Bitcoin and ether were trading higher than the global on Monday evening cryptocurrency The market cap rose 0.1% to $850.9 billion as of 7:21 p.m. EST.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 1% | 1.1% | $17,194.35 |
| ether ETH/USD | 1.2% | 0.9% | $1,274.06 |
| Dogecoins DOGE/USD | -1.5% | -10.45% | $0.09 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| stack (STX) | +5.9% | $0.30 |
| Trust wallet token (TWT) | +6.7% | $58.67 |
| Bitcoin SV (BSV) | +8.4% | $47.47 |
See also: The four best Binance alternatives for 2022
Why it matters: The trading day was dominated by regulatory news on Monday. The USA Ministry of Justice is alleged considering criminal charges against the exchange of cryptocurrencies binance and its CEO, Changgeng Zhao.
The alleged offenses are related to the 2018 investigation into Binance’s anti-money laundering compliance and fines.
Separately, Sam Bankman Friedthe founder of the ailing cryptocurrency exchange FTX arrested in the Bahamas on Monday after local authorities received formal notification from the United States.
The US is likely to pursue Bankman-Fried’s extradition, according to Bahamian authorities.
“Binance is the world’s largest crypto exchange and traders will pay close attention to the spotlight that is placed on them. Prosecutors at the Justice Department allegedly have evidence that could warrant indictment on possible money laundering violations and criminal sanctions,” he said Edward MoyaSenior Market Analyst at OANDA.
“Crypto traders are more concerned about the risk of bankruptcy, and right now these allegations of AML and sanctions violations appear only to result in fines and not be the domino that is triggering a mass exodus from this exchange,” Moya said in a note released by Benzinga was viewed.
Binance’s intraday net outflows hit $902 million on Monday, beating all other…
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