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  • Profile picture of bob

    bob wrote a new post

    2 years 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Binance 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Grayscale 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    HTX 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Coinbase 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    HECO 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    The 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Justin 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Binance'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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Mt. 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Microsoft 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Binance 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Nvidia 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    New 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Binance'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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Binance 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Binance 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Genesis 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Mt. 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…

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  • Profile picture of bob

    bob wrote a new post

    2 years ago

    Former 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…

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