Binance founder Changpeng “CZ” Zhao has been ordered by a federal judge to remain in the United States until his sentencing in February. The judge cited concerns that Zhao would be a flight risk if he returned to the United Arab Emirates. Zhao faces a possible 18 months in prison after pleading guilty to money laundering charges on November 21. The judge noted that the defendant’s significant overseas assets and property, as well as his family living in the UAE, were contributing factors to his flight risk. Zhao’s guilty plea is part of Binance’s settlement with U.S. regulators that involved…
Author: Crypto Flexs
Read More
Lookonchain, a web3 data analytics tool that tracks whale activity, shared a post on This brings a total of 1.76 billion USDT received from the Tether Treasury to the exchange since October 20th. As part of the post, Lookonchain puts these numbers into perspective, highlighting that an average price of $40,000 is enough to earn a total of 44,000 Bitcoin (BTC). On November 22, Lookonchain reported significant Tether Treasury transactions, revealing that Tether Treasury had recently minted an additional $1 billion. The tweet highlighted a notable development, alerting followers to the fact that this particular company had amassed a whopping…
Two crypto provisions addressing anti-money laundering issues were removed from a joint version of the National Defense Authorization Act, a military funding bill considered a must-pass bill, ending a backdoor effort to pass digital asset regulations this year. Us
Market • December 8, 2023 11:58 AM EST Posted 1 minute ago In ~ bitcoin BTC +1.86% Stocks rose on Friday after new U.S. jobs data strengthened hopes that the Federal Reserve’s current monetary policy could achieve a “soft landing” for the nation’s economy.The Bureau of Labor Statistics released better-than-expected data for November, showing U.S. employers added 199,000 jobs last month. This is an increase in job growth compared to October. This data can give Fed officials confidence that current monetary policy is on track to curb inflation without triggering a recession.Bitcoin was up 1% at 11:30 a.m. ET. change…
In a significant development for the blockchain data-oracle project, Chainlink (link) has seen significant response to its enhanced cryptocurrency staking program, accumulating $632 million worth of LINK tokens in a very short period of time. the company announced A recent press release highlighted ‘overwhelming demand’ during Early Access, with the staking limit being met in just six hours. Chainlink releases staking v0.2 Chainlink, recognized as the industry standard decentralized computing platform, has released Chainlink Stake v0.2, the latest upgrade to the protocol’s underlying staking mechanism. The Early Access phase has begun. eligible participant You can stake up to 15,000 LINK…
The meme coin market has recently seen fierce competition between two cryptocurrency protagonists: Pepe the Frog and a dog coin named BONK. While both tokens have seen incredible growth, BONK currently reigns as the third-largest meme coin, while a resurgent PEPE is hoping to leapfrog up the charts. key point PEPE coin price has surged 40% over the past week and 60% of holders are currently making profits. Active addresses and transactions also increased. BONK rose 30% in 24 hours, overturning PEPE to become the third-largest meme coin by market capitalization, behind Dogecoin and Shiba Inu. BONK and Solana each…
Regulatory and Legislative Update – November 2023December 8, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALFATFThe Financial Action Task Force (FATF) is a global money lau… More to provide countries with enhanced tools to more effectively freeze, seize and confiscate criminalA Criminal is an individual or group who has been convicted … More propertyDuring its fourth Plenary in Paris (Oct 25-27) the Plenary agreed on major amendments to the FATF Recommendations that will provide countries with enhanced tools to more effectively freeze, seize, and confiscate criminal property, both domestically and through international cooperation. The revised Recommendations require countries to have policies…
A US senator said Congress should regulate the cryptocurrency industry “with light measures that do not stifle American innovation.” Cryptocurrencies “have the potential to disrupt much of the traditional banking model,” he said.He emphasized that cryptocurrency regulation must be appropriate to avoid forcing companies overseas. ‘Must be regulated with a light touch’ Senator Bill Hagerty (R-TN), a member of the U.S. Senate Banking and Foreign Affairs Committee and former U.S. Ambassador to Japan, criticized JPMorgan CEO Jamie Dimon’s controversial comments on Bitcoin and cryptocurrencies in an interview with Bloomberg and social media posts. I mentioned the remarks. Platform X on…
Oasys and Fireblocks join forces to make asset management easier for Web3 game developers – Chainwire housenewsroomOasys and Fireblocks team up to make asset management easier for Web3 game developers. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic…
While Bitcoin and cryptocurrency momentum has been cooling recently, Ethereum (ETH) is specifically rejecting lower lows against Bitcoin (BTC). Decentralized Finance (DeFi) researcher DefiIgnas chooses X on December 8 shared Insights that suggest ETH could potentially be on the verge of a rally that would see the second most valuable coin unseat BTC as the best performing asset. Reasons that could boost Ethereum’s strength The researcher observed that ETH is down 24% compared to BTC in 2023. However, several fundamental indicators show that this will soon change. First, DefiIgnas noted that cryptocurrency investors are increasingly attracted to the discounted Grayscale…