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The Latest Breaking News from Crypto

Binance saw $800 million in outflows after news broke of Changpeng Zhao’s plea deal. Experts say it could have been much worse

The company saw $800 million of outflows in some of the largest cryptocurrencies over the past day.

Fortune

Changpeng Zhao: another crypto king is dethroned by America’s courts

Weeks after the Bankman-Fried trial, the billionaire founder of the largest cryptocurrency exchange has been fined $50m and resigned

The Guardian - UK

Another one bites the dust: Binance CEO quits as both he and the company plead guilty to money laundering charges and accept whopping $4.3 billion fine

Changpeng Zao founded the company in 2017, and it's since become the world's largest crypto market.

PC Gamer

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Binance avoided a death sentence—but the slow bleed is yet to come

The long-awaited settlement with the crypto exchange avoided FTX territory.

Fortune

Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

After days of turmoil at OpenAI, co-founder Sam Altman to return as CEO

After days of turmoil at OpenAI, ousted leader Sam Altman is to return as CEO. The San Francisco-based company issued a statement late on Tuesday saying an agreement had been reached in principle with Altman to take back his role with a new board. Also in this edition, the head…

France 24

Bitcoin,Ethereum,Dogecoin Tumble After Binance CEO Changpeng Zhao Resigns,Pleads Guilty To Felony Charge

Major cryptocurrencies experienced a downturn on Tuesday evening following a significant development involving Binance

Zenger

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Buy This Much DOGE Today And Afford A Tesla Model Y When The Crypto Reaches 25 Cents

The price of Dogecoin (CRYPTO: DOGE) recently passed 8 cents and hit new highs not seen since April

Zenger

Bitcoin’s Potential Journey Towards Oblivion Amid Rise Of Efficient Digital Currencies

Founder of Unicoin predicts Bitcoin's diminishing market share and emergence of superior alternatives

Zenger

‘Banks Are Kind Of Paralyzed’: Why Mass Adoption Of Crypto Needs Regulation, Education And Simplification

As crypto and Web 3 evolve, the market paradigm needs to change to secure further growth while also fostering transparency

Zenger

Analysis: Binance’s $4 billion plea deal is a victory for the company—but there’s a huge catch

It appears Binance may survive its founder and CEO stepping down. But can the crypto exchange thrive under the thumb of U.S. regulators?

Fortune

World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns

Binance crypto exhange was facing scrutiny from federal regulators including the Commodity Futures Trading Commission and the Departments of Justice and Treasury

The Independent UK

Binance CEO’s Exit Paves Way For Traditional Giants To Dominate Bitcoin ETF Market

Changpeng Zhao's resignation clears path for BlackRock, Fidelity, and Invesco to take over as SEC considers Bitcoin ETF approval.

Zenger

Cryptocurrency PAC Backed By Coinbase CEO Attempts To Help Crypto-Friendly Candidates Win In 2024 Election

Along with a presidential election, there are other races that will be decided by voters in the 2024 election

Zenger

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Al Jazeera

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.

France 24

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…

WEKU

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.

Fortune

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.

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TechRadar

Some of the earliest Bitcoin wallets could be particularly open to hacking

Signed up to a crypto wallet between 2011-2015? You could be vulnerable to losing its contents, so act now.

iMore

Apple's being sued by Venmo and Cash App users over iPhone crypto transfer fees

Apple is being sued by users of some finance apps because they aren't allowed to use crypto with them thanks to App Store rules.

Fortune

Sam Altman’s role ‘not expected to change’ at eyeball-scanning crypto startup Worldcoin amid OpenAI drama

Altman is the chairperson and cofounder of Tools for Humanity, the organization overseeing Worldcoin.

Fortune

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

Exclusive: Privy, the crypto startup powering buzzy consumer tools, raises $18 million

Privy is behind the hot new restaurant reservation app Blackbird launched by the founder of Resy.

Zenger

Crypto Lobbysists Spent Over $56M On Lobbying In 2023: Did It Make A Difference?

From 2019 through 2023, the cryptocurrency industry in the U.S. invested a total of $56.44 million in lobbying efforts

Fortune

SEC alleges in new lawsuit that Kraken failed to register and commingled customers’ funds

Kraken settled with the SEC earlier this year over its crypto staking business.

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