Cointelegraph By Turner Wright
The United States Securities and Exchange Commission called on the public to comment on a proposed rule change that could allow asset management firm Fidelity to offer shares of its spot Ether (ETH) exchange-traded fund, or ETF.In a Nov. 30 notice, the SEC said “interested persons” may comment on...
Major cryptocurrency exchange Binance announced it will cease support for all Binance USD (BUSD) products starting on Dec. 15 following Paxos halting the minting of new coins.In a Nov. 29 notice, Binance said users should withdraw or convert their existing BUSD on the exchange into other assets before Dec....
The United States Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on cryptocurrency mixer Sinbad, alleging the platform was responsible for laundering funds for the North Korea-based hacking group Lazarus.In a Nov. 29 announcement, OFAC said Sinbad had “processed millions of dollars’ worth of virtual currency from...
A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs.In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Jed Rakoff approved the confidential treatment of certain...
Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for the United States-based exchange Binance.US.In a Nov. 28 X (formerly Twitter) post, Binance.US reminded users the exchange was not a party to the...
Changpeng “CZ” Zhao, who pleaded guilty to one felony charge as part of a settlement with the United States Department of Justice involving crypto exchange Binance, may not be permitted to leave the country as he awaits sentencing.According to a Nov. 27 filing in U.S. District Court for the...
Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down.In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership following the former CEO’s departure...
Social media platform X — formerly Twitter — restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting “they may have potentially violated the X Rules.”On Nov. 23, X users could briefly view CZ’s account only after clicking on a button to acknowledge it...
Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory clarity on aspects of the digital asset space, including stablecoins.Speaking with Cointelegraph at the North American Blockchain Summit on Nov. 16, Consensys’ senior counsel and director...
Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.”In a Nov. 22 X post, Nansen said roughly 24 hours after the United States Department of...
