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 resignation. The company is facing accusations of enabling transactions for terrorist groups and users in sanctioned countries. The allegations include facilitating transactions with ransomware […]
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 the US Justice Department. Zhao pleaded guilty to anti-money laundering violations and agreed to pay a $50 million fine. Teng, a veteran […]
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 landmark agreement signifies a significant step in the regulation of the cryptocurrency sector, as it is the first time a CEO of […]
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 human trafficking syndicate that is allegedly involved in a widespread romance scam. The success of the operation relied on the […]
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 mandated by a court decision. The discussions focused on potential listing matters concerning Grayscale Bitcoin Trust’s shares. Grayscale has filed a new […]
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 from the government and 12 billion euros in guarantees from private banks. The guarantees will help support Siemens Energy in its operations. […]
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 his relentless fight against cryptocurrencies. The lawsuit alleges that Kraken sold several crypto tokens as unregistered securities. Interestingly, XRP, […]
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 fund (ETF). The meeting involved discussions about NYSE Arca’s proposed rule change to list and trade shares of the Grayscale Bitcoin Trust. Grayscale also […]
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 heartfelt statement, CZ acknowledged his emotional attachment to the company but emphasized that it was the right move for the community, Binance, and himself. […]
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 backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. Initially available on Ethereum, there are plans to expand […]
