Crypto World News

2024-05-01 23:34:58 Binance co-founder Changpeng Zhao says crypto industry has 'entered a new phase'

Binance co-founder Changpeng Zhao, commonly known as CZ, expressed his thanks to his supporters following his sentencing to four months in prison over breaking compliance rules. Zhao was sentenced in Seattle on Tuesday after pleading guilty to anti-money laundering violations. He has also agreed to pay a $50 million fine. The former Binance CEO said that he plans to spend the next chapter of his life on education, where he has started a project called Giggle Academy.

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2024-05-01 19:37:45 Top 10 Trending Coins Last 7 Days

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2024-05-01 18:12:46 Top 5 Daily Gainers & Losers

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2024-05-01 06:44:58 Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison

Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more than twice the recommended guideline for the relevant charges. A separate report from Fortune noted that Zhao will pay a $50 million personal fine, allowing him to keep most of his $43 billion in personal wealth. Zhao will be the wealthiest individual in the US prison system, according to the report.

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2024-04-30 20:09:58 Bitcoin's 61-Day Streak Above $60K Threatened, $271M in Liquidations as BTC Nears Critical Threshold

Bitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued, and in the past day, derivatives exchanges saw $271 million in both short and long positions liquidated.

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2024-04-30 16:39:32 Top 5 Daily Gainers & Losers

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2024-04-30 10:06:32 Hong Kong Bitcoin, Ethereum ETFs expected to outperform US counterparts’ volume on day 1

Hong Kong braces for the debut of its first spot Bitcoin and Ethereum ETFs, expectations are soaring that the initial trading volumes will eclipse those witnessed during similar launches in the US, local media reported on April 29. Huaxia Fund Management (Hong Kong), along with digital asset service provider OSL, are spearheading the launch of these ETFs, which are set to go live on the Hong Kong Stock Exchange on April 30.

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2024-04-29 19:57:19 Justin Sun predicts SEC rejection of Ethereum ETF in May, citing need for crypto education

Tron blockchain founder Justin Sun says the US Securities and Exchange Commission (SEC) would not approve an Ethereum exchange-traded fund (ETF) in May. In an April 28 post on X (formerly Twitter), Sun noted that the crypto industry still needs to prepare for a long-term education with regulators, especially in helping them understand how the emerging industry operates. Sun’s stance echoes the sentiments of numerous market analysts anticipating the SEC dismissing the pending Ethereum ETF applications.

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2024-04-29 19:00:51 Top 5 Daily Gainers & Losers

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2024-04-29 08:25:41 Michael Saylor talks about his journey from being a Bitcoin Denier to a Bitcoin Maximalist during Bitcoin Atlantis

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