On November 21, the price of BNB surged to a five-month high of $274. The intraday surge in BNB, however, was swiftly undone when more details on the DOJ's settlement with Binance became available.
Changpeng Zhao (CZ), the CEO of Binance, will enter a guilty plea on charges of breaking criminal anti-money laundering regulations. In addition, #binance will admit admission to a criminal offense pertaining to transgressions against money laundering, which will carry a hefty fine.
In addition, it is anticipated that CZ will relinquish his position as CEO, with Richard Teng being a possible replacement.
Given the continuing legal disputes involving the cryptocurrency #xrp between the US Securities and Exchange Commission (SEC) and Ripple Labs, this settlement may be viewed as a triumph for regulators.
If these cases are successful, values may rise and there may be an increase in trust in the crypto industry as a whole.
The news has been priced into the crypto market, leading to extreme volatility in Bitcoin and other altcoins.
Changpeng Zhao (CZ), the CEO of Binance, will enter a guilty plea on charges of breaking criminal anti-money laundering regulations. In addition, #binance will admit admission to a criminal offense pertaining to transgressions against money laundering, which will carry a hefty fine.
In addition, it is anticipated that CZ will relinquish his position as CEO, with Richard Teng being a possible replacement.
Given the continuing legal disputes involving the cryptocurrency #xrp between the US Securities and Exchange Commission (SEC) and Ripple Labs, this settlement may be viewed as a triumph for regulators.
If these cases are successful, values may rise and there may be an increase in trust in the crypto industry as a whole.
The news has been priced into the crypto market, leading to extreme volatility in Bitcoin and other altcoins.
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Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.