THE CRYPTO COMMUNITY REACTS TO CZ STEPPING DOWN – HE’S A LEGEND

It is confirmed!! CZ has stepped down as the CEO of Binance with a settlement of more than $4 billion to the United States Department of Justice (DOJ).

CZ’s statement on X tells of a leader who did all he could and is going home to rest – “I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.”
Earlier today, Bloomberg published a report that Changpeng Zhao, alias CZ, the CEO of Binance, was looking to settle with the United States DOJ for $4 billion. Well, it is true. The US DOJ charged Binance, the world’s largest crypto exchange, for violating sanctions and money-transmitting laws.

Binance has agreed to pay $4.3 billion to settle the accusations, resulting in “one of the largest penalties” the United States has ever received from a corporate defendant. Changpeng “CZ” Zhao, the company’s founder and CEO, pled guilty to his own charges at an arraignment in Seattle and agreed to pay a $50 million fine.

CZ’s crypto era comes to an end

A court document that was unsealed on Tuesday alleges that Binance was found guilty of operating an unauthorized money-transmitting business, failing to maintain an effective anti-money laundering program, and violating sanctions law.

Another filing states that CZ entered a guilty plea for violating the Bank Secrecy Act and for causing a financial institution to violate the BSA. His sanction will also be deducted from the amount he owes the Commodity Futures Trading Commission, according to a filing with the U.S. Department of Justice.

CZ took to his X page to notify his 8.7 million followers that his era has come to an end. His statements begin as: 

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.

Binance Chief CZ Akan Menandatangani Setelah Penyelesaian $4 miliar Dengan DOJ

CEO Binance saat ini, Changpeng Zhao, dilaporkan menandatangani dan mengundurkan diri dari perannya. Langkah ini dilakukan ketika bursa kripto menghadapi denda $4,3 miliar (USD) di samping tuntutan pidana dari pemerintah AS, yang mengajukan tuduhan terhadap keterlibatan Binance dalam pelanggaran undang-undang dan sanksi anti pencucian uang.

Zhao dijadwalkan hadir di pengadilan federal di Seattle untuk mengajukan pengakuan bersalah besok sore (PST). Keputusan Zhao untuk mengaku bersalah, yang akan diresmikan di pengadilan federal Seattle, menyiratkan respons strategis dari pihak Binance untuk meredakan tindakan keras yang semakin intensif dari Departemen Kehakiman AS (DOJ) terhadap pertukaran mata uang kripto.

Tuduhan terhadap Binance, yang menyoroti tantangan peraturan perusahaan, kini telah mencapai puncaknya menjadi salah satu denda terbesar di industri ini. Khususnya, penyelesaian hanya akan dilakukan antara Binance, Departemen Kehakiman, dan Komisi Perdagangan Berjangka Komoditi, sedangkan Komisi Sekuritas dan Bursa tidak ikut berpartisipasi.

SEC sebelumnya mendakwa CZ dan Binance sekitar bulan Juni karena mengoperasikan bursa yang tidak terdaftar, di samping tuduhan menyesatkan investor melalui dana Sigma Chain yang berbasis di Swiss. Tuduhan ini mengarah pada malpraktik di bursa, dengan tujuan untuk meningkatkan volume perdagangan di platform AS.

“Melalui tiga belas dakwaan, kami menuduh entitas Zhao dan Binance terlibat dalam jaringan penipuan yang luas, konflik kepentingan, kurangnya pengungkapan, dan penghindaran hukum yang disengaja,” kata ketua SEC Gary Gensler.

Denda tersebut, yang merupakan kombinasi hukuman pidana dan perdata, dapat dibaca sebagai konsekuensi langsung dari praktik Binance di masa lalu, yang dulunya merupakan kunci pertumbuhan pesat Binance, telah menyebabkan dampak hukum yang parah, sehingga menekankan risiko ketidakpatuhan.

Meskipun pengunduran diri Zhao menandai perubahan penting dalam kepemimpinan Binance, masa depan operasional perusahaan tetap bergantung pada rincian perjanjiannya dengan DOJ.
#DOYR

#NYDFS MELUNCURKAN ATURAN DAFTAR CRYPTO BARU UNTUK MENINGKATKAN KESELAMATAN KONSUMEN

Dalam perkembangan peraturan yang signifikan, Departemen Layanan Keuangan Negara Bagian New York (NYDFS) telah memperkenalkan pedoman baru untuk pencatatan dan penghapusan pencatatan mata uang kripto. Dipelopori oleh Inspektur Adrienne Harris, langkah-langkah ini bertujuan untuk meningkatkan perlindungan konsumen dan menetapkan standar yang lebih jelas untuk industri kripto.

