Crypto exchange Binance’s founder Changpeng Zhao (CZ) has reported to a federal prison in Lompoc, California, to start serving his term. The information was confirmed with his legal staff at Latham & Watkins, according to a CNBC report. After his sentencing, Zhao discussed his intentions after jail, indicating that he
The crypto space’s flagship asset, Bitcoin, is still the biggest cryptocurrency by market cap, but it has never been really programmable, scalable, or popular among developers. Nevertheless, there has been a shift. There has been a dramatic increase in the volume of discourse around potential solutions to Bitcoin’s scalability with
The ‘Forever Worldwide: The Road to Saudi Arabia’ NFT collection, a collaboration between Cristiano Ronaldo and Binance, was unveiled today. The new NFTs offer fans novel experiences and spectacular real-life rewards, representing Cristiano Ronaldo’s journey from modest beginnings in Madeira to becoming a worldwide football legend. The ‘Forever Worldwide: The
DeFi has had a significant capital inflow in 2024, resulting in a 75.1% increase in TVL year-to-date (YTD) to US$94.9B from US$54.2B at the beginning of the year. Nearly all DeFi sectors have benefited from this increase, including big and specialized markets. As a result, differentiated markets have emerged, enabling
An appeal was successful by crypto exchange Binance’s subsidiary Binance US, against the Emergency Suspension Order (ESO) issued by the state regulator of Florida, according to a decision handed down by the Florida First District Court of Appeal on Wednesday. Changpeng Zhao and Binance Holdings’ plea agreements for failing to
DWF Labs finds itself under the spotlight once again. Recently, the firm made headlines after depositing a substantial 3 million TOKEN ($322,000) onto the Gate.io platform just 15 hours ago. This move comes after DWF Labs received 120 million TOKEN from the Floki team back on November 1, 2023, when
Binance, the leading blockchain ecosystem behind the world’s biggest cryptocurrency exchange based on trading volume, today announced the debut of Funding Rate Arbitrage Bot and the complete rollout of Spot Copy Trading to all qualified customers. About 120,000 active trading strategies are presently available on Binance’s Trading Bots Marketplace, and the exchange is constantly improving
Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing. The FLOKI price surged by over 7% post the
Reports indicate that the US Department of Justice (DOJ) has entrusted the international consultant company Forensic Risk Alliance (FRA) to oversee Binance’s compliance with regulatory mandates for the next three years. As part of its November 2023 plea bargain, Binance admitted to federal accusations of money laundering and paid a
Binance and KuCoin recently completed registering with India’s Financial Intelligence Unit (FIU), which is a major step forward for the country’s cryptocurrency sector. This is a major milestone on the road to legalization and compliance with Indian regulations. Importantly, KuCoin has quickly paid a substantial fine of $41,000, allowing it
