Crypto’s bullish momentum may stall at the $1.2 trillion total market cap resistance, but traders’ newfound caution has not translated to excessive demand for short positions.
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Crypto’s bullish momentum may stall at the $1.2 trillion total market cap resistance, but traders’ newfound caution has not translated to excessive demand for short positions.
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Five days after the CFTC move, a new $1 billion lawsuit was filed against the crypto exchange by the law firm representing three American investors.
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Japan’s FSA warns Binance, Bybit, MEXC Global and BitForex, among others, for unregistered operations as it cracks down on crypto exchanges in Japan.
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The banking crisis has impacted U.S.-based exchanges the most where traders have suffered due to increased price volatility.
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While three American citizens brought in the case, the lawsuit alleges that “millions” of people could be eligible for damages.
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The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits.
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Binance handles fear, uncertainty and doubt (FUD) surrounding its business future following a lawsuit from U.S. authorities.
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Binance.US said it temporarily disabled One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits.
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BTC price bets pile in as Bitcoin approaches one of its most important monthly closes since the November 2021 all-time high.
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