binance
Washington (AFP) - Binance chief executive Changpeng Zhao pleaded guilty Tuesday to US money laundering violations, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties. "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed –- now it is paying one of the largest corporate penalties in US history," Attorney General Merrick Garland said in a statement. Binance's guilty plea is part of coordinated action including with the Treasury Department's Financial Crimes Enforcement Network and Office of Foreign Ass...
AFP
The crypto world is buzzing with news – the latest stories highlight just how far cryptocurrencies have come since the mysterious release in 2009 as a juvenile open software. Fast forward to 2023, and the scale and expansion of crypto is immense. Now, applications spread far and wide in decentralized and centralized systems – so what does this mean for the future of cryptocurrency? Below, we’ll look at the expansion of the crypto world, the current top stories, and what the future holds for investors and the applications cryptocurrency has. The Rapid Expansion Of Decentralized CurrenciesOne st...
ValueWalk
Washington (AFP) - Binance has agreed to repatriate its US customers' assets pending a massive lawsuit against the world's largest crypto exchange, the US Securities and Exchange Commission said Saturday, adding that it will secure the funds. Binance and its boss Changpeng Zhao have "agreed to repatriate to the United States assets held for the benefit of customers of the Binance.US crypto trading platform," the SEC said in its statement. The regulator did not specify how many of Binance's US customers are affected, nor the value represented by these funds. Earlier this month the SEC charged...
AFP
New York (AFP) - US authorities on Monday charged cryptocurrency giant Binance with securities law violations that collectively amounted to what they called "an extensive web of deception" and "calculated evasion of the law." Binance, the world's largest cryptocurrency exchange, is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange. The case also alleges Binance misused customer funds. The Securities and Exchange Commission filed a civil complaint listing 13 charges involving platforms and other investment ...
AFP
New York (AFP) - US authorities on Monday charged cryptocurrency giant Binance with securities law violations that together amounted to what they called "an extensive web of deception" and "calculated evasion of the law." Binance is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange. The case also alleges Binance misused customer funds. The Securities and Exchange Commission filed a civil complaint listing 13 charges involving platforms and other investment entities controlled by founder Changpeng Zhao, who...
AFP
Washington (AFP) - A top US markets regulator on Monday charged cryptocurrency giant Binance and its founder Changpeng Zhao with multiple violations, in another move by Washington against the once high-flying sector. Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), said the charges against Binance, the world's largest crypto exchange, were part of a campaign to "find and stop misconduct in the volatile and risky digital asset market." The allegations targeted Zhao, also known by his Twitter handle CZ, and three entities that make up his crypto empire. Zhao was often ...
AFP
In a difficult year for the crypto space that has been full of hacks, failing funds, and decentralized stablecoins going to zero, nothing has compared to FTX and Sam Bankman-Fried’s (SBF) rapid implosion. After an astronomical rise in the crypto space over the past three years, crypto exchange FTX and its founder and CEO SBF have come crashing back down to earth, largely unraveled by their misuse of customer funds and illicit relationship with trading firm Alameda Research. Q3 2022 hedge fund letters, conferences and more How did FTX wind up in this position? How FTX’s Bankruptcy UnfoldedFTX’s...
ValueWalk
By Mohammed Kudrati A search by the Enforcement Directorate [ED] on Zanmai Labs - the operating entity of cryptocurrency exchange WazirX - under money laundering provisions has soured relations between the exchange and its larger peer Binance, with whom it had announced a partnership and an acquisition deal in 2019. The search also corresponded to the ED freezing Zanmai's bank account with ₹64.67 crore in it. In the latest development in the saga on August 8, Binance announced that it would not support off-chain fund transfers between the exchanges. Off-chain transfers are not facilitated by t...
BOOM Live
Binance Said To Still Be Serving Iranians Despite SanctionsLast month, the news outlet reported that Binance, the world’s largest crypto exchange based on traded volume, had become a “hub” for drug traffickers, fraudsters and hackers. However, Binance Compliance Officer Matthew Price denied those claims, saying that Reuters had skewed metrics to “get an agenda across.” Q2 2022 hedge fund letters, conferences and more More recently, seven Iranians told Reuters that they have been using Binance for their crypto transactions after the U.S. reimposed sanctions against Iran. Washington reimposed th...
ValueWalk
Binance CEO Changpeng Zhao, once one of the 10 richest men in the world, is making headlines after becoming the person who has lost the most money in history. His once mammoth fortune has plunged to $11 billion from $97 billion in the space of five months. Binance’s DemiseChangpeng Zhao opened 2022 with a fortune that amounted to $80 billion and in mid-January, he had reached $97 billion. However, the combination of inflation, the war in Ukraine, sluggish economic growth, as well as falling returns from the stock and crypto markets hit his fortunes. As of this writing, his fortune has fallen t...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら