Der Coinbase-Chef Brian Armstrong ist trotz der aktuellen Querelen mit der SEC von einem Verbleib in den USA überzeugt.
Britische Finanzaufsicht kündigt Inspektionen von illegalen Krypto-Geldautomaten an
Nachdem die FCA im Osten Londons und in Leeds bereits gegen illegale Krypto-Geldautomaten vorgegangen ist, sollen nun auch in weiteren Städten ähnliche Operationen folgen.
Memecoin-Hype treibt Bitcoin-Transaktionsgebühren in die Höhe
Scherz-Kryptowährungen wie Pepe Coin treiben die Transaktionsgebühren von Bitcoin aktuell in mehrjährige Höhen.
US DOJ investigating Binance for potential violations of Russian sanctions
- DOJ’s national security division is investigating Binance.
- Binance is accused of enabling Russians to circumvent US sanctions.
- The inquiry is focusing on both Binance and its officials.
Binance, the largest cryptocurrency by trading volume, is under investigation by the US Department of Justice (DOJ) for potential violations of Russian sanctions.
The DOJ’s national security division is investigating whether Binance was used to enable Russians to evade US sanctions and transfer money through the exchange.
Growing regulatory crypto scrutiny
The DOJ is specifically investigating whether the crypto exchange or its officials violated or assisted in violating the sanctions against Russia.
DOJ’s investigation highlights the increasing regulatory scrutiny of crypto exchanges across the world and mostly in the US as authorities kick in to prevent illegal activities.
Binance troubles in the US
It is not the first time Binance is getting investigated by US securities. On March 27, the US Commodity Futures Trading Commission (CFTC) issued a 74-page complaint labelling Ethereum (ETH), Binance USD (BUSD), Litecoin (LTC), Tether (USDT), and Bitcoin (BTC) as commodities and also accused Binance and its CEO Changpeng Zhao of market manipulation and lack of compliance. Changpeng ‘CZ’ Zhao however came out and rejected the CFTC’s allegations against Binance and himself.
Although Binance was yet to comment on the reported DOJ investigation at press time, it has previously stated that it is committed to complying with all laws and regulations in all the jurisdictions in which it operates in. The exchange has also invested heavily in complying with Know Your Customer and Anti-Money Laundering measures to prevent illegal activities.
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ETH retests $2K: Here’s why Ethereum price is up today
- Ethereum (ETH) is trading higher today as the crypto market cap bounces to $1.27 trillion.
- ETH price rose to $2,008 while Bitcoin (BTC) price climbed to $29,800 looks to end the week stronger.
- Gains for cryptocurrencies came as US equities ended the week higher, with regional bank stocks pummeled earlier in the week rebounding.
On Friday, the price of Ethereum rose over 6% within hours to break above $2,000, a key technical level that bulls seek to turn into support. On Saturday, Ethereum was trading around $1,966 and up 4% in the past 24 hours after rising to intraday highs of $2,008.
Ethereum isn’t the only crypto asset to see a price bump in the past day. Bitcoin, the benchmark cryptocurrency and digital gold, rose to near $29,800 as a 3% price increase took bulls to within the now highly coveted $30k level.
Both Ethereum and Bitcoin are looking to benefit from an uptick in investor sentiment, particularly with risk appetite back following recent dips.
Why did Ethereum price go up?
The total cryptocurrency market cap rose 1.5% to above $1.27 trillion as memecoin mania returned with Pepe (PEPE) and Floki Inu (FLOKI) prices surging after listing on Binance.
A look across the broader market shows crypto prices rebounded as the US stock market ended the week higher, with the major indices all turning green after a four-day losing streak.
The S&P 500 closed 1.85% up, the Dow Jones Industrial Average added 546 points, or 1.65% and the Nasdaq closed 2.25% higher.
The positive returns for the market came as equities rebounded, led by shares of Apple (AAPL) that jumped to a nine-month high on the iPhone maker’s better-than-expected quarterly report. The market also saw regional bank stocks show some recovery after massive sell-off in the week, with PacWest shares among those to rebound after falling over 60% on Thursday.
While crypto and other risky assets are likely to benefit from overall investor sentiment, the coming week will be key as the markets assess April’s CPI report.
The Federal Reserve Chair Jerome Powell hinted this week that the central bank could pause its interest rates hike. However, with this week’s strong jobs data, all eyes will be on the CPI data as investors evaluate the inflation indicator.
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