modernsociety
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bob wrote a new post
12 months ago
Binance CEO Resigns and Company Settles $4.3 Billion Money Laundering Case
Binance, one of the largest cryptocurrency exchanges, and its CEO, Changpeng Zhao, have admitted to money laundering violations. This has resulted in a significant legal settlement of $4.3 billion and Zhao’s r…
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12 months agoBinance Appoints Richard Teng as New CEO Amidst Regulatory Challenges
Binance, the world’s largest cryptocurrency exchange, has announced a leadership transition. Richard Teng has been named the new CEO, taking over from Changpeng Zhao, who stepped down as part of a settlement with t…
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12 months agoBinance CEO Steps Down and Pays $4 Billion in Fines in Landmark Crypto Settlement
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have agreed to pay a record-breaking corporate penalty of over $4 billion as part of a settlement with the US government. This l…
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12 months agoTether and OKX Freeze $225 Million in USDT to Combat International Romance Scam
Tether, in collaboration with OKX and the U.S. Department of Justice, has frozen $225 million in USDT tokens, marking the largest freeze of its kind. This action is part of an investigation into an international…
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12 months agoGrayscale Bitcoin Trust Meets with SEC to Discuss Spot ETF Application
Grayscale Investments recently met with the US Securities and Exchange Commission (SEC) to discuss their bid for a spot Bitcoin exchange-traded fund (ETF). The SEC issued a memo revealing the meeting, which was…
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12 months agoAirbnb Acquires Start-Up by Co-Founder of Siri for AI Advancements
Siemens Energy, a subsidiary of the German conglomerate Siemens, has secured a guarantee package of 15 billion euros from the German government and private banks. The package includes a 7.5 billion euro guarantee…
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12 months agoSEC Chairman Gary Gensler Targets Kraken Exchange with Lawsuit
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), has filed a lawsuit against Kraken, one of the largest crypto exchanges. This move comes as no surprise, as Gensler has been known for…
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12 months agoGrayscale Meets with SEC to Discuss Conversion of Bitcoin Trust to ETF
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…
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12 months agoBinance Founder CZ Pleads Guilty to Violating Bank Secrecy Act, Steps Down as CEO
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 heart…
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12 months agoNew Zealand Crypto Exchange Launches NZ Dollar-Pegged Stablecoin in Partnership with Labrys
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…
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12 months agoBinance Resolves DOJ Investigations with Hefty Fines and Compliance Commitments
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…
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12 months agoBinance CEO Resigns Amidst $4.3 Billion Fine and Criminal Charges
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 a…
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12 months agoBinance Founder CZ's Wealth Plummets as US Authorities Crack Down
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…
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12 months agoFormer Binance CEO Pleads Guilty to Money Laundering, Resigns from Leadership Position
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…
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12 months agoCoinbase CEO Commends Compliance Strategy Amidst Binance's Criminal Charges
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…
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12 months agoBinance Appoints Richard Teng as New CEO Amidst Founder's Resignation and Plea Deal with DOJ
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…
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12 months agoBinance to Exit US Market, Settle with DOJ, and Appoint Monitor
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…
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12 months agoBinance CEO CZ to Plead Guilty in $4.3 Billion AML Settlement
Binance CEO Changpeng Zhao, also known as CZ, is reportedly set to plead guilty to charges related to violating US Anti-Money Laundering (AML) requirements. The United States Department of Justice (DOJ) has reached…
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12 months agoBinance CEO Expected to Plead Guilty in $4 Billion Settlement with US Government
A federal court has unsealed indictments against Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng “CZ” Zhao. The United States government expects both Binance and CZ to enter guilty pleas…
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12 months agoCelsius Network to Transform into Bitcoin Miner in Restructuring Plan
Celsius Network, a US-based lender, plans to restructure itself into a Bitcoin mining company called Mining NewCo. This decision comes after receiving regulatory feedback and consulting with creditors. Initially,…
