News | Page 269 | InvestaFeed.com

Binance charges prove ‘following the rules’ was the right decision — Coinbase CEO

Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct.

Cryptocurrency

21 Nov 2023

Binance, Changpeng ‘CZ’ Zhao Handing Over Record $1.35B Fine in CFTC Settlement

Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of Justic...

Cryptocurrency

21 Nov 2023

USD/CAD Remains Rangebound as Canadian CPI Falls More Than Expected. Where to Next?

Bank of Canada will breathe a sigh of relief following a better-than-expected CPI print. The Central Bank will be hoping this is a start of a trend rather than a once off drop as we had in June.

Forex

21 Nov 2023

Tech Stocks Sink Ahead of Nvidia Earnings

Shares of Best Buy and some other retailers were down as stores grappled with unpredictable demand heading into the holiday season.

News

21 Nov 2023

What’s Next for Ex-Binance CEO CZ? Passive Investing, DeFi

The former Binance CEO will remain a shareholder and a consultant for the company.

Cryptocurrency

21 Nov 2023

: Autodesk’s stock is up as earnings, revenue top analyst estimates; guidance is strong

Autodesk Inc.’s ADSK stock initially grew more than 3% in extended trading Tuesday after the software company reported quarterly results that topped analyst revenue and earnings estimates, and offered strong guidance. Autodesk reported fiscal third-qua...

News

21 Nov 2023

: Richard Teng to become Binance’s CEO, succeeding Changpeng Zhao

Richard Teng, Binance’s global head of regional markets, is becoming the crypto exchange’s chief executive, succeeding Changpeng Zhao, the company said on Tuesday. Prior to joining Binance, Richard served as chief executive of the Financial Services Re...

News

21 Nov 2023

IRS Delays Tax Rule for Online Sellers—Again

The tax agency warned of headaches for users of eBay, Venmo and Ticketmaster if it had started enforcing the new Form 1099-K rules.

News

21 Nov 2023

: U.S. stocks end lower Tuesday, S&P 500 snaps 5-session win streak

U.S. stocks closed lower Tuesday in a holiday-shortened week for Thanksgiving, taking a breather from a powerfully November rally for stocks that lifted both the S&P 500 and Nasdaq Composite quickly out of correction territory. The Dow Jones Industrial...

News

21 Nov 2023

DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as Part of Plea Deal

The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world’s largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development was disclosed during a DOJ press briefing on cryptocurrency enforcement, which took place at 3:36 […]

Cryptocurrency

21 Nov 2023

US officials announce $4.3B settlement with Binance, plea deal with CZ

Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts.

Cryptocurrency

21 Nov 2023

Apple entered anti-crypto agreements with competitors, class action suit claims

A class action suit filed on Nov. 17 in California alleged that Apple entered anti-competitive agreements that partially restricted the use of cryptocurrency. Specifically, plaintiffs said that agreements between Apple and its competitors prevent iOS Peer-to-Peer Payment Market apps from offering decentralized crypto features. The plaintiffs asserted that Apple’s agreements apply to various other payment […]
The post Apple entered anti-crypto agreements with competitors, class action suit claims appeared first on CryptoSlate.

Cryptocurrency

21 Nov 2023

Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure

The house that CZ built will now be helmed by its head of regional markets, as the U.S. Department of Justice has barred the former CEO from his position.

Cryptocurrency

21 Nov 2023

Binance to Make ‘Complete Exit’ From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's ...

Cryptocurrency

21 Nov 2023

: Airline stocks suffer broad selloff, despite kickoff of busiest holiday travel days

Shares of airlines are broadly lower Tuesday, despite the day’s marking the start of the busiest travel period in what the Transportation Security Administration expects to be the “busiest ever” holiday travel season. The U.S. Global Jets ETF JETS was ...

