{"id":9824,"date":"2022-06-06T21:09:00","date_gmt":"2022-06-06T18:09:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=9824"},"modified":"2024-02-19T21:50:41","modified_gmt":"2024-02-19T18:50:41","slug":"bitcoins-up-binance-down-sec-investigating-bnb","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/hu\/2022\/06\/06\/bitcoins-up-binance-down-sec-investigating-bnb\/","title":{"rendered":"Bitcoin\u2019s up and Binance is down: SEC is investigating BNB"},"content":{"rendered":"<p>The cryptocurrency market has been bearish since April, but now it seems on its way to recovery. After weeks of losing value, Bitcoin (BTC) is finally turning bullish. On the contrary, Binance Coin (BNB) may face an investigation by the U.S. Securities and Exchange Commission (SEC), and its parent exchange has been accused of allowing money laundering.<\/p>\n\n\n\n<p><strong>As a result, BNB lost over 7% in the last 24 hours. Meanwhile, BTC gained 4.6% <\/strong>in the last two days, and the total crypto market capitalization also experienced a 3.5% increase during the same period [CoinMarketCap]. According to the analytics platform <a href=\"https:\/\/twitter.com\/santimentfeed\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Santiment<\/a>, the mega whales (holders with over 10k BTC) may be boosting a buying spree.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe mega whale addresses of Bitcoin, comprised partially of exchange addresses, own their highest supply of $BTC in a year. We often analyze the 100 to 10k $BTC addresses for alpha, but accumulation from this high tier can still be a promising sign.\u201d<\/p><\/blockquote>\n\n\n\n<p>This would come to prove that institutional investors are still holding their BTCs and even <a href=\"https:\/\/alfacash.blog\/2020\/10\/28\/fomo-btfd-dyor-other-crypto-terms-you-should-know\/\" target=\"_blank\" rel=\"noreferrer noopener\">a dip v\u00e1s\u00e1rl\u00e1sa<\/a> right now. For its part, BNB isn\u2019t being so lucky. The SEC\u2019s, apparently, aiming to repeat the Ripple <a href=\"https:\/\/alfacash.blog\/2020\/12\/23\/sec-sued-ripple-xrp-lost-almost-40-now\/\" target=\"_blank\" rel=\"noreferrer noopener\">(XRP) story<\/a>. <strong>They might accuse the exchange of illegal sales of an unregistered security<\/strong>, as per a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-06\/us-probes-binance-over-token-that-is-now-world-s-fifth-largest#xj4y7vzkg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bloomberg report<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"648\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-1024x648.jpg\" alt=\"Binance-BNB-SEC-regulation\" class=\"wp-image-4760\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-1024x648.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-300x190.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-150x95.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-18x12.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-270x171.jpg 270w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-770x487.jpg 770w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-803x508.jpg 803w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-814x515.jpg 814w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-370x234.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-554x351.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-306x194.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-260x165.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280-87x55.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/11\/justitia-3222265_1280.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>BNB was born from an Initial Coin Offering (<a href=\"https:\/\/alfacash.blog\/2020\/10\/17\/boom-bust-icos-lot-of-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">ICO<\/a>) launched by Binance in 2017. They got around $15 million for the development of their platforms and initiatives. Five years later, the SEC measure seems unwise, as the attorney Collin Belton <a href=\"https:\/\/twitter.com\/collins_belton\/status\/1533920862079967232\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">komment\u00e1lta<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cIts mcap is higher than most US companies, why wait this long to take potential action if you\u2019re concerned about potential harm? Letting things balloon only to prick it once massive seems like a recipe for inducing consumer harm rather than staving it off.\u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Beyond BNB, money laundering accusations<\/strong><\/h2>\n\n\n\n<p>Not only the SEC is proving BNB, but also Reuters published unfavorable research against Binance. Titled \u201cHow crypto giant Binance became a hub for hackers, fraudsters and drug traffickers\u201d, <a href=\"https:\/\/www.reuters.com\/investigates\/special-report\/fintech-crypto-binance-dirtymoney\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">a dokumentum<\/a> concludes that <strong>around $2.3 billion have been laundered through this exchange from 2017 to 2021<\/strong>. And that was possible due to their lax KYC measures.