Crypto markets mixed as traders digest DOJ action against Binance, CZ
Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance. Go to Source
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US officials announce $4.3B settlement with Binance, plea deal with CZ
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
Court unseals indictments against Binance and CZ, detailing expected guilty pleas
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
US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether
Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams. Go to Source
Tether freezes $225M USDT linked to romance scammers amid DOJ investigation
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam. Go to Source
Web3 advocate and author Alex Tapscott on the future of blockchain mass adoption
Alex Tapscott says Web3 offers “a set of tools” that can be used to “build new business models, to create new kinds of organizations [and] to transform existing industries.” Go to Source
Tornado Cash users file appeal over judgment in favor of US Treasury
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court. Go to Source
Bim Afolami takes the reins on UK crypto policy as new Economic Secretary
Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next Minister of State in the Department for Science, Innovation and Technology. Go to Source
Ripple exec reiterates need for tech-neutral crypto regulations
Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations. Go to Source
Crypto advocacy group pushes back against proposed IRS rules on brokers
The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space. Go to Source