Binance CEO "CZ" steps down ☄️, New Zealand stablecoin launch 🚀, CoinGecko buys NFT startup Zash 💰
Daily Crypto, Blockchain & Web3 Update 2023-11-22
CRYPTOCURRENCY
Binance CEO "CZ" steps down, pleads guilty to U.S. money laundering violations (2 min read)
Binance CEO Changpeng Zhao will resign and admit guilt to criminal and civil charges against him and Binance. The settlement amount is $4.3 billion, the largest ever in US Treasury history. The charges were focused on money laundering and lack of proper compliance. Binance appointed Richard Teng as its new CEO.
Belgium seeks to reboot EU blockchain infrastructure project (2 min read)
Belgium aims to speed up the establishment of a European blockchain infrastructure during its presidency of the Council of the European Union in early 2024.
CZ departure, Binance deal lead to purge of $175M of crypto longs (3 min read)
Binance CEO departure caused market volatility and $175 million in liquidation. Data aggregator DefiLlama showed that Binance’s crypto asset inflows have fallen by over $1 billion in the last 24 hours.
New Zealand dollar stablecoin goes live through local crypto exchange (2 min read)
A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys.
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New Binance CEO Richard Teng pitches ‘very strong’ foundation to skeptics (3 min read)
Richard Teng, the new CEO of Binance, addressed the confusion and rumors surrounding Changpeng "CZ" Zhao's departure on X (formerly Twitter) to reassure investors.
Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says (4 min read)
Community members compared the Binance settlement with the U.S. Department of Justice to the deal with the BitMEX crypto exchange, as its CEO was also forced to step down.
Mt. Gox creditors offered fresh hope with new ‘commencement of repayment’ email (2 min read)
Creditors of Mt. Gox, a now-defunct Bitcoin exchange that lost 850,000 BTC to a hack in 2014, have received a new email hinting at soon-to-come repayments.
Grayscale met with SEC to discuss spot Bitcoin ETF details (4 min read)
Grayscale executives met with the Securities and Exchange Commission to discuss converting their Bitcoin trust into a Bitcoin ETF.
Circle launches ‘bridged USDC standard’ for deploying to new networks (2 min read)
Circle has introduced a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post.
HECO Chain bridge compromised over $86.6M sent to suspicious addresses (3 min read)
Data shared by blockchain security platform PeckShield shows that more than $86.6 million in digital assets were transferred from the HECO Chain bridge to suspicious addresses. The security firm suggests that the bridge is compromised and an exploit is ongoing.
CoinMarketCap rival CoinGecko acquires NFT startup Zash (3 min read)
Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash.
CZ released on $175M bond, could return to Dubai (1 min read)
Binance founder Changpeng “CZ” Zhao will pay a $175 million release bond and agree to return to the United States 14 days before his Feb. 23, 2024 sentencing — possibly allowing him to return to Dubai.
Binance settles with U.S. government: Timeline of US enforcement actions (6 min read)
Binance and its founder Changpeng"CZ" Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines.
OpenAI to rehire Sam Altman as CEO with new initial board members (1 min read)
OpenAI says it has reached an agreement in principle for Sam Altman to return as CEO, with a new board including Bret Taylor as chairman, Larry Summers and Adam D’Angelo.