Binance and CZ fight back with a motion of dismissal
Following the lawsuits against Binance from the SEC, the exchange and its CEO have filed a motion of dismissal.
In aggregate since yesterday, the “fab five” — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — were down -2.94%. Leading the way was Bitcoin Cash, whose price is now around $212.39 USD, which yielded holders a return of 1.06% from the day prior. On the flip side, the worst performer was Litecoin coming in at -7.4%; its price is now near $48.57 USD. Out of the five coins observed here, just one cryptocurrency up — which indicates the almost the entirety of the sector as a whole moved down as a whole.
The moves in XRP and Litecoin were especially surprising; they were much larger than the normal daily trading range associated with the currency. Traders may also wish to bear in mind the following events going on regarding current price patterns:
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ripple; its 1,223,338 transfers added was about 70% greater than the transactions recorded on Ethereum, which was the runner up for transactions logged on its chain over the past 24 hours. Ripple’s transaction fee was also less than Ethereum’s, suggesting transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $135,214,192 occurred on Bitcoin’s chain. The circulating value of all Bitcoins now comes in at approximately $134.33 billion US dollars — which means Bitcoin accounts for about 65.36% of the entire cryptocurrency market. Its dominance has been in a downtrend over the past two weeks, heading between 65.36% to 66.95%.
Following the lawsuits against Binance from the SEC, the exchange and its CEO have filed a motion of dismissal.
Mt Gox has delayed the deadline to reimburse investors yet again, marking another year in a decade long delay.
Circle has announced that USD Coin will be launched on the blockchain, extending USDCs presence in the ecosystem.
Lawmakers in the United States have made moves to impede the development and launch of a central bank digital currency (CBDC) in the...