On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse. Per Nikhilesh De’s X thread, the proceedings began with […] Source: https://news.bitcoin.com/former-binance-boss-changpeng-zhao-sentenced-to-4-months-in-jail/
Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond. Source: https://cointelegraph.com/news/changpeng-zhao-binance-sentenced-prison
Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison Tuesday, punished after pleading guilty to money laundering violations last year. Zhao founded Binance in 2017, and under his leadership, the company grew into crypto’s largest exchange by trading volume—cementing Zhao’s presence as a key business figure in the nascent crypto industry. But the former CEO was…
Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes. Source: https://cointelegraph.com/news/roger-ver-tax-fraud-charges
Authorities in Spain have arrested cryptocurrency entrepreneur Roger Ver, once known as “Bitcoin Jesus,” after the U.S. Department of Justice charged him with tax evasion. Unsealed yesterday, the indictment alleges that Ver evaded paying taxes to the tune of nearly $50 million, conducted mail fraud, and filed false tax returns. This is a breaking story and will be updated. Stay…
The integration brings instantaneous transfers on the layer-2 Lightning Network to the world’s biggest Bitcoin exchange. Source: https://cointelegraph.com/news/coinbase-integrates-lightning-network-bitcoin-transactions
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The price of Bitcoin plunged to nearly $60,000 per coin on Tuesday afternoon, prompting liquidations for the positions of those betting on the price of the…
Switzerland-based Backed has successfully closed a $9.5 million fundraising round, with Gnosis leading the investment charge. According to one asset management company’s forecast, the tokenized real-world asset market could reach a staggering $10 trillion by the decade’s end. Backed, a tokenized asset issuer, announced on Tuesday that it secured $9.5 million in funding, with Gnosis at the helm of the…
The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January. Source: https://cointelegraph.com/news/hong-kong-bitcoin-ether-etfs-attract-200m-day1
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate. State Duma to Enact Ban […] Source: https://news.bitcoin.com/russia-to-enact-a-ban-on-domestic-operations-of-cryptocurrency-exchanges/
