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⚠️⚠️ BREAKING
Binance Founder CZ Begins Four-Month Sentence as Richest Inmate in U.S.
Changpeng Zhao, commonly known as CZ and founder of Binance, has reported to a low-security facility in California to begin his four-month federal prison sentence. This follows his guilty plea in November 2023 for failing to implement adequate anti-money laundering protocols at Binance, the largest cryptocurrency exchange in the world. Alongside his prison term, Zhao was fined $50 million personally in April.
Binance agreed to pay a staggering $4.3 billion settlement, one of the largest in history, eliciting mixed reactions within the crypto community. According to Sam Mangel, a federal prison consultant, Zhao is expected to serve the full 120 days without benefiting from any earned time credit programs. Despite the discomfort of prison life, Mangel believes Zhao will remain safe and not face extortion or danger.
$BNB #czprison #BinanceSquareFamily
Binance Founder CZ Begins Four-Month Sentence as Richest Inmate in U.S.
Changpeng Zhao, commonly known as CZ and founder of Binance, has reported to a low-security facility in California to begin his four-month federal prison sentence. This follows his guilty plea in November 2023 for failing to implement adequate anti-money laundering protocols at Binance, the largest cryptocurrency exchange in the world. Alongside his prison term, Zhao was fined $50 million personally in April.
Binance agreed to pay a staggering $4.3 billion settlement, one of the largest in history, eliciting mixed reactions within the crypto community. According to Sam Mangel, a federal prison consultant, Zhao is expected to serve the full 120 days without benefiting from any earned time credit programs. Despite the discomfort of prison life, Mangel believes Zhao will remain safe and not face extortion or danger.
$BNB #czprison #BinanceSquareFamily
💥 Elon Musk, CEO of Tesla, has denied claims suggesting he engaged in discussions about cryptocurrencies with Donald Trump, the front-runner for the 2024 Republican presidential nomination.
Taking to X (formerly known as Twitter), Musk expressed his stance, saying, “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do.”
According to a report by The Wall Street Journal on May 29th, Trump is contemplating extending a "possible advisory role" to Musk in the event of his victory in the upcoming election.
#donaldtrump #ElonMusk's #Election2024
Taking to X (formerly known as Twitter), Musk expressed his stance, saying, “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do.”
According to a report by The Wall Street Journal on May 29th, Trump is contemplating extending a "possible advisory role" to Musk in the event of his victory in the upcoming election.
#donaldtrump #ElonMusk's #Election2024
⚠️ MT.GOX PREPARES TO DISTRIBUTE BITCOIN
It appears that the decade-long saga of Mt.Gox may be drawing to a close. Recent reports from Arkham on May 28 revealed a significant development: Mt.Gox initiated a transaction totaling $9.62 billion worth of BTC from numerous wallets. This event marked the first movement of these funds in over five years.
On the same day, Mt.Gox’s trustee issued a statement, confirming that the transfer was a crucial step in the preparation of Bitcoin repayments to creditors. Former Mt.Gox CEO Mark Karpeles further clarified that the movement of funds was an integral part of the distribution process. Notably, Mt.Gox’s final repayment deadline looms on October 31, 2024.
#MtGox $BTC
It appears that the decade-long saga of Mt.Gox may be drawing to a close. Recent reports from Arkham on May 28 revealed a significant development: Mt.Gox initiated a transaction totaling $9.62 billion worth of BTC from numerous wallets. This event marked the first movement of these funds in over five years.
On the same day, Mt.Gox’s trustee issued a statement, confirming that the transfer was a crucial step in the preparation of Bitcoin repayments to creditors. Former Mt.Gox CEO Mark Karpeles further clarified that the movement of funds was an integral part of the distribution process. Notably, Mt.Gox’s final repayment deadline looms on October 31, 2024.
#MtGox $BTC
Over the last 13 days, U.S. spot bitcoin ETFs have experienced a net inflow surpassing $2 billion. This streak marks their second-longest period of continuous positive flow since their introduction, trailing only behind the 17 consecutive days of net inflows recorded in January.
$BTC #ETFBitcoin
$BTC #ETFBitcoin
⚠️ BREAKING
Donald Trump has been convicted on all 34 counts in his New York 'hush money' trial, marking him as the first former president to be found guilty of felonies. Witnesses say he remained motionless, staring ahead, as the verdict was announced.
#TrumpCryptoSupport #trumpcoin #donaldtrump
Donald Trump has been convicted on all 34 counts in his New York 'hush money' trial, marking him as the first former president to be found guilty of felonies. Witnesses say he remained motionless, staring ahead, as the verdict was announced.
#TrumpCryptoSupport #trumpcoin #donaldtrump
The SEC has instructed spot Ethereum ETF issuers to submit their initial draft S-1 forms by Friday, according to The Block.
$ETH #EthereumETFApprovalExpectations
$ETH #EthereumETFApprovalExpectations