Bitcoin Quickly Spikes to High, Up 5% at $28,750
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Binance sued by the CFTC over 'willful evasion' of US federal law
March 27, 2023 12:06 PM EDTBitcoin and other cryptos tumbled Monday after the largest cryptocurrency exchange in the world, Binance, was sued by the US Commodity Futures Trading Commission.
The regulator is suing Binance and its Chief Executive Officer Changpeng Zhao, commonly known as CZ, for allegedly breaking trading and derivatives rules. The lawsuit was filed by the CFTC on Monday in federal court in Chicago.
At the time of writing, Bitcoin is trading... More
81% of Bitcoin (BTC) traded on exchanges in February was on Binance - Morgan Stanley
March 24, 2023 12:10 PM EDTMorgan Stanley revealed Friday that the majority of Bitcoin traded on exchanges in February was only on one exchange.
Analyst Sheena Shah stated in a research note on Bitcoin's recent rally that 81% of BTC traded on exchanges in February was traded on Binance. As a result, Morgan Stanley concludes... More
Coinbase (COIN) faces an 'incremental risk to operations' - TD Cowen
March 24, 2023 10:26 AM EDTTD Cowen analyst Stephen Glagola downgraded Coinbase (NASDAQ: COIN) to Underperform from Market Perform with a $36 per share price target on Friday, telling investors in a note that there is an incremental risk to operations from the SEC Wells Notice and crypto banking crackdown.
The analyst stated it "appears multiple prongs of COIN's business are... More
