9/7/2023 0 Comments Binance news usWorldcoin, the crypto project of Sam Altman, founder of ChatGPT-developer OpenAI, went live Monday with its mainnet launch. Elon Musk-owned social media platform Twitter started to rebrand Monday to X, part of Musk's artificial intelligence (AI) firm X.AI, while Musk added DOGE to his bio, prompting speculation about the token's role in the platform's future. Popular dog-themed memecoin dogecoin ( DOGE) defied the struggles of the broader cryptocurrency market, jumping as much as 5% before paring some of the gains, CoinDesk reported. SOL plummeted 6.8% over the last 24 hours, while XRP declined 6.2%.Įther ( ETH), the second largest crypto asset by market capitalization, fell 2.1% over the same period and traded at around $1,840. Major alternative cryptocurrencies - altcoins - also dropped through the day, with Ripple's XRP and Solana's SOL leading the fall. Then, BTC recovered and changed hands at around $29,100. The top cryptocurrency by market value fell more than 2.5% to around $29,000 between 9:30 UTC and 10:00 UTC shortly after the Wall Street Journal published its report, and dipped to as low as $28,872 later during the day, CoinDesk data show. CNN Sans ™ & © 2016 Cable News Network.Bitcoin ( BTC) briefly dipped below $29,000 Monday for the first time in more than a month after the Wall Street Journal said Binance CEO Changpeng "CZ" Zhao suggested in a private conversation that the crypto exchange's affiliates had conducted wash trading several years ago, and China's policymakers warned of a tortuous economic recovery while falling short of announcing large-scale stimulus. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “This fight has damaged our business and our reputation but not our fighting spirit or our resolve to defend ourselves against unwarranted charges and ‘regulation by enforcement’ tactics that do not belong in our system of justice,” the tweet said, adding the earlier asset freeze request would have effectively shuttered its business.ĬNN’s Allison Morrow contributed to this report. When reached for comment, Binance.US directed CNN to a Twitter thread on Sunday, which stated the company was looking forward to continuing defending itself in court. The SEC asked a federal court to issue a temporary restraining order to freeze the US assets of Binance in early June, Reuters reported. The industry has long been scrutinized for a lack of regulatory oversight. The commission is cracking down on the world’s biggest crypto enterprises, filing a scathing complaint against Coinbase in early June as well. Grewal, Director of the SEC’s Division of Enforcement, adding the agreement ensures US customers can still withdraw their assets. “Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets,” said Gurbir S. US regulator accuses Binance of running an illegal exchange The SEC on Saturday said it secured the emergency relief to protect US customer assets. The order also bans the defendants from spending the corporate assets on anything than “in the ordinary course of business,” and they must give the regulatory agency oversight over the expenses, SEC said Saturday. The assets and funds explicitly cannot be transferred to them, the agreement ordered, and will stay in domestic control. “Through 13 charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” said SEC Chair Gary Gensler in a statement about the lawsuit in June.īinance Holdings officials, including Zhao, also will not be able to have control over these assets, the agreement said. US crypto investors are left with few options REUTERS/Dado Ruvic/Illustration/File Photo Dado Ruvic/Reuters FILE PHOTO: Representation of cryptocurrency Binance Coin, the native token of the cryptocurrency exchange, is seen in this illustration taken November 29, 2021.
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