6:42 PM · 20 November 2023

BREAKING: US Department of Justice with proposed settlement with Binance

The U.S. Department of Justice is demanding more than $4 billion from cryptocurrency exchange Binance as part of a proposed settlement of a years-long investigation into possible money laundering, bank fraud and sanctions violations, Bloomberg reported. A spike in volatility on Binancoin was reported shortly after the announcement. The first downward wave was quickly negated and the cryptocurrency is currently gaining 8.5% intraday.

Source: xStation

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