Hints and tips:
...Its former chief executive, Changpeng Zhao, also pleaded guilty to a criminal charge related to money laundering and resigned from his position....
...Letter in response to this report:Reading the runes on China’s central bank boss / From Zhao Xiaoou, Shanghai, China...
...However, links between the two exist, including with Zhao himself, who is Binance US’s ultimate beneficial owner....
...China has long railed against what it calls US hegemony in the region, particularly in recent years as tensions have grown over Beijing’s territorial claims over Taiwan and the South China Sea....
...Yun Sun, director of the China programme at the Stimson Center, a think-tank in Washington, said while the Kim-Putin rapprochement posed no immediate threat to China, Beijing would be uneasy about losing long-term...
...Zhao resigned after pleading guilty to a charge relating to failure to protect against money laundering. Zhao long insisted that Binance had no global headquarters....
...Changpeng Zhao may finally make a long-awaited public appearance in the US today. In court, reportedly! He’s expected to appear in federal court in Seattle today, according to the WSJ....
...Data mining: Calling time on crypto optimism A final note on the suggestion that the DoJ’s action against Binance will somehow benefit the exchange in the long term....
...Zhao said there had been a “wave” of snowballs “knocked in” when some Chinese stocks sank to a five-year low this week....
.../ From Zhao Xiaoou, Shanghai, China...
...Zhao’s comments align with China’s Global Security Initiative, a manifesto which analysts think ultimately aims to reduce America’s role in global defence....
...BYD’s Indonesia chief Eagle Zhao did not comment on the figures, but said the group would start construction of its facilities this year....
...Zhao described his company in its early years as a “pirate ship”. Binance has long refused to name its headquarters, and for years even tried to shroud the location of its main offices....
...Its founder Changpeng Zhao also stepped down as chief executive....
...“If you’re in this industry for the long game, and you’re trying to find the steady long-term players, you’ll find that Binance is anything but.”...
...Barry Silbert Digital Currency Group Barry Silbert is a long-time investor in crypto through his Digital Currency Group....
...shrugged off concerns around the scandals in the cryptocurrency market, such as the collapse of exchange FTX and the US Department of Justice’s extensive settlement with Binance and its founder Changpeng Zhao...
...Binance founder Changpeng Zhao also pleaded guilty to failing to protect against money laundering and resigned from his position....
...Also in March, the Financial Times revealed Binance — which has long claimed to have no formal headquarters — hid extensive links to China for several years....
...“This was a long-term investment, we wanted to find something that was right, it wasn’t about chasing mortgage rates,” says Barckley....
...It “doesn’t leave much room” for miners if bitcoin remains at its current price of roughly $42,000, said Wolfie Zhao, its head of research. But some see it as a risk worth taking....
...Michela Tindera So Binance was founded in 2017 by Changpeng Zhao. Tell me more about him. Scott Chipolina Changpeng Zhao is better known in crypto circles by the moniker CZ....
...As is often the case with civil actions, “the SEC cases are just taking a long time to litigate”, he added....
...The SEC’s fundamental point against spot bitcoin ETFs has long been that the cryptocurrency trades on largely unregulated markets and thus its price is prone to manipulation. Straightforward, right?...
...: Prime Minister Benjamin Netanyahu remains a long way from his objectives despite the deal his government struck with Hamas. 2....
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