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Binance market share takes regulatory hit, its US affiliate shrinks

by Cyrus Monte (2023-08-03)


With no major U.S.

data for the remainder of the week and Fed officials in a "blackout" period, Al-Saraf expects it could be a quiet time for the euro against the greenback ahead of the Fed and European Central Bank policy meetings next week.

By the way, your website merely appears to them with the appearance and functionalities. Readymade script or Bitcoin clone script which is the prebuilt or inbuilt script.
Which is taken as a clone for the various famous and popular bitcoin exchange websites like Bitfinex, Binance, Bittrex and more.

The broader S&P 500 rose 0.62%.
Its gains put the benchmark index up 20% from its Oct. 12 closing low and heralded the start of a new bull market, at least by the definition of some market participants.



The Commodity Futures Trading Commission filed its own lawsuit against Binance in March, accusing the exchange, which is registered in the Cayman Islands, of operating in the US illegally.

It is also under investigation by the Department of Justice.

LONDON, July 19 (Reuters) - French bank Societe Generale has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto globally this year.

That pushed up the Aussie dollar and set the bar for a slew of key rate decisions elsewhere in the next couple of weeks, starting with Canada on Wednesday, which could also squeeze in another hike, TD Securities Senior Global Strategist James Rossiter said.

Bitcoin has no physical appearance, but all the transactions done are verified by a massive amount of computing power. It is not available in any bank or government and not valuable as commodity or equity, but it always on high in the list of cryptocurrencies and triggers the launch of substantial virtual currencies.

Bitcoin is used as a mode of payment for sale and service.

As of January 2020, ether's market top is around 1/10 the size of bitcoin's.



Ether, launched in 2015, is right now the second-biggest digital coin by advertise top after bitcoin, in spite of the fact that it lingers behind the predominant digital currency by a huge edge.

on alleged violations of securities laws.

Earlier this month, the U.S. Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binance.



The U.S.

dollar edged back towards last week's 2-1/2-month highs versus major peers, after dropping on Monday following unexpectedly soft U.S. services data, that clouded the policy outlook for the months ahead.

After surprise rate hikes in Australia and Canada, and as the Federal Reserve forecasts two more hikes, investors are now betting that interest rates will remain higher for longer.

The Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception", saying the exchange artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S.

customers from its platform and misled investors about its market surveillance controls.

The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program, in which the company pays customers to use their crypto tokens to facilitate blockchain transactions.

For instance, certain Luno posters, seen across the London Underground and London Buses networks in February 2021, told people to buy Bitcoin, without a clear risk warning, according to the ASA and FCA.

Bitcoin, the world's biggest and best-known cryptocurrency, was last up 5.5% on Wednesday at 29,881.00 after hitting a high of $30,755.00.
It is up roughly 81% for the year-to-date.





In a complaint filed in Manhattan federal court on Tuesday, the SEC said Coinbase has since at least 2019 operated as an unregistered broker by handling cryptocurrency transactions, evading the disclosure requirements meant to protect investors.

Elsewhere, the Turkish lira slid nearly 2% to a fresh record low of 21.99 per U.S.

dollar, while the Canadian dollar rose to a fresh one-month high of C$1.3388 to the greenback ahead of an interest rate decision later on Wednesday.


Where you will store the bitcoin is one of the crucial questions that need to be asked. In the past, some exchanges were hacked, and frauds stole the tokens of users.
How Are You Going To Hold Those Bitcoins? When you buy from online exchanges it directly goes to the exchange wallet and as long as your account is safe, then no one can steal your bitcoins.

In the previous argument, we think of online exchanges as a solid platform, but those exchanges are hackable. To safely store your funds, you can use wallets other than exchange wallets.