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Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy
22.11.2023
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm
Africa-Focused Crypto Exchange Yellow Card Bags Africa’s ‘Disrupter of the Year’ Award
22.11.2023
Yellow Card, the Africa-focused crypto exchange, recently won the African financial industry’s 2023 “Disrupter of the Year” award. The crypto exchange’s CEO described the award as a recognition of Yellow Card’s role in “solving important, practical problems...
Kraken Exchange CEO Jesse Powell Slams SEC for ‘Assault on America’
22.11.2023
Jesse Powell. Source: a video screenshot, Bloomberg Technology / YouTube Jesse Powell, co-founder of crypto exchange Kraken, has called the US regulators masochists attacking America and extortionists chasing crypto companies out of the country. Powell came after the country’s regulators...
New Binance CEO Richard Teng pitches 'very strong' foundation to skeptics
22.11.2023
Teng’s tenure will focus on three aspects of the business as the CEO — reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said
Lightspark’s CEO David Marcus Recognizes Current Non-Custodial Lightning Network Solutions Imply ‘Some Form of Compromise’
22.11.2023
David Marcus, co-founder and CEO of Lightspark, an institutional Lightning Network (LN) payment solutions provider, referred to the state of custodial and non-custodial transactions on the network. While Marcus believes that custodial LN for institutions is ready for prime time, he acknowledged...
Binance Coin Price Prediction as Changpeng “CZ” Zhao Steps Down After DOJ Settlement – Will BNB Rally or Dump Now?
22.11.2023
The Binance Coin price has slumped by 8.5% in the past 24 hours, after Changpeng Zhao stepped down as Binance CEO and pleaded guilty to money laundering violations. Binance has processed around $1 billion in withdrawals since yesterday’s settlement with the Department of Justice, with...
Coinbase CEO Sees Binance Settlement as Chance for Industry Renewal
22.11.2023
Source: AdobeStock / photo_gonzo Coinbase CEO, Brian Armstrong says the Binance settlement is a chance for the industry to prioritize compliance and rule clarity to prevent regulators from slamming huge fines on companies. Armstrong wrote on X (Twitter) shortly after Binance’s settlement with...
New Binance CEO Says Exchange Has “Robust Revenues and Profits,” Hinting at Ability to Pay $4.3B Fines
22.11.2023
Image Source: Bloomberg New Binance CEO Richard Teng has hinted at the exchange’s ability to pay the $4.3 billion it has been fined by the US Justice Department. Teng, who was named CEO of Binance on Tuesday after Changpeng Zhao stepped down, said in a recent post on X (formerly Twitter)...
Binance Founder CZ Writes to Staff: I have to deal with some pain, but will survive
22.11.2023
Source: X / @cz_binance Binance founder and former CEO Changpeng Zhao issued an internal memo to Binance staff following his guilty plea to several charges, including money laundering. The cryptocurrency exchange giant has agreed to pay a $4.3 billion penalty as part of the legal resolution. In...
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Binance CEO Changpeng Zhao quits, names Richard Teng his successor
22.11.2023
Changpeng Zhao has stepped down from the position of Chief Executive Officer for Binance, a venture he founded in 2017. CZ announced this through an official post, calling it an emotional moment and something that is right to do at the moment. He has named Richard Teng as the next CEO of Binance...
Sam Altman’s Role at Worldcoin Remains Unchanged Despite OpenAI Controversy
22.11.2023
Source: OpenAI Sam Altman‘s role at Worldcoin is expected to remain unchanged despite the recent OpenAI controversy. Altman, who was ousted as CEO of OpenAI last week, is also a co-founder of the crypto company Worldcoin and currently serves as chairperson of its developer, Tools...
OpenAI to rehire Sam Altman as CEO with new initial board members
22.11.2023
OpenAI says it has reached an agreement in principle for Sam Altman to return as CEO, with a new board including Bret Taylor as chairman, Larry Summers, and Adam D'Angelo
Sam Altman to Return as OpenAI CEO Following In-Principle Agreement
22.11.2023
"I’m looking forward to returning to openai, and building on our strong partnership with msft (Microsoft)," Altman said in a post early Wednesday
Bitcoin Price Prediction: BTC Slips 3% Amid Binance CEO’s Exit & Hyperinflation Fears
22.11.2023
In the rapidly evolving world of cryptocurrency, Bitcoin’s market dynamics have taken a notable turn. On Wednesday, Bitcoin’s trading value experienced a 3% decline, dropping to $36,190. This downward shift in Bitcoin’s trajectory coincides with significant developments in...
Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty
22.11.2023
Source: AdobeStock / Iryna Budanova Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations. According to data from DeFi TVL aggregator...
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
22.11.2023
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...
Trial of Bithumb Operator’s CEO Begins
22.11.2023
Source: chones/Adobe The trial of Lee Sang-jun, the CEO of the crypto exchange Bithumb’s parent company, has begun in Seoul, South Korea. Lee (54), the CEO of Bithumb Holdings, is being tried alongside the former pro golfer and celebrity Ahn Seong-hyeon (42) on charges of “soliciting the listings”...
DOJ Holds Press Conference on Binance, “CZ” Announces New CEO
21.11.2023
Founder and former CEO of Binance, Changpeng Zhao, announced his replacement today as the Department of Justice held a press conference announcing significant cryptocurrency enforcement actions against his company. Binance makes a “complete exit” Zhao has pleaded guilty to “willfully...