Executives from Grayscale, a crypto asset manager, recently met with the Securities and Exchange Commission (SEC) to discuss their plans to convert their flagship Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF). The meeting involved discussions about NYSE Arca’s proposed rule change to list and trade shares of the Grayscale Bitcoin Trust. Grayscale also […]
Binance, the world’s largest cryptocurrency exchange, has undergone a significant leadership change. Changpeng “CZ” Zhao, the former CEO, has made the difficult decision to step down from his position. In a heartfelt statement, CZ acknowledged his emotional attachment to the company but emphasized that it was the right move for the community, Binance, and himself. […]
A partnership between New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys has resulted in the launch of a New Zealand dollar-pegged stablecoin. The stablecoin, called NZDD, is backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. Initially available on Ethereum, there are plans to expand […]
Binance, one of the largest cryptocurrency exchanges, has recently announced its resolution of investigations by the U.S. Department of Justice (DOJ) and other agencies. The company admitted to past wrongdoing and emphasized its commitment to compliance and organizational restructuring. Binance acknowledged its role in historical compliance violations but clarified that the U.S. agencies did not […]
Binance’s CEO, Changpeng Zhao, is reportedly stepping down from his position as the crypto exchange faces a $4.3 billion fine and criminal charges from the U.S. government. The charges accuse Binance of violating anti-money laundering laws and sanctions. Zhao is expected to plead guilty in federal court in Seattle, signaling a strategic move by Binance […]
Binance, one of the largest cryptocurrency exchanges, and its founder Changpeng Zhao, commonly known as CZ, have been facing a series of legal challenges in the United States. The government has filed indictments against Binance and Zhao, accusing them of violating US laws related to money laundering and terror financing. As part of a deal, […]
Former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges and has agreed to pay a $50 million fine. He also faces a potential 18-month prison sentence. As part of his plea deal, Zhao has stepped down from his leadership position at Binance. In a post on X, he expressed his resignation and […]
Brian Armstrong, the CEO of Coinbase, has expressed his satisfaction with the decision made by his company to comply with U.S. money transmitter licensing laws. In contrast to rival exchange Binance, which is pleading guilty to criminal charges, Armstrong believes that Coinbase’s commitment to obtaining the necessary licenses has positioned the company as a long-term […]
Binance, one of the largest cryptocurrency exchanges, has announced a change in leadership. Richard Teng, the head of regional markets outside of the U.S., has been appointed as the new CEO. This decision comes after the founder and former CEO, Changpeng “CZ” Zhao, resigned and pleaded guilty to charges brought against him by the U.S. […]
Binance, a major cryptocurrency exchange, is planning to completely withdraw from the United States. In addition to settling charges with the Department of Justice (DOJ), the exchange will also pay billions of dollars to the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). As part of the settlement, Binance will […]
