WASHINGTON--The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are

Join our Whatsapp channel LAHORE: Changpeng Zhao, founder and former CEO of Binance — the world’s

Binance, founded in 2017 in China by billionaire Changpeng Zhao, grew into the world’s biggest

Wednesday was no exception. ALSO READ: Elon Musk can’t easily give Twitter the boot over botsHe tweeted that ESG was “ a scam ” after Tesla lost its spot on an SP Global index that tracks companies on their environmental, social and governance standards.... He also predicted that “ political attacks ” on him would “ escalate dramatically in coming months ”.... In a separate tweet, Musk said he’d supported Democrats in the past because “ they were( mostly) the kindness party ”, but has now chan

As a result, the SEC asked that the assets of Binance's U.S. platform be frozen. The order signed by Washington, D.C. federal judge Amy Berman Jackson prevents the defendants from spending corporate assets other than for ordinary business expenses.... Industry leaders say the SEC crackdown signals that U.S. regulators believe cryptocurrency has no room in the traditional financial system.In August 2021, SEC chair Gary Gensler said investors weren't adequately protected in crypto markets, callin

NEW YORK--The CEO of Binance's U.S. affiliate has departed the crypto trading platform amid another round of job cuts. Binance.US CEO Brian Shroder is no longer with the company, a spokesperson confirmed to The Associated Press Wednesday.... The cryptocurrency exchange did not specify when or why Shroder departed, but said that chief legal officer Norman Reed is now serving as interim CEO. Shroder joined the Binance.US as president in September 2021 and was named CEO the following month.... In

LONDON: A growing number of crypto asset firms are abandoning attempts to register with Britain's financial regulator as global scrutiny of the rapidly-growing sector intensifies. The Financial Conduct Authority( FCA) banned Binance, one of the world's biggest crypto exchanges, on Friday from conducting any regulated activity in Britain as regulators across the world bolster oversight of the crypto sector. Data on registrations shows the number which have been ditched has jumped by a quarter in

There is “ no risk of bankruptcy ” even amid a “ black swan ” event and users’ funds are safe, said Armstrong, the firm’s chief executive officer. Then there’s Michael Novogratz.... Trading volumes at Coinbase have steadily fallen since the beginning of the year, while more internationally focused Binance saw an uptick in volume last month.... The fortune of Sam Bankman-Fried, CEO of crypto exchange FTX, has fallen by half since the end of March to about US$ 13bil( RM57. 02bil). Armstrong isn’

It theorised “ a purely peer-to-peer version of electronic cash( that) would allow online payments to be sent directly from one party to another without going through a financial institution ”.... StarPicks FOSTERING, EMPOWERING COMMUNITIES Since its creation, bitcoin has been accused of being the currency of choice on the dark web for illegal payments that leave no trace.... “ The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an inves

Join our Whatsapp channel ISLAMABAD: The government formally announced the creation of the Pakistan Virtual Assets Regulatory Authority( PVARA) on Monday to operate as an independent regulator for licencing, monitoring and supervising virtual asset service providers( Vasp), ensuring alignment with the Financial Action Task Force( FATF) guidelines and international best practices.“ The federal cabinet has formally approved the summary for the creation of the PVARA, a landmark step towards establi