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Changpeng Zhao, the CEO of Binance, has decided to step down from his role and admit guilt to criminal charges. This move comes as part of a settlement with the US government, which has leveled three specific charges against Binance: conspiracy, violation of the International Emergency Economic Powers Act, and operating an unlicensed money-transmitting business. … Read more
Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct. Go to Source
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts. Go to Source
The house that CZ built will now be helmed by its Head of Regional Markets as the U.S. Department of Justice has barred the former CEO from his position. Go to Source
The U.S. Justice Department, Treasury, and CFTC are reportedly planning to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21. Go to Source
The BNB token defied today’s wider market downturn with a high volume rally, which saw its price hit a 5-month high at $271.90 Go to Source
Binance transferred $3.9 billion USDT between its wallets, days before a report about a $4 billion settlement with the United States Justice Department was published. Go to Source
According to a report, an agreement to settle Justice Department charges against the company may be settled by the end of the month. Go to Source
Recently, Binance has authoritatively declared its endorsement of the upcoming Terra Classic (LUNC) network upgrade. This is scheduled for November 20, 2023, at roughly 09:00 UTC. Also, the network transformation is set to happen at block height 15,493,370. #Binance exchange announced that it will support Terra Classic ( #LUNC ) blockchain upgrade. ➡️ $LUNC chain … Read more
Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis. Go to Source