- BNB is being offered for BUSD to curb Bitcoin volatility.
- This controversial tweet raises questions concerning the cryptocurrency group.
The U.S. Securities and Change Fee continues to file lawsuits towards main cryptocurrency exchanges, together with Binance, the world’s largest cryptocurrency alternate. After the lawsuit, Binance gained loads of help from the cryptocurrency group.
Binance and CZ Are Promoting Bitcoin Spot At Unimaginable Charges $BNB $220 Liquidation Waterfall
BNB is purchased when spot bitcoin sells, defending $220 liquidation but in addition limiting bitcoin’s upside potential
It is only a home of playing cards pic.twitter.com/ils8nsQiXd
—JW (@JW100x) June 13, 2023
Binance CEO Changpeng Zhao not too long ago responded to a tweet from a crypto fanatic. The tweet mentions that the cryptocurrency alternate and CEO CZ is promoting bitcoin to guard BNB’s $220 liquidation.
I’ve one other reply Tweet This confirms that Binance has offered Bitcoin. He mentioned Bitcoin is being offered as a USDT reserve. Moreover, BNB is being offered for BUSD with a purpose to scale back Bitcoin volatility. He added that that is technically market manipulation and that Binance is certainly as much as one thing to forestall BNB and Bitcoin from crashing.
Nonetheless, CZ replied that Binance doesn’t promote Bitcoin or BNB. Moreover, there are nonetheless luggage of FFT left on the alternate. This controversial tweet raises questions on whether or not cryptocurrency exchanges offered Bitcoin and BNB.
