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Binance to Pay $4B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO, Pleads Guilty
Crypto exchange Binance has agreed to pay a settlement of more than $4 billion to multiple federal agencies, after CEO Changpeng 'CZ' Zhao pleaded guilty to charges and stepped down from his role. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know so far and what this means for the future of Binance.
Binance Processes Nearly $1B in Net Outflows As CEO CZ Resigns
Bitcoin (BTC) is hovering below $36,600 as Changpeng 'CZ' Zhao stepped down from his role as CEO of Binance, the world's largest crypto exchange, and pleaded guilty to violating U.S. anti-money-laundering rules. Kaiko Director of Research Clara Medalie shares her crypto markets analysis and outlook, discussing the impact on market depth and liquidity.
Legal Expert on What Binance, CZ Woes Mean For Crypto Industry
Binance, the world's largest crypto exchange, has agreed to pay $4.3 billion to settle allegations it broke sanctions and money-transmitting laws. Founder Changpeng "CZ" Zhao also pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine to the Department of Justice, in addition to stepping down as CEO. Haynes Boone Partner Kit Addleman weighs in on the latest developments and the implications for the crypto industry at large.
Cool Cats Founder on Balloon Debut at Macy's Thanksgiving Day Parade, NFT Outlook
Cool Cats will be the first non-fungible token (NFT) collection to feature in the iconic Macys Thanksgiving Parade. Cool Cats Founder Colin Egan discusses the historic move and the outlook for NFTs amid a continued downturn in trading volume.
AI-Linked Tokens Surpass $2B in Weekly Trade Volume For First Time Since March
According to Kaiko data, AI-linked tokens surged past $2 billion in weekly trade volume for the first time since March. Gains were led by WLD and RNDR. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Kraken Accused of Operating Unregistered Platform, Mixing Customer Funds; Bittrex Global to Shut Down
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the U.S. Securities and Exchange Commission (SEC) allegations in a new lawsuit against Kraken, the reported settlement between Binance and the Department of Justice, plus the details as Bittrex Global announces it will shut down.
SEC Accuses Kraken of Operating Unregistered Platform, Improperly Mixing Customer Funds
Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details. Plus, what to make of Bittrex Global shutting down.
SEC Suing Kraken a 'Big Yawn' For Crypto Markets: Opimas CEO
Bitcoin (BTC)'s price remains little changed below $37,000 on the heels of the SEC suing Kraken on allegations the crypto exchange violated federal securities laws. This comes as the appointment of Javier Milei, a pro-bitcoin candidate, as the President of Argentina added some 2% to the digital asset space. Opimas CEO and Founder Octavio Marenzi shares his crypto markets update.
130 Countries Are Exploring a CBDC: Atlantic Council
According to the Atlantic Council, 130 countries are currently exploring a central bank digital currency (CBDC). Atlantic Council GeoEconomics Center Senior Director Josh Lipsky discusses the key takeaways from the report, sharing insights into the state of digital money and CBDC exploration around the world.
When Could Traders See the Arrival of a Spot Bitcoin ETF?
Hermine Wong, herminewong.xyz principal and former SEC special counsel, weighs in on the outlook for spot bitcoin ETF approvals in the U.S. as the Securities and Exchange Commission (SEC) delays decisions on applications for Franklin Templeton and Global X. When it comes to a timeline for the regulator's decision, Wong notes that she probably wouldn't bet on January 2024 for a decision at this point.
