{"id":11173,"date":"2023-03-28T19:16:30","date_gmt":"2023-03-28T19:16:30","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=11173"},"modified":"2023-03-28T19:16:30","modified_gmt":"2023-03-28T19:16:30","slug":"is-binance-in-hot-water-cz-sued-by-the-cftc-watch-the-market-report","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11173","title":{"rendered":"Is Binance in hot water? CZ sued by the CFTC \u2014 Watch The Market Report"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>This week on The Market Report, our beloved host, Joe Hall, and insightful expert Sam Bourgi, unfortunately, could not make it, but don\u2019t worry because Marcel Pechman is here to breakdown everything that is happening between\u00a0the United States Commodities Futures and Trading Commission, Binance and Changpeng \u201cCZ\u201d Zhao.<\/p>\n<p>Breaking: Binance and CZ sued by CFTC over US regulatory violations<\/p>\n<p>The U.S. CFTC has filed suit against Binance and CEO CZ for trading violations, according to a Bloomberg report. According to the CFTC, Binance failed to meet its regulatory obligations by not properly registering with the derivatives regulator. The cryptocurrency exchange has been the focus of a CFTC investigation since 2021. The exchange acknowledged in February that it would likely face regulatory action in the U.S. and was already working with regulators. What does this mean for the future of Binance in the U.S., and how big of an impact will it have on Binance\u2019s market share and the crypto market as a whole?\u00a0<\/p>\n<p>Bitcoin hash rate spikes as analysts say miners coming back online<\/p>\n<p>Bitcoin\u2019s hash rate spiked to all-time highs of 398 terahashes per second (TH\/s) on March 23, with analysts speculating miners are starting to turn their rigs back on as Bitcoin\u2019s (BTC) price rises. In a March 26 post, Sam Wouters, a research analyst at Bitcoin financial service provider River Financial, speculated that the spike in the hash rate is connected to unused mining inventory coming online, new facilities going live, and entrepreneurs finding cheap sources of mining. Is there a correlation between the Bitcoin hash rate and its price? Can we expect a spike in Bitcoin\u2019s price as well? Pechman breaks it all down for you.<\/p>\n<p>The Market Report airs every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to the Cointelegraph Markets &amp; Research YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/is-binance-in-hot-water-cz-sued-by-the-cftc-watch-the-market-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week on The Market Report, our beloved host, Joe Hall, and insightful expert Sam Bourgi, unfortunately, could not make it, but don\u2019t worry because Marcel Pechman is here to breakdown everything that is happening between\u00a0the United States Commodities Futures and Trading Commission, Binance and Changpeng \u201cCZ\u201d Zhao. Breaking: Binance and CZ sued by CFTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11173"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11173\/revisions"}],"predecessor-version":[{"id":11175,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11173\/revisions\/11175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11174"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}