Binance

Binance founder and former CEO – Changpeng Zhao a.k.a CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In the first tweet following the sentencing, CZ revealed his intention to remain a passive investor and holder in the crypto industry while simultaneously highlighting the importance of compliance in the industry. CZ Reacts In his final tweet before beginning his four-month prison sentence, CZ expressed gratitude to his…

Shiba Inu (SHIB), the meme coin with a loyal following, experienced a whirlwind of activity in the Japanese market this week. The catalyst? The listing of a new SHIB/JPY trading pair on Binance Japan, a move that initially sent the price soaring. Shiba Inu Soars On Binance Listing, But Briefly On April 30th, Binance Japan announced the addition of the SHIB/JPY pair to its spot trading platform. This move provided Japanese investors with a convenient way to trade SHIB directly…

Binance founder Changpeng “CZ” Zhao has been sentenced to four months in prison for violating US anti-money laundering laws. US prosecutors were pushing for a longer sentence “to reflect the seriousness of the offence,” but Judge Richard Jones said CZ’s behaviour was mitigating and positive. Binance founder and former CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for failing to implement sufficient anti-money laundering protections while at the helm of the exchange. Judge Richard A. Jones…

In a significant development for the crypto industry, Changpeng Zhao, commonly known as CZ, the founder of Binance, the world’s largest cryptocurrency exchange, has been imprisoned for four months.  The sentencing follows his guilty plea to charges related to enabling money laundering activities within his crypto exchange. The verdict was delivered in Seattle federal court and marks the culmination of US authorities’ multiyear investigation into Binance. Lighter Sentence For Binance Founder The sentence handed down to Zhao was notably less…

Binance’s dominance in Bitcoin trading outside the U.S. is dwindling as offshore exchanges expand their reach and regulatory landscapes evolve, reshaping the competitive dynamics of the digital asset industry. According to data from Kaiko, Binance, once dominating Bitcoin trading markets outside the U.S., has witnessed a decline in its share of BTC trading over the past year, dropping from 81.3% to 55.3%. Binance Loses Global Market Share Similarly, Binance’s proportion fell from 58% to 50.5% for smaller tokens and altcoins.…

Amidst struggles with ETF launches, Bitcoin's price has recently plunged 7% to around $62,383. BNB, despite stablecoin airdrop trends, faces a decline to $538. Meanwhile, MileiMoneda ($MEDA) has become one of the best altcoins by merging humor, politics, and blockchain to offer real-world utility and profits. Economize Like Milei: Invest in $MEDA! Bitcoin's (BTC) Price Dips Amid ETF Struggles The price of Bitcoin (BTC) has dropped approximately 7% over the past week and has fallen around the $62,383 level in…

The US Department of Justice has filed a sentencing memo in the lawsuit against Changpeng Zhao, recommending an extension of the sentence to three years.  According to the filing, Zhao was aware of all the illegal transactions facilitated on the platform and even encouraged it.  Last year, Binance Founder Changpeng Zhao (CZ) was made to step down as the CEO of the largest crypto exchange by trading volume, after pleading guilty to breaking U.S. anti-money laundering laws. His decision was…

Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he described as “poor decisions” and has taken “full responsibility” for his actions. Meanwhile, Binance co-founder He Yi said that while he acknowledges that CZ may have made mistakes, his biggest one was ignorance. CZ Issues Apology and Appeals for Second Chance Following his November 2023 settlement of charges with the U.S. Department of Justice (DOJ), Changpeng Zhao (CZ) is scheduled for sentencing on April 30. The…

The post Castula Network Promises Impressive ROI As Injective and Binance Coin Gear Up For Bull Run appeared first on Coinpedia Fintech News Decentralized finance is approaching a revolution. While established players like Injective (INJ) and Binance Coin (BNB) navigate the post-Bitcoin halving, a new contender has emerged, called Castula Network. Castula Network (CNK) promises to break the complexity barrier that has long stunted mainstream DeFi adoption. With its innovative approach and unending commitment to user-friendliness, Castula Network is well…