US Department of Justice Investigates Binance Ties with Russian Banks

On Wednesday, Bitcoin experienced a significant increase of almost 3% as the US stock market soared.

US authorities are targeting Binance once more.

The names of the cards "Sberbank" and "Tinkoff" were changed by the exchange to "yellow" and "green".

A phishing link in Google search results caused an investor to lose $900,000 worth of cryptocurrency.

Significant growth has been seen in the amount of money flowing into European crypto funds.

The 7-day moving average of the network hashrate for the first cryptocurrency has reached a historical maximum of 414 EH/s, following a 6.17% increase in mining difficulty which is now at 55.6 T, according to Glassnode.

Bluntz, a Twitter analyst, has predicted a bearish trend for Bitcoin in 2018 and believes that the total crypto market capitalization will drop by 15% before beginning a new period of growth. According to him, this will be the last good chance to purchase Bitcoin in the upcoming years.

Fred Thiel, CEO of mining company Marathon Digital, believes that the U.S. Securities and Exchange Commission (SEC) has a greater than 50% chance of approving a spot bitcoin ETF.

An investigation by the US Department of Justice has been launched into the Binance crypto exchange for potential breaches of US sanctions against Russia. This is due to the suspicion that Binance is allowing Russian customers to conduct transactions with at least five Russian banks that are subject to sanctions.

Following this, Binance changed the names of Sberbank and Tinkoff bank cards on the p2p platform to "yellow" and "green", respectively.

The Financial Times reported that after BlackRock applied for a bitcoin ETF, the influx of funds to European crypto funds saw a significant rise. In June alone, investments rose by 150 million euros.

A new report from the Bank for International Settlements (BIS) has concluded that cryptocurrencies pose a heightened risk to emerging economies and are not particularly attractive. This risk is expected to become even more pronounced as cryptoassets become more commonplace and their connections to the traditional financial system become stronger.

Scam Sniffer reported that an anonymous investor was scammed out of $900,000 worth of cryptocurrency after clicking on a phishing link that was found in the Google search results.