CZ departure, Binance deal lead to purge of $175M of crypto longs
Data aggregator DefiLlama showed that Binance’s crypto asset inflows have fallen by over $1 billion in the last 24 hours....
Month: November 2023
Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email
The Mt. Gox trustee announced the redemption of $47 million in trust assets amid social media reports suggesting repayment to...
CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’
Former Binance CEO CZ sent a letter to employees after he stepped down, assuring employees the company would be fine,...
Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’
Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”...
OpenAI to rehire Sam Altman as CEO with new initial board members
OpenAI says it has reached an agreement in principle for Sam Altman to return as CEO, with a new board...
Rethinking Bitcoin ‘dominance’ at 51% — A misleading metric?
Bitcoin dominance is a largely redundant metric — if you believe BTC and crypto "altcoins" should be in the same...
Grayscale met with SEC to discuss spot Bitcoin ETF details
Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC)....
New Zealand dollar stablecoin goes live through local crypto exchange
Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm. A...
CZ released on $175M bond, could return to Dubai
Binance founder Changpeng “CZ” Zhao posted a $175 million bond with a condition he returns to the U.S. two weeks...
Microsoft, Salesforce, Nvidia swoop in to hire OpenAI employees as walkout threats increase
OpenAI’s future remains uncertain as employees threaten a walkout over the firing of former CEO and co-founder Sam Altman. OpenAI’s...
Binance settles with U.S. government: Timeline of US enforcement actions
U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange....
Are Bitcoin ETFs good for adoption or ‘watered-down crypto’? Debate rages
As hype builds for spot Bitcoin ETFs in the U.S., some are concerned the industry is moving away from the...
Crypto markets mixed as traders digest DOJ action against Binance, CZ
Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement...
Binance charges prove ‘following the rules’ was the right decision — Coinbase CEO
Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct....
US officials announce $4.3B settlement with Binance, plea deal with CZ
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance "lacked basic safeguards" to protect against sanctions and Changpeng...
