Business Financial News

22.11 / 09:45

business Binance AML CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’

Former Binance CEO Changpeng “CZ” Zhao stepped down from the role on Nov. 21 after pleading guilty to violating Anti-Money Laundering laws. He then issued a statement via a messaging platform to the company.

22.11 / 09:45

business Blockchain Gemini Court Bitcoin Crypto lender Genesis Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’

Bankrupt crypto lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini to recover $689 million in preferential transfers, according to a Nov. 21 court filing.

22.11 / 09:45

business hacks Mt. Gox Bitcoin Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email

Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have reportedly received a new email hinting at soon-to-come repayments.

22.11 / 03:03

business Stablecoin wallet Self Custody New Zealand dollar stablecoin goes live through local crypto exchange

A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys.

22.11 / 00:57

business Law Binance regulation CZ released on $175M bond, could return to Dubai

Binance founder Changpeng “CZ” Zhao will pay a $175 million release bond and agree to return to the United States 14 days before his Feb. 23, 2024 sentencing — possibly allowing him to return to Dubai.

21.11 / 23:23

business Binance regulation Breaking: Binance’s CZ to plead guilty to violating Anti-Money Laundering requirements — WSJ

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.

21.11 / 23:23

business Binance regulation coinbase Money Transfers Binance charges prove ‘following the rules’ was the right decision — Coinbase CEO

Brian Armstrong, CEO of crypto exchange Coinbase, thinks that his company made the right decision to comply with United States money transmitter licensing laws.

21.11 / 17:21

business Microsoft NVIDIA OpenAI Microsoft, Salesforce, and Nvidia swoop in to hire OpenAI employees as walkout threats increase

OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy.

21.11 / 17:21

business Adoption ETF regulation Grayscale Bitcoin Bitcoin Price Spot Bitcoin ETF: Why this time is different

A wave of optimism around the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has ignited bullish price action in the crypto market in recent weeks.

21.11 / 15:23

business Mining SEC lending Celsius reorganization Celsius entity to focus only on mining under proposed reorganization plan

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).

21.11 / 14:00

business Stablecoin regulation Tether Court Tether’s bank partner Britannia sued over $1B deposit: Report

Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether.

21.11 / 11:31

business regulation SEC Kraken Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler

The crypto space has been making its feelings known about a lawsuit filed by the United States Securities and Exchange Commission (SEC) against the crypto exchange Kraken.

21.11 / 11:30

business Adoption MicroStrategy Top crypto place CZ, Buterin, Dorsey top crypto social media popularity charts as SBF clings to 10th place

A mix of highly influential and controversial entrepreneurs make up the latest list of the ten most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng ‘CZ’ Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing

21.11 / 06:47

business Binance regulation Altcoin SEC Department Of Justice Binance Coin BNB pops after report that DOJ wants $4B settlement with Binance

BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company.

21.11 / 06:47

business Law regulation SEC Kraken Court Kraken co-founder slams ‘decel’ SEC, warns others should flee US

Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations.

21.11 / 06:47

business Law PayPal Apple P2P Payments Apple sued for blocking crypto tech for P2P payments

Disgruntled consumers have filed a class-action lawsuit against Apple claiming the tech giant has conspired to limit peer-to-peer payment options on its devices and block crypto technology from iOS payments apps.

21.11 / 02:33

business Blockchain regulation coinbase us government Court Tornado Cash Support Blockchain Association files support in suit to lift Tornado Cash sanctions

The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.

20.11 / 23:27

business regulation SEC Kraken SEC sues Kraken alleging it's an unregistered exchange, mixes user funds

The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator.

20.11 / 22:38

business Trading Bittrex Bittrex Global announces all trading will be disabled as it winds down operations

Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations, starting with the suspension of trading activity on Dec. 4.

20.11 / 22:38

business CBDC Digital Currency Cambodian digital currency bakong amps up use case with Alipay agreement

The bakong, a digital currency operated by the National Bank of Cambodia (NBC), will provide users with access to the Alipay merchant network and enable cross-border transactions on Alipay+ using QR codes under a memorandum of understanding (MoU) signed at the FinTech Expo in Singapore, the local press reported.

20.11 / 20:13

business Microsoft Tencent NVIDIA IBM OpenAI Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle

Microsoft (MSFT) stocks hit an all-time high of $378.81 on Nov. 20 on the back of a tumultuous weekend for the AI sector involving the ousting of OpenAI CEO and co-founder Sam Altman. Not to be outdone, Nvidia (NVDA) stocks also reached an all-time high of $499.60, continuing a trend that’s seen its shares rise from a one-year low of $138.84.

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