NFT News by Thebittimes.Com

Binance and its CEO have pled guilty to felony charges related to violations of the Bank Secrecy Act, failure to register as a money services business, and failure to maintain an effective anti-money laundering program. Under the conditions, Changpeng Zhao ( CZ ) has been forced to resign as Binance ’s chief exec. The crypto exchange will pay $4.3 billion in order to resolve these criminal charges.  Former Binance chief compliance officer Samuel Lim has also agreed to pay $1.5 million in civil penalties to the CFTC. Under the deal, Binance will be watched by “an independent compliance monitor” for the next three years, who will have the ability to see detailed information about Binance’s transactions and activities. Today, I stepped down as CEO of Binance . Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance , and for myself. Bi...

Speaking at a conference in St. Moritz, Switzerland, Binance CEO Changpeng Zhao spoke about his vision for the exchange in 2023. CZ mentioned that he envisions expanding the workforce of the exchange by 15-30% in 2023. He also spoke about the growth of the exchange during the extremely difficult bear market of 2022. In terms of numbers, he stated that the exchange increased its headcount from 3000 to 8000 in 2022. In terms of plans for 2023, CZ stated that the essential focus is on making the exchange more efficient, which includes improving the technology as well as focusing on investing in customer care support. JUST IN: #Binance CEO says the exchange aims to hire 1200-2400 employees in 2023. — Watcher.Guru (@WatcherGuru) January 11, 2023 “We have one business that is pretty big, pretty profitable but it is not going to last forever… we don’t want to become the Kodak. We want to disrupt ourselves rather than other people disrupting us,...

Changpeng Zhao ( CZ ), the CEO of Binance, recently confirmed in a tweet that it will fully acquire the FTX exchange. The same was also confirmed by Sam Bankman-Fried in one of his recent tweets. Both of the exchange CEOs have confirmed that they have come to an agreement on a strategic transaction. The shocking move is to solve the recent and significant liquidity crunch. Sam Bankman-Fried tweeted to his followers to inform them that the acquisition transaction has been set pending due diligence. The “strategic transaction”, according to SBF, will help reduce the backlog and protect customers. In light of this announcement, BNB spiked in price, with over $40 of gains after the news broke out. At the time of writing, BNB is trading at $376 with 12.81% gains in the last 24 hours, as per the data from CMC. BNB price spikes by $40 after the FTX acquisition announcement The whole cryptocurrency market was slumping, with Bitcoin trading below $20,000, and the...

Binance is one of the largest cryptocurrency exchanges in the world. It has also proved to be one of the most robust businesses to seamlessly ride the “crypto winter”. The firm has also been expanding and investing heavily in other businesses. CZ Binance also invested $500 million in Elon Musk’s Twitter acquisition. Speaking on CNBC’s Squawk Box, CZ conveyed his willingness to help Twitter enter Web3 when they are ready to do so. CZ also spoke about the Twitter deal and why he decided to invest in it. JUST IN: #Binance ceo says he wants to help Elon Musk bring Twitter into Web3. — Watcher.Guru (@WatcherGuru) October 31, 2022 CZ highlighted that Twitter is a “free speech platform” Speaking on several reasons for aiding in concluding the deal, CZ highlights that Twitter is a free-speech platform. He also added that he wants to support strong entrepreneurs and believes that Elon Musk is one of them. Binance’s CEO also m...