Today has been a good day for Bitcoin price action, this if we take into account that in the last 24 hours the price showed a recovery of 2.1% and the most positive thing is that it recovered again the $26,000 level, behaviour that restores optimism to bullish traders.
However, while the positive scenario that has awakened the Bitcoin price rebound of 2.1%, there is news worthy of analysis in the current regulatory context that states are accelerating, and that in one way or another forces centralised exchange platforms to adopt measures similar to those taken by traditional economic and financial bodies.
When I say that centralised exchange platforms may adopt measures similar to those taken by traditional economic and financial bodies, I am referring to the high probability that exchange platforms such as Binance will freeze private wallet addresses in the BNB Chain.
The above is part of the media thread that has started, following the controversy over Binance's hesitation to freeze BNB wallets for a "rug pull" of USD 11 million, but only with the consensus of all its validators.
In this regard, and according to information disclosed by Tom Blackstone "Binance says it has frozen the funds, but then retracts. The funds remained at the address for nearly two years when Binance took sudden action to freeze the scammer's wallet, which had reached $10.8 million".
Situations like these continue to create negative scenarios for the health of the cryptocurrency market, or at least that's how I see it, I'd still like to know your appreciation on this.
SOURCES CONSULTED
Cointelegraph. Binance’s indecision to freeze BNB wallets drew controversy in this $11M rug pull. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cryptocompare
