PDAXScope: BTC slips, ETH eyes breakout, PH firm sanctioned

BTC, ETH News: Bitcoin Price Slides Below $106K as Analyst Predict Ethereum Breakout (CoinDesk)

Bitcoin (BTC) slipped below $106K as traders took profits after its recent surge, as reported by CoinDesk. Meanwhile, analysts see signs that Ethereum (ETH) may be ready for a breakout. Market watchers expect ETH to gain momentum even as BTC cools.

US SEC dismisses lawsuit against Binance crypto exchange (FXStreet)

The U.S. SEC has voluntarily dropped its lawsuit against Binance, as reported by FXStreet. There was no settlement reached, however, the dismissal marks a major legal win for the crypto exchange. It also signals a possible shift in how U.S. regulators approach crypto cases.

US sanctions Philippines digital infrastructure provider linked to virtual currency scams (Reuters)

The United States Department of the Treasury’s Office of Foreign Assets Control has sanctioned a Philippine digital infrastructure firm for allegedly helping move illicit funds via virtual currency, as reported by Reuters. The Philippine-based firm led by Chinese national Liu Lizhil is accused of enabling illegal fund transfers using crypto. The scams reportedly involve bogus websites to swindle victims.

-

-

-

-

-

Disclaimer: PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems.  Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. PDAX does not endorse or approve any cryptocurrency, and assumes no responsibility for, the content, accuracy or completeness of the same.

For inquiries or complaints, please contact us through the following channels:

Chatbot: https://pdax.ph or https://web.pdax.ph/ (click webchat feature);

‘Customer Support’ webpage at https://support.pdax.ph;

Email: support@pdax.ph.

Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange  (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087;  Trunk Line: (02) 8708 7701 loc. 2584; or SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.