TechLife Chronicle

 Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao have filed a complaint with the US Commodity Futures Trading Commission (CFTC) on the 27th of March. This marks the first time that US regulators have targeted Zhao, who is considered the most influential person in the virtual currency industry, and it is expected to have significant repercussions throughout the industry. According to Bloomberg News, the CFTC filed a complaint with the Chicago Federal Court on the same day, accusing Binance and Zhao of violating regulations on derivatives. The complaint alleges that CEO Zhao violated eight key provisions of the Commodity Exchange Regulations (CEA) related to preventing money laundering and terrorist financing. The former chief compliance officer of Binance, Samuel Lim, was also named in the lawsuit for aiding and abetting these violations. The CFTC has requested the court to impose civil fines and a permanent ban on trading and registration, along wit...

  The recent financial crisis at Silvergate Bank has been a game-changer for Bitcoin traders. The cryptocurrency has been fluctuating wildly over the weekends, reflecting the volatile nature of the trading market without any closing. This situation has forced coin investors to keep a watchful eye on Bitcoin's price, especially during weekends. Bitcoin's price has surged significantly over the past weekend, starting from Friday, the 17th of the month. The cryptocurrency, which was hovering around the late $24,000 range, witnessed a sudden spike in the afternoon of the 17th and has since crossed the $27,000 mark over the weekend. In just two days, it has risen by more than 8%, and on a weekly basis, it has seen a jump of more than 30%. The primary reason behind this surge in Bitcoin's price is the prospect that the crisis in the U.S. banking industry is far from over. Following Silvergate Bank, other banks such as Silicon Valley Bank and Signature Bank are also at risk. In Eu...