{"id":545595,"date":"2023-08-03T08:30:41","date_gmt":"2023-08-03T08:30:41","guid":{"rendered":"https:\/\/wncen.com\/?p=545595"},"modified":"2023-08-03T07:30:58","modified_gmt":"2023-08-03T07:30:58","slug":"doj-action-binance-hidden-blessing-bitcoin-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/","title":{"rendered":"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?"},"content":{"rendered":"

The looming prospect of a U.S. Department of Justice (DOJ) action against Binance, the largest crypto exchange, may hold a silver lining for Bitcoin and the broader markets. Even if this sounds crazy at first, there are good arguments for it.<\/p>\n

Rumors have been swirling for weeks about a potential DOJ action against Binance, a threat that has cast a long shadow over the markets, leading to increased volatility and uncertainty among investors. Yesterday\u2019s report<\/a> by Semafor has rekindled the rumor, but also gave it a new perspective, hinting that these developments may be a blessing in disguise for Bitcoin and crypto markets.<\/p>\n

According to the Semafor report, the DOJ is contemplating fraud charges against Binance but is also weighing the potential repercussions to consumers and the crypto market at large. Citing sources familiar with the matter, the report suggests that federal prosecutors are concerned that an indictment could trigger a “bank run” similar to the calamitous fate that befell the now-bankrupt FTX platform.<\/p>\n

Related Reading: Binance To Enter Japan With A Bang, Will List More Tokens Than Any Local Exchange<\/a><\/div>\n

This fear arises from the concern that a potential indictment could lead to a rapid withdrawal of funds, causing consumers to lose their money and potentially trigger a wider panic in the Bitcoin and crypto markets. To circumvent such a catastrophe, the prosecutors are exploring other options like levying fines or establishing deferred or non-prosecution agreements.<\/p>\n

What Does This Mean For Bitcoin And Crypto Markets?<\/h2>\n

Interestingly, some crypto market analysts and commentators view this ongoing saga as a potential boon. Macro analyst Alex Kruger, in a recent Twitter post, speculated<\/a>, “Too Big to Jail? Call me crazy but this seems bullish if true.” This statement captures the sentiment that if Binance is considered too important to be hit with crippling charges, the DOJ could explore less harmful alternatives.<\/p>\n

A similar view is held by renowned analyst Pentoshi, who said<\/a>, “It doesn\u2019t mean they won\u2019t drop the hammer either. I think calling it \u201cbullish\u201d is a bit extreme since they are considering dropping the hammer. And if not billions in fines and CZ likely gone. But I def don\u2019t think it\u2019d as bearish as headlines first said at all. Bullish would be no DoJ involvement.”<\/p>\n

Related Reading: Binance Coin (BNB) Price Gears Up For A 10% Upswing \u2013 Here\u2019s How<\/a><\/div>\n

The prospect of the DOJ acting against Binance could also provide a much-needed clarity to the market. If Binance were indeed vulnerable to a bank run, it would quickly become apparent whether the exchange holds sufficient reserves.<\/p>\n

However, so far, Binance has impressively weathered previous “stress tests”, as highlighted by CEO “CZ” in a Twitter post in mid-December last year after the Mazars audit rumors<\/a>, stating, “We saw some withdrawals today (net $1.14b ish). We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us.”<\/p>\n

This sentiment is echoed by CryptoQuant CEO Ki Young-Ju who shared data supporting the strength of Binance’s user balances despite constant rumors of insolvency. He stated<\/a>:<\/p>\n

I’ve heard about the ‘bank run\/insolvency risk on Binance’ a hundred times for years, but their user balances always tell a different story.<\/strong><\/p><\/blockquote>\n

\"Binance
Binance reserves | Source: Twitter @ki_young_ju<\/figcaption><\/figure>\n

