RATE Group | Binance Fake News Is The Reason For Yesterday’s Bitcoin Price Crash To $6700
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Binance Fake News Is The Reason For Yesterday’s Bitcoin Price Crash To $6700

23 Nov Binance Fake News Is The Reason For Yesterday’s Bitcoin Price Crash To $6700

Posted at 14:07h in Bitcoin News by

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News broke out two days ago that Binance’s Shanghai office has been raided by local police and has shut down consequently. The CEO of the cryptocurrency exchange, Changpeng Zhao, has since refuted the claims, while also saying that it’s FUD of the kind that damaged Bitcoin’s price in the past couple of days.

Binance To Sue The Block Media Outlet

Cryptocurrency news media The Block reported on November 21st that the Shanghai office of Binance has shut down because it has been clamped down by authorities. Reportedly, there have been between 50 and 100 employees as well as executives.

Changpeng Zhao, the CEO of Binance, has since refuted those claims, saying that there was “no police, no raid, no office.”

This quickly caused a storm within the cryptocurrency community, and it became one of the most widely-discussed topics over the…

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