A new Bloomberg article reported that Binance founder and former CEO Changpeng Zhao is now serving his time in Lompoc II as “Inmate 88087-510.” As a consequence of his deal with the U.S. Department of Justice, Binance founder Changpeng Zhao is starting his four-month prison sentence in California, as bitcoin
The DOJ has announced that Binance pleaded guilty to money laundering, and faces over $4 billion in fines, and Mr. Zhao consents to resign as CEO of Binance. The founder of Binance, the largest cryptocurrency exchange in the world, Changpeng Zhao, entered a guilty plea to charges of money laundering,
Binance is being sued by the SEC for ‘billions in fraud’ after allegedly working to subvert ‘their own controls’ to allow high-net-worth U.S. investors and customers to continue trading on Binance’s unregulated international exchange. The Securities and Exchange Commission filed 13 charges against Binance, the world’s largest crypto exchange, and its founder, Changpeng
After the failures of Signature and Silvergate, both seen as friendly to crypto companies, no U.S. banks are willing to work with Binance.
A Coinbase representative stated that the suspension of BUSD trading will begin on March 13 because it was determined that BUSD no longer met their listing standards.
Without any explanation, crypto exchange Binance said that it would suspend U.S. dollar transfers, but the company’s subsidiary, Binance US, stated in a tweet that it is unaffected by the ban.
Welcome to the world of Binance Smart Chain. This is the ultimate beginner’s guide to the two most powerful cryptocurrencies in the world: Binance Coin (BNB) and Binance Smart Chain (BSC).
After the failure of cryptocurrency exchange FTX and hedge fund Alameda Research, the troubled cryptocurrency sector and its rich pioneers face a day of reckoning. In particular, these crypto founders and bitcoin moguls lost $116 billion in 2022.
According to a press release, Binance US is set to acquire Voyager Digital crypto assets for $1 billion, which has resulted in BNB, which had fallen as low as $220 early on Saturday amid escalating FUD, recovering nearly all of the losses brought on by the most recent outflow fears.