News

21 Nov 2023

Africa-Focused Remittances Fintech Zazuu Shut Downs After Failing to Secure Additional Funding

An Africa-focused remittances firm, Zazuu, has become the latest fintech startup to close shop after it failed to raise extra funding. Zazuu and other African fintechs’ funding problems are said to be linked to the collapse of Silicon Valley Bank in the U.S. Zazuu Shuts Down Just Over a Year After Raising $2 Million Zazuu, […]

Cryptocurrency

21 Nov 2023

Binance Got Huge Due to U.S. Customers. That Was Illegal, U.S. Says

…

Cryptocurrency

21 Nov 2023

: Virgin Galactic stock on pace to snap two-day winning streak

Shares of Virgin Galactic Holdings Inc. SPCE are down 5.1% Tuesday, putting the stock on pace to snap a two-day winning streak. The private spaceflight company’s shares rose with other space stocks earlier this week in the wake of SpaceX’s second Stars...

News

21 Nov 2023

After CZ Quits as Binance CEO, Richard Teng Looks Like the Heir Apparent

…

Cryptocurrency

21 Nov 2023

: U.S. oil prices settle lower for the first time in 3 sessions

U.S. benchmark oil futures settled with a loss on Tuesday for the first time in three sessions. Traders await this week’s U.S. supply data from the Energy Information Administration due out Wednesday morning, as well as Sunday’s expected decision on oi...

News

21 Nov 2023

Court unseals indictments against Binance and CZ, detailing expected guilty pleas

The U.S. Justice Department, Treasury and CFTC reportedly plan to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21.

Cryptocurrency

21 Nov 2023

US Dollar Index (DXY) Continues Recovery as FOMC Minutes Have Minimal Impact

The FOMC Minutes release had limited impact today as markets have already weighed key data releases since. The DXY eyes a deeper recovery but is it sustainable?

Forex

21 Nov 2023

Why is the crypto market down today?

The crypto market dropped after Bitcoin immediately turned away from its all-time highs above $108K ahead of the Fed rate decision.

Cryptocurrency

21 Nov 2023

: Home shopping stocks suffer after housing data disappoints

The stocks of online real estate marketplace providers suffered broad weakness Tuesday, after data showing sales previously-owned homes fell below expectations. Shares of Opendoor Technologies Inc. OPEN sank 6.6%, of Redfin Corp. RDFN dropped 3.1%, of ...

News

21 Nov 2023

Surging Altcoins Eclipse Bitcoin’s Gains, Sparking Buzz of an Imminent ‘Alt Season’

Bitcoin’s value has surged by 23% against the U.S. dollar in the past month, but a vast array of altcoins have seen even more substantial gains, outpacing BTC’s monthly rise. Such trends in smaller market cap coins have sparked proclamations on social media platforms, heralding the arrival of the much-anticipated “Alt Season.” Additionally, an uptick […]

Cryptocurrency

21 Nov 2023

Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer

Celsius Network and its debtors intend to turn the defunct lender into a Bitcoin miner as part of its restructuring, according to a Nov. 20 press release. Celsius customers will own the new entity, tentatively stated as ‘Mining NewCo.’ Mining NewCo Celsius had proposed the formation of Fahrenheit NewCo as part of its restructuring and […]
The post Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer appeared first on CryptoSlate.

Cryptocurrency

21 Nov 2023

‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto

After the Securities and Exchange Commission sued Kraken, a small but trusted exchange, CoinDesk asked passersby for their views on crypto and regulation.

Cryptocurrency

21 Nov 2023

BNB price pops, then drops, following news of DOJ-Binance settlement

The BNB token defied Nov. 21’s wider market downturn with a high-volume rally, which saw its price hit a five-month high at $271.90.

Cryptocurrency

21 Nov 2023

LBank Unveils Third Launchpad Featuring ACGN Protocol’s AIMEME Token

PRESS RELEASE. LBank, a globally leading cryptocurrency trading platform, is set to make waves in the digital currency space with the official launch of its highly anticipated Launchpad on November 30, 2023. The focal point of this unveiling is the introduction of ACGN Protocol’s AIMEME token, representing a significant milestone for LBank following the successful […]

Cryptocurrency

21 Nov 2023

‘Buy the Rumor, Buy the News,’ on Spot BTC ETF, Says One Expert, While Another Warns on Coinbase

With two months to go before the U.S. Securities and Exchange Commission (SEC) faces another set of deadlines to decide on a large number of applications to form spot bitcoin exchange traded-funds (ETFs), analysts are speculating on how approval of suc...

Cryptocurrency

21 Nov 2023