Binance, one of the largest cryptocurrency exchanges, has announced its decision to delist the native token of Tornado Cash, called TORN. This move comes as the value of TORN has plummeted significantly. The delisting is scheduled to begin on December 7th, with trading being halted and deposits no longer being credited. Withdrawals will be disabled […]
Last week, the legal drama involving Binance, the world’s largest crypto exchange, and United States law enforcement came to a close with a plea deal. Binance and its former CEO, Changpeng “CZ” Zhao, admitted to violating U.S. Anti-Money Laundering laws and agreed to pay $4.3 billion in fines. As part of the deal, CZ resigned […]
Hong Kong’s Securities and Futures Commission (SFC) has taken action against a suspected fraudulent crypto asset trading platform called Hounax. The SFC flagged the company earlier this month, marking a significant step in the city’s efforts to combat crypto-related scams. The Hong Kong Police Force has initiated an investigation into the alleged scam, following reports […]
A one-year grace period for cryptocurrency exchanges in Hong Kong will continue despite recent scandals. Julia Leung, Hong Kong’s Under Secretary for Financial Services and the Treasury, stated that fraud will still occur even if the grace period ends, so there are no plans to modify the grace period or other measures at this time. […]
Leading crypto exchange OKX has expanded its operations into Brazil with the launch of a new crypto exchange and Web3 wallet. The move comes despite the challenging regulatory environment for cryptocurrencies in many countries. The new exchange aims to provide Brazilian users with a secure platform to buy and trade cryptocurrencies. A recent study commissioned […]
Changpeng Zhao, the founder and former CEO of Binance, is facing the possibility of a 10-year prison sentence and strict travel restrictions due to a violation of the Bank Secrecy Act. The U.S. Justice Department is challenging a court decision that allowed Zhao to stay in the UAE, citing concerns about his wealth and connections […]
Former Binance CEO Changpeng Zhao is facing the possibility of a 10-year prison sentence for violating the Bank Secrecy Act. Binance, the cryptocurrency exchange, has been implicated in a global criminal enterprise and has agreed to pay a record $4.3 billion fine. The Department of Justice (DOJ) is pushing for travel restrictions for Zhao until […]
Former Ethereum advisor Steven Nerayoff has announced his plans to launch a groundbreaking AI-driven web3 project. Nerayoff, who has turned into a critic of the Ethereum project and its co-founder Vitalik Buterin, has been vocal about his time working for the world’s second-largest cryptocurrency. He has accused Buterin of manipulating the network for personal gains […]
A recent court filing suggests that Changpeng “CZ” Zhao, the former CEO of Binance, is facing further legal challenges despite pleading guilty to violating US Anti-Money Laundering requirements. Zhao is currently challenging the government’s efforts to prevent his return to the United Arab Emirates while awaiting sentencing. The authorities have indicated that he may face […]
US crypto regulators have been busy this week, with Binance and Kraken facing legal action from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) respectively. Bitcoin is once again approaching the $38,000 mark, with the potential for further gains if it breaks through. Grayscale has submitted an updated prospectus for a […]
