Cryptocurrency News Today TheBitTimes.com

Binance’s new CEO, Richard Teng, emphasizes the leadership team’s continuity following the DOJ settlement, ensuring operational stability amid legal challenges. Despite the earlier resignation of Changpeng Zhao as chair of Binance.US, the newly appointed Binance CEO, Richard Teng, is reluctant to change the ex change ’s executive leadership team. This statement comes amid Bloomberg’s inquiries about the role of Yi He, a senior executive and partner at Binance. Yi He previously had a relationship with Zhao and also has two children with the former CEO.  Teng’s appointment and the settlement are part of the fallout from the U.S. Department of Justice (DOJ) agreement, which stipulates Zhao’s formal disengagement from Binance’s operations for three years. Zhao is also facing a potential prison term of up to 18 months. You might also like: Cristiano Ronaldo faces lawsuit over Binance promotion and unregistered securities Zhao, while stepping dow...

Binance is charged with three criminal charges by the U.S. DoJ, including conspiracy, unlicensed money transmission and sanctions violations, as CEO Changpeng Zhao is prepared to plead guilty. Binance, the world’s largest cryptocurrency exchange, has been hit with three major charge s by the U.S. government. These charge s include conspiracy , operating an unlicensed money transmitting business and violating the International Emergency Economic Powers Act.  According to several sources, earlier today, Binance’s CEO, Changpeng Zhao, agreed to plead guilty to anti-money laundering charges in a Seattle federal court. Zhao is currently residing in the UAE, a country that doesn’t have any extradition treaty with the United States. However, as Zhao is likely to be present in Seattle, there are speculations on whether he will do any prison time.  I’m watching the @binance news, too. While we wait for a DOJ announcement, a reminder: crypto isn’t going anywhere. But to create a thriv...

32-year-old New York man James Charles Rivera was sentenced to 96 years in a federal prison for selling steroids for crypto on a deep web black market. A press release published by the United States Department of Justice (DoJ) on Aug. 21 reveals that Rivera and his collaborators reportedly distributed anabolic steroids including Anadrol, Testosterone, Mesterolone, Halotestin and others under the “JuicePal” nickname. The DoJ said Rivera “took in millions of dollars in virtual currency and cash as proceeds from thousands of sales.” In February, Rivera plead guilty to conspiracy to distribute controlled substances and conspiracy to launder monetary instruments. In his plea agreement he admitted that he and his accomplices processed thousands of orders and received at least nearly 451 Bitcoin (BTC) — equivalent to nearly $11.75 million as of press time You might also like: Deep web darknet market administrator pleads guilty in US In addition to selli...