At press time, the BNB price stood at $239.5.<\/p>\n

\"Binance
BNB price continues sideways, 1-day chart | Source BNBUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from CCN, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The looming prospect of a U.S. Department of Justice (DOJ) action against Binance, the largest crypto exchange, may hold a silver lining for Bitcoin and the broader markets. Even if this sounds crazy at first, there are good arguments for it. Rumors have been swirling for weeks about a potential DOJ action against Binance, a threat that has cast a long shadow over the markets, leading to increased volatility and uncertainty among investors. Yesterday\u2019s report by Semafor has rekindled the rumor, but also gave it a new perspective, hinting that these developments may be a blessing in disguise for Bitcoin and crypto markets. According to the Semafor report, the DOJ is contemplating fraud charges against Binance but is also weighing the potential repercussions to consumers and the crypto market at large. Citing sources familiar with the matter, the report suggests that federal prosecutors are concerned that an indictment could trigger a “bank run” similar to the calamitous fate that befell the now-bankrupt FTX platform. Related Reading: Binance To Enter Japan With A Bang, Will List More Tokens Than Any Local Exchange This fear arises from the concern that a potential indictment could lead to a rapid withdrawal of funds, causing consumers to lose their money and potentially trigger a wider panic in the Bitcoin and crypto markets. To circumvent such a catastrophe, the prosecutors are exploring other options like levying fines or establishing deferred or non-prosecution agreements. What Does This Mean For Bitcoin And Crypto Markets? Interestingly, some crypto market analysts and commentators view this ongoing saga as a potential boon. Macro analyst Alex Kruger, in a recent Twitter post, speculated, “Too Big to Jail? Call me crazy but this seems bullish if true.” This statement captures the sentiment that if Binance is considered too important to be hit with crippling charges, the DOJ could explore less harmful alternatives. A similar view is held by renowned analyst Pentoshi, who said, “It doesn\u2019t mean they won\u2019t drop the hammer either. I think calling it \u201cbullish\u201d is a bit extreme since they are considering dropping the hammer. And if not billions in fines and CZ likely gone. But I def don\u2019t think it\u2019d as bearish as headlines first said at all. Bullish would be no DoJ involvement.” Related Reading: Binance Coin (BNB) Price Gears Up For A 10% Upswing \u2013 Here\u2019s How The prospect of the DOJ acting against Binance could also provide a much-needed clarity to the market. If Binance were indeed vulnerable to a bank run, it would quickly become apparent whether the exchange holds sufficient reserves. However, so far, Binance has impressively weathered previous “stress tests”, as highlighted by CEO “CZ” in a Twitter post in mid-December last year after the Mazars audit rumors, stating, “We saw some withdrawals today (net $1.14b ish). We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us.” This sentiment is echoed by CryptoQuant CEO Ki Young-Ju who shared data supporting the strength of Binance’s user balances despite constant rumors of insolvency. He stated: I’ve heard about the ‘bank run\/insolvency risk on Binance’ a hundred times for years, but their user balances always tell a different story. At press time, the BNB price stood at $239.5. Featured image from CCN, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":545599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,428,1119,6664,15845,7106],"class_list":["post-545595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-bitcoin","tag-btc","tag-crypto","tag-cz","tag-doj"],"acf":[],"yoast_head":"\nDOJ Action Vs. Binance: A Blessing For Bitcoin, Crypto Markets?<\/title>\n<meta name=\"description\" content=\"The looming prospect of a DOJ action against Binance may hold a silver lining for Bitcoin and the broader crypto markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DOJ Action Vs. Binance: A Blessing For Bitcoin, Crypto Markets?\" \/>\n<meta property=\"og:description\" content=\"The looming prospect of a DOJ action against Binance may hold a silver lining for Bitcoin and the broader crypto markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T08:30:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-03T07:30:58+00:00\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?\",\"datePublished\":\"2023-08-03T08:30:41+00:00\",\"dateModified\":\"2023-08-03T07:30:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\"},\"wordCount\":603,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280\",\"keywords\":[\"Binance\",\"bitcoin\",\"btc\",\"crypto\",\"CZ\",\"doj\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\",\"url\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\",\"name\":\"DOJ Action Vs. Binance: A Blessing For Bitcoin, Crypto Markets?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280\",\"datePublished\":\"2023-08-03T08:30:41+00:00\",\"dateModified\":\"2023-08-03T07:30:58+00:00\",\"description\":\"The looming prospect of a DOJ action against Binance may hold a silver lining for Bitcoin and the broader crypto markets.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280\",\"width\":1920,\"height\":1280,\"caption\":\"Binance DOJ\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"DOJ Action Vs. Binance: A Blessing For Bitcoin, Crypto Markets?","description":"The looming prospect of a DOJ action against Binance may hold a silver lining for Bitcoin and the broader crypto markets.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/","og_locale":"en_US","og_type":"article","og_title":"DOJ Action Vs. Binance: A Blessing For Bitcoin, Crypto Markets?","og_description":"The looming prospect of a DOJ action against Binance may hold a silver lining for Bitcoin and the broader crypto markets.","og_url":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-08-03T08:30:41+00:00","article_modified_time":"2023-08-03T07:30:58+00:00","author":"Jake Simmons","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?","datePublished":"2023-08-03T08:30:41+00:00","dateModified":"2023-08-03T07:30:58+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/"},"wordCount":603,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280","keywords":["Binance","bitcoin","btc","crypto","CZ","doj"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/","url":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/","name":"DOJ Action Vs. Binance: A Blessing For Bitcoin, Crypto Markets?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280","datePublished":"2023-08-03T08:30:41+00:00","dateModified":"2023-08-03T07:30:58+00:00","description":"The looming prospect of a DOJ action against Binance may hold a silver lining for Bitcoin and the broader crypto markets.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280","width":1920,"height":1280,"caption":"Binance DOJ"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?","url":"http:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/doj-action-binance-hidden-blessing-bitcoin-crypto\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","bitcoin","btc","crypto","cz","doj"],"dateCreated":"2023-08-03T08:30:41Z","datePublished":"2023-08-03T08:30:41Z","dateModified":"2023-08-03T08:30:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"DOJ Action Against Binance: A Hidden Blessing For Bitcoin And Crypto Markets?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/doj-action-binance-hidden-blessing-bitcoin-crypto\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/doj-action-binance-hidden-blessing-bitcoin-crypto\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"bitcoin\",\"btc\",\"crypto\",\"cz\",\"doj\"],\"dateCreated\":\"2023-08-03T08:30:41Z\",\"datePublished\":\"2023-08-03T08:30:41Z\",\"dateModified\":\"2023-08-03T08:30:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/will-doj-charge-binance-chief-changpeng-zhao-with-fraud-other-offences.png?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545595"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=545595"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/545599"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=545595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=545595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=545595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}