Binance has not yet decided on its new global headquarters due to complexities like tax laws and talent acquisition challenges. Legal troubles, including Changpeng Zhao's legal issues and a $4.3 billion fine, have led Binance to restructure its leadership and adopt better governance strategies.
WeatherlyBitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.
WeatherlyIndian authorities uncovered $97 million in unpaid GST from crypto exchanges, with Binance owing $85 million. The government is cracking down on tax evasion, while Binance faces mounting global challenges, including regulatory issues in multiple countries.
WeatherlyCZ’s recent Toy Story meme has sparked speculation about Binance’s future, with many linking it to potential BNB institutional adoption or a BNB-based ETF. Meanwhile, BNB’s price surged to a new all-time high of $776.80, reflecting its growing market influence as altcoins, including BNB, gain momentum.
WeatherlyThe FTX bankruptcy estate claims SBF’s $1.76 billion repurchase deal with Binance in July 2021 was a fraudulent transfer due to FTX’s insolvency. The lawsuit seeks to recover billions for FTX creditors, alleging the transaction was fraudulent.
KikyoFormer Binance CEO, CZ (real name Changpeng), told Bloomberg that he had received multiple offers from buyers who are willing to offer him a high price to buy his shares in Binance.
XingChiBinance and its former CEO, Changpeng Zhao, are pushing to dismiss the SEC’s amended complaint, arguing that the regulator’s approach to crypto lacks clarity and consistency. Binance claims the SEC's broad interpretation of crypto assets as securities is confusing and unfairly applied.
WeatherlyChangpeng Zhao, founder of Binance, made his first public appearance since his prison release at the Binance Blockchain Week in Dubai, discussing his reflections on his incarceration and future plans. He expressed a renewed appreciation for personal connections, a commitment to education, and intentions to invest in emerging sectors while remaining optimistic about the future of cryptocurrency.
JoyFormer Binance CEO CZ's first tweet after his prison release sparked attention, briefly mentioning future plans and enjoying freedom. BNB surged to a monthly high but quickly reversed, declining along with the broader crypto market.
KikyoBinance founder CZ will be released today, 27 September, two days ahead of schedule, due to his release date falling on a weekend. Will this trigger a rise in BNB’s price?
KikyoThe Japanese National Tax Agency (NTA) reveals an increase in crypto tax violations, with 548 cases identified out of 615 inquiries in the fiscal year 2022. Although the average undeclared income per case dropped to $206,000, the cumulative value rose to $126.5 million, prompting calls for tax system reforms in Japan amid criticisms of the current structure's impact on firms holding coins.
JixuThe announcement comes as part of broader leadership changes, with economist Osvaldo Giordano heading the ANSES and engineer Horacio Marín taking charge of YPF from December 10.
DavinBNB Chain recently unveiled insights shedding light on its DappBay platform. At the forefront of the Red Alarm list is Genesis Universe, an NFT-based game on BNB Smart Chain. Despite its play-to-earn mechanism, caution is advised due to its presence on the Red Alarm list, highlighting operational uncertainties.
JoyFinancial technology solution providers suggest that future collaborations between banks and tokenised platforms may further fuel the development of the virtual asset industry.
BrianThe Santa Catarina Judiciary in Brazil has frozen $5.6 million in assets linked to an NFT pyramid scheme. Victims, reporting losses over $3.9 million, were enticed with promises of up to 20% monthly returns. Operation 'Cripto X' revealed the scheme's depth, prompting civil and criminal actions against eight individuals and 14 companies. The freezing of assets aims to compensate victims as the scheme collapsed due to liquidity issues and challenges in repatriating funds.
JixuCircle and SBI unite forces to drive USDC's digital currency revolution in Japan, navigating regulatory landscapes for widespread adoption and marking a milestone in the global financial shift.
Hui XinAzuki DAO transforms into memecoin "Bean" with $10 million funding for integration into the Blast ecosystem. The 1 billion token supply includes a 50% distribution through an NFT airdrop to the Azuki DAO community. Legal disputes with Zagabond over the "Elementals" series are resolved as Azuki DAO drops the proposed lawsuit, marking a pivotal moment for the Azuki community. Future plans and financing details for Bean's memecoin project are anticipated.
JixuOpenSea faces criticism for promoting the dormant Fatzuki NFT collection, sparking concerns about the platform's due diligence. The controversy, marked by a sudden surge in Fatzuki's value and echoes of past scandals, raises questions about OpenSea's motives, especially amid recent staff layoffs and the project's questionable activity since July 2023.
JixuWilfred Bonse, a politician, has been arrested for embezzling over 200 million naira from Patricia Technologies' crypto wallet, collaborating with hackers to launder funds. Despite setbacks, Patricia Technologies aims to repay customers after converting assets into Patricia Token, highlighting Nigeria's crypto awareness at 99%.
JixuThe Securities and Exchange Commission (SEC) of Thailand has implemented a trading and asset deposit halt for Zipmex, effective from 25 November, 1pm local time. This decision aligns with local regulations to ensure compliance. The suspension instructs customers seeking fund or asset withdrawals during this period to directly contact the exchange.
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