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Bitcoin Seesaws Around $27K as Investors Digest Binance-CFTC Lawsuit

[Mar 28, 2023 1:53 PM] The largest cryptocurrency by market capitalization has changed hands within a narrow range over the past 24 hours following the CFTC’s filing against Binance and its CEO, Changpeng Zhao.

Chicago-Based Radix Trading Is One of Three Quant Firms in Binance Suit: WSJ

[Mar 28, 2023 1:44 PM] The CFTC's lawsuit against Binance and CEO Changpeng Zhao noted at least three U.S.-based quantitative firms that were active on the exchange.

U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity

[Mar 28, 2023 1:25 PM] With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his…

Former CFTC Chairman: Regulator's Lawsuit Against Binance 'Is a Big Deal'

[Mar 28, 2023 12:47 PM] “This is a big deal,” Timothy Massad told CoinDesk TV’s “First Mover” regarding the agency’s action against the largest crypto exchange in the world.

Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

[Mar 28, 2023 11:30 AM] Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government…

How Bad Is the Binance Suit?

[Mar 28, 2023 11:13 AM]

Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam

[Mar 28, 2023 8:46 AM] The CFTC on Monday filed suit against the crypto exchange and its CEO Changpeng Zhao.

First Mover Americas: Bitcoin Drops on CFTC’s Suit vs. Binance

[Mar 28, 2023 6:24 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for March 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Binance-CFTC FUD puts BNB price at risk of drop toward $200

[Mar 28, 2023 6:15 AM] Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer.

CFTC-Binance Lawsuit Could Worsen Crypto Market Liquidity, Pull Bitcoin Down to $25K: Observers

[Mar 28, 2023 4:48 AM] Low liquidity means wave of buy or sell orders can have an outsized impact on bitcoin's market price.

BNB Dumps 6% As CFTC Sues Binance And CEO For Non-Compliance

[Mar 28, 2023 4:30 AM] BNB, the native currency of the Binance ecosystem, is down 6% in the past 24 hours, trackers on March 28 show. BNB Slips 6% As Sell Pressure Mounts As the coin remains under pressure, it is underperforming the broader cryptocurrency market…

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

[Mar 28, 2023 4:20 AM] Market observers pointed out that the CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies.

CFTC Vs. Binance: Cumberland Outlines 3 Scenarios For Bitcoin And Crypto

[Mar 28, 2023 3:15 AM] The lawsuit filed by the Commodity Futures Trading Commission (CFTC) against Binance and its CEO Changpeng Zhao (CZ) rattled the crypto market yesterday, causing the Bitcoin price to drop by $1,300 and 5% at times. At press time, BTC was…

Binance saw $850M withdrawals before CFTC indictment: Data

[Mar 28, 2023 2:26 AM] In the twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital.

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

[Mar 28, 2023 2:05 AM] 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.

CFTC Could Force Binance to Cease U.S. Operations as Part of Settlement: Bernstein

[Mar 28, 2023 1:43 AM] The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.

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

[Mar 28, 2023 12:00 AM] 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…

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

[Mar 27, 2023 11:29 PM] 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.

Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’

[Mar 27, 2023 6:06 PM] In a blog post, Changpeng Zhao wrote that the company did not agree with “the characterization of many of the issues, and touted the exchange’s compliance technology. He also wrote that he had only two Binance accounts.

Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance

[Mar 27, 2023 2:10 PM] BTC dropped to the lowest level since March 17 after the agency sued the crypto exchange for alleged regulatory violations. Binance Coin (BNB)’s price declined by 5%.

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

[Mar 27, 2023 1:56 PM] The CFTC lawsuit details how the firm allegedly offered unregistered commodity derivatives to American customers.The Commodity Futures Trading Commision has sued Binance, the world’s largest cryptocurrency exchange by volume, and its CEO Changpeng…

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

[Mar 27, 2023 1:46 PM] 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.

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’

[Mar 27, 2023 1:28 PM] If the U.S. were to design a digital dollar that protects the privacy of its users and is free of surveillance tools, it could reach mass adoption, the Digital Dollar Project co-founder said.

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

[Mar 27, 2023 12:50 PM] Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

[Mar 27, 2023 10:30 AM] The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange…

Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit

[Mar 27, 2023 9:38 AM] Shares of rival crypto exchange Coinbase fell by the most since Wednesday.

Binance and CZ sued by CFTC over US regulatory violations

[Mar 27, 2023 9:23 AM] The cryptocurrency exchange and its founder, Changpeng Zhao, have allegedly violated trading and derivatives rules.

CFTC Sues Binance, CEO Zhao Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products

[Mar 27, 2023 9:05 AM] The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng “CZ” Zhao Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. The…

White House report takes aim at Bybit — and forgot about Deribit

[Mar 24, 2023 5:50 PM] The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.

CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed

[Mar 23, 2023 12:10 AM] DeFi was top of the agenda at the CFTC’s tech committee meeting, with crypto execs giving explanations and discussing the space with the regulator.