Crypto Update | Crypto Prices Shrug Off Binance and Kraken News, Signaling a More Mature Market

CoinDesk
CoinDesk

21 Nov 2023 3:55 PM

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores Binance, Kraken, U.S. recessions and more....

  • The SEC has accused Kraken of operating an unregistered platform and improperly mixing customer funds.
  • Binance is reportedly in talks to pay over $4 billion to end a U.S. criminal case, but its CEO CZ could still face charges.
  • CME Group is sponsoring the episode, highlighting their cryptocurrency futures and options that provide liquidity for bitcoin and ether trading.
  • PayPal introduces PYUSD, a stablecoin backed by U.S. dollar deposits, U.S. Treasuries, and similar cash equivalents.

The article contains both positive and negative information. The positive aspects include the introduction of PYUSD stablecoin by PayPal and the liquidity provided by CME Group's cryptocurrency futures and options. However, the negative aspects involve the SEC accusing Kraken of operating illegally and Binance facing a U.S. criminal case.

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You May Ask

What are the accusations against Kraken made by the SEC?How much is Binance reportedly in talks to pay to end the U.S. criminal case?Who could still face charges despite Binance's potential settlement?What does CME Group offer in terms of cryptocurrency trading?What is PYUSD and what is it backed by?

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