On Tuesday, Binance US, the American branch of Binance.com, revealed that Changpeng Zhao (CZ), its former CEO, has relinquished his position as chairman of the board with immediate effect. The announcement emphasized that Binance US is fully functional and operates independently from Binance.com.
Changpeng Zhao Steps Down as Binance US Chairman
The update from Binance US comes in the wake of a…
Bitcoin Whale Soars to 72nd Rank in 2 Weeks, Gathering Over 10,000 BTC Amid ETF Buzz – Bitcoin News
November 29, 2023
This week, observers in the crypto sphere have kept a close eye on a notable bitcoin whale address, which impressively climbed from the 492nd spot to become the 72nd largest bitcoin holder in a mere fortnight. This substantial addition of over 10,000 bitcoin occurs amidst…
Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront – Bitcoin News
November 29, 2023
Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation, users, and Web3 will be at the forefront of…
Coinbase CEO Says Binance Settlements Allow Crypto Industry to 'Turn the Page' – Legal Bitcoin News
November 29, 2023
Coinbase CEO Brian Armstrong says the enforcement action against Binance has allowed the crypto industry to “turn the page.” He emphasized: “There are many, many companies in crypto that are helping build the crypto economy and update our financial system globally. But many of them are still small startups, so I think getting regulatory clarity is going to help bring in more investment in…
Crypto Payment Provider Alchemy Pay Secures Iowa Money Services License – Finance Bitcoin News
November 29, 2023
The Singapore-based payment gateway Alchemy Pay has been granted the money services license by the U.S. state of Iowa. Both this license and the money transmitter license obtained from Arkansas nearly two months earlier underline Alchemy’s “dedication to…
Cardano's Charles Hoskinson Clashes With Blockstream's Adam Back Over Crypto Security Classification – Bitcoin News
November 29, 2023
Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about…
Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government's Request – Legal Bitcoin News
November 28, 2023
A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The government filed the motion in response to a release order issued by a magistrate judge, granting the former Binance chief permission to go back to the UAE while…
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs)…
Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident – Bitcoin News
November 28, 2023
The crypto community was initially baffled by the massive fee of 83.65 bitcoin, originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the…
SEC Struggles to Serve Richard Heart in Multi-Billion Dollar Crypto Case – Bitcoin News
November 28, 2023
In an interesting turn of events, the U.S. Securities and Exchange Commission (SEC) faces challenges in its billion-dollar lawsuit against cryptocurrency figure Richard Heart. A recent court filing reveals that the SEC has yet to successfully serve Heart, complicating the high-profile case.
Legal Impasse Delays Billion-Dollar Case Against HEX Creator Richard Heart
The SEC’s legal battle with…