<\/p>\n\n\n\n<p>As they described:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cDuring this period, Binance processed transactions totaling at least $2.35 billion stemming from hacks, investment frauds, and illegal drug sales, Reuters calculated from an examination of court records, statements by law enforcement, and blockchain data, compiled for the news agency by two blockchain analysis firms. Two industry experts reviewed the calculation and agreed with the estimate.\u201d<\/p><\/blockquote>\n\n\n\n<p>Az <a href=\"https:\/\/alfacash.blog\/2022\/02\/19\/5-crypto-scams-looking-victims-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">illegal funds<\/a> would have come from sources such as the criminal hacking group Lazarus from North Korea, the Darknet marketplace Hydra, and several organized crime groups from Europe. <\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"678\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-1024x678.jpg\" alt=\"A legnagyobb DeFi-hacker-Poly\" class=\"wp-image-7727\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-1024x678.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-300x199.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-150x99.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-18x12.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-270x180.jpg 270w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-770x510.jpg 770w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-768x508.jpg 768w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-778x515.jpg 778w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-370x245.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-554x367.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-306x202.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-260x172.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280-87x58.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/red-matrix-5031496_1280.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>Binance already denied the accusations, urging users to \u201cignore those authors and pundits who cherry-pick data, rely on conveniently unverifiable \u2018leaks\u2019 from regulators, and feed into the cult of crypto paranoia for fame or financial gain\u201d.}<\/p>\n\n\n\n<p><strong>This isn\u2019t the first time that Binance is questioned by authorities, though<\/strong>. Last year, they had <a href=\"https:\/\/alfacash.blog\/2021\/07\/06\/binance-suspends-sepa-transfers-new-regulatory-issues\/\" target=\"_blank\" rel=\"noreferrer noopener\">to suspend<\/a> SEPA transfers due to regulatory issues. Besides, several governmental agencies in different countries have already warned against this exchange.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><em>Wanna trade\u00a0BTC, BNB, and other tokens? You can do it<\/em>\u00a0<em>biztons\u00e1gosan\u00a0<a href=\"https:\/\/www.alfa.cash\/buy\/bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">az Alfacash-n<\/a>! \u00c9s ne felejts\u00fck el, hogy err\u0151l \u00e9s m\u00e9g sok m\u00e1sr\u00f3l besz\u00e9l\u00fcnk a k\u00f6z\u00f6ss\u00e9gi m\u00e9di\u00e1ban.<br><br><\/em><a href=\"https:\/\/t.me\/AlfacashCommunity\" target=\"_blank\" rel=\"noreferrer noopener\">T\u00e1virat<\/a>\u00a0*\u00a0<a href=\"https:\/\/www.facebook.com\/alfacashstore\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>\u00a0*\u00a0<a href=\"https:\/\/www.instagram.com\/alfacashstore\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>\u00a0*\u00a0<a href=\"https:\/\/www.youtube.com\/channel\/UCOl4fdRHj8AseQ5b6z9udaw\" target=\"_blank\" rel=\"noreferrer noopener\">Youtube<\/a>\u00a0*<a href=\"https:\/\/twitter.com\/AlfacashStore\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>After weeks of losing value, Bitcoin is finally turning bullish. On the contrary, Binance Coin (BNB) starts a polemic path. <\/p>","protected":false},"author":5,"featured_media":9829,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[285,43,218,69,118,213],"class_list":{"0":"post-9824","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-trends-alfacash","8":"tag-binance","9":"tag-bitcoin","10":"tag-cryptocurrency-market","11":"tag-prices","12":"tag-regulations","13":"tag-sec"},"featured_image_src":"https:\/\/alfacash.blog\/wp-content\/uploads\/2022\/06\/Bitcoin-up-Binance-down.jpg","author_info":{"display_name":"Isabel P\u00e9rez","author_link":"https:\/\/alfacash.blog\/hu\/author\/isabel\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin\u2019s up and Binance is down: SEC is investigating BNB<\/title>\n<meta name=\"description\" content=\"After weeks of losing value, Bitcoin is finally turning bullish. 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