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Gary Gensler: "Cryptocurrency firms know well how to register, they just refuse to do it"
The SEC chairman spoke at a finance conference defending his agency's recent actions against Binance and Coinbase. He once again stated that there is enough clarity in regulation, and warned that non-compliance by crypto companies will only lead to another lawsuit.
@Cryptoz ₿
🐶 Dogecoin's 24-hour trading volume hit a three-month high of $3.54 billion, according to LunarCrush. In the past, similar surges resulted in an average 18.4% increase in DOGE's value the following week.
@Cryptoz ₿
❗️🇯🇵 The Japanese regulator (FSA) has published a warning for crypto exchanges:
- “Bybit, BitForex, MEXC Global and Bitget operate in the country without proper registration, violating the laws of the country.”
@Cryptoz ₿
⚡A $1 billion lawsuit has been filed against Binance
Two American law firms went to court, claiming that the crypto exchange trades unregistered securities, as well as bribes influencers to promote their services.
Another FUD 🥲
@Cryptoz ₿
🤯🥇 Justin Sun has offered to buy all 41,500 Bitcoin from the US Government at a 10% discount.
@Cryptoz ₿
⚡️Binance hid ties with China
The Binance cryptocurrency exchange had a connection with China over the past few years, but hid it, the FT reports.
FT also states that the exchange, despite its statements, continued to operate in China in 2017. She also used a Chinese bank to pay salaries to some employees, and had an office in the country until the end of 2019.
A representative of the company commented on this situation:
"Unfortunately, anonymous sources refer to a long history and dramatically distort events. This is not an accurate picture of Binance's activities."
@Cryptoz ₿
Hong Kong regulators will help crypto firms with banking operations to become a center of digital assets.
@Cryptoz ₿
🔔Hacker Euler Finance returned 58,737 ETH (~102 million dollars).
@Cryptoz ₿
Deutsche Wertpapier Service Bank has launched a Bitcoin trading platform
@Cryptoz ₿
Polygon Labs and Immutable are joining forces to introduce an Immutable zkEVM based on Polygon.
@Cryptoz ₿
☄️Binance converted all BUSD in its SAFU fund into TUSD and USDT
Goodbye BUSD, hello TUSD 👀
@Cryptoz ₿
🪙Tether issued 1 billion USDT on Ethereum, the total market value of USDT reached $75 billion.
@Cryptoz ₿
🔥 CPI data revealed - today's turning point
Today at 08:30 EST, the US Consumer Price Index (a significant indicator of the current inflation rate) comes to light. The expected index is 6.0% (a 0.4% decrease in CPI).
Possible scenarios are:
🛑 Positive: CPI below 6.0
Indicates rapid decrease in inflation;
🛑 Neutral: CPI in the range of 6.0-6.3
Would signal a moderate decrease in inflation;
🛑Negative: CPI 6.4 and above
A sign of the US monetary policy's ineffectiveness.
💭 Anyway, a volatile day is ahead, so buckle up and exercise caution in your traiding decisions!
@Cryptoz ₿
🔥 Circle burns tokens
Over the past few hours, Circle has burned more than 534 million USDC.
🛑Most likely, the company has begun the process of redeeming the stablecoins it has issued.
Good news for many investors who were worried about the stability of USDC after the SVB collapse.
@Cryptoz ₿
