The ongoing SEC probe on Binance’s BNB token could pave way for a larger regulatory move going forward. Last month, the catastrophic meltdown of the Terra network meant an ever growing regulatory pressure on the stablecoin market as a whole. The Securities and Exchange Commission (SEC) is inquiring if Binance’s initial coin offering (ICO) broke[Read more…]
Monthly Archives: June 2022
07
Jun
Jun
The Binance(BNB) relief rally turned down from the $330 resistance, indicating the prevailing downtrend’s resumption. Thus, the resulting downfall tumbled the altcoin price by 15% as it continued to crawl towards the yearly support of $260. Key points The 20-day EMA provides constant resistance to the BNB price. The vortex indicator reflects a bearish crossover[Read more…]
07
Jun
Jun
The U.S. Securities and Exchanges Commission (SEC) has been investigating Binance over allegations of violations during the launch of the Binance Coin (BNB). BNB ICO In Trouble After 5 Years The Binance Coin is the official crypto of the Binance ecosystem and was launched in an initial coin offering (ICO) back in 2017. Now, five[Read more…]
07
Jun
Jun
The US Securities and Exchange Commission’s (SEC) probe against Binance has sparked concerns over regulatory action against other cryptocurrency exchange tokens. The watchdog will reportedly explore if the BNB token was a “Security” at the time of ICO. Major Crypto exchange token’s price drops on Binance Probe There are many crypto exchanges that have issued[Read more…]
07
Jun
Jun
BNB price risks 40% drop as SEC launches probe against Binance BNB price dropped by nearly 7.3% on June 7 to below $275, its lowest level in three weeks. What’s more, BNB price could drop by another 25%–40% in 2022 as its parent firm, Binance, faces allegations of breaking securities rules and laundering billions of dollars[Read more…]
BSC News, BSC Projects
GameFi Project ArchLoot Uses Interactive NFT Gears: Why You Should Invest in UGC?
07
Jun
Jun
MAY 05, 2022, Singapore – NFTs have started to permeate pop culture in various ways. One of the most influential ones might be its combination with the 150 billion dollar business, the gaming industry. Among the short-existing GameFi space, there is proven success and also quick demise. Gathering a team of over 30 members, many[Read more…]
07
Jun
Jun
Last week, Binance said that money laundering in crypto is no big deal, claiming that just 0.15% of 2021 crypto transactions were illicit. This week, it doubled down on that claim, publishing a name-calling rant against “breathless pearl clutching” journalists who “spread disinformation,” “cherry pick data,” and “feed into the cult of crypto paranoia for fame.” Now, the[Read more…]
07
Jun
Jun
The CoinLoan platform has expanded its range of instruments with the introduction of BNB, the Binance utility token making the top five of largest cryptocurrencies by market cap. It is the first step to the integration of CoinLoan with the BNB Smart Chain, a stable and cost-efficient blockchain that enables its users to: create powerful[Read more…]
07
Jun
Jun
The Securities and Exchange Commission is investigating whether Binance broke securities laws with its 2017 BNB coin offering. Key Takeaways Binance is facing an investigation from the SEC over whether the firm’s initial coin offering amounted to the sale of a security. Since the SEC investigation news broke yesterday, BNB has fallen 8.5%. Although the[Read more…]
07
Jun
Jun
The SEC has opened an investigation into Binance to determine whether its BNB token was a security offering when sold in 2017, Bloomberg News reported. Specifically, the watchdog is examining if BNB’s Initial Coin Offering (ICO) met the definition of a security sale without registration. A Binance statement on the matter reframed the situation as[Read more…]
