Singapore’s MAS introduces new rules for Digital Payment Token (DPT) service providers. MAS requires DPT service providers to discourage cryptocurrency speculation by retail customers. MAS prohibits incentives for cryptocurrency trading, margin or leverage transactions, and requires risk awareness. In a big move, Singapore’s Monetary Authority (MAS) has announced new rules […]

Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin exchange-traded funds (ETFs), many industry watchers claim. The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to […]

As much as $1 billion has been pulled from Binance over the last 24 hours, data firm Nansen said, after the U.S. Department of Justice reached a historic settlement with the crypto exchange and its founder Changpeng Zhao (aka CZ). Binance will completely exit the U.S. market and pay a […]

In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. […]

Lisa Braganca, a former U.S. SEC branch chief, appeared on CNBC’s “Squawk Box” to discuss the criminal investigation into Binance following founder Changpeng Zhao’s guilty plea to money laundering charges. She explored the implications of this case for the broader cryptocurrency industry. Braganca emphasized the gravity of felony exposure for […]

Nvidia announced third quarter revenue for 2023 in the amount of $18.12 billion, a company record, as the firm’s market cap now reaches $1.22 trillion. The better-than-expected earnings follow a 12-month growth trend during which the company saw earnings increase by 34% over last quarter, and 206% over Q3 2022. […]

The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF). The $4.3 […]

The $4B fine looming over Binance sparks concern: Can they pay or face bankruptcy? With CEO Changpeng Zhao stepping down and accepting charges, questions arise about his fate compared to other crypto CEOs. Suspicion lingers if SEC/DOJ is protecting Binance, the largest exchange, to cushion the crypto market. Investors await […]

In the wake of Changpeng Zhao (CZ)’s resignation as CEO of Binance, the crypto world is witnessing a significant turning point. CZ’s decision, influenced by legal pressures from the United States Department of Justice, highlights the evolving landscape of cryptocurrency regulation and compliance. Several industry experts have been voicing their […]

In the annals of cryptocurrency’s evolution, 2023 has etched a defining chapter for Binance, the world’s largest crypto exchange, as it weathers a perfect storm of legal, regulatory, and leadership upheavals. U.S. authorities have been conducting a prolonged criminal investigation into Binance. Reports suggest a potential resolution might be on […]