Binance users have withdrawn over 3,400 Bitcoin from Binance in 24 hours, following the regulatory violations lawsuit filed by the CFTC.
March 28, 2023 | | | | Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $26,879 | Bitcoin price is finding is footing as the market continues to digest news of the CFTC suing Binance. | Top-20 altcoins are looking better today, as Ether gains 1%, XRP rallies 10% and BNB falls 1%. | Top Stories for March 28, 2022 🔥 | | Binance users have withdrawn over 3,400 Bitcoin (worth $91.5 million) from Binance in 24 hours, following the regulatory violations lawsuit filed by the CFTC against Binance and its CEO, Changpeng Zhao. | CZ denied allegations of market manipulation and sought damage control measures, but investors have started moving assets away from Binance to minimize the impact of a potential shutdown. | Binance's total Bitcoin balance has reduced while competing exchanges such as Coinbase, Bitfinex, and Gemini have recorded an increase in BTC reserves during the 24-hour timeframe. | | Two committees in the European Parliament have voted in favor of imposing limits on payments by unverified crypto users, as part of a larger overhaul of money laundering laws. | The plans, along with measures to prohibit large cash payments and create a new European Union Anti-Money Laundering Agency (AMLA), were approved by the Economics and Civil Liberties committees. | The cap of 1,000 euros won't apply if a regulated wallet provider is involved or the identity of the payer is known. | | Ethereum network upgrade "Shapella" – a combination of the previously discussed Shanghai and Capella upgrades – will take place on April 12th, allowing for staked ether withdrawals for the first time. | The upgrade will happen at network epoch 194,048, and will introduce EIP-4895 to the network. Shapella also includes other network improvements to optimize transaction fees for certain activities. | | Today on Milk Road: CFTC sues Binance, Microstrategy buys more Bitcoin and Gucci teams up with Yuga Labs. |
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