Binance news usa1/17/2024 In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 1.71% to 2,999.94 in the 24 hours to 6.40 p.m. They are managed by CryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The indexes are proxy measures of the performance of the global NFT market. The total crypto market capitalization dropped 0.25% to US$1.05 trillion and the total market volume fell 21.12% to US$27.29 billion in the last 24 hours. Polygon increased 4.59% to US$0.6292 but declined 29.13% in the last seven days. Cardano rose 6.11% to US$0.2788, although it lost 25.72% on the week. “We now join a number of other crypto projects facing similarly misguided actions from the SEC and we will vigorously defend our business and the industry.”Ĭardano’s ADA and Polygon’s Matic were the biggest gainers in the last 24 hours. “The SEC appears to have given no consideration to the drastic and cascading negative impact its actions may have on users and the industry,” a Binance spokesperson said last week. Binance faces 13 charges in the lawsuit, including the unregistered offer and sale of the BNB and BUSD tokens and unregistered activity related to its Simple Earn and BNB Vault products and its staking program. branch, and Zhao with charges related to securities violations. Last week, the SEC filed a lawsuit against Binance, its U.S. SEC’s lawsuits against two of the biggest crypto exchanges, Binance and Coinbase.Įther, the second biggest cryptocurrency, fell 0.97% to US$1,736, after losing 7.31% over the past week.īNB, the native token of world’s biggest crypto exchange Binance, was the biggest loser in the last 24 hours, dropping 5.5% to US$224, and losing 25.59% on the week. The world’s largest cryptocurrency by market capitalization has lost 3.82% in the last seven days following the U.S. in Hong Kong, according to CoinMarketCap data. See related article: Hong Kong legislator encourages Coinbase to set up shop in city under new crypto rules Cryptos trade mixedīitcoin rose 0.21% to US$25,812 in 24 hours to 4 p.m. Securities and Exchange Commission’s (SEC) clampdown on cryptocurrency exchanges. His criminal trial is likely to be in the fall.Bitcoin inched up but continued to trade below US$26,000 on Monday afternoon in Asia, while all other top 10 non-stablecoin cryptocurrencies traded mixed, as investors brace for the U.S. US prosecutors and the SEC charged FTX's founder Sam Bankman-Fried with a host of money laundering, fraud, and securities fraud charges in December. The lawsuit comes roughly eight months after the collapse of FTX, which was also accused of co-mingling customers' funds and investing the proceeds in high-risk investments that customers were unaware they were participating in. "Unfortunately, the SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry". We intend to defend our platform vigorously,” the company said in a Twitter post. "While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. In a social media post, Binance said that it has been cooperating with the SEC's investigation but said that the agency "chose to act unilaterally and litigate". Binance is ‘in it for the long game’ when it comes to Europe and doesn’t fear the crypto crash.
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