Crypto Currency Tracker logo Crypto Currency Tracker logo
Cryptoknowmics 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 .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.