Binance (BNB) has been at loggerheads with regulators for a few weeks now, and this week is no different. Even though regulators have not been happy with Binance (BNB), it is doing everything it can to make cryptocurrency mainstream. Its latest contribution includes enabling Shiba Inu (SHIB) payments in real-world settings like hotel bookings. The good news continues with the huge 2,000% returns delivered by TMS Network (TMSN). Here is what is making headlines in the world of crypto.
Binance (BNB) Facing a $1billion Lawsuit
Binance (BNB) is facing a class action lawsuit alleging that Binance (BNB) and its influencers have unlawfully promoted cryptocurrencies. This comes only a week after Binance (BNB) was sued by the US Securities and Exchange Commission (SEC) for not following trade rules. In the latest class action lawsuit, Binance (BNB) and the associated influencers are facing damages of $1 billion.
Bois Schiller Flexner and Moskowitz Law Firm have filed the lawsuit. The case was first brought to light by three complainants. They claimed that they lost money from trading on Binance (BNB) after it was touted by Binance (BNB) and influencers paid by Binance (BNB). They also noted that while only three of them have come forward, millions of crypto investors are affected by the unethical practices of Binance (BNB).
The plaintiffs have alleged that Binance (BNB) has been trading cryptocurrencies on its exchange as unregistered securities. On top of it, influencers sponsored by the exchange have been promoting Binance’s (BNB) cryptocurrencies on social media. These influencers include Jimmy Butler of Miami Heat fame, Ben Armstrong, Grahan Stephan, and Chanpeng Zhao, who is Binance’s (BNB) CEO.
In the market, Binance’s (BNB) price, which was already in the red, slumped again. On March 18, 2023, Binance (BNB) was trading at $345, which has now come down to $312.
Radisson Starts Accepting Shiba Inu (SHIB)
In a major win for cryptocurrencies, the multi-national hospitality brand Radisson has started accepting Shiba Inu (SHIB), Ethereum (ETH), and Bitcoin (BTC) as payments in its Georgia branch. Meme tokens like Shiba Inu (SHIB) are highly volatile, and a few recent developments around meme coins have kept coins like Shiba Inu (SHIB) buoyant. Besides the Radisson news, Elon Musk also recently changed the logo of Twitter to Dogecoin (DOGE).
The official announcement was made through the official Twitter handle of Binance. The tweet read as follows:
“Nothing like a week at the Radisson Hotel in Georgia, paid for fully with #Binance Pay!
Thanks to our partnership with @citypayio, users in Georgia can now spend crypto at over 600 merchants to purchase everyday goods and enjoy life’s luxuries.”
It is important to know that these payments are only available in Georgia. Earlier in February 2023, Binance partnered with Ingenico to kick off Shiba Inu (SHIB) payments in France.
TMS Network (TMSN) Gains 2000%
TMS Network (TMSN) is a decentralized platform that allows traders to trade in different types of assets, including cryptocurrencies, CFDs, forex, and equities. TMS Network (TMSN) allows users to enjoy the benefits of privacy, decentralization, and security while trading in multiple asset classes. Since TMS Network (TMSN) is a decentralized platform, users must not furnish any KYC details. They can also use AI trading, social trading, arbitrage trading signals, and educational resources. TMS Network (TMSN) is also compatible with MetaTrader software suites, so traditional traders will have no problem getting used to its interface.
The stage 2 presale of TMS Network (TMSN) has just been concluded. For the early investors of TMS Network (TMSN), the token has already delivered over 2,000% returns. The current price of TMS Network (TMSN) is $0.07, which is still affordable. Experts believe that TMS Network (TMSN) is just starting its bull run and will easily grow up to 5,000% after the platform’s launch.
Learn more about TMS Network here:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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