Kumo
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11 months, 2 weeks ago
Grayscale 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…
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11 months, 2 weeks agoBinance to Exit US Market, Settle with DOJ, and Appoint Monitor
Binance, a major cryptocurrency exchange, is planning to completely withdraw from the United States. In addition to settling charges with the Department of Justice (DOJ), the exchange will also pay billions of…
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11 months, 2 weeks agoBinance CEO CZ to Plead Guilty in $4.3 Billion AML Settlement
Binance CEO Changpeng Zhao, also known as CZ, is reportedly set to plead guilty to charges related to violating US Anti-Money Laundering (AML) requirements. The United States Department of Justice (DOJ) has reached…
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11 months, 2 weeks agoBinance CEO Expected to Plead Guilty in $4 Billion Settlement with US Government
A federal court has unsealed indictments against Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng “CZ” Zhao. The United States government expects both Binance and CZ to enter guilty pleas…
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11 months, 2 weeks agoCelsius Network to Transform into Bitcoin Miner in Restructuring Plan
Celsius Network, a US-based lender, plans to restructure itself into a Bitcoin mining company called Mining NewCo. This decision comes after receiving regulatory feedback and consulting with creditors. Initially,…
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11 months, 2 weeks agoCelsius Network Transitions to Bitcoin Mining Company Following Bankruptcy Confirmation
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 f…
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11 months, 2 weeks agoBinance CEO to Step Down and Plead Guilty to US Anti-Money Laundering Violations
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 c…
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11 months, 2 weeks agoBinance CEO CZ Steps Down Amidst DOJ Settlement Deal as BNB Price Whipsaws
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…
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11 months, 2 weeks agoJustice Department Seizes $9 Million in Tether USDT Linked to Romance Scam
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…
