Bitcoin and other Cryptos Reel in Binance reports are under investigation

Bitcoin and other Cryptos Reel in Binance reports are under investigation

(COIN), the largest publicly traded crypto-exchange, closed down 6.5% to $265.10. Coinbase Global Grayscale Bitcoin Trust

Tesla The news is sending another shock wave through the crypto market. Prices for Bitcoin (BTC) and other cryptos were already reeling from a tweet by

(ticker: TSLA) CEO
Elon Musk,
who said that Tesla will no longer accept payments for its cars in Bitcoin. The world’s largest cryptocurrency exchange, Binance Holdings, is under investigation by federal authorities for money laundering and tax evasion, according to a report in Bloomberg. 

Bitwise Crypto Industry Innovators exchange-traded fund (BITQ) ended the day down 7.5% to $21.49. (RIOT) was off 16%. And the newly launched

Riot Blockchain (GBTC) was off 11.4% to $37.18.

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