8/26/2023 0 Comments Binance price btc![]() ![]() “The rapid recovery of crypto prices is due to two reasons. However, going for the big dogs like Binance and Coinbase first seems strategically clever as smaller companies will automatically adapt their activities to the new rules indicated by the outcome of the lawsuits.”įollowing the lawsuits, Bitcoin briefly dipped to a weekly low of US$25,493 on Tuesday but recovered above US$26,000 the same day. “It is very likely that more exchanges will be targeted in the coming months. regulators would embarrass themselves if a similar scenario were to repeat itself without intervention,” Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto, told Forkast in a LinkedIn response. This goes back to the collapse of FTX in 2022, as U.S. “It is obvious that the SEC is currently on the hunt for crypto companies. The regulator alleged that Coinbase made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019. The SEC sued Coinbase exchange on Tuesday, a day after initiating its lawsuit against Binance. wing for 13 charges related to securities violations, including the unregistered offers and sales of the BNB and BUSD tokens and activity related to its Simple Earn and staking programs. Securities and Exchange Commission sued Binance’s U.S. It was a tumultuous week for the crypto industry after the U.S. Ether fell 2.83% over the week to US$1,842. The world’s largest cryptocurrency by market capitalization has traded below US$30,000 since April 19. Bitcoin fell 2% from June 2 to June 9 to trade at US$26,598 at 7:45 p.m.
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