Inti dari peraturan baru ini mengamanatkan bahwa perusahaan kripto berlisensi mengembangkan dan menyajikan kebijakan penghapusan koin, tergantung pada persetujuan NYDFS. Langkah ini mencerminkan dedikasi departemen dalam melindungi konsumen dan menjaga stabilitas pasar. Selain itu, pedoman ini memperkuat komitmen NYDFS terhadap pendekatan berbasis data dan inovatif untuk mengawasi mata uang virtual.

Di bawah masa jabatan Inspektur Harris, NYDFS telah memungut denda lebih dari $132 juta pada perusahaan cryptocurrency. Penegakan hukum ini menggarisbawahi fokus badan tersebut pada akuntabilitas dan memperbaiki praktik-praktik yang tidak patut di sektor ini. Panduan yang baru dirilis ini dibangun berdasarkan etos ini, menetapkan ekspektasi bagi bisnis kripto untuk mengelola dan menilai penawaran koin.

Khususnya, peraturan ini mencakup kerangka kerja untuk menulis kebijakan khusus mengenai pencatatan dan penghapusan pencatatan mata uang di dalam perusahaan. Kerangka kerja ini dirancang untuk menawarkan proses yang sistematis dan transparan dalam mengevaluasi penawaran koin sebelum disetujui, dan menetapkan kriteria penghapusan pencatatan koin yang bertanggung jawab.

Selain itu, NYDFS merilis peraturan komprehensif untuk industri mata uang kripto awal tahun ini, termasuk persyaratan bagi bisnis untuk memisahkan dana pelanggan dari aset perusahaan. Arahan ini bertujuan untuk meningkatkan perlindungan konsumen. Peraturan tersebut juga memperjelas tanggung jawab perusahaan kripto mengenai layanan penitipan dan penyimpanan, menekankan pentingnya kemitraan yang bijaksana, terutama dalam konteks pengaturan sub-penahanan dengan entitas pihak ketiga.

#DYOR

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.
A U.S. judge ordered the end of an automatic stay on proceedings between bankrupt crypto firms FTX and BlockFi, meaning the two can start negotiating a claims settlement.

BlockFi, a lender, filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX earlier that month. That triggered the automatic stay, halting proceedings between the two. BlockFi had an estimated $355 million frozen on the crypto exchange's platform and was owed a further $671 million by FTX's sister company, Alameda Research.

Crypto PricesCoinDesk Market Index

Finance

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.

By Jamie Crawley

Nov 14, 2023 at 3:20 p.m.



BlockFi CEO Zac Prince (right) (Danny Nelson/CoinDesk)



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A U.S. judge ordered the end of an automatic stay on proceedings between bankrupt crypto firms FTX and BlockFi, meaning the two can start negotiating a claims settlement.

BlockFi, a lender, filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX earlier that month. That triggered the automatic stay, halting proceedings between the two. BlockFi had an estimated $355 million frozen on the crypto exchange's platform and was owed a further $671 million by FTX's sister company, Alameda Research.

Kekuatan Penambangan Kripto Diluncurkan: ANTMINER KS3 Hadir di Pasar

BITMAIN baru saja mengumumkan penjualan spot terbatas untuk ANTMINER KS3, perangkat andalan di bidang penambangan kripto. Dengan spesifikasi mengesankan 9,4T dan 3500W pada efisiensi 372J/T, model ini menjanjikan peningkatan kemampuan penambangan ke tingkat yang lebih tinggi. Dimulai pada 13 November pukul 9:00 PM EST, setiap unit akan dijual hanya seharga $1.799 per terahash setelah menggunakan kupon, yang menandai peluang penting bagi para penggemar dan penambang profesional, menurut BITMAINtech.

Ketentuan penjualan sama menariknya dengan perangkat itu sendiri. Pembeli dibatasi hingga 50 unit per pembelian melalui situs web resmi BITMAIN, yang menunjukkan niat perusahaan untuk melayani segmen pasar individu dan profesional. Bagi mereka yang ingin melakukan pemesanan dalam jumlah besar, BITMAIN telah membuka jalur komunikasi untuk layanan yang dipersonalisasi. Dengan tawaran yang begitu menarik, para penambang kripto berlomba-lomba mengamankan unit mereka. Pesannya jelas: kecepatan adalah hal terpenting dalam taruhan tinggi ini

#DOYR

Solana Price Regains Momentum As FTX Sell-Off Ends

After a significant dip to $51.27, Solana (SOL) is currently witnessing a notable recovery in its market price, currently trading at $55.31 (up 7%). This upswing follows a period of intense volatility, with SOL reaching a peak of $63.80 last Saturday, marking an impressive 270% rally over 61 days, only to drop almost 20% subsequently.

