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The lawsuit against Binance highlights cryptocurrency infrastructure risks

From fxpro.news

Bitcoin is down 2.6% in the last 24 hours to $27K. The crypto market’s total capitalisation fell 1.9% to 1.14 trillion. The decline was triggered by the CFTC’s surprise lawsuit against Binance. According to the agency, the platform violated derivatives trading rules by operating without proper registration. Its issued coin, BNB, lost more than 5% overnight. According to CoinShares, investments in cryptocurrencies rose last week for the first time after six weeks of decline, amounting to $160 million – the highest in the previous eight months. Investments in Bitcoin increased by $128m, while Ethereum decreased by $5m ... (full story)

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  • Category: Fundamental Analysis