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 up 0.48%. The best performer of the bunch was XRP, which went up 5.11%. On the flip side, the worst performer was Bitcoin coming in at -1.07%, as it appears to be taking a breather after momentarily breaking past $11,000. Out of the five coins observed here, two cryptocurrencies were up — which is a mixed sign for the crypto sector as a whole.
Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Also of note for technical traders are the following developments in price action:
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Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 26% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that 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 $314,102,112 occurred on Bitcoin’s chain; this is a transaction that is noticeably larger than what we’ve seen on the Bitcoin chain this past week. Bitcoin’s dominance of the crypto market fell slightly since yesterday, but generally remains intact; it now accounts for approximately 58.22% of the value of all circulating cryptocurrencies.
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...