the year, despite recent United States regulatory crackdowns on crypto firms and related uncertainty.  According to Cointelegraph Markets Pro, the price of Bitcoin reached $29,132.82 on March 30, reaching levels seen just before the collapse of cryptocurrency exchange FTX in early November 2022. Bitcoin’s price over 24 hours. Source: Cointelegraph Markets Pro The increase comes despite a range of regulatory crackdowns in recent days, such as the United States Commodity Futures Trading Commission…

Bitcoin BTC Price Rises Over $28.3K Despite Binance Legal Woes

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Bitcoin (BTC) has added almost 72% to $28,500 this year, its best quarterly gain in two years, CoinDesk data shows. Arca Chief Investment Officer Jeff Dorman weighed in. Plus, Binance’s on-chain balance remains high, despite U.S. regulators charging Binance for violating U.S. federal law this past week. Braden Perry, Kennyhertz Perry partner and former CFTC senior trial lawyer, shared his views on the future of crypto regulation. And, Journey’s Chief Metaverse Officer Cathy Hackl reacted to Metaverse Fashion Week. Original

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading Commission sued it), but also for what didn’t (the Department of Justice hasn’t filed anything). Plus, the CFTC’s Tech Advisory Committee met last Wednesday. Source

Binance concealed ties to China for years, even after 2017 crypto crackdown: Report

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Binance CEO Changpeng “CZ” Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times. In a report on March 29, FT claims that Binance had substantial ties to China for several years, contrary to the company’s claims that it left the country after a 2017 ban on crypto, including an office still in use by the end of 2019 and a Chinese bank used to pay employees. “We no longer publish our office addresses . .…

Binance CEO CZ Responds to US Regulator’s Charges – Regulation Bitcoin News

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Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), published a blog post on Monday to address the civil enforcement action against him and his crypto exchange by the U.S. Commodity Futures Trading Commission (CFTC). The U.S. regulator charged Zhao and three entities that operate the Binance…

Bitcoin price holds its ground in the wake of CFTC case against Binance

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The price of Bitcoin (BTC) fell 3.6% to $26,900 after Binance and CEO Changpeng “CZ” Zhao were sued by the United States Commodity Futures Trading Commission (CFTC) on March 27. To date, Binance has been investigated by the CFTC, the US Securities and Exchange Commission (SEC), the Internal Revenue Service and federal prosecutors. The Bitcoin price correction may have been limited due to Silicon Valley bank’s successful asset sale to First Citizens BancShares at a $16.5 billion discount, which received an extraordinary credit line from the Federal Deposit Insurance Corporation…

Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase

“If we learned anything from 2022, particularly with FTX, it’s the fact that custodial relationships, especially in the face of lack of regulation, are very bad,” said Ozdogan. “Too many users have lost assets to bad actors and in turn, the custodial nature of centralized exchanges.In the world of digital assets, one rule reigns supreme: Not your keys, not your crypto.” CryptoX Portal