Why Binance’s US plea deal could be positive for crypto adoption
Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning? Go to Source
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Binance, CZ paid for defying financial, political status quo: Arthur Hayes
Global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America, according to Arthur Hayes. Go to Source
Coinbase shares hit 18-month high after Binance charges
The price high comes after rival exchange Binance pleaded guilty and traders seemingly priced in Coinbase’s custodian agreements for a slate of spot crypto ETFs. Go to Source
Tornado Cash token falls 57% after Binance announces delisting
TORN fell from $3.90 to $1.66 after Binance announced it would no longer carry the coin. Go to Source
The end of an era for Binance, troubles for Kraken: Law Decoded
Binance and CZ’s ongoing legal drama with United States law enforcement ended with a plea deal. Go to Source
Changpeng Zhao may not leave the US pending court review, says judge
Pending a review of a motion filed by the U.S. government, the former Binance CEO will not be allowed to return to his home in the United Arab Emirates as he awaits sentencing. Go to Source
Binance CEO outlines plan for crypto exchange after CZ steps down
Richard Teng became CEO of crypto exchange Binance after Changpeng Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21. Go to Source
What’s next for Binance’s Changpeng “CZ” Zhao
According to the U.S. Sentencing Guidelines, CZ could receive a 12-18 month sentence, but the Department of Justice is willing to fight for a longer term. Go to Source
Binance onboarded millions into finance but forgot the paperwork — Columbia professor
Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan. Go to Source
‘Strap yourselves in’ — Bull market coming early 2024, say crypto exchange heads
The heads of Australia’s largest crypto exchanges say a bull run is coming early next year — others say it’s already arrived. Go to Source