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   Business News    Financial News   Financial News

  Posted by u/ 10 months ago

Senator Cynthia Lummis Slams SEC for its ?Ruling by Enforcement? Approach Following Kraken Lawsuit

Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation.

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  Posted by u/ 10 months ago

BNB Records Uptick Following Reports of Potential $4 Billion Settlement With the DOJ

BNB has surged over 7% in the last 24 hours after reports of Binance being involved in a potential $4 billion settlement with the United States Department of Justice (DOJ).

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  Posted by u/ 10 months ago

Kraken Co-Founder Slams US SEC, Says the ?Top Decel? Is Back With Another Assault

Powell urged crypto firms that cannot afford such issues with the SEC to exit the "US warzone."

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  Posted by u/ 10 months ago

Tether?s $1 Billion Deposit With Britannia Financial Subsidary At Center of Legal Battle in London?s High Court

Tether's deposit of over $1 billion with a financial services firm has come under scrutiny in London's High Court.

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  Posted by u/ 10 months ago

Today in Crypto: 11 Former Revolut, Spotify, and Coinbase Leaders Unveil Zeal Wallet, Ondo Finance Launches Tokenized US Treasury Product on Injective

Get your daily, bite-sized digest of crypto and blockchain-related news ? investigating the stories flying under the radar of today?s news.

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  Posted by u/ 10 months ago

CZ to Step Down, Binance to Pay $4.3b in a Settlement with DOJ: Reports

After 6 years in charge and a lengthy DOJ investigation, Changpeng Zhao (CZ) will reportedly no longer lead the world?s largest cryptocurrency exchange.

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  Posted by u/ 10 months ago

Chinese Police Warn of Rise in CBDC-themed Money Laundering Schemes

Chinese police say there has been an increase in CBDC-themed money laundering schemes as the digital yuan rollout continues.

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  Posted by u/ 10 months ago

Bittrex Global Announces Winding Down of Operations

Bittrex Global to halt trading operations globally on Dec. 4, due to legal settlement with SEC and regulatory challenges.

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  Posted by u/ 10 months ago

Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty

Binance has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng 'CZ' Zhao pleaded guilty to money laundering violations.

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  Posted by u/ 10 months ago

Michael Saylor?s a fan, but Frisby says bull run needs a new guru: X Hall of Flame

Bitcoiner Dominic Frisby counts Michael Saylor as a fan? but says we need a new Bitcoin evangalist & narrative to propel the next bull run.

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  Posted by u/ 10 months ago

Polymarket Traders Betting on Sam Altman's Fate Have Become Bipolar

24 hours ago, prediction markets were almost certain that Altman wouldn't be back as OpenAI's CEO. Now the market's answer to that question has changed twice.

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  Posted by u/ 10 months ago

Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.

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  Posted by u/ 10 months ago

New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live

Blast boasts prominent investors Paradigm and eGirl Capital among others, but there?s no way to withdraw funds until February.

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  Posted by u/ 10 months ago

Crypto Exchange Bittrex Global to Shut Down

All trading on the platform will be disabled on Dec. 4, several months after Bittrex's U.S. arm filed for bankruptcy and stopped operations.

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  Posted by u/ 10 months ago

Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures

The country hopes to align local requirements with those proposed by international banking regulators.

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  Posted by u/ 10 months ago

Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

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  Posted by u/ 10 months ago

Bitcoin Faces Headwinds as ETF Optimism Stalls; DOGE, SOL Give Back Gains

Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.

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  Posted by u/ 10 months ago

Fed Minutes Release May Be a Non-Event for Bitcoin

The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic data and resulting expectations for renewed interest-rate cuts in 2024.

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  Posted by u/ 10 months ago

Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America

AI has the potential to improve productivity and enhance bank returns, the report said.

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  Posted by u/ 10 months ago

Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed

Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.

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  Posted by u/ 10 months ago

First Mover Americas: SEC Sues Kraken; Binance Faces $4B Settlement

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 21, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ 10 months ago

AVAX Ecosystem to Get $10M Boost from Avalanche Accelerator Colony Lab

Colony Lab will set up a network validator and invest in an index that tracks prominent Avalanche projects.

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  Posted by u/ 10 months ago

Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ

The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.

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  Posted by u/ 10 months ago

Wintermute Asia Processes Its First Options Block Trade Through CME Group

The market maker partnered with CME Group to meet the growing institutional investors' interest in gaining exposure to digital assets.

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  Posted by u/ 10 months ago

'We Are Prepared to Go to the Mat:' ENS Founder on Patent Dispute With Unstoppable

ENS Founder Nick Johnson told CoinDesk he?s unhappy with Unstoppable Domains's patenting of work that he claims he produced and published earlier.

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  Posted by u/ 10 months ago

Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle

Richard Teng takes over as CEO of the world's largest crypto exchange.

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  Posted by u/ 10 months ago

Bitcoin Buffeted Then Bounces on Binance/U.S. Settlement Report

Hurting the mood on Tuesday morning was the DOJ announcement of significant cryptocurrency enforcement actions to come later this afternoon.

