Binance CEO 'CZ' sentenced to four months in prison | TechCrunch
Changpeng Zhao, founder of Binance, sentenced to 4 months in prison for various violations including anti-money laundering and sanctions breaches. [ more ]
Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg
Binance is facing challenges in re-entering the U.K. market after suspending its services in October.
The Financial Conduct Authority's new rules require crypto firms to be registered or approved by an authorized third party for marketing campaigns. [ more ]
Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask
Kraken launching its own wallet, emphasizing privacy and open-source code, aims to compete with Coinbase and other major players in the crypto space. [ more ]
FTX bankruptcy: What customers should know about getting their money back with interest
FTX's legal team announced a reorganization plan to repay customers who lost assets, up to 118% of the asset's value, pending Delaware court approval. [ more ]
The Protocol: CZ's out, Altman's in, and Kraken's Sued
Binance CEO Changpeng Zhao will step down as part of a plea agreement with U.S. prosecutors, and Binance will pay over $7 billion in fines to the U.S. Treasury and CFTC.
Despite controversy surrounding Binance's centralized structure, Zhao is credited with spearheading tremendous growth in the crypto industry.
Oracle firms like Chainlink and Pyth Network are competing to provide lower-latency pricing data to blockchains for faster on-chain trading. [ more ]