Celsius Network, a bankrupt crypto lender, has announced its plans to transition into a Bitcoin mining-only company. This decision comes after the company’s bankruptcy court confirmed its plan. Celsius had been facing financial challenges and filed for a reimbursement plan to resolve its issues. The majority of its creditors voted in favor of this plan. […]
Changpeng Zhao, the CEO and founder of Binance, the world’s largest cryptocurrency exchange, is reportedly planning to step down from his role and plead guilty to violating US anti-money laundering laws. This comes as part of a deal with US authorities, where Zhao will appear in federal court in Seattle to enter his guilty plea. […]
Binance CEO Changpeng Zhao is reportedly stepping down from his position at the exchange after pleading guilty to violating U.S. anti-money laundering requirements. The Wall Street Journal has reported that Binance will also plead guilty to money laundering violations. The news caused the value of BNB, the token backed by Binance, to fluctuate dramatically, reaching […]
The United States Department of Justice has seized approximately $9 million worth of Tether USDT following the freezing of funds connected to a criminal organization involved in romance scams. The funds were allegedly part of Tether’s efforts to freeze $225 million worth of USDT in wallets associated with the scam. The romance scams involved individuals […]
Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange following a $4.3 billion settlement with the U.S. Department of Justice (DOJ). CZ is expected to plead guilty to multiple charges in a federal court in Seattle. While he will retain his majority stake in Binance, he will no […]
Binance CEO Changpeng Zhao (CZ) is reportedly considering stepping down as Chair of the world’s largest cryptocurrency exchange as part of a potential $4 billion settlement with the US Department of Justice (DOJ). The settlement would also involve the Commodities Futures Trading Commission (CFTC), while the Securities and Exchange Commission (SEC) would not be participating. […]
Abu Dhabi-based Bitcoin mining service provider, Phoenix Group, has successfully completed its initial public offering (IPO), raising approximately $370 million. The IPO, which sold 907 million shares, surpassed the firm’s initial expectations by raising 33 times the projected amount. The overwhelming demand from retail investors led to the IPO being oversubscribed by 180 times, with […]
The US Department of Justice is expected to announce a settlement deal with cryptocurrency exchange Binance today. The settlement comes after allegations of money laundering and sanctions violations. The press conference, to be held by US Attorney General Merrick Garland, will unveil separate cryptocurrency enforcement actions. It is reported that the settlement will include a […]
Tokyo-based digital payments firm PassPay has formed a strategic alliance with EOS Network Foundation (ENF) to explore the development of new financial products using blockchain technology. This partnership comes at a time when EOS Network is experiencing a resurgence, thanks to improvements in its EVM that have made it easier for DeFi developers to build […]
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced its closure. The company stated that it took careful consideration in making this decision and acknowledges the inconvenience it may cause its customers. Starting from December 4, trading on the platform will cease. In a recent statement, Bittrex Global informed users that those holding US […]
