The U.S. Department of Justice (US DOJ) has taken action to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States before his sentencing. This move comes after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations and agreed to pay a staggering $4.3 billion to settle
Exchanges
The imminent closure of Bittrex Global, a well-known cryptocurrency exchange, has had a significant impact on the price of Bitcoin (BTC). According to data from the exchange’s website, the BTC/US Dollar pair surged to an astonishing $46,300 before retracing to $44,613 at the time of writing. This price is significantly higher than the current average
In a shocking turn of events, Binance CEO Changpeng Zhao, commonly known as CZ, has reportedly pled guilty to violating U.S. anti-money laundering requirements. This startling news comes alongside reports that Binance itself will also plead guilty to money laundering violations. As a result, CZ will be stepping down from his role at the exchange,
Bittrex Global, a popular cryptocurrency exchange, recently delivered a significant blow to its users by revealing its decision to wind down most of its operations. This unexpected announcement has left many customers feeling disappointed and inconvenienced. As of December 4th, Bittrex Global will disable all trading activity on its platform and terminate its client relationships.
The South Korean National Pension Service (NPS) has made a significant profit of 40% from its recent investment in Coinbase, a leading cryptocurrency exchange based in the United States. This comes as a surprise, as the NPS typically avoids direct investments in cryptocurrencies due to their volatile nature. Instead, the fund seeks exposure to the
