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Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea
24.11.2023
In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from both the United States and South Korea, with...
Terra Founder Do Kwon’s Extradition Approved by Montenegrin Court – Here’s the Latest
24.11.2023
Image Source: Reuters A court in Montenegro’s capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. According to a recent update on the judiciary’s website, the final decision on the country of extradition will...
Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan
24.11.2023
The settlement will significantly reduce the potential systemic risk emanating from a hypothetical collapse of the crypto exchange, the report said
How Analysts Think Binance’s $4.3B Settlement Will Help Crypto Grow
24.11.2023
While the recent settlement between Binance, its former CEO Changpeng Zhao, and the U.S. Department of Justice (DOJ) has shocked the entire crypto industry due to the supposed money laundering and terrorism-related financial implications it has, many analysts and execs believe this is ultimately...
US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns
24.11.2023
In the wake of the settlement between the U.S. Department of Justice and Binance, the world’s largest crypto exchange, federal authorities are insisting that the exchange’s former CEO, Changpeng Zhao (CZ), remain stateside until his sentencing in February 2024. Justice Department Seeks...
Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto
24.11.2023
Source: evgris/Adobe Moscow will give Russian bailiffs more new powers to seize digital rubles and cryptoassets in bankruptcy cases. Per Comnews, the plan is the brainchild of the Ministry of Justice and the Russian Federal Bailiff Service (FSSP). The ministry wants to give bailiffs a range of...
XRP Price Prediction as Key Resistance Appears at $0.70 – Is a Bullish Breakout Possible?
23.11.2023
The XRP price has risen by 3% in the past 24 hours, reaching $0.612927 as the cryptocurrency market recovers by 2% today. This jump follows a couple of difficult days for the market, which responded negatively to the news that Binance had settled charges with the US Department of Justice for $4.3...
Kraken co-founder hails ‘more fair’ playing field as DOJ fines Binance
23.11.2023
Jesse Powell sees CZ’s and Binance’s legal proceedings as a positive change, as “going after the most egregious offenders offshore would require effort.”
Binance Wallets Move Approximately $4 Billion in Stablecoin Ahead of DOJ Settlement
23.11.2023
Source: Unsplash Binance wallets have moved $3.9 billion worth of Tether (USDT) in a recent transaction amid the exchange’s pending $4.3 billion penalty that it agreed to pay to the Department of Justice. On-chain data shows that the majority of the funds were transferred from one Binance...
US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams
23.11.2023
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims’ crypto deposits through numerous...
CZ an ‘unacceptable risk of flight,’ should stay in US: DOJ
23.11.2023
U.S. prosecutors are pushing for CZ to stay in the country, saying they “would not be able to secure his return” if he’s allowed back to Dubai
US Prosecutors Move to Block Former Binance CEO CZ’s Return to UAE Until Sentencing
23.11.2023
Source: Youtube/Entrepreneur ME Prosecutors are pressing a federal judge to prevent former Binance CEO Changpeng Zhao from leaving the United States before his scheduled sentencing hearing on February 23, 2024. This move comes after the $4.3 billion settlement reached by Binance with the U.S....
Is Binance’s $4B settlement the green light for spot Bitcoin ETFs?
23.11.2023
One crypto executive predicted five months ago that spot Bitcoin ETFs would only be approved after Binance lost ground on its market dominance
US Lawmaker Urges Congress to Focus on Attracting Crypto Opportunities to Bolster National Security
23.11.2023
A U.S. lawmaker has called on Congress to focus its efforts on bringing more crypto activity and opportunities to the United States in order to “bolster U.S. national security.” Citing the Department of Justice’s action against crypto exchange Binance, the lawmaker stressed that Congress does...
Top Crypto Gainers Today on DEXTools – PEPEPE, CZ, SNAPCAT
22.11.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies are pumping on Wednesday amid a market-wide relief rally as traders digest recent news relating to Binance, the world’s largest cryptocurrency exchange. News broke on Tuesday that Binance had reached deals with the US Department...
Binance Sees $1.7 Billion in Withdrawals Post DOJ Settlement, Nansen Reports Decline in Crypto Reserves
22.11.2023
Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial...
No ‘mass exodus of funds’ following Binance-DOJ settlement — Nansen
22.11.2023
Roughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings increased to more than $65 billion
Binance Settlements Could End Death-Spiral Fears – And Might Be Good News
22.11.2023
The crypto exchange Binance's expensive deal with U.S. prosecutors this week bears harsh consequences, but could mean a positive outlook for the company in the long term
Coinbase Seeks US Court’s Assistance to Compel SEC on Crypto Rule-Making
22.11.2023
Source: AdobeStock Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets. According to the centralized digital asset trading firm,...
Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement
22.11.2023
On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s...