CryptoQuant Founder Senses Bullish Vibes As Binance Founder CZs Early Release Bolsters Market Optimism
Now, crypto community members are speculating on the potential impact CZs early release could have on the market.
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Now, crypto community members are speculating on the potential impact CZs early release could have on the market.
BNB has been steadily climbing in the past few days and sit above $600 now.
The complainants assert that the DOJ's diversion of funds violates the terms of the U.S. Victims of State Sponsored Terrorism Act.
Binance founder and former CEO Changpeng CZ Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.
According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.
After four months in jail and social media discretion, CZ is free. Whats next for the former crypto titan who led Binance to the top?
Binance has surpassed a major milestone, processing over $100 trillion in crypto trades since its 2017 launch. The achievement was shared by CEO Richard Teng in a post on the X platform on Sept. 24, saying: “Earlier this month, the all-time trade volume on Binance surpassed $100 trillion.” The figure is double the total market […]
The post Binance leads the pack with $100 trillion in all-time trade volume appeared first on CryptoSlate.
Ju contends CZs imprisonment has a vicarious element, symbolizing crypto's challenges, while still backing his contributions.
Former Binance CEO CZ moved to RRM Long Beach, which is not a full release but a facility for inmates nearing freedom.
As of Aug. 22, the US Federal Bureau of Prisons listed the former Binance CEO as an inmate of the Residential Reentry Management Long Beach field office.
A fresh class action suit has been lodged against Binance, accusing the company and its founder, Changpeng Zhao, of failing to prevent money laundering on the platform.
Binance.US said that the SEC's case is unsupported by facts or law while asserting confidence in its position being validated by the court.
The 200 million user mark represents over a third of all cryptocurrency holders worldwide.
Judge Amy Berman Jackson, however, dismissed the SECs claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
According to a recent Forbes report, ex-Binance CEO Changpeng CZ Zhao personally owns 94 million BNB tokens which is roughly 64% of the tokens circulating supply.
Forbes estimates Zhao's net worth at a staggering $61 billionranking the former CEO as the world's 24th richest person.
Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency.
Binance co-founder and former CEO Changpeng CZ Zhao says he applied for a pardon from United States President Donald Trump.
The Binance founder cites Trump's BitMEX pardons as precedent while noting his unique status as the sole BSA violator sentenced to prison.
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