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Cryptocoins News / The Cointelegraph ​ - 2 years ago

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

The plaintiffs referred to Musk’s 2021 Saturday Night Live appearance, during which he played “a fictitious financial expert” and called Dogecoin “a hustle,” causing the price of DOGE to...

Cryptocoins News / Blockchain  - 2 years ago

Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

Binance CEO, Changpeng Zhao, denies market manipulation allegations made by the CFTC. However, investors withdrew over 3,400 BTC from Binance within 24 hours of the lawsuit announcement, leading to a decrease in Binance's total Bitcoin balance while...

Cryptocoins News / EthereumWorldNews - 2 years ago

Binance’s BUSD Sees $500 Million In Outflows Following CFTC Lawsuit

Binance’s BUSD stablecoin has suffered nearly $500 million in outflows over the past 24 hours.The significant outflow came after the U.S. CFTC filed a lawsuit against the crypto exchange and its CEO.& Binance’s customers have withdrawn over $800...

Bitcoin News / Bitcoin.com - 2 years ago

Bitcoin, Ethereum Technical Analysis: BTC Moves Below $27,000, Following CFTC Suit Against Binance

Bitcoin moved below $27,000 during Tuesday’s session, as the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance. The suit claims that Binance knowingly offered unregistered crypto products to U.S. customers. Ether...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement

Market observers pointed out that the CFTC goes after bigger fish, and its regulatory action often proves fatal for crypto companies. The United States Commodity Futur...

Cryptocoins News / CoinJournal - 2 years ago

BNB/USD price forecast amid CFTC suing Binance for crypto trading violations

CFTC sues Binance for trading violations& BNBUSD bearish bias persists $200 is a major support area The cryptocurrency market is hit with another scandal as news that CFTC (Commodity Futures Trading Commission) is suing Binance for trading vio...

by COINS NEWS - 2 years ago

Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit

Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone. Soon after the United States...

Bitcoin News / Bitcoin.com - 2 years ago

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million i...

by COINS NEWS - 2 years ago

7 details in the CFTC lawsuit against Binance you may have missed

Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims. T...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification

The suit claims Binance used Ether as a commodity in its financial products, experts explained, which says little about the basic nature of the coin. The United States...