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11 months, 2 weeks ago
Binance CEO Resigns and Delists Major Coins in Response to SEC Settlement
Binance, the world’s largest cryptocurrency exchange, is taking significant steps in response to a groundbreaking settlement with the US Securities and Exchange Commission (SEC). The exchange has announced the d…
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11 months, 2 weeks agoGenesis Global Capital Files Lawsuit Against Gemini for $689 Million in Privileged Payments
Cryptocurrency lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini in an attempt to recover $689 million in privileged payments. According to court documents, Gemini allegedly…
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11 months, 2 weeks agoMt. Gox Creditors Receive Email Hinting at Repayments Starting in 2023
Creditors of the defunct Bitcoin exchange, Mt. Gox, have received an email indicating that repayments may soon be on the way. The trustee overseeing the exchange’s estate, Nobuaki Kobayashi, has started sending o…
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11 months, 2 weeks agoFormer Binance CEO CZ Steps Down After Guilty Plea, Announces Successor
The former CEO of Binance, Changpeng “CZ” Zhao, has resigned from his position after pleading guilty to violating anti-money laundering laws. In a letter circulated on social media, CZ expressed his pride in his…
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11 months, 2 weeks agoBinance CEO Resigns and Company Settles $4.3 Billion Money Laundering Case
Binance, one of the largest cryptocurrency exchanges, and its CEO, Changpeng Zhao, have admitted to money laundering violations. This has resulted in a significant legal settlement of $4.3 billion and Zhao’s r…
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11 months, 2 weeks agoBinance Appoints Richard Teng as New CEO Amidst Regulatory Challenges
Binance, the world’s largest cryptocurrency exchange, has announced a leadership transition. Richard Teng has been named the new CEO, taking over from Changpeng Zhao, who stepped down as part of a settlement with t…
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11 months, 2 weeks agoBinance CEO Steps Down and Pays $4 Billion in Fines in Landmark Crypto Settlement
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have agreed to pay a record-breaking corporate penalty of over $4 billion as part of a settlement with the US government. This l…
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11 months, 2 weeks agoTether and OKX Freeze $225 Million in USDT to Combat International Romance Scam
Tether, in collaboration with OKX and the U.S. Department of Justice, has frozen $225 million in USDT tokens, marking the largest freeze of its kind. This action is part of an investigation into an international…
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11 months, 2 weeks agoGrayscale Bitcoin Trust Meets with SEC to Discuss Spot ETF Application
Grayscale Investments recently met with the US Securities and Exchange Commission (SEC) to discuss their bid for a spot Bitcoin exchange-traded fund (ETF). The SEC issued a memo revealing the meeting, which was…
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11 months, 2 weeks agoAirbnb Acquires Start-Up by Co-Founder of Siri for AI Advancements
Siemens Energy, a subsidiary of the German conglomerate Siemens, has secured a guarantee package of 15 billion euros from the German government and private banks. The package includes a 7.5 billion euro guarantee…
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11 months, 2 weeks agoSEC Chairman Gary Gensler Targets Kraken Exchange with Lawsuit
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), has filed a lawsuit against Kraken, one of the largest crypto exchanges. This move comes as no surprise, as Gensler has been known for…
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11 months, 2 weeks agoGrayscale Meets with SEC to Discuss Conversion of Bitcoin Trust to ETF
Executives from Grayscale, a crypto asset manager, recently met with the Securities and Exchange Commission (SEC) to discuss their plans to convert their flagship Bitcoin trust into a spot Bitcoin exchange-traded…
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11 months, 2 weeks agoBinance Founder CZ Pleads Guilty to Violating Bank Secrecy Act, Steps Down as CEO
Binance, the world’s largest cryptocurrency exchange, has undergone a significant leadership change. Changpeng “CZ” Zhao, the former CEO, has made the difficult decision to step down from his position. In a heart…
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11 months, 2 weeks agoNew Zealand Crypto Exchange Launches NZ Dollar-Pegged Stablecoin in Partnership with Labrys
A partnership between New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys has resulted in the launch of a New Zealand dollar-pegged stablecoin. The stablecoin, called NZDD, is…
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11 months, 2 weeks agoBinance Resolves DOJ Investigations with Hefty Fines and Compliance Commitments
Binance, one of the largest cryptocurrency exchanges, has recently announced its resolution of investigations by the U.S. Department of Justice (DOJ) and other agencies. The company admitted to past wrongdoing and…
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11 months, 2 weeks agoBinance CEO Resigns Amidst $4.3 Billion Fine and Criminal Charges
Binance’s CEO, Changpeng Zhao, is reportedly stepping down from his position as the crypto exchange faces a $4.3 billion fine and criminal charges from the U.S. government. The charges accuse Binance of violating a…
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11 months, 2 weeks agoBinance Founder CZ's Wealth Plummets as US Authorities Crack Down
Binance, one of the largest cryptocurrency exchanges, and its founder Changpeng Zhao, commonly known as CZ, have been facing a series of legal challenges in the United States. The government has filed indictments…
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11 months, 2 weeks agoFormer Binance CEO Pleads Guilty to Money Laundering, Resigns from Leadership Position
Former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges and has agreed to pay a $50 million fine. He also faces a potential 18-month prison sentence. As part of his plea deal, Zhao has…
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11 months, 2 weeks agoCoinbase CEO Commends Compliance Strategy Amidst Binance's Criminal Charges
Brian Armstrong, the CEO of Coinbase, has expressed his satisfaction with the decision made by his company to comply with U.S. money transmitter licensing laws. In contrast to rival exchange Binance, which is…
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11 months, 2 weeks agoBinance Appoints Richard Teng as New CEO Amidst Founder's Resignation and Plea Deal with DOJ
Binance, one of the largest cryptocurrency exchanges, has announced a change in leadership. Richard Teng, the head of regional markets outside of the U.S., has been appointed as the new CEO. This decision comes…
