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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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…
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.
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.
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…
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.
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…
‘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.
'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…
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.
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.
Binance to Pay $4.3B to Settle U.S. Accusations; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle
The DOJ will hold a press release later today to announce the settlement.
'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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.