Changpeng Zhao was quick to refute any implications of a collaboration, clarifying that the photo was taken during a chance encounter and that no conversation had occurred between the two. In a direct response, he stated, 'This is exactly how NOT to use a selfie with me.'
As of July 18, Binance held WRX tokens worth around $80 million
Changpeng Zhao, founder and former CEO of Binance, was sentenced to four months in prison on Tuesday. He will go down in history as the richest person to be imprisoned in the US.
The world’s biggest cryptocurrency has risen over 125 percent since January as the US Securities and Exchange Commission has signalled potential approval of Bitcoin spot exchange-traded funds.
The regulatory settlement, one of the largest in financial history, underscores the increasing scrutiny on crypto exchanges and sets a precedent for future action against similar entities.
The crypto exchange was charged with operating an unlicensed money transmitter business, conspiring, and breaching sanction regulations, among others.
Changpeng Zhao's departure a year after FTX's issues, adds challenges to global crypto regulation talks.
The deal, which will include charges against individuals and resolve allegations the company violated illicit finance and money-laundering laws, involves multiple US agencies: the Justice Department, the Commodity Futures Trading Commission (CFTC) and the Treasury Department's Financial Crimes Enforcement Network, the source said.
The company and its CEO Changpeng Zhao have been under pressure since last month after a lawsuit from the U.S. Securities and Exchange Commission accusing Binance of operating a "web of deception".
Two US financial regulators are suing Binance and reports say the Justice Department is also probing the firm and its boss, Changpeng Zhao, over money laundering and sanctions busting.
The US Securities and Exchange Commission has been on a quest to crack down on digital currencies, more so after the fall of crypto exchange FTX.
The outcome may help shape the future of the crypto industry as its major players grapple with the pressing dilemma of the day: whether to resist increasingly aggressive efforts by the US government to bring the industry into compliance with financial laws, or cooperate in an attempt to salvage operations in the world’s largest economy.
Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd, according to records for the quarter, which were reviewed by Reuters.
In its latest blog, Binance said, “It is in the interests of Binance and the public that Zanmai is not permitted to perpetuate false narratives on the basis of their use of Binance’s wallet services. We view such false claims as an attempt to shift the responsibility over WazirX’s operations to Binance.”
Additionally, the report indicates that 90% of WazirX’s reserves are held in Binance wallets.
The first book suggested by Binance CEO Changpeng Zhao gives an insight into North Korea's dangerous cyber-criminals, the Lazarus Group, who hacked Hollywood and the world. The second...
On Tuesday, blockchain data firm Nansen said that Binance had seen withdrawals of $1.9 billion in the last 24 hours and that the exchange said it "temporarily paused" withdrawals of the USDC stablecoin.
"From day 1 of the Binance ICO (5 years ago), there were FUD (fear, uncertainty, and doubt) sponsored by a large exchange then (now very small)," founder and CEO Changpeng Zhao said.
Sam Bankman-Fried was arrested in the Bahamas, where he had made his base, on a request by US prosecutors.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
The course is supported by Binance founder and CEO Changpeng Zhao who is also offering scholarships.
Binance CEO Changpeng Zhao said, "I've been a Canadian for 30 years."
Binance CEO Changpeng Zhao said, "At the time of this tweet Binance had 5,900 people. Today we have more than..."
“To be honest, I don’t think India is a very crypto-friendly environment,” Changpeng Zhao, co-founder and CEO of crypto exchange Binance, said
Binance CEO Changpeng Zhao announced the formation of a industry recovery fund to help projects that, like FTX, are facing liquidity crisis.