$1 billion Of BNB Moved Around The World Yesterday, But Size Isn’t Everything
Join Our Telegram channel to stay up to date on breaking news coverage Binance’s BNB token has dropped by around 10% on the market charts after the Securities and Exchange Commission sued the world’s largest crypto exchange. Changpeng Zhao and entities owned by Binance have been accused of deception, conflict of interest, disclosure violation, and many other charges by the Securities and Exchange Commission. They have been accused of illegally operating unregistered national securities exchanges, broker-dealers, and clearing agencies. Due to this crackdown by the U.S. regulators, Binance has witnessed the biggest drop of this year. Over $1 billion of BNB have been claimed to have moved around in the market due to this action, as per the trade analysts. Read ahead as we discuss the charges framed by SEC against Binance and its CEO and the impact caused by this crackdown on the crypto exchange. Impact on Crypto Market The market capitalization of Binance Coin is m...