10x Research founder Markus Thielen said crypto exchanges may lose business if CME starts offering spot bitcoin trading. CME is one of the top bitcoin futures exchanges by open interest. Futures powerhouse Chicago Mercantile Exchange (CME) plans to offer spot bitcoin trading to clients as demand for the product mounts among market participants, the Financial […]
By MacDonald Dzirutwe LAGOS (Reuters) – The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto. Binance, the world’s largest crypto exchange and two of its executives face separate trials on […]
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, is facing sentencing in a Seattle courtroom on Tuesday. US prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. Zhao pleaded guilty and stepped down as Binance chief executive in November as the […]
Bye! A detained Binance executive has reportedly broken out of custody in Nigeria. Per Forbes, the escaped executive, British-Kenyan citizen Nadeem Anjarwalla, was arrested by Nigerian authorities alongside US citizen and fellow Binancer Tigran Gambaryan in February. According to CNBC, reports that Anjarwalla had escaped custody — the pair were sequestered at a guest house […]
KADUNA, Nigeria (AP) — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a smuggled passport,” the office of Nigeria’s National […]
An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a smuggled passport”, the office of Nigeria’s National Security Adviser said in a […]
The News LAGOS — Nigeria’s detention of two employees of cryptocurrency exchange Binance will become indefinite should a local court approve the government’s wish to hold them beyond an initial 14-day period. The two employees, an American and a British-Kenyan, have been held by security operatives in Nigeria since Feb. 26. Both men landed the […]
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the TechCrunch Crypto newsletter. To start things off, here’s a shameless plug: I went on Yahoo Finance […]
A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission’s motion for a default ruling. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection […]
(Bloomberg) — He may be headed to prison next year after pleading guilty to US criminal charges in November, yet 2023 held a silver lining for former Binance Holdings Ltd. Chief Executive Officer Changpeng Zhao: His estimated wealth ballooned by almost $25 billion this year. Most Read from Bloomberg Toward the end of a year […]
In early November, Binance Holdings Ltd. was hit with $4.3 billion in penalties and forfeitures by the U.S. Justice Department. The fine was a result of several wrongdoings by the company, ranging from money laundering to aiding criminals and terrorist organizations. Former Binance CEO Changpeng Zhao (CZ) stepped down and admitted to participating in money […]