BTC just hit $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are buying.
In his first public interview since getting the job last month after founder Changpeng "CZ" Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that mistakes were made. But Teng, who has held senior positions at Binance for several years, refused to give answers about the company’s governance.
With Binance founder Changpeng "CZ" Zhao gone, the new CEO has big shoes to fill as he's tasked with cleaning up the reputation of the world's largest crypto exchange.
The regulator is also seeking to have the platform blocked in the country.
According to Arthur Hayes, global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America.
The former BitMEX CEO said the record-breaking penalties against Binance represent an institutional bias against the transformative impact of cryptocurrency and blockchain technology.
U.S. argues that Binance's former CEO should remain free until sentencing – but only in the U.S.
Binance founder and former CEO Changpeng Zhao should be allowed to return to the UAE, where he is a citizen and lives, ahead of his February sentencing, his lawyers said, pushing back against a U.S. Department of Justice filing asking he not be allowed to leave the country.
The crypto exchange Binance's expensive deal with U.S. prosecutors this week bears harsh consequences, but could mean a positive outlook for the company in the long term.
Bitcoin is due to spend some time ranging before an “impulse” move ensues, bullish BTC price analysis predicts.
Community members compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, as its CEO was also forced to step down.
We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said.
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 Justice and Treasury Department in parallel actions on Tuesday.
The house that CZ built will now be helmed by its head of regional markets, as the U.S. Department of Justice has barred the former CEO from his position.
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 Department's money laundering and sanctions watchdogs, according to press releases shared Tuesday.
Richard Teng takes over as CEO of the world's largest crypto exchange.
A resolution could come as soon as the end of this month, Bloomberg reports.