Investor demands compensation of $ 40 million from Binance, and a US senator supports bitcoin
Investor demands compensation from Binance
A European investor, whose name is unknown, has initiated proceedings against the Binance crypto exchange. The plaintiff seeks compensation in excess of $140 million due to the “unfair liquidation of funds by the exchange in November 2020.”
The media report that the claim concerns an automated system for the liquidation of the crypto platform. The company allegedly forced the investor to sell a significant amount of crypto assets to his own detriment, while the company allowed a conflict of interest.
More than 45 international companies have received this notification. According to the subject of the lawsuit, they are all related to Binance.
US Senator supports bitcoin
US Senator Rand Paul believes that the BTC is more attractive as an international reserve currency than the US dollar.
“The government currencies are extremely unreliable. I’ve started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in the government,” said Rand Paul.
Paul is a politician who has a positive attitude towards digital currencies. About 5 years ago, he accepted donations in BTC to fund his campaign.
Analyst: Until the end of 2021, we can expect the growth of altcoins and the DeFi sector
Analyst Nicholas Merten believes the altcoin industry will see significant growth. In his Youtube video, the blogger noted that against the background of the first crypto coin reaching another historic high after the launch of the ETF, the altcoin market made an unexpected leap, which is a sign of its significant potential.
“I still think we will see the altcoin market hitting new all-time highs. Many of the altcoins, such as ether, are already aiming for previous highs, following the example of bitcoin, “the blogger wrote.
According to Merten, altcoins “will soon start outperforming BTC in terms of growth rate.” The expert believes that you need to follow the rule “buy the rumor, sell the fact”.
