The last twenty-four hours in the volatile world of cryptocurrency have been a whirlwind following the unexpected resignation of CZ Binance, the renowned figure and CEO of the largest exchange, Binance. His departure comes hand-in-hand with a staggering $4 billion settlement between United States agencies, shaking the global market capitalization,
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
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
According to a report from Bloomberg citing persons involved with the talks on November 20th, the US Department of Justice (DOJ) seeks payment for more than $4 billion from Binance Holdings as part of a possible settlement of a years-long probe. Any decision to the inquiry into the corporation, and
Binance’s CEO, Changpeng Zhao (CZ), thinks Bitcoin mining is the most outstanding business model ever. This observation came as news surfaced that miners were raking in record amounts of money from block rewards and transaction fees, with some days seeing earnings of over $44 million. This number exceeded the April
Binance has announced the launching of many new and improved features throughout its product suite in the months of September and October. Binance is the global blockchain ecosystem powering the biggest cryptocurrency exchange by trading volume. These changes are a part of Binance’s larger objective to provide the greatest platform user experience.
Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered
In the past 24 hours, the broader cryptocurrency market has displayed a significant comeback, surging by an additional 2%. The total market capitalization has now surpassed the $1.4 trillion mark, indicating that the crypto sector continues to exhibit substantial strength. This bullish trend persists despite recent statements from Federal Reserve
For the first time in two years, the regulated Chicago Mercantile market (CME) surpassed Binance as the largest bitcoin (BTC) futures market on Thursday. According to CoinGlass statistics, CME has a higher market share than any other futures and perpetual futures exchange at 24.7%, with an open interest (OI) of
On November 10th and 11th in Barcelona, 50 international experts and electronic music stars like Fedde le Grand will come together to create an unparalleled professional agenda and enjoy an incredible party. Top-notch conferences, trading, immersive workshops, exhibitions by international WEB3 companies, games and tournaments, virtual reality experiences, documentaries, and
