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Binance's DOJ settlement offered some glimmers of hope for the crypto industry
22.11.2023
Changpeng Zhao is out at Binance, but his company lives on. That suggests tacit affirmation from the Biden administration of the crypto industry's legitimacy
Degens Ride the Wave: Massive Surge in ‘CZ’ Token Amid Binance CEO’s Resignation
22.11.2023
Source: Adobe / MysteryShot Risk-loving crypto traders, often referred to as “degens,” are capitalizing on the recent announcement of Binance CEO Changpeng Zhao’s (CZ) resignation and guilty plea by scooping up a newly launched token called “CZ.” Despite...
Today in Crypto: Binance Saw ‘Significant’ Outflows Since CZ Announcement, KuCoin Launches KuCard, 10101.art Reveals Sale of Banksy’s Turf War
22.11.2023
Source: 10101_art / Twitter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Exchange news According to the blockchain data analytics platform Nansen‘s analysis of Binance’s netflows, Binance...
Crypto Isn’t Going Anywhere: Industry Leaders Optimistic Despite Binance Crackdown
22.11.2023
Source: Adobe / XaMaps Following Binance’s massive $4.3 billion fine and founder and CEO Changpeng “CZ” Zhao’s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it’s likely to come out even...
Bernstein Report: Binance Will Remain the Top Global Crypto Exchange Despite DOJ Settlement
22.11.2023
Source: Adobe Binance, the world’s largest crypto exchange, is expected to maintain its position as the dominant global exchange, even after reaching a settlement with the U.S. Department of Justice (DOJ). According to a research report by broker Bernstein, Binance experienced minor outflows...
Binance, CZ settlement with US DOJ 'bullish for Bitcoin ETF,' crypto community says
22.11.2023
Many on Twitter compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, whose then-CEO was also forced to step down
CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’
22.11.2023
Former Binance CEO CZ sent a letter to employees after he stepped down, assuring employees the company would be fine, and quoting a famous Star Trek line as he closed
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...
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...
Bitcoin and BNB Recovery as Binance Plea Seen Boosting Spot ETF Odds
22.11.2023
Some observers believe Binance's downfall has boosted the spot-ETF approval odds
Is Binance Big Enough to Survive a $4.3B Fine and Founder CZ’s Ousting?
22.11.2023
Binance's Busy Day, Kraken's Second SEC Fight
22.11.2023
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from...
Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February
22.11.2023
Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond
Binance settles with U.S. government: Timeline of US enforcement actions
22.11.2023
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange
DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as Part of Plea Deal
21.11.2023
The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world’s largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development...
US officials announce $4.3B settlement with Binance, plea deal with CZ
21.11.2023
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance "lacked basic safeguards" to protect against sanctions and Changpeng Zhao committed criminal acts
Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure
21.11.2023
The house that CZ built will now be helmed by its Head of Regional Markets as the U.S. Department of Justice has barred the former CEO from his position
Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...
Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says
21.11.2023