changpeng zhao Archives - Top Crypto Game

Florida court overturns Binance.US suspension order

admin — Wed, 22 May 2024 17:10:10 +0000

The First District Court of Appeals in Florida has nullified an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a court filing on May 22.

Earlier this year, Florida’s regulator banned Binance.US from serving its residents, citing “immediate danger” to the public as the reason for its decision. The regulator also pointed to Changpeng Zhao’s legal issues, as the founder and former CEO of Binance Holdings pleaded guilty to federal finance charges.

However, Binance.US argued that the suspension order contained procedural errors and misinterpreted local laws. The exchange also warned that suspending its license would lead to significant financial losses for over 170,000 accounts in Florida and highlighted the potential harm from the forced liquidation of customers’ digital assets.

In the ruling, the judges unanimously sided with Binance.US, noting that the Florida Office of Financial Regulation failed to justify that the process for arriving at its decision was fair under the circumstances.

The court further highlighted the possible financial harm from suspending the license and the potential damage to customers from forced liquidation. They wrote:

“A forced and untimely sale of Florida customers’ digital assets threatens financial harm because of digital asset price fluctuations. In addition, an account holder who is forced to sell a digital asset at a price higher than a cost basis would incur unplanned and extensive tax liabilities.”

Conclusively, the judges noted that the ESO failed to discuss alternative remedies or explain why less harsh measures would be insufficient to address the alleged emergency.

Binance.US is the US affiliate of Binance, the largest crypto trading platform by trading platform. The platform has slowly been rebuilding its customer base following the extensive regulatory scrutiny that collapsed its market share last year.

In April, the firm appointed Martin C. Grant, a former New York Federal Reserve Bank Compliance Chief, to its Board to improve compliance efforts and restore users’ trust in its services.

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Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’

admin — Wed, 01 May 2024 15:33:57 +0000

Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.”

The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules.

Zhao said:

“I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important. A silver lining of this whole process is that Binance has been under the microscope. And funds are SAFU.”

Last year, Zhao admitted guilt to federal money laundering charges. Prosecutors spotlighted a corporate culture at Binance that neglected fraud prevention in pursuit of expansion, resulting in his departure from the company and a hefty $150 million fine.

This sentencing arrives at a critical juncture for the emerging industry, which is witnessing intensified regulatory scrutiny worldwide. Notably, US financial authorities have targeted major crypto entities, including Binance, Coinbase, and Kraken, to foster compliance within the sector.

Next phase

Zhao has announced his commitment to dedicating the next phase of his life to education with the initiation of the Giggle Academy project.

Giggle Academy is a non-profit educational platform that aims to tackle educational inequality by targeting underprivileged communities lacking access to conventional schooling. The initiative delivers free fundamental education to all, leveraging an interactive and tailored approach.

In recent weeks, Zhao has delivered several updates on the project, unveiling its logo and detailing its ongoing development. Last week, He said:

“We moved the goal post a little bit again since a few weeks ago. We are starting at a much earlier age now, 2-3 year olds. Start at the beginning, instead of somewhere in the “middle”, and hopefully keep growing with our community, for 18 (or more) years.”

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Binance Chain to dominate decentralized exchange? BNB main net, bounty for hackers!

EllioTrades — Mon, 19 Jun 2023 23:50:57 +0000

Binance to dominate decentralized exchange? CZ announced BNB Chain, offers bounty for hackers!

Please let us know what you thought about our review below! Are you holding any BNB? What do you think of CZ’s moves lately?

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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial advisor. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.

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MARKET MANIPULATION EXPOSED! Wash trading bitcoin and cryptocurrency explained!

EllioTrades Crypto — Sun, 31 Jul 2022 19:24:20 +0000

Articles Cited:
Definition of Wash Trading-
Bitfinex & Wash Trading pt. 1-
Bitfinex and Wash Trading pt. 2 –
BTI August 2018 Report –
March Slippage Report –
OKcoin Fake Volume 2013 –
OKcoin Fake Volume 2015 –
CZ on Wash Trading 2018 –

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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR!

#cryptocurrency #bitcoin #marketmanipulation

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Binance Smart Chain | EARN STAKING REWARDS | Validators

Altcoin Buzz — Sun, 29 May 2022 03:04:20 +0000

Validating and delegating are two ways of earning staking rewards on the Binance Smart Chain. In this video, I’ll explain the difference between validating and delegating as well as the process of how to delegate your BNB and begin earning staking rewards.

#bnb #Binance #crypto #DeFi #bsc

Time Stamps
(01:16) Validator Requirements
(05:23) Delegating Vs Validating
(06:50) Delegate and Un-Delegate Process
(10:40) Summary

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Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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10 MIND BLOWING facts about Crypto Billionaire CZ | Founder Binance BNB

Altcoin Buzz — Wed, 25 May 2022 02:33:47 +0000

Changpeng Zhao or CZ as he is known is one of the biggest names in the crypto space. As a founder of Binance, world’s largest crypto exchange, CZ made it onto Bloomberg’s Billionaires list this year and that’s attracting lots of attention.

We went all out to find out 10 lesser known facts about CZ, Binance and uncovered some really interesting things about his life like him being a computer science graduate rather than just being an employee at McDonald’s.

Changpeng Zhao interview on Altcoin Buzz

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TIMESTAMPS
0:00 Intro to Changpeng Zhao and Binance
2:44 Fact #1
3:22 Fact #2
4:11 Fact #3
4:48 Fact #4
5:27 Fact #5
6:28 Fact #6
6:58 Fact #7
7:36 Fact #8
8:00 Fact #9
8:31 Fact #10

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MUSIC
The Life and Death of a Certain K. Zabriskie, Patriarch by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license.
Source:
Artist: (edited)
chriszabriskie.com

DISCLAIMER
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#binance #bnb #cz

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changpeng zhao Archives - Top Crypto Game

Florida court overturns Binance.US suspension order

Mentioned in this article

Latest Alpha Market Report

Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’

Mentioned in this article

Binance Chain to dominate decentralized exchange? BNB main net, bounty for hackers!

MARKET MANIPULATION EXPOSED! Wash trading bitcoin and cryptocurrency explained!

Binance Smart Chain | EARN STAKING REWARDS | Validators

10 MIND BLOWING facts about Crypto Billionaire CZ | Founder Binance BNB