Changpeng Zhao Release Causes Dip of BTC & BNB tokens
On September 27, Changpeng Zhao was released early from custody, and the price of Bitcoin and Binance BNB tokens declined since the beginning of the trading day. Zhao was the 24th richest individual in the world at the time, with a net worth of approximately $61 billion as of June 2024, according to a previous […]
Breaking: Binance Changpeng Zhao is Freed from US prison
Changpeng Zhao (CZ), the founder and former CEO of Binance, was released from a federal prison in the US on September 27 after serving a four-month sentence. According to a Nov. 21 statement from the US Department of Justice, CZ pleaded guilty to federal charges in November for failing to implement adequate AML controls at […]
Sorare Charged with Unauthorized Gambling in UK
Sorare, a fantasy sports company, has been accused of providing unauthorized gambling services in the United Kingdom. Sorare, a fantasy sports company, has been accused of providing unauthorized gambling services in the United Kingdom. This is the first action the Gambling Commission has ever taken against a blockchain-based virtual casino platform. The company, headquartered in […]
Binance Conducts Internal Review Since CZ’s Arrest
Binance has declared that compliance is its primary concern following Changpeng Zhao’s indictment. The impact of a prospective Binance failure on the markets would be difficult to predict. With over 200 million users and $100 billion in assets on its platform, the exchange is the residence of 36% of all crypto holders worldwide. Binance Conducts […]
Leveraged MicroStrategy ETFs Exceed $400M in Assets
Retail investors seeking exposure to Bitcoin’s volatility drove leveraged MicroStrategy ETFs to surpass $400 million in net assets. Retail investors seeking exposure to Bitcoin’s volatility were the primary factor driving the increase in net assets of leveraged MicroStrategy ETFs, which surpassed $400 million. In August, Defiance ETFs unveiled a leveraged MSTR ETF, and in September, […]