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1 year, 6 months ago
Former 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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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1 year, 6 months 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…
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1 year, 6 months agoBinance Founder CZ Agrees to Step Down as CEO Amidst $4.3 Billion Settlement
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 mul…
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1 year, 6 months agoBinance CEO CZ Considers Resignation as Part of $4 Billion Settlement with US Authorities
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 (…
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1 year, 6 months agoPhoenix Group's IPO Raises $370 Million, Reflecting Strong Investor Confidence in Middle Eastern Crypto Economy
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…
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1 year, 6 months agoUS Department of Justice Set to Announce Settlement with Binance Over Money Laundering Allegations
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…
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1 year, 6 months agoPassPay Forms Strategic Alliance with EOS Network Foundation to Develop Blockchain-Based Financial Products
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…
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1 year, 6 months agoBittrex Global, Cryptocurrency Exchange, Announces Closure and Withdrawal Restrictions
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…
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1 year, 6 months agoBittrex Global to Cease Operations Following Regulatory Challenges
Liechtenstein-based cryptocurrency exchange Bittrex Global has announced that it will suspend all operations by the 4th of December as it prepares to shut down following a bruising battle with the SEC. The closure…
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1 year, 6 months agoKraken Co-Founder Criticizes SEC Lawsuit, Urges Crypto Companies to Leave US
Jesse Powell, co-founder of cryptocurrency exchange Kraken, has criticized the Securities and Exchange Commission (SEC) for filing a lawsuit against his platform. Powell referred to the SEC and its chief, Gary…
