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[ad_1] Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the … Read more
[ad_1] The Indian crypto ecosystem, that has been acclaimed for showing the fastest grassroot level crypto adoption in the world, is garnering the attention of prominent international industry players. Bitget crypto trading platform, for instance, has shown an inclination in funding promising crypto startups emerging from India. The latest edition of Chainalysis’ Global Crypto Adoption … Read more
[ad_1] Giottus, an India-based crypto exchange, is trying to lure in investors on its platform with a new, pocket-friendly strategy. The exchange on Monday, October 31 announced that it will allow its users to engage in crypto trades with zero fees. This new strategy is Giottus’ way to help potential investors plan their trades with … Read more
[ad_1] Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine. Binance, the world’s largest cryptocurrency exchange, did not disclose financial details of the deal. The company said it will have no … Read more
[ad_1] Binance, reeling under the scrutiny from the US Securities and Exchange Commission (SEC), is taking measures to reorganise its business strategies. In a fresh development, the crypto exchange reportedly shut down its fiat-to-crypto platform Binance Connect on Wednesday. The platform was launched just a year ago in March 2022. Its main aim was to … Read more
[ad_1] The Huobi crypto exchange has stirred stress among members of the crypto industry, many of whom now speculate that the exchange could be looking at an insolvency situation. A number of factors have contributed to the rumours that indicate that the exchange is under grave financial distress. This includes millions worth of outflows from … Read more
[ad_1] Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, on Tuesday, said he never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him. In a letter to US District Judge Lewis Kaplan in Manhattan, Bankman-Fried said prosecutors mischaracterised his intentions in giving a … Read more
[ad_1] XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums. The price of XRP popped 78 percent after a U.S. judge ruled on July 13 that issuer Ripple Labs’ sales of the token on public exchanges didn’t violate securities law, and it’s still … Read more