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 0.91%. Leading the way was XRP, whose price is now around $0.262592 USD, which yielded holders a return of 3.01% from the day prior. In terms of the worst performer, that would be Bitcoin, which reported a day-over-day return of -0.51% — a move that puts its price around $10313.02 USD. Three of the coins had up days, which is a mixed sign for the crypto sector.
The move in XRP was especially surprising; it was much larger than the normal daily trading range associated with the currency. Technical traders may also wish to note the following developments in price action:
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 34% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple’s transaction fee is less than Ethereum’s transaction fee; in and of itself, this may imply transaction fees might be a key reason why users are preferring Ripple. Ethereum was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $75,923,279 US dollars.
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...