Tag Archives: binance cz

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have...

Binance reported more than $1.2 billion in assets under custody for more than 170 million users in its 2023 performance report. Leading cryptocurrency exchange by daily traded volume and registered users, Binance Holdings Ltd., has continued to build the necessary infrastructure and products to enable the next phase of web3 mass adoption. Despite the former Chief Executive Officer Changpeng Zhao (CZ) being forcefully ousted by the United States government, Binance has demonstrated that it...

Despite the ongoing legal battle with CZ Binance and the US government, market experts believe the company will continue to maintain its position as the biggest crypto exchange in the world.  Changpeng Zhao (CZ), the founder and former CEO of the world’s largest cryptocurrency exchange Binance has hired Matthew Diggs, an ex-prosecutor in the United States with years of criminal and regulatory experience, to defend his interests in the ongoing settlement saga with the government. Recall...

Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading giant Binance. The SEC accused the crypto exchange of illegally operating in the country without licenses. In a recent notice, the Philippine SEC...

In the article, Hayes presented a unique perspective on centralization, branding himself, and even Changpeng ‘CZ’ Zhao, the former CEO of Binance, as sinners in the eyes of “Lord Satoshi”. In his recent article, “Panda Power”, Arthur Hayes, a prominent crypto expert and BitMEX co-founder provided a unique perspective on China’s impact on Bitcoin (BTC) mining and the broader global crypto ecosystem. US-China Relations and the Crypto Market Hayes explores the recent developments in US-China...

Following his recent guilty plea and forthcoming sentencing, former Binance CEO Changpeng Zhao has outlined potential next steps, including crypto investments in biotech research. Changpeng Zhao announced his resignation as CEO of Binance after leading the cryptocurrency exchange since its inception. This news comes on the heels of a settlement with US regulators over Binance’s regulatory violations. Despite the fact that no customer funds embezzlement or market manipulation were alleged,...

The new Binance CEO has noted that Binance will begin operating a conventional corporate structure under his leadership. New Binance CEO Richard Teng has promised that the firm will maintain a greater commitment to transparency moving forward. Teng made this pledge in his first blog post to the company users. Mr Teng took over as CEO after Changpeng Zhao (CZ) pled guilty to charges of money laundering and sanctions violations. CZ was asked to step down from the company as part of a $4...

In the midst of economic uncertainties, the crypto market, particularly Bitcoin, has experienced notable price movements. The crypto market is witnessing a surge in Bitcoin (BTC) price, reaching over $37,400, while US Treasury yields remain little changed since Friday. As investors keep a close eye on economic data that could influence the Federal Reserve’s monetary policy, the steady Treasury yields play a crucial role in shaping market dynamics. Treasury Yields and Market Stability...

If the entire $2.7 billion exits the bitcoin market, it would exert significant downward pressure on bitcoin prices, the authors stated. However, if most of this $2.7 billion transitions into other bitcoin instruments, such as the newly established spot bitcoin ETFs post SEC approval, the negative market impact would be more moderate. Nevertheless, the bank indicated that Bitcoin continues to face downside risks, as some of the $2.7 billion is likely to exit the Bitcoin space completely. The...

The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to resign as CEO. A settlement was reached to resolve this matter, resulting in a $50 million fine imposed on CZ (the former CEO) and a...