Fri, April 19

Binance’s New CEO Richard Teng Prioritizes Web3 Commitment

Richard Teng, Binance’s newly selected CEO, has recently provided briefings in which he discusses the exchange’s strategic actions and his own activities. His most recent post on twitter, however, provides insight into the exchange’s goals in the dynamic Web3. Notably, Teng defines Binance’s dedication to users and cooperation inside the

November 25, 2023 2 mins read

Binance Founder CZ’s Attorneys Oppose Attempts Blocking UAE Return

Former Binance CEO Changpeng Zhao (CZ) is at the center of a courtroom confrontation in the legal controversy. The attorneys for CZ are vigorously opposing U.S. Justice Department (DOJ) attempts to block his return to the UAE until his sentence for anti-money-laundering (AML) violations. CZ’s recent guilty plea involved Binance

November 25, 2023 2 mins read

U.S CFTC Warns Other Crypto Exchanges Post-Binance Settlement

The US Commodity Futures Trading Commission (CFTC) has issued a warning to various other cryptocurrency exchanges, two days after Binance’s $4.3 billion settlement with United States authorities was finalized. On Tuesday, former CEO Changpeng Zhao (CZ) pleaded guilty and resigned. Binance should pay penalties totaling $4.3 billion, with $50 million

November 24, 2023 2 mins read

Raiffeisen Bank To Offer Retail Crypto Trading via Bitpanda in Vienna

By January 2024 end, Austria-based Raiffeisen Bank plans to provide retail clients trading services in cryptocurrencies. Bitpanda, a crypto exchange, signed a memorandum of intent with the bank earlier this year, and the duo will work together to deliver the service to consumers in Vienna. Curt Chadha, the bank’s head

November 23, 2023 2 mins read

Prosecutors Seek to Bar Binance Ex-CEO CZ from Leaving U.S

According to a court petition made by federal prosecutors on Wednesday, Changpeng Zhao (CZ), the former CEO of Binance, cannot be permitted to leave the U.S. until his February sentencing on one allegation of infringing the Bank Secrecy Act. Along with Binance’s guilty plea to numerous criminal and civil charges

November 23, 2023 2 mins read

WOOFi Now Supports Bitget Wallet Connectivity

Bitget Wallet has just taken a leap forward in enhancing user experience by integrating WOOFi, the decentralized trading protocol developed by WOO Network. This upgrade brings reduced slippage and lower trading fees, making these benefits more accessible to Bitget Wallet users. In particular, traders can seamlessly access the WOOFi platform

November 23, 2023 1 min read

Defunct Crypto Exchange FTX Transfers $36 Million Worth Tokens

There has been a fresh wave of token transfers by defunct crypto exchange FTX. Lookonchain reports that the defunct exchange transacted almost $36 million worth of Polygon (MATIC) and Avalanche (AVAX) in the last 24 hours. In the past 24 hours, #FTX transferred a total of ~$36M assets to exchanges.

November 22, 2023 2 mins read

JPMorgan Commends Binance’s $4.3 Billion Settlement

According to JPMorgan, the latest agreement between Binance and U.S. regulators bodes well. Binance’s protracted legal struggle has finally come to a close, and it’s being hailed as a major victory for the cryptocurrency sector as a whole. For the crypto behemoth and its investors, this means less uncertainty moving

November 22, 2023 2 mins read

US Crackdown on Binance Makes CEO Resign

The cryptocurrency industry faces another major setback as Changpeng Zhao (CZ), the founder and CEO of Binance, has stepped down and pleaded guilty to breaking US anti-money laundering laws. Further, CZ agreed to the $4.3 billion settlement, which is one of the largest corporate penalties in US history, including a

November 22, 2023 3 mins read

Binance CEO Pleads Guilty, Settles DOJ Case at $4.3 Billion

According to a WSJ article, Binance CEO Changpeng Zhao (CZ) has decided to resign ahead of the DOJ’s announcement that it had settled with the cryptocurrency exchange for $4.3 billion. The WSJ reports that CZ plans to enter guilty pleas on many offenses brought by the Department of Justice. The

November 21, 2023 2 mins read