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The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance, its U.S. platform, and CEO Changpeng Zhao (CZ) in the District Court for the District of Columbia on June 5. 4. Our team is on your side to ensure the systems are stable, including withdrawals and deposits. We will issue a response […]
As the crypto world collectively stands in awe of the regulatory hammer that just dropped on Binance and Coinbase, clarity is slowly creeping in on the long-term ramifications of the SEC's expansive complaint against some of the world's biggest crypto exchanges.
The sharp move down has pushed Bitcoin’s price below its 200-week average ($26.3K). And now all the attention of position traders is focused on whether the price returns to territory above that line before the end of the week. If not, we should be prepared for a big sell-off down to $22K. This is the main working scenario, given the series of lower highs and lower lows over the past two months.
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The SEC claims cryptocurrencies BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI as securities in new Binance lawsuit.