CZ

This week's crypto roundup highlights several key developments, including DBS Bank's plans to launch Bitcoin and Ethereum options trading, Bhutan's $780M Bitcoin holdings, and Ethereum's resurgence after hitting a low of $2,000.  Bitget secures a multi-million dollar La Liga partnership, while Chiru Labs expands into anime by acquiring Anime.com. Additionally, Binance founder CZ receives a reduced sentence, and Prager Metis settles with the SEC for $1.95M over FTX audit failures. Bitcoin  DBS, Singapore's largest bank, is launching over-the-counter Bitcoin and…

Binance founder Changpeng Zhao is set for early release from US prison after serving a reduced sentence for breaching anti-money laundering laws, raising questions about his future role in the crypto industry. Early Release and Its Implications Changpeng Zhao, the founder and former CEO of Binance, is set to be released from the Long Beach Residential Reentry Management (RRM) on September 29, as per the US Federal Bureau of Prisons (BOP). Zhao, widely known as CZ, was sentenced to three…

The post Binance Bans CZ for Life After $50M Fine and Jail Time – What’s Next? appeared first on Coinpedia Fintech News Binance founder and former CEO Changpeng Zhao a.k.a CZ has been banned from Binance for lifetime. Initial reports suggested that this ban would be for three years however, news from Axios says otherwise. This ban will prevent CZ from returning to his leadership position at Binance. Authorities charged CZ with multiple violations related to Binance’s operations in the…

The post Is Binance Former CEO Changpeng Zhao (CZ) Out Of Jail? appeared first on Coinpedia Fintech News Former Binance CEO Changpeng Zhao (CZ) has been moved from prison to the RRM Long Beach halfway house in California. However, X users and numerous crypto firms have mistakenly interpreted this news as an early release for Zhao.  Zhao To Be Released In September CZ was initially being held at FCI Lompoc II prison, also in California. Zhao, who began serving his sentence in…

The post Binance and CZ Accused of Laundering Stolen Assets appeared first on Coinpedia Fintech News Binance, the world’s largest cryptocurrency exchange is in hot water once again. The company and its former CEO, Changpeng Zhao also known as CZ, are facing a new class action lawsuit in the U.S. The lawsuit is filed in the Western District of Washington, Seattle. This lawsuit accuses Binance of helping criminals launder stolen cryptocurrency, making it nearly impossible to trace. This isn’t the…

BNB hit an all-time high of $725 amid founder CZ’s prison sentence.  Zhao’s net worth reached $38.5 billion, making him the richest person to serve time in a US federal prison. Binance Coin (BNB), the native token of Binance, the world’s largest cryptocurrency exchange, reached an all-time high of $725 recently. This milestone coincides with the first week of the exchange’s founder, Changpeng Zhao (CZ), serving a four-month prison sentence in the United States. Despite Zhao’s legal issues, BNB’s market…

The post Justin Sun’s Idol Is A Mix Of CZ And Vitalik  appeared first on Coinpedia Fintech News In an interview that lasted about two and a half hours with Hua Zong, Justin Sun discussed various topics, from coconut chicken to making money. He discussed the need for new regulations in the industry. When asked if making money was the only criterion to measure success, he revealed that it was an indicator for entrepreneurs. If the enterprise makes a lot…

Changpeng “CZ” Zhao’s prison sentence start is delayed due to due process under the Fifth Amendment. Legal complexities and the right procedures need to be followed, as mandated by U.S. law. Following BREAKING news by CNF, Binance Founder Changpeng “CZ” Zhao has been sentenced to four months in prison. Despite this recent sentencing on April 30, 2024, by a U.S. district judge in Seattle, Zhao has yet to begin his sentence. This delay is attributed to the legal processes and…

After battling the bear trend for weeks, Bitcoin (BTC) is bouncing back again, surging past the $62K key resistance zone to signal the resurgence of the bulls. This is coming at a time when the founder of the world's largest crypto exchange, Changpeng Zhao, is heading to prison for money laundering. While analysts thought the sentencing of the former Binance CEO would send ripples to the market, the former has been the case with the market booming.  In another development,…