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Billionaire Changpeng Zhao is the latest crypto kingpin to fall. Meanwhile crypto markets are rebounding. Here’s how to play bitcoin, ether, solana, bnb and blur.
The fallout from the settlement marks another significant blow to the cryptocurrency industry, which has faced increasing scrutiny and investigations.
Cryptocurrency market capitalization dropped 1.7 percent in the past 24 hours to $1.39 trillion, as markets digested the latest developments in the U.S. government's regulatory action against the world's largest cryptocurrency exchange, Binance.
The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation, Bloomberg News reported. Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to people familiar with the discussions.
Evercore ISI downgraded shares of Airbnb (NASDAQ:ABNB – Free Report) from an outperform rating to an in-line rating in a report published on Friday morning, MarketBeat reports. They currently have $136.00 target price on the stock. Several other equities research analysts have also commented on the company. Credit Suisse Group upped their target price on […]