2023-06-10 09:52:34

Regulatory Crackdown Scares Investors, Causing Cryptocurrency Markets To Slump

Tokens like Solana, Cardano, and Avalanche saw declines of double digit percentage points. Bitcoin and Ether, the two biggest computerised resources, slid over 3%. SEC punishes Coinbase, Binance with separate lawsuits in U.S By filing lawsuits against Coinbase Global Inc., the largest US exchange, and Binance Holdings Ltd., the sector’s largest trading platform, the SEC earlier this week dealt a double blow to the crypto industry. The SEC denounced Binance and its pioneer Changpeng ‘CZ’ Zhao of misusing client reserves, deceiving financial backers and controllers, and disrupting protection guidelines. Binance’s Binance called SEC ‘disappointing’ after being named in U.S. lawsuit The post Regulatory Crackdown Scares Investors, Causing Cryptocurrency Markets To Slump appeared first on Cryptoknowmics-Crypto News and Media Platform .

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