The FTX Factor In The Solana Price Movement

FTX has probably been a significant influence on SOL’s price volatility. A report from Lookonchain, an on-chain analysis service, indicates that FTX’s liquidity in SOL has drastically diminished, with Solana worth only $185,000 remaining in their public addresses. “FTX deposited 250,000 SOL ($13.6 M) to Kraken 7 hours ago. Currently, FTX’s public addresses on Solana only have 3,408 SOL,” Lookonchain reported.
#DYOR

FARTCOIN (FRTC): A symbol of success and luck in the world of cryptocurrencies

Welcome to the exciting world of FARTCOIN (FRTC), a unique cryptocurrency that embodies not only innovation but also long-term value for investors.

Let’s take a look at why FARTCOIN is becoming one of the most attractive assets to participate in the cryptocurrency ecosystem.

FARTCOIN (FRTC): A symbol of success and luck in the world of cryptocurrencies

FARTCOIN Advantages:

A unique concept of LUCK: FARTCOIN was created with the idea of bringing luck to its holders. This approach gives the token a unique status in the world of cryptocurrencies and makes it not just a digital asset, but a symbol of success.

Long-term perspectives: FARTCOIN is designed with long-term strategies in mind. The project strives for continuous development, introducing new technologies and features to meet the demands of the growing cryptocurrency market.

Rewards for investors: Participation in the FARTCOIN project is not only an investment in the future, but also an opportunity to receive regular rewards. Investors get FABC and FRTC tokens by participating in daily tasks, which makes their share in the project even more attractive.

Active community: The strength of the project lies in its community. FARTCOIN invites participants to actively engage by offering daily tasks with guaranteed rewards. This not only encourages participation, but also creates a fertile environment for the exchange of ideas and experiences.

Security and transparency: FARTCOIN has passed a security audit, providing investors with reliability and transparency in the use of funds. Blockchain technologies provide a continuous record of transactions, and smart contracts ensure that terms and conditions are enforced without intermediaries.

#Solana Foundation Strategy Head Explained the Reasons for the Rise in Solana (SOL)!

Table of Contents

Solana (SOL) Foundation Strategy Head Austin Federal Evaluated the Developments in Solana at Solana Breakpoint 2023

In a special episode recorded live at Solana Breakpoint 2023, Solana Foundation Chief Strategy Officer Austin Federal made important statements during the event.

Solana (SOL) Foundation Strategy Head Austin Federal Evaluated the Developments in Solana at Solana Breakpoint 2023

Federal noted the extraordinary effort of Solana founders who continued to upgrade Solana's technology despite the challenges of the bear market.

Federal specifically highlighted the recent performance improvements implemented by Solana, addressing issues that marred the platform's performance during the 2021 bull run.

Federal challenged past criticism, saying:

“I think 18 months ago you saw a lot of influencers tweeting that Solana's architecture was somehow fundamentally flawed and that they would never be able to make this thing stable due to bugs in the code base. Like most radical statements on Twitter, it turns out that's not actually true.”
#DYOR

How to Detect Crypto Gems With Great Potential$
#GEM
To find crypto gems that can do 100x or 500x or more, you need to co-research. Researching new projects also involves a fundamental analysis. This is where you find out the background and foundation of each project. We offer you a breakdown of fundamental analysis. 

There are many facets involved in such a crypto gems analysis. However, be aware that you may not find all the aspects mentioned in this article. Nonetheless, it’s a solid foundation of what you should be looking for.

People will charge you +$1000 to explain to you how fundamental analysis works.

Here is a thread completely for free.

This is the exact same analysis I do for each project I invest in that gave me 500x on average.

No fancy shit, only real insights. Save it, share it.
Thread!

Bitcoin Price Hard Crash Or Mega Pump: Why $31,000 Holds The Key
The Bitcoin price has been trading in a tight range around the $37,000 price level through the weekend. This tight trading suggests that there is a lot of fighting going on right now between the bulls and the bears as each camp tries to gain an upper hand over the other. As this tug of war continues, a crypto analyst has presented the most important level that will determine whether the bulls or the bears will claim dominance.

#MyFirstFeedPost Hello, Binance Square!