Changpeng Zhao, Binance’s ex-CEO, represents a substantial risk of flight given his minimal ties with the U.S., prosecutors said.
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
Jesse Powell’s comment follows U.S. enforcement actions this week against Binance, the world’s largest crypto exchange.
Go to Source Author: Nikhilesh De
Decentralized Exchange had over $80 million in total value locked before the incident.
Decentralized exchange protocol KyberSwap appears to have suffered a $47 million exploit, according to on-chain data.
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
With Binance set to pay a $4 billion fine and its CEO potentially facing jail time, crypto pundits weigh in on its future.
The crypto exchange Binance’s expensive deal with U.S. prosecutors this week bears harsh consequences, but could mean a positive outlook for the company in the long term.
The digital asset sector in the UK received a boost in the nation’s “mini-budget” announcement on Wednesday.
