Changpeng Zhao has stepped down from his position as chairman of the board of directors for Binance.US, according to a Nov. 28 announcement. The resignation comes just over a week after CZ stepped down from his role at Binance Holdings as part of the exchange’s settlement with the U.S.Read more
Coinbase has revealed the U.S. Commodity Futures Trading Commission (CFTC) subpoenaed it in an unknown matter through an email sent to its users this week and obtained by CryptoSlate.
The email does not provide extensive information about what the financial regulator might be investigating.
Binance announced plans to delist Tornado Cash’s native token, TORN, on Nov. 27, closely coinciding with massive losses for the coin.
The exchange announced plans to delist TORN on Nov. 27 at 6:00 PM UTC. This coincided with a sudden loss in value for the asset, which dropped from $3.
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Last week saw a remarkable influx of capital into digital asset investment products, amounting to $346 million, according to CoinShares’ most recent data.Read more
Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, announced plans to reward users and cover losses on Nov. 24.
In a statement on X, Sun wrote:
“As HTX and Poloniex approach opening deposit and withdrawal, we will initiate an epic airdrop for users with assets.Read more
Coinbase’s COIN stock has rallied to its highest point since late April 2022 at $115, representing a 216% growth on the year-to-date metric, according to Tradingview data.Read more
Changpeng ‘CZ’ Zhao, the founder and former CEO of Binance, is contesting the U.S. Department of Justice (DOJ) motion to restrict his travel before sentencing, asserting he doesn’t pose a flight risk.
On Nov. 23, CryptoSlate reported that the DOJ moved to prevent CZ from leaving the U.S.
Binance’s recent guilty plea in the United States could impact its plans to expand into Hong Kong, the South China Morning Post (SCMP) reported on Nov. 24, citing industry experts.
On Nov. 20, Binance, the largest crypto exchange by trading volume, agreed to a $4 billion settlement with the U.S.
Former Binance CEO Changpeng Zhao briefly had his social media profile restricted on X after stepping down from his executive position.
For a short amount of time on Nov.
The U.S. Department of Justice (US DOJ) has filed a motion to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States before sentencing.
The move comes after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations on Nov.
Kraken co-founder Jesse Powell suggested that the U.S. Securities and Exchanges Commission (SEC) prioritized cases based on convenience, giving examples of the regulatory actions taken against U.S.-based entities like Coinbase, Ripple, and Kraken.
In a Nov.
The U.S. Department of the Treasury published its comments on settlements with Binance and related parties in a statement on Nov. 21.
Secretary of the Treasury Janet Yellen said:
“Binance turned a blind eye to its legal obligations in the pursuit of profit.Read more