Binance Accused of Collaborating with Russia, Crypto Assets Bright, Bitcoin et al Advance This Morning All

JAKARTAKOMPAS.com – The crypto asset market looks bright this morning, Saturday (19/3/2022), after experiencing weakness yesterday. Reported from Coinmarketcap this morning the 10 largest market cap crypto assets moved in the green in the last 24 hours.

The value of the most shining crypto currency this morning, namely Ethereum (ETH) which shot up 6.3 percent at the level of 2,958 US dollars, followed by Solana (SOL) at the level of 90.7 US dollars, up 4.6 percent. Then, Cardano (ADA) rose 3.8 percent at the level of 0.8 US dollars.

Also read: Do Crypto Assets Need to be Reported in the Voluntary Disclosure Program?

Bitcoin (BTC) this morning moved positively at 41,801 US dollars, up 3.17 percent. Terra (LUNA) also strengthened 3.14 percent at the level of 88.6 US dollars. Meanwhile, coin with the dog logo Dogecoin (DOGE) settled at the level of 0.11 US dollars or strengthened 3.13 percent.

Binance Exchange rose 2.8 percent to 398.67 US dollars, meanwhile, Polkadot (DOT) was at 19.09 US dollars or rose 2.6 percent.

Also read: President of Ukraine Signs Crypto Law, Bitcoin et al. Thin Correction This Morning

This morning, Tether (USDT) rose 0.001 percent at the position of 1 US dollar, as well as USD Coin (USDC) fell at the level of 0.9 US dollar or weakened 0.001 percent.

For information, USDT and USDC are crypto currencies of the stable coin class or types of cryptocurrencies created to offer stable prices against the US dollar.

Also read: Listen, These are Safe Crypto Asset Investment Tips

Binance accused of collaborating with Russia

Quoted from Coindeskfounder of Ukrainian crypto exchange KUNA Michael Chobanian claims crypto firm Binance is cooperating with the Russian government despite the global sanctions that have been going on for some time.

Chobanian said, Binance CEO Changpeng Zhao must decide where Binance is currently standing, especially in relation to Russia after its invasion of Ukraine at the end of February 2022.

“The problem with Binance, they showed cooperation with the Russian government before the war, and as far as I know, they still continue to cooperate with the Russian government,” Chobanian said.

Bantahan Binance

Large-cap company, Binance previously revealed, it has no plans to unilaterally ban users from Russia. But will only take action against them – those who are penalized.

“We choose not to comment on false accusations. Our focus is on helping people,” said Binance spokeswoman Jessica Jung.

Binance previously announced a $10 million donation, in conjunction with the launch of the site crowdfunding the so-called Emergency Assistance Fund of Ukraine. Although Chobanian does not clearly demonstrate the cooperation between Binance and Russia, the Russian market has long been a fairly important market for Binance.

“They say they have donated 10 million US dollars to the Ukrainian government. Well, I haven’t seen that 10 million dollars. No one knows where it went,” he said.

In 2019, Zhao named Russia as their main market, and they will always look for partners in any community, especially in Russia.

In a recent interview with BloombergZhao said financial sanctions are not a particular problem for crypto, and blocking all Russians from crypto transactions is unethical.

Disclaimer: This article is not meant to buy or sell cryptocurrencies. Kompas.com is not responsible for any resulting profits or losses. Investment decisions are in the hands of investors. Study carefully before buying/selling cryptocurrencies.

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