BNB Receives $1B Lawsuit, BTC Rally May Go On and Signuptoken.com Gains Speed

The scandals in the crypto industry over the years have brought much scrutiny. In recent months, one such scandal has been the SEC vs. Ripple case. The Securities and Exchange Commission (SEC) is fighting to be the regulator of the token after Ripple sold over a billion dollars worth of XRP without being registered with the authority. 

Binance and influencers associated with the brand have come under fire after being named in a class action lawsuit for unlawfully selling crypto and disregarding trading regulations. Bitcoin is looking good for a rally toward its $30,000 mark and Signuptoken.com is steadily growing, having surpassed 3000 subscribers. 

Binance and Influencers - The $1 Billion Lawsuit

Binance has been served with two lawsuits one week apart from each other. The first for ignoring trading rules and the latest for unlawfully selling cryptocurrency. 

Binance was first slapped with a heavy lawsuit filed by the Commodities Futures and Trading Commission (CFTC) after reporting that the company had breached eight provisions in the Commodity Exchange Act and requested its activities to be banned in the US. 

Some of the allegations include Binance pushing its users to use VPN in the US to trade; the company not complying with regulations; providing forged anti-money laundering reports; facilitating criminal activity on the site and refusing to disclose where the headquarters of the exchange is. 

The second lawsuit filed by Moskowitz Law Firm and Bois Schiller Flexner involved Binance and personalities like NBA’s Jimmy Butler, and content creators Ben Armstrong and Graham Stephan. 

The argument surrounding the case is that the influencers, in partnership with Binance, unlawfully promoted the sale of tokens to clients who, afterward, all claimed to lose money. 

The $1 billion lawsuit comes as a result of the detrimental effect this illegal promotion and touting had on those affected, which the plaintiff believes could be in the millions. 

Bitcoin’s Bull Run Likely to Continue 

After being greatly affected by the prolonged bear market of the crypto winter, it seems as if Bitcoin may once again reach its former highs. The coin is showing steady signs of recovery in recent weeks, partly due to the banking crisis, but also because investors are beginning to pour their money back into the market. 

The coin has drastically fluctuated between the end of last year and until just before the banking crash, averaging between $18,000 and $22,000. However, Bitcoin gained momentum practically overnight and broke many of its previously predicted highs, reaching $28,000. 

The coin is still steadily growing and many predict that it will continue to escalate past its 
$30,000 threshold in April. Crypto analysts believe, based on previous behavior, that the coin could likely reach its $60,000 value once again, and some even speculate that if the coin continues on this trajectory, it may reach $100,000 before the year ends. 

Signuptoken.com Surpasses 3000 Subscribers

Signuptoken.com is a rapidly growing token that aims to create a pool of wealth and a community of millionaires. The token offers a unique USP - no presale - as users simply need to sign up with their email addresses. 

Not only does the platform present investors with a pain-free way to invest, but it also provides them peace of mind about the security of their investment because the platform is not affected by the uncertainty of the normal crypto market. 

It achieves this through its community focus and pulling its value from its network. The platform has also gathered 3000 subscribers for its one million subscriber goal. Those who subscribe now will have exclusive access to the token upon launch and will join the platform’s tribe of 1 million millionaires. 

Use this opportunity to join the exclusive millionaires club by simply registering with your email. Sign up now and be among the first to get notified when Signuptoken.com goes live.

Final Thought

The current lawsuits and scrutiny associated with many major cryptocurrency players put a damper on investment and investors' trust in the system. 

However, this event should not deter investors from investing in currencies because over time these events will sift out the illegitimate currencies and make way for the industry to become mainstream as investors put their trust into reliable currencies. 

For More Info on Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken