Former Binance CEO Changpeng Zhao is facing the possibility of a 10-year prison sentence for violating the Bank Secrecy Act. Binance, the cryptocurrency exchange, has been implicated in a global criminal enterprise and has agreed to pay a record $4.3 billion fine. The Department of Justice (DOJ) is pushing for travel restrictions for Zhao until […]
Former Ethereum advisor Steven Nerayoff has announced his plans to launch a groundbreaking AI-driven web3 project. Nerayoff, who has turned into a critic of the Ethereum project and its co-founder Vitalik Buterin, has been vocal about his time working for the world’s second-largest cryptocurrency. He has accused Buterin of manipulating the network for personal gains […]
A recent court filing suggests that Changpeng “CZ” Zhao, the former CEO of Binance, is facing further legal challenges despite pleading guilty to violating US Anti-Money Laundering requirements. Zhao is currently challenging the government’s efforts to prevent his return to the United Arab Emirates while awaiting sentencing. The authorities have indicated that he may face […]
In a recent filing, U.S. prosecutors have stated that they may seek a maximum prison sentence of 10 years for former Binance CEO Changpeng Zhao (CZ). This comes in response to CZ’s opposition to the government’s motion to detain him in the U.S. The prosecutors argue that CZ poses a flight risk and should be […]
The ISO 20022 standard is revolutionizing global financial communication by improving data handling and processing in financial transactions. This standard, originally designed for traditional banking transactions, has now expanded to include cryptocurrencies, bringing about a new era of interoperability and standardization in financial communications.Nine major cryptocurrencies, including Quant, Ripple, Stellar, Hedera, IOTA, XDC Network, Algorand, […]
Indexed Finance, an Ethereum-based platform, recently faced a major setback when hackers stole $16 million from the platform. However, the Indexed community has successfully defended against two recent attempts to hijack the project’s decentralized autonomous organization (DAO). As a result, the management of the DAO is transitioning back to its original creators, who plan to […]
Zipmex, a cryptocurrency exchange based in Singapore, has decided to temporarily suspend all digital asset trading operations in Thailand. This move is in response to regulatory demands set by the Securities and Exchange Commission (SEC) in Thailand. The suspension, effective from November 25, aims to ensure that Zipmex’s business operations align with the regulatory standards […]
Indexed Finance, an Ethereum-based project that was previously hacked for $16 million, has successfully defended against two hijacking attempts. The project’s decentralized autonomous organization (DAO) control will now be returned to its founders, who plan to allocate the remaining treasury to the victims of the 2021 hack.In a detailed thread on X, Laurence Day, a […]
US crypto regulators have been busy this week, with Binance and Kraken facing legal action from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) respectively. Bitcoin is once again approaching the $38,000 mark, with the potential for further gains if it breaks through. Grayscale has submitted an updated prospectus for a […]
Cryptocurrency exchange Zipmex has announced that it will suspend all digital asset trading in Thailand in order to comply with regulatory requirements. The company has decided to temporarily halt its operations to align with the criteria set by the Securities and Exchange Commission (SEC) in Thailand. This suspension will be effective from November 25, 2023, […]
