Are Bitcoin ETFs good for adoption or ‘watered-down crypto’? Debate rages

[ad_1] CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States.Bromberg — also CEO of payments-focused wallet app Beam — told Cointelegraph: “If a Bitcoin ETF is considered crypto, we’ve failed as an industry.”He said a Bitcoin ETF would “absolutely” be

Crypto markets mixed as traders digest DOJ action against Binance, CZ

[ad_1] Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the cryptocurrency exchange. United States Attorney General Merrick Garland announced

Binance charges prove ‘following the rules’ was the right decision: Coinbase CEO

[ad_1] Brian Armstrong, CEO of crypto exchange Coinbase, thinks that his company made the right decision to comply with U.S. money transmitter licensing laws.In a Nov. 21 social media post, Armstrong weighed in on the news that rival exchange Binance is pleading guilty to criminal charges, stating that he is glad his own exchange decided to obtain money transmitter licenses, even though it put the company at a competitive disadvantage.Since

US officials announce $4.3B settlement with Binance, plea deal with CZ

[ad_1] Officials with the United States Department of Justice announced that Binance CEO Changpeng "CZ" Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the exchange.In a Nov. 21 press conference, Attorney General Merrick Garland announced CZ entered his plea in person in U.S. federal court despite residing outside the country. He added there would be a $4.3-billion settlement with Binance and CZ

Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure

[ad_1] Binance has named its head of regional markets outside of the U.S., Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and plead guilty to charges levied against him by the U.S. Department of Justice. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing

Court unseals indictments against Binance and CZ, detailing expected guilty pleas

[ad_1] A federal court has released the indictments against Binance and CEO Changpeng "CZ" Zhao filed under seal on Nov. 14, in which the United States government said it expected the cryptocurrency exchange and CZ to enter guilty pleas. In Nov. 14 filings in U.S. District Court for the Western District of Washington at Seattle, the U.S. government said it requested to file the indictments against Binance and CZ under seal

BNB price rallies on news of DOJ-Binance settlement

[ad_1] BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ" Zhao has agreed to step down as CEO of the crypto exchange While the exact details of the settlement remain unclear until the

US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether

[ad_1] The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams.In a Nov. 21 announcement, the Justice Department said the seized funds came from “scammers who stole millions from victims across the United States” and were presumably part of Tether’s efforts to freeze $225 million worth of USDT

Binance’s CZ pleads guilty to violating anti-money laundering requirements—WSJ

[ad_1] Binance founder Changpeng "CZ" Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice (DOJ) prepares to announce that it's secured a $4.3 billion settlement with the company.According to The Wall Street Journal, CZ intends to plead guilty to several charges levied by the DOJ. He's scheduled to appear in a federal court in Seattle Tuesday afternoon, where he will enter
Bitcoin News

Future3 Campus and TON Foundation Announce Bootcamp for Mini-App Builders in Telegram’s Web3 Ecosystem

[ad_1] AdvertismentZug, Switzerland, November 21st, 2023, Chainwire Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON’s Web3 ecosystem in Telegram. The 15 selected teams may receive support for integrating into TON’s Web3 ecosystem and stand a chance to get up to USD $500,000 in funding from Future3 Campus. Applications to be selected