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  Posted by u/ 10 months ago

Crypto Industry Goes Nuclear With Uranium-Linked Tokens

Uranium3o8 is offering yellowcake-backed tokens on Uniswap through a partnership between Canadian firm Madison Metals and Sainmiguel Investments.

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  Posted by u/ 10 months ago

'Buy the Rumor, Buy the News,' on Spot BTC ETF, Says One Expert, While Another Warns on Coinbase

With two months to go before the U.S. Securities and Exchange Commission (SEC) faces another set of deadlines to decide on a large number of applications to form spot bitcoin exchange traded-funds (ETFs), analysts are speculating on how approval of such vehicles would impact the crypto industry.

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  Posted by u/ 10 months ago

?They?re Playing a Game?: What New Yorkers Think of the SEC?s War Against Crypto

After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.

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  Posted by u/ 10 months ago

After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent

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  Posted by u/ 10 months ago

Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says

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  Posted by u/ 10 months ago

Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs, according to press releases shared Tuesday.

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  Posted by u/ 10 months ago

What's Next for Ex-Binance CEO CZ? Passive Investing, DeFi

The former Binance CEO will remain a shareholder and a consultant for the company.

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  Posted by u/ 10 months ago

Binance, Changpeng 'CZ' Zhao Handing Over Record $1.35B Fine in CFTC Settlement

Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions on Tuesday.

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  Posted by u/ 10 months ago

Binance's CZ and the End of the 'Borderless' Crypto Company

We probably will never see another company quite like Binance. Crypto itself might be borderless, but crypto companies are not beyond the reach of US law.

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  Posted by u/ 10 months ago

Binance Founder Changpeng 'CZ' Zhao Released on $175M Bond, Will Be Sentenced in February

Binance founder and former CEO Changpeng "CZ" Zhao has been released from custody on a $175 million personal recognizance bond.

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  Posted by u/ 10 months ago

Binance's Busy Day, Kraken's Second SEC Fight

Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from the U.S. Securities and Exchange Commission that echoes the SEC's previous wave of suits.

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  Posted by u/ 10 months ago

Is Binance Big Enough to Survive a $4.3B Fine and Founder CZ?s Ousting?

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  Posted by u/ 10 months ago

Bitcoin and BNB Recover as Binance Plea Seen Boosting Spot ETF Odds

Some observers believe Binance's downfall has boosted the spot-ETF approval odds.

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  Posted by u/ 10 months ago

Over $200M in Crypto Futures Bets Liquidated as Bitcoin Slumped Under $36K on Binance Settlement

The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets.

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  Posted by u/ 10 months ago

Sam Altman to Return as OpenAI CEO Following In-Principle Agreement

"I?m looking forward to returning to openai, and building on our strong partnership with msft (Microsoft)," Altman said in a post early Wednesday.

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  Posted by u/ 10 months ago

Crypto?s Dark Horses: Two Lesser-Known Cryptocurrencies Set to Rival Solana (SOL)?s Performance (SOL, SPCT, SAND)

Dive into the world of crypto's hidden potentials with VC Spectra (SPCT) and The Sandbox (SAND), poised to challenge Solana?s (SOL) impressive performance.

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  Posted by u/ 10 months ago

PancakeSwap Proposes To Launch veCAKE To Increase Governance Influence And Liquidity

PancakeSwap is gearing up for a transformative move with the proposed introduction of vote-escrowed CAKE (veCAKE) and voting gauges.

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  Posted by u/ 10 months ago

Zeal Crypto Wallet Launch by Ex-Revolut Trailblazers Alters Digital Finance!

Former Revolut employees are stepping into the competitive digital-wallet arena with Zeal crypto wallet launch, a solution aimed at providing users with a secure means to manage crypto assets and engage with decentralized applications.

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  Posted by u/ 10 months ago

DOJ Cryptocurrency Enforcement Actions Will Cause Market Volatility Today

In a significant development, the US Department of Justice is set to unveil DOJ cryptocurrency enforcement actions today at 3:00 PM ET

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  Posted by u/ 10 months ago

Binance Settlement Charges Are Coming Soon, Making Investors Excited

The Binance settlement charges are a focal point in the DOJ investigation, with an official announcement expected by the end of this month.

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  Posted by u/ 10 months ago

Future3 Campus and TON Foundation Announce Bootcamp for Mini-App Builders in Telegram?s Web3 Ecosystem

Zug, Switzerland, November 21st, 2023, Chainwire Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON?s Web3 ecosystem in Telegram. The 15 selected teams may receive support for integrating into TON?s Web3 ecosystem and stand a chance to […]

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  Posted by u/ 10 months ago

Binance CEO Resignation Will Cause Shock After $4B Settlement With DOJ

The Binance CEO resignation, which also involves the CFTC, pertains to a criminal case encompassing allegations of ransomware money laundering, bank fraud, and sanctions violations.

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  Posted by u/ 10 months ago

Binance Fine For US Goverment Is $4.3 Billion

The Binance fine for US government includes settlements for civil charges brought by regulators. The resolution involves a substantial penalty for Binance, although the exact amount remains unspecified.

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