Binance Experiences Massive BTC Withdrawals
Trader activity on Binance has dropped drastically since the US Commodity Futures Trading Commission (CFTC) initiated a lawsuit against the exchange.
Trader activity on Binance has dropped drastically since the US Commodity Futures Trading Commission (CFTC) initiated a lawsuit against the exchange.
Zhao has denied the accusations against him, stating that the platform does not engage in any form of manipulation and does not trade for profit.
On Sunday, the number of transactions on Binance fell to its lowest amount since July 4, 2022.
MicroStrategy, a software provider and analyst, has recently announced that it has purchased an additional 6,455 BTC, at an average price of $23,238.
From March 18 to March 24, the inflow of funds into cryptocurrency investment products reached its highest since July 2022.
Michael Kagan, CTO of the American chipmaker Nvidia, has commented that cryptocurrencies do not bring any value to humanity.
The world’s seven biggest democracies are anticipated to discuss a collective strategy to control cryptocurrencies, as per Kyoto news agency’s report on March 25.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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