Wednesday, May 31, 2023

Bitcoin falls 3.8% after US complaint about Binance

Caracas.- Bitcoin is falling 3.8% this Monday and is trading around $27,000 after a complaint by the United States authorities about Binance, the largest cryptocurrency platform in the country, and its founder, Changpeng Zhao, violating financial rules and regulations in the country.

At 8:00 am, the most well-known and famous cryptocurrency on the market fell 3.8% and changed to $27,005 after starting the session a little above $28,000.

The cryptocurrency went through the worst moment of the day shortly before the European stock markets closed, when it marked a provisional intraday low of $26,570.

Bitcoin lost almost $20,000 level at the beginning of the month after the liquidation of its own bank in cryptocurrencies Argentegate Bank, but returned to capture the money of investors after the bankruptcy of financial institutions such as Silicon Valley Bank (SVB) in the United States. The United States and exceeded the level of 28,000 dollars with an accumulated revaluation of almost 30%.

However, the complaint of the Commodity Futures Trading Commission (CTC) returns doubts to the sector with the record of the bankruptcy of the board FTX, which became one of the largest in the industry at the end of 2022 and led the cryptocurrency to the market. a minimum of $15,000.

The case, filed on Monday in front of a federal court in Chicago, claims that since July 2019, Binance has preferred derivatives operations in the US to users, despite the fact that in theory it could not do so and did not require any type of identification for those customers. even against the commandments.

In addition, the CfTc promises that, although Binance intends to restrict access to customers of the United States of America (USA), at the same time it has suggested methods to evade controls and access those operations.

US Propulsion considers the founder and CEO to be responsible for all strategic planning, including “privacy planning” to help customers of great importance to avoid these powers.

Since the beginning of the year, when bitcoin was listed at $16,500, the valuation of the digital currency stands at 63%, although it is still far from the all-time high of November 2021, when it reached $70,000.

With the information from Eph.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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