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CZ’s Lawyers Push Back Against Flight Risk Claims, File Opposing Motion


Defense attorneys for former Binance CEO, Changpeng Zhao, have legally pushed back against claims made by the government that he is a “flight risk” who should not be allowed to leave the country.  Zhao’s incentive to stay In a court filing from November 23rd, representatives for...

Tether and Bitfinex Drop Opposition to FOIL Request


Stablecoin issuer, Tether, and cryptocurrency exchange, Bitfinex, have decided to drop their opposition to a Freedom of Information Law (FOIL) request made earlier this year by various news outlets. “We have nothing to hide” “Our decision is rooted in our unwavering commitment to transparency...

Richard Teng Takes Charge as Binance CEO Following Changpeng Zhao’s Exit


After Changpeng Zhao’s exit, Richard Teng has stepped in as the new chief executive officer of Binance, the globe’s largest crypto exchange in terms of trading volume. On Tuesday, Teng made his introduction to the public through social media platform X, assuring that under...

Chinese Police Bust $140 Million Crypto Money Laundering Ring


Source: Pexels China’s law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering and crime operation involving 1 billion yuan, approximately $140 million. The arrests were made in provinces and cities such as Deyang in Sichuan, Changchun in Jilin...

Cathie Wood’s Ark Invest and 21Shares Amend Bitcoin Spot ETF Application


Image Source: iStock Cathie Wood’s Ark Invest has made a recent amendment to its spot Bitcoin exchange-traded fund (ETF) application in collaboration with 21Shares. The amended filing, dated November 20, offers insights into the proposed spot Bitcoin ETF, focusing on critical aspects such...

Worldcoin Price Rebounds as Sam Altman Stays as Developer’s Chairman


Source: OpenAI Worldcoin’s valuation has shown a robust recovery from a recent slump, with the price rallying as Sam Altman continues in his role as chairman of Tools for Humanity, the developer behind the cryptocurrency. Source: CoinMarketCap Worldcoin (WLD) has made a significant comeback, seeing...

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