Binance CEO Changpeng “CZ” Zhao has agreed to step down from his role at the world’s biggest crypto exchange by trading volume and plead guilty to violating criminal U.S. anti-money laundering requirements as part of a settlement with the U.S. Department of Justice. The token associated with CZ’s Binance plunged over 7% in the immediate aftermath of the report. CZ […]

Binance has named its head of regional markets outside of the U.S., Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and plead guilty to charges levied against him by the U.S. Department of Justice.  As Cointelegraph reported earlier, CZ and Binance have agreed to a plea deal with the […]

Binance founder Changpeng “CZ” Zhao has reportedly agreed to step down as CEO of his crypto exchange as the United States Department of Justice (DOJ) prepares to announce that it has secured a $4.3 billion settlement with the company. According to The Wall Street Journal, CZ intends to plead guilty to several charges levied by the DOJ. He’s scheduled to […]

The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams. In a Nov. 21 announcement, the Justice Department said the seized funds came from “scammers who stole millions from victims across the United States” and were presumably part […]

The U.S. Department of Justice (DOJ) is poised to announce a massive multi-billion-dollar settlement deal with leading crypto exchange Binance. A press briefing slated for Tuesday is expected to provide details around significant cryptocurrency enforcement moves, per Bloomberg reporting. Attorney General Merrick Garland will reportedly spearhead revelations from the DOJ alongside Treasury and CFTC heads. Few specifics have emerged, but […]

Crypto community members on X (formerly Twitter) have turned their focus to a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media following reports claiming the United States Department of Justice (DOJ) is negotiating a $4 billion settlement with the company.  On Nov. 20, a Bloomberg report citing anonymous sources said the DOJ is negotiating an […]

The Philippines’ Bureau of the Treasury is actively considering a strategic collaboration with the country’s central bank to introduce digital currency in the sale of government securities, embracing the potential advantages offered by blockchain technology. Meanwhile, the Southeast Asian nation recently achieved a significant milestone by successfully raising 15 billion pesos ($271 million) through its first-ever issuance of tokenized Treasury […]

Chainlink (LINK) continues to make airwaves based on its notable strides in the crypto market. Given that Chainlink comprises a decentralized network of nodes that offer information and data through oracles from off-chain sources to smart contracts that are on-chain, the 12th largest cryptocurrency based on the market cap is experiencing significant momentum. For instance, LINK emerged as one of […]

The United States Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a deal to resolve investigations into alleged multiple criminal violations by the world’s biggest cryptocurrency exchange and its co-founder. The proposed deal would allow Binance to continue U.S. operations. Settlement Of SEC Vs. Binance Likely End Of This Month The ongoing criminal […]