In a recent filing, Binance, Binance.US, and their founder Changpeng Zhao (CZ) have strongly contested the U.S. Securities and Exchange Commission’s (SEC) lawsuit, arguing that the regulatory body failed to meet the requirements of the “Howey Test.” The filing, submitted…
DOJ Charges Binance CEO CZ and Proposes 10-Year Prison Sentence
In a stunning turn of events, the U.S. Department of Justice (DOJ) has brought forth charges against ChangPeng Zhao (CZ), the CEO of Binance, and revealed a potentially drastic shift in the sentencing landscape. The DOJ’s latest court filing not…
Will CZ’s $4 billion fines make Wall Street rush to Bitcoin?
In recent developments, Binance, the world’s largest cryptocurrency exchange, has agreed to pay a staggering $4.3 billion in fines and restitution to US authorities for violating anti-money laundering and sanction evasion laws. This regulatory reprimand has significant implications for the…
How is Crypto Affected by Binance’s Billion Dollar Plea Deal?
The world of crypto is controversial as it is and the most controversial institution right now is Binance and its CEO Changpeng Zhao, AKA CZ. The platform’s top executive has agreed to plead guilty to violating US anti-money laundering requirements. …
Binance CEO: Only 1% of People Can Manage Cryptocurrency Self-custody
Changpeng “CZ” Zhao, CEO of Binance, has issued a warning to the cryptocurrency community on self-custody, claiming that 99% of those who choose to do so will probably lose their cryptocurrency somehow. Self-custody Risk For years, CZ has advocated for…
Binance Co-founder CZ Says Governments Should Regulate Cryptos As Opposed to Fighting them
According to Binance CEO Changpeng Zhao, the adoption of cryptocurrencies will come regardless of how countries choose to respond to them. In his opinion, countries would do well to regulate cryptos as opposed to fighting them. Crypto Regulation Debates Are…
Binance Publishes BTC Proof Of Reserves to Reassure Customers Of Funds Safety
As promised by CZ, the CEO of Binance, the exchange has made public its proof of reserves for Bitcoin. On-chain reserves totaling more than 582,000 BTC—more than 1% of the entire amount of client deposits—back consumer funds. Proof Only Covers…
Vitalik Buterin and Binance’s CZ agree that a Blockchain-based Voting System is Needed
A new Blockchain voting system is desperately needed according Binance CEO CZ and Ethereum CEO Vitalik Buterin. According to these two crypto bigwigs the democratic electoral process in the US needs a Blockchain solution. The need to cut final tally…
Binance Report $40 million Hack!
Binance is reportedly the latest casualty of a crypto heist. Binance- one of the world’s largest crypto-currency exchanges- said hackers stole 7,000 Bitcoins worth about $40 million dollars. This enormous heist according to them was carried out via a single…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
