Binance sued by the CFTC over 'willful evasion' of US federal law
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US regulator sues top crypto exchange Binance, CEO for 'willful evasion'
March 27, 2023 11:25 AM EDTBy Tom Wilson and Angus Berwick
(Reuters) -The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an "illegal" exchange and a "sham" compliance program.
The CFTC sued Binance, Zhao and its former top compliance executive with "willful evasion" of U.S. law, "while engaging in a calculated strategy of regulatory arbitrage to their commercial benefit."
Zhao, a billionaire who was born in China and moved to Canada at the age of 12, called CFTC's... More
Bitcoin Hits Low Following Report Binance And CZ Sued By CFTC Over Regulatory Violations
March 27, 2023 10:59 AM EDTBitcoin Hits Low Following Report Binance And CZ Sued By CFTC Over Regulatory Violations
Down 2.8%... MoreBinance And Cz Sued By CFTC Over Regulatory Violations - Bloomberg
March 27, 2023 10:58 AM EDTBinance And Cz Sued By CFTC Over Regulatory Violations - Bloomberg
... More81% 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
Bitcoin acts as a safe-haven asset during periods of crises, claims Bernstein
March 24, 2023 11:37 AM EDTBernstein's Gautam Chhugani said Friday that Bitcoin acts as a safe-haven asset in times of crisis.
The analyst explained in a note titled "Bitcoin vs. Gold vs. Equities correlation in 3 charts" that the correlations have flipped for risk-off assets in the last few days since the US banking... More
Bitcoin (BTC) 'acts as a safe-heaven asset during periods of crises' - Bernstein
March 24, 2023 5:52 AM EDTBernstein analyst Gautam Chhugani on Bitcoin's correlation with gold and stocks: "We believe the correlations have flipped for 'risk-off assets' in the last few days since the U.S banking crisis, and it could be a critical signal for investors to monitor. The correlation with equities rose, as the... More
Bitcoin Quickly Spikes to High, Up 5% at $28,750
March 23, 2023 11:18 AM EDTBitcoin Quickly Spikes to High, Up 5% at $28,750
... MoreThe recent digital-assets boom has had echoes of the dot-com bubble - DB
March 23, 2023 6:13 AM EDTDeutsche Bank analyst Marion Laboure on Bitcoin: "Though history does not repeat itself, the recent digital-assets boom has had echoes of the dot-com bubble, with all its irrational exuberance."
... More