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The Latest Breaking News from Binance

Binance crypto exchange founder to step down amid US illicit finance probe

US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.

Al Jazeera

Binance CEO Zhao to step down, plead guilty to settle US investigation

The CEO of Binance, Changpeng Zhao, has pleaded guilty to criminal charges, and has stepped down from the world's largest cryptocurrency exchange. Binance will pay more than $4 billion to the US government and admit wrongdoing, after it was accused of operating as an unregistered securities exchange among other violations…

France 24

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

WEKU

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Binance BNB token drops on criminal charges, Bitcoin and broader crypto market dip slightly

Binance CEO Changpeng “CZ” Zhao is expected to step down and plead guilty to criminal charges.

Fortune

World’s largest cryptocurrency exchange to pay over $4 billion in agreement with US, AP source says

The world’s largest cryptocurrency exchange has agreed to pay more than $4 billion as part of an agreement with the U.S. government

The Independent UK

Justice Department charges Binance, CZ

The long-awaited action could spell the end of Binance’s presence in the U.S.

Fortune

Binance, CEO Zhao to plead guilty in US settlement: report

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao agreed to plead guilty to criminal and civil charges under a deal worked out with the Justice Department, according to the Wall Street Journal.

Evening Standard

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What's behind Binance's rumored $4 billion settlement

A new rumored settlement between Binance and the agency suggests the company and its CEO are not going anywhere.

Fortune

Binance is launching an exchange in Thailand with a Thai energy mogul who’s worth $10.6 billion

Sarath Ratanavadi is the second-wealthiest individual in Thailand, according to the Bloomberg Billionaires Index.

Fortune

What’s the deal with Hamas and crypto?

Tether, not Bitcoin, seems to be the new global center of gravity for illicit financing networks.

Fortune

Sam Bankman-Fried is guilty, and the industry he helped build wants to move on

As Sam Bankman-Fried prepares to go to prison for one of the largest financial frauds in history, the cryptocurrency industry is looking ahead to a future without its former "golden boy."

WEKU

Top 6 Platforms Sell My Bitcoin for Cash Today

It is easy and fast to sell my Bitcoin for cash when you’re using the right platform. However, it can be overwhelming, especially if you are new to crypto.

inkl

Was crypto on trial with Sam Bankman-Fried?

Binance and Coinbase are under investigation – but bitcoin was trading at highest value in a year as FTX founder convicted of fraud

The Guardian - US

PayPal discloses it was subpoenaed by the SEC over recently launched stablecoin

The payments firm launched the stablecoin in August.

Fortune

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The Guardian - US

Sam Bankman-Fried’s fraud trial testimony: six key takeaways

FTX founder, once the darling of Washington and Silicon Valley, blamed his ex-girlfriend and said ‘I do not recall’ a lot

Fortune

Coinbase now lets smaller investors in the U.S. trade Bitcoin and Ethereum futures

The crypto exchange adding futures to its stateside crypto products follows the launch of its exchange in Bermuda.

The Independent UK

Sam Bankman-Fried on the stand: ‘A lot of people got hurt’

Disgraced crypto entrepreneur admits mistakes were made in FTX’s collapse but denies he’s a crook

Zenger

CASA CEO Raises Concerns Over Unusual Activities At Binance And Binance.US

Bitcoin self-custody firm CEO urges caution as reports of questionable practices emerge

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Fortune

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Zenger

False SEC Approval Rumor Causes Cryptocurrency Market Dive

Major cryptocurrencies plummet after fake news about BlackRock's spot bitcoin ETF approval circulates.

Zenger

Israel Cracks Down On Hamas’ Crypto Access, Seizes Millions

Dozens of cryptocurrency accounts closed and funds seized as Israel intensifies efforts to disrupt Hamas' crypto operations.

Fortune

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

Newsroom.co.nz

Don't throw the crypto baby out with the mercenary bathwater

The Reserve Bank is preparing for the day when cryptocurrency goes mainstream in New Zealand but there are plenty of sceptics who doubt the benefits of digital assets. Ben Rose argues the case for moving forward.

Zenger

Bitstamp To Exit Canadian Market As Cryptocurrency Exchange Shake-Up Continues

Luxembourg-based exchange discontinues services for Canadian customers, plans to refocus on regions with favorable regulations.

Kiplinger

What Cryptocurrency Is and How Bitcoin Works

Now is the time to gain basic knowledge about cryptocurrency and bitcoin – before you put your hard-earned money to work in a high-risk space.

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