Tag: Binance

Judge accepts Binance CEO CZ’s guilty plea, with sentencing in Feb

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A federal judge has accepted Binance founder Changpeng “CZ” Zhao’s guilty plea to money laundering but hasn’t decided if he can leave the United States before his February sentencing date. In a Dec. 6 filing to a Seattle District Court, Judge Richard Jones said he accepted Zhao’s guilty plea to one count of Bank Secrecy Act violations, which the Binance founder submitted over two weeks ago on Nov. 21 alongside his exchange’s $4.3 billion settlement with United States agencies. Part of the settlement deal saw Zhao step down as CEO…

Crypto Expert Delivers Top 8 Altcoins To Buy On Binance

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As the crypto market enters into what could be considered to be another bull market, one analyst known as MacnBTC has come forward to give a list of altcoins that could do well going forward. The list includes altcoins currently listed on the largest crypto exchange in the world, Binance, making them very easy to get. The Top Altcoins To Buy On Binance Thorchain (RUNE) Appearing at the top of the list is RUNE, the native token of the THORchain network. The decentralized cross-chain liquidity protocol has been garnering a…

New Binance CEO Teng Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto

“I’ve asked you where Binance’s global headquarters is, I’ve asked you whether Binance is going to undergo an audit, how many employees the company currently has on its books and whether you’re applying for a license in the UK, which is what Binance told us during our last FT crypto conference. You haven’t answered those questions,” Chipolina said after repeatedly trying to get an answer from Teng. Source

Binance Launches Anchored Coins EUR (AEUR), Celebrates Listing with Promo Offer

Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR. As Binance commonly does its listings, withdrawal of AEUR will be delayed for at least…

Binance New CEO Sheds Light on Next Move to Ensure Mainstream Adoption of Web3 and Digital Assets

Richard Teng announced that Binance will remain user-focused, will work closely with regulators, and collaborate with its partners to ensure seamless adoption of crypto assets and blockchain technology. After more than 18 months, Bitcoin (BTC) price has risen above $41,000 following heightened demand by institutional investors and more crypto regulatory clarity in different jurisdictions including the United States. The altcoin market, led by Ethereum (ETH) has registered a notable breakout fueled by FOMO traders. As a result, the total cryptocurrency market capitalization has reached $1.6 trillion but is still below…

Binance ex-CEO faces travel ban; BTC ETF

Changpeng Zhao, Binance’s former CEO, faced a setback; the Bitcoin spot ETF craze continues, with BlackRock and Grayscale modifying their filings; and BTC clinched the $39,000 spot amid a sustained market uptrend. Binance ex-CEO’s travel ban Recall that the U.S. Justice Department argued against letting Zhao leave to the UAE, adding that he might not return to the U.S. to face his sentencing, as the country does not have an extradition agreement with the UAE. This week, District Judge Richard Jones agreed that authorities restrict Zhao from leaving the U.S.…

Coinbase market share grows outside US trading hours amid Binance saga: Report

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Following cryptocurrency exchange Binance reaching a substantial multi-billion-dollar settlement with United States regulators last week, an on-chain data analytics firm reported a surge in Coinbase’s market share. On November 21, Binance and the United States Department of Justice (DoJ) reached a settlement of $4.3 billion, settling allegations related to anti-money laundering. However, the legal challenges have led to other crypto exchanges seeing an increase in market share, according to research firm Kaiko Research. The firm recently published a report that indicates that Coinbase has seen an uptick in its trading…

Cristiano Ronaldo Faces $1B Class Action Lawsuit Over Binance Endorsement

“Mr. Ronaldo’s promotions were published on public websites, television and social media accounts accessible to plaintiffs nationwide, including in Florida,” the suit reads. “On information and belief, in exchange for his services, Mr. Ronaldo received a substantial total compensation package which likely included compensation in the form of digital assets transmitted through the Binance platforms.” Source