The cryptocurrencies start the week in negative territory but a news ended up dethroning them. Bitcoin re-drills $27,000 with a drop of more than 5% in the last 24 hours.
The cryptocurrencies They start the week in negative territory but a news ended up dethroning them. ANDl Bitcoin re-drills $27,000 with a drop of more than 5% in the last 24 hours and touches lows of one month. While Ethereum is close to $1,800. The rest of the market operates with the majority of losses of up to 10% led by Binance Coin (BNB), Solana (SOL) and Dogecoin (DOGE) at -8% and Cardano (ADA) at -6%.
Why is Bitcoin going backwards?
Wall Street’s top regulator has accused Binance Holdings Ltd. and its CEO Changpeng Zhao of breaking US securities rules, a sharp escalation for the legal challenges the company faces.
Specifically, the Securities and Exchange Commission (SEC), He said the company broke investor protection rules by trading in unregistered securities. He also said it failed to adequately account for operations controls, among other violations.
“Through 13 counts, we allege that Zhao and Binance entities were involved in a wide web of conflicts of interest, extensive web of deception, conflicts of interest, lack of speech, and calculated deception of the law,” the head of the law said. SEC, Gary Gensler in a statement. “The public should be careful about investing any of their hard-earned assets with or in these illegal platforms.”
Source: Ambito
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