Binance founder CZ must stay in US until February sentencing, judge orders

Binance founder Changpeng “CZ” Zhao must stay in the United States until his February sentencing as he’s unlikely to return to the country if allowed to travel to the United Arab Emirates, a federal judge has ruled. On Dec. 7, Seattle District Court Judge Richard Jones ordered Zhao to stay in the U.S. until his Feb. 23, 2024 sentencing date. He faces up to 18 months in prison after pleading guilty to money laundering on Nov. 21. “The defendant has enormous wealth and property abroad, and no ties to the…

Bitcoin 65% Crash Possible? $54 Million In Buy Orders Pile Up At $12,000

Bitcoin is still trending at a reasonably high price, especially after falling below $15,000 in 2022 following the FTX collapse. Given its rise since then, investors have turned bullish, expecting the start of another bull market. However, not all investors have bought into this bullish narrative for Bitcoin and this is evidenced by the amount of buy orders sitting at prices more than 65% below its current value. 4,500 BTC Bids At $12,000 In an interesting turn of events, a developer has revealed a massive buy wall waiting in the…

Seattle Judge Orders Binance Ex-CEO to Stay within US Jurisdiction Pending His February Sentencing

With the United States lacking an extradition treaty with the UAE, Seattle Judge Richard Jones ordered that CZ must remain with the country for the time being before he determines where the crypto billionaire is a flight risk. Despite pleading guilty to all charges and paying a hefty bond to reassure the United States Department of Justice, Binance Holdings Ltd former Chief Executive Officer Changpeng Zhao (CZ) will not be returning to the United Arab Emirates (UAE) soon, after District Judge Richard Jones reviewed the decision by Magistrate Judge Brian…

India state refiner HPCL uses blockchain to verify purchase orders

India’s state-run refiner Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs). HPCL has partnered with the blockchain software firm Zupple Labs to integrate its blockchain-based digital credentialing technology into the purchase order system, the firms said in a joint announcement. Called LegitDoc, Zupple Labs’ verification tech enables HPCL to issue digital POs to its vendors without having to manually verify the PO requests. From a third-party verifier’s perspective, the project provides a facility to…

Binance’s exec exodus, Nasdaq to trade AI orders, and more

Top Stories This Week Binance crypto exchange saw 10 key execs leave in 2023. Here’s the list A key talking point in the crypto community has been the ongoing exodus of executives from Binance amid growing regulatory troubles. Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. The latest to join the list is Helen Hai, executive vice president of Binance, who announced her resignation from her post on Sept. 6. On the same day, Gleb Kostarev, vice president of…

Nasdaq receives SEC approval for AI-based trade orders

Nasdaq announced that the United States Securities and Exchange Commission has approved its request to operate the first exchange AI-driven order type on Sept. 8. Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it “dynamic,” meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real-time. ⚡ Bringing AI to the capital markets: Today, @Nasdaq announced it has received @SECGov approval to launch Dynamic Midpoint Extended Life Order (M-ELO), the first artificial intelligence (AI) powered…

New York Court Orders Asset Freeze for Former Celsius CEO Alex Mashinsky Due to Ongoing Criminal Case Proceedings

Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million. The former Celsius Chief Executive Officer (CEO) Alex Mashinsky faces more financial hurdles after United States Judge Jed S. Rakoff ordered his assets to be frozen as the criminal case with the Department of Justice (DOJ) continues. According to court filings, Mashinsky and any of his representatives have been ordered not to sell, transfer, or pledge any of his assets. Notably, Mashinsky’s funds in Goldman Sachs Group Inc…

DoorDash launches AI bot to take customers’ takeout orders

Food delivery service platform DoorDash is integrating AI technology for their restaurant clients, which will see customers communicating their food orders to AI-powered bots instead of busy in-house staff. According to an Aug. 28 announcement from DoorDash, the new AI-powered voice ordering system will answer customer phone calls, which will be available to “select operators.” The company’s 2023 Restaurant Online Ordering Trends report revealed that while 20% of customers prefer to order their food via phone, up to 50% of customer calls are left unanswered — leading to significant unrealized…

Rarible To Stop Aggregating Orders From These Three NFT Marketplaces

Non-fungible token (NFT) aggregator Rarible has plans to cease aggregating orders from marketplaces OpenSea, LooksRare, and X2Y2. The decision comes after OpenSea decided to shift to an optional royalty model. On Thursday, August 17, OpenSea disclosed that royalties – pay cuts from secondary sales – will become optional for new NFT collections after August 31, 2023. Meanwhile, royalty fees for NFT collections that currently utilize the Operator Filter – a feature that enforces creator royalties – will become optional after February 29, 2024. Although the optional royalty model has always…