Binance's Liquidity Troubles, Buffett's Forecast Rollback, and a Sheriff's Bitcoin Clash: Top Crypto Stories of the Week
Benzinga - The past week in the cryptocurrency industry has been a rollercoaster ride, with significant developments from major players and regulators.
From the Binance.US liquidity crisis to At Warren Buffett's crypto predictions, a Texas sheriff's clash with a Bitcoin ATM operator, a North Carolina politician's investment in Shiba Inu, JPMorgan Chase's SEC 'tsunami' warning and a crypto trader's investment strategy, it's been an action-packed week. Let's dive into the details.
Binance.US is facing a liquidity crisis - In the midst of the SEC lawsuit, Binance.FR experienced a severe liquidity crunch, with market makers and traders leaving the cryptocurrency exchange at an alarming rate. Liquidity on Binance.US, measured through aggregate market depth for 17 tokens, fell nearly 80% in just one week. Read the full article here.
Accuracy of Warren Buffett's Crypto Prediction – In a 2018 interview, warren buffet predicts a bad end for cryptocurrencies. Despite the remarkable growth of Bitcoin (CRYPTO:BTC) since then, its value has seen significant fluctuations, lending some weight to Buffett's prediction. Read the full article here.
Texas Sheriff seizes cash from Bitcoin ATM – A Texas sheriff seized cash from a Bitcoin ATM operated by Lux Vending (trading as Bitcoin Depot) after an 82-year-old woman was scammed into transferring $15,000 into Bitcoin. The ATM company is now in a legal battle against the sheriff, arguing that the seizure violated the US and Texas constitutions. Read the full article here.
North Carolina politician invests in Shiba Inu – Shannon Braycandidate for governor of North Carolina, announced its intention to buy Dogecoin (CRYPT: DOGE) shiba inus (CRYPTO: SHIB) with his next salary. Bray has voiced his support for Shiba Inu several times on social media, believing the cryptocurrency has built up significant traction. Read the full article here.
JPMorgan Chase warns of SEC 'tsunami' – JPMorgan Chase warned of a "tsunami" of SEC lawsuits against crypto titans like Binance and Coinbase. The bank stressed the urgent need for US lawmakers to develop a comprehensive framework on how to regulate crypto industries. Read the full article here.
Michael van de Poppe's Top 4 Crypto Picks – Crypto Trader Michael van de Poppe revealed his top four coins to invest in before 2024. His picks include Bitcoin, Ethereum (CRYPTO: ETH), Peas (CRYPTO: DOT), and Chain link (CRYPTO: LINK). Van de Poppe thinks these cryptocurrencies have a bright future ahead of them. Read the full article here.
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