Binance seems to be forming a giant head & shoulder pattern with tons of fillable gap that could bring its price from 350$ to 50$, a -85% drop from current valuation. On May 13th, we learned that Binance is under investigation by the DOJ, the IRS and the CFTC for money laundering, allowing terrorist funds to circulate (linked to the latest ransomware attack), allowing americans to use high leveraged trading on futures, having tokenized stocks that may violate securities rules, facilitating tax evasion around the world and also having shady staking programs with high interest rates that may be too good to be true. You can read more about it here:
www.bloomberg.com/ne...-tax-sleuths-bore-in
Maybe we will have a follow-up on that news some time this summer that may give a big blow to the largest crypto exchange and roil the crypto market? We shall see...
www.bloomberg.com/ne...-tax-sleuths-bore-in
Maybe we will have a follow-up on that news some time this summer that may give a big blow to the largest crypto exchange and roil the crypto market? We shall see...