spot_imgspot_imgspot_img

LAST MINUTE: Is the US Department of Justice Opening a Lawsuit Against Bitcoin Exchange Binance?

According to sources reached by COINOTAG, officials from the US Department of Justice are considering accusing cryptocurrency exchange Binance of fraud.

The Justice Department’s Move Against Binance Shakes the Market

binance

According to information received by COINOTAG, officials from the United States Department of Justice are considering fraud charges against cryptocurrency exchange Binance, but they are concerned about the cost to consumers.

Federal prosecutors are concerned that accusing Binance could lead to a collapse similar to the one experienced by FTX, resulting in consumers losing their money and potentially causing a panic in the crypto market.

Prosecutors are considering penalties and other options such as deferred prosecution or non-prosecution agreements. This solution would hold Binance accountable for the alleged wrongful behavior while minimizing consumer harm.

This debate highlights the complex and rapidly changing nature of crypto applications and regulations in the United States, where companies operate in a legal gray area and consumers lack protections afforded by traditional banking systems.

But that’s not the only problem for the exchange…

Binance and its founder Changpeng Zhao are already facing charges brought by the US Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission is also involved in these allegations. The SEC’s complaint accuses Zhao and the company of operating an unregistered exchange in the US and knowingly allowing its citizens to participate in Binance’s overseas exchange.

The SEC also alleged that Binance used Sigma Chain, a secret market-making firm, to manipulate transactions on its US platform. Legal experts have said that the seriousness of the charges makes the SEC’s case appear like a criminal prosecution, increasing the likelihood of further charges following the initial allegations.

It is unusual for the SEC to file a civil lawsuit before federal prosecutors in high-profile cases. The agency typically works to bring civil and criminal cases simultaneously with the Department of Justice.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?

SEC Prepares to Approve Options for Spot Bitcoin ETFs

Will the U.S. Securities and Exchange Commission (SEC) approve options trading for BITB and GBTC spot Bitcoin ETFs?

What Happens If Bitcoin Crashes? Renowned Author Robert Kiyosaki Explains!

Entrepreneur and renowned author Kiyosaki shared his thoughts on the potential collapse of Bitcoin within the community.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?