Binance says decision to pull Abu Dhabi licensing bid unrelated to US settlement
Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the United States in November, may not be able to return to the UAE before being sentenced.
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Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the United States in November, may not be able to return to the UAE before being sentenced.
Government transparency group Open Secrets reported U.S. crypto firms spent roughly $19 million on lobbying from January to September 2023.
At an exclusive dinner in Singapore, certain Binance executives reportedly told traders about the pending settlement with U.S. officials, allowing the exchange to stay in business.
The funding will support TON ecosystem projects, research and development efforts, community-building and marketing activities.
Yoni Assia told Cointelegraph that products like Bitcoin ETFs align with institutions’ existing modes of operation, making it easier for them to enter the market.
The firm reported it held 174,530 Bitcoin as of Nov. 29 — worth roughly $6.6 billion at a price of $37,726.
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
The former Binance CEO faces one felony count in the U.S. as part of a settlement with local officials and regulators.
Richard Teng became CEO of crypto exchange Binance after Changpeng Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21.
The former Binance CEO speculated X’s bot detection algorithm “needs some work” after the platform implied he “potentially violated the X Rules” by changing his profile name.