modernsociety
-
bob wrote a new post
12 months ago
Binance Resolves $3.4B Fine with U.S. Treasury in Record-breaking Settlement
The U.S. Treasury has announced that the resolution reached with Binance, a cryptocurrency exchange, is the largest settlement in the history of the Financial Crimes Enforcement Network (FinCEN). The settlement…
-
bob wrote a new post
12 months agoBinance Pleads Guilty to Money Laundering Charges, CEO Resigns in Settlement
Binance, one of the largest cryptocurrency exchanges, has recently pleaded guilty to violating US money laundering laws. The US Department of Treasury has accused the exchange of negligence in reporting illicit…
-
bob wrote a new post
12 months agoGrayscale Makes Progress in Pursuit of Bitcoin ETF with SEC Discussions and BNY Mellon Agreement
Grayscale Investments is making progress in its efforts to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). The company recently met with the Securities and Exchange Commission…
-
bob wrote a new post
12 months agoHTX Suffers $13.6 Million Loss in Recent HECO Chain Bridge Exploit
HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three…
-
bob wrote a new post
12 months agoCoinbase CEO Champions Regulatory Compliance Amid Binance Woes, Calls for Clearer U.S. Regulations
Coinbase CEO Brian Armstrong has emphasized the importance of regulatory compliance in the wake of Binance’s recent troubles. In a statement on social media, Armstrong highlighted Coinbase’s commitment to com…
-
bob wrote a new post
12 months agoHECO Chain and HTX Exchange Suffer $100 Million Crypto Attack
In a shocking development, the HECO Chain ecosystem has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86.6 million in digital assets. Tron founder Justin Sun has taken…
-
bob wrote a new post
12 months agoThe Link Between Cryptocurrency Trading and Alcohol Addiction
Cryptocurrency trading addiction is a growing problem, with more and more traders seeking help for substance abuse. The fast-paced and constantly accessible nature of crypto trading often leads individuals to turn…
-
bob wrote a new post
12 months agoJustin Sun-Linked Platforms HTX Exchange and Heco Bridge Targeted in $100+ Million Crypto Attack
Crypto entrepreneur Justin Sun has confirmed that two platforms linked to him, the HTX exchange and Heco bridge, have been targeted in a hacker attack. The attack resulted in a loss of over $100 million. The Heco…
-
bob wrote a new post
12 months agoBinance's Illegally Fueled Growth: U.S. Clients Propel World's Largest Crypto Exchange
Binance, the world’s largest cryptocurrency exchange, allegedly experienced illegal growth in its early days by relying on its American clients. Despite not being a registered U.S. business, Binance targeted g…
-
bob wrote a new post
12 months agoMt. Gox to Begin Repaying Creditors Nearly a Decade After Hack
The trustee of bankrupt Mt. Gox, one of the pioneer exchanges in the crypto industry, is set to begin repaying the firm’s creditors in cash. This comes nearly a decade after the exchange suffered a catastrophic h…
-
bob wrote a new post
12 months agoMicrosoft and Nvidia: Benefiting from the AI Boom, with Potential Challenges Ahead
Nvidia, a leading technology company known for its high-performance chips, has reported strong financial results. However, the market was disappointed, and Nvidia’s stocks declined in after-hours trading. Despite t…
-
bob wrote a new post
12 months agoBinance CEO Resigns and Delists Major Coins in Response to SEC Settlement
Binance, the world’s largest cryptocurrency exchange, is undergoing significant changes following a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Binance CEO C…
-
bob wrote a new post
12 months agoNvidia Faces Challenges from US-China Relations and Microsoft's AI Chip Development
Nvidia, a leading technology company known for its high-performance chips, has reported strong financial results. However, the market was disappointed, and Nvidia’s stocks declined in after-hours trading. Despite t…
-
bob wrote a new post
12 months agoNew Binance CEO Richard Teng Aims to Restore Investor Confidence and Drive Web3 Adoption
Amidst speculation and uncertainty surrounding the departure of Changpeng “CZ” Zhao as CEO of Binance, the new CEO Richard Teng has taken to social media to reassure investors. Following CZ’s announcement, criti…
-
bob wrote a new post
12 months agoBinance's $4 Billion Settlement Triggers Massive Crypto Market Losses
The recent events involving Binance, a popular cryptocurrency exchange, and U.S. federal agencies have had a significant impact on the crypto market. Binance has agreed to a $4 billion settlement with the…
-
bob wrote a new post
12 months agoBinance Customers Withdraw Millions of Bitcoin Amid CEO's Money Laundering Charges
Binance, one of the largest cryptocurrency exchanges, has been hit with a massive exodus of Bitcoin following the CEO’s money laundering charges. Customers of Binance have reacted to the news by withdrawing a s…
-
bob wrote a new post
12 months agoBinance CEO Resigns and Delists Major Coins in Response to SEC Settlement
Binance, the world’s largest cryptocurrency exchange, is taking significant steps in response to a groundbreaking settlement with the US Securities and Exchange Commission (SEC). The exchange has announced the d…
-
bob wrote a new post
12 months agoGenesis Global Capital Files Lawsuit Against Gemini for $689 Million in Privileged Payments
Cryptocurrency lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini in an attempt to recover $689 million in privileged payments. According to court documents, Gemini allegedly…
-
bob wrote a new post
12 months agoMt. Gox Creditors Receive Email Hinting at Repayments Starting in 2023
Creditors of the defunct Bitcoin exchange, Mt. Gox, have received an email indicating that repayments may soon be on the way. The trustee overseeing the exchange’s estate, Nobuaki Kobayashi, has started sending o…
-
bob wrote a new post
12 months agoFormer Binance CEO CZ Steps Down After Guilty Plea, Announces Successor
The former CEO of Binance, Changpeng “CZ” Zhao, has resigned from his position after pleading guilty to violating anti-money laundering laws. In a letter circulated on social media, CZ expressed his pride in his…
