Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges, […]
X shareholders as of June 2023 included funds tied to Bill Ackman, Binance, and Sean ‘Diddy’ Combs
A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had already been reported as backers of Musk’s effort to buy the social media company then known as Twitter and take it private, inculding VC firms […]
Binance restarts services in India after seven-month regulatory halt
Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month hiatus imposed by local authorities for alleged illegal operations in the country. The exchange said Thursday it has registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a government agency tasked with scrutinizing financial transactions. India had […]
Nigeria demands Binance disclose top users, executives remain detained
Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report. This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, […]
Bitcoin hits highs, Binance launches a crypto perfume and Coachella partners with OpenSea
Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the TechCrunch Crypto newsletter. To start things off, here’s a shameless plug: I went on Yahoo Finance […]