Tag: Business

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Segregation of Exchanges, Market Makers and Custodians Necessary for Crypto Businesses to Thrive

  Crypto whales acquire AI token $LPXX amid Microsoft’s AI talent acquisition. Image by Kaleb, Adobe Stock. The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers and custodians must act as separate entities in order for businesses to succeed. While it’s common to keep financial actors separated within…
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Binance CEO outlines plan for crypto exchange after CZ steps down

Richard Teng became CEO of crypto exchange Binance after Changpeng Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21. Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ”…
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X restricts Changpeng Zhao’s account after name change removes ‘Binance’

The former Binance CEO speculated that X’s bot detection algorithm “needs some work” after the platform implied he “potentially violated the X Rules” by changing his profile name. Social media platform X (formerly Twitter) restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting he “may have potentially violated the…
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No ‘mass exodus of funds’ following Binance-DOJ settlement — Nansen

Roughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings increased to more than $65 billion. Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus…
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Crypto markets mixed as traders digest DOJ action against Binance, CZ

Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance. Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement…
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Celsius entity to focus only on mining under proposed reorganization plan

The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July. Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange…
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Bittrex Global announces all trading will be disabled as it winds down operations

The announcement came roughly nine months after U.S.-based crypto exchange Bittrex said it would shutter operations in response to the country’s regulatory environment. Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations, starting with the suspension of trading activity on Dec. 4.  In a Nov. 20 update published to its website,…
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Crypto wallet with zero connectivity: NGRAVE joins Cointelegraph Accelerator

NGRAVE, a digital asset security provider, offers user-friendly, self-custody solutions that combine offline key creation with advanced recovery options for crypto users. Cryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions…
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Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move. On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each…
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Metaverse projects failed on lack of correct business model: MetaMinds CEO

As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from a lack of proper business models. The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the…
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