DOYR
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Binance Chief CZ To Sign Off After $4b Settlement With DOJ
Binance's current CEO, Changpeng Zhao, is reportedly signing off and stepping down from his role. The move comes as the crypto exchange faces a $4.3 billion (USD) fine alongside criminal charges from the U.S. government, which forwarded allegations against Binance's involvement with violating anti-money laundering laws and sanctions.
Zhao is scheduled to appear in federal court in Seattle to enter a guilty plea tomorrow afternoon (PST). Zhao's decision to plead guilty, set to be formalized in a Seattle federal court, implies a strategic response on the part of Binance to assuage the U.S. Department of Justice's (DOJ) intensifying crackdown on cryptocurrency exchanges.
The charges against Binance, which highlight the company's regulatory challenges, have now culminated into arguably one of the largest fines in the industry. Notably, the settlement will be made only between Binance, the Department of Justice, and the Commodities Futures Trading Commission, with the Securities and Exchange Commission left out of from participating.
The SEC previously charged CZ and Binance sometime in June with operating an unregistered exchange, alongside charges of misleading investors through a Switzerland-based fund Sigma Chain. This charge points to malpractice on the side of the exchange, with the intent of inflating trading volume for its U.S. platform.
“Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” stated SEC chair Gary Gensler.
The fine, a combination of criminal and civil penalties, can be read as a direct consequence of Binance's past practices, which were once key to Binance's rapid growth, have led to severe legal repercussions, underlining the risks of non-compliance.
While Zhao’s resignation marks a critical change in Binance's leadership, the company's operational future remains subject to the details of its agreement with the DOJ.
#DOYR
Binance's current CEO, Changpeng Zhao, is reportedly signing off and stepping down from his role. The move comes as the crypto exchange faces a $4.3 billion (USD) fine alongside criminal charges from the U.S. government, which forwarded allegations against Binance's involvement with violating anti-money laundering laws and sanctions.
Zhao is scheduled to appear in federal court in Seattle to enter a guilty plea tomorrow afternoon (PST). Zhao's decision to plead guilty, set to be formalized in a Seattle federal court, implies a strategic response on the part of Binance to assuage the U.S. Department of Justice's (DOJ) intensifying crackdown on cryptocurrency exchanges.
The charges against Binance, which highlight the company's regulatory challenges, have now culminated into arguably one of the largest fines in the industry. Notably, the settlement will be made only between Binance, the Department of Justice, and the Commodities Futures Trading Commission, with the Securities and Exchange Commission left out of from participating.
The SEC previously charged CZ and Binance sometime in June with operating an unregistered exchange, alongside charges of misleading investors through a Switzerland-based fund Sigma Chain. This charge points to malpractice on the side of the exchange, with the intent of inflating trading volume for its U.S. platform.
“Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,” stated SEC chair Gary Gensler.
The fine, a combination of criminal and civil penalties, can be read as a direct consequence of Binance's past practices, which were once key to Binance's rapid growth, have led to severe legal repercussions, underlining the risks of non-compliance.
While Zhao’s resignation marks a critical change in Binance's leadership, the company's operational future remains subject to the details of its agreement with the DOJ.
#DOYR
My Trading Signal Sharing
$ADA Long
Buying Cardano (ADA) right now could be a strategic move, depending on your investment goals and risk tolerance. Here’s a summary of the current market analysis for ADA:
Price Trends and Technical Analysis:
Current Price: ADA is trading around $0.453, with a slight downward trend recently (Finbold).Short-term Outlook: AI predictions suggest a modest increase to about $0.4613 by May 31, 2024 (Finbold). This indicates a potential small gain in the near term.Technical Indicators: There are mixed signals with some indicators like the Moving Average Convergence Divergence (MACD) showing bearish signs, while others, such as the Awesome Oscillator (AO), hint at bullish momentum (CoinGape).
Market Sentiment and Predictions:
Analysts are optimistic about ADA's long-term potential, with some predicting a possible 30-40% rally if it can break past current resistance levels (CoinGape).Some experts foresee significant growth if historical patterns repeat, with potential long-term gains reaching up to $9.98 over the next nine months (Finbold).
Network Developments:
Cardano is continuously developing its network, which includes significant upgrades like Ouroboros Genesis and enhancements to the Plutus smart contract platform. These improvements are expected to boost Cardano’s infrastructure and market appeal (Finbold).
Market Sentiment Shift:
Despite recent declines, Cardano has recorded significant milestones, such as 90 million transactions on its network, indicating robust adoption and utility (Finbold).
Before making any investment, consider the inherent risks of cryptocurrency markets, as they are highly volatile and can lead to significant losses. It’s advisable to conduct thorough research or consult with a financial advisor to align any investment with your financial goals and risk tolerance.
#WRITE2EAERN #TradingSignal #DOYR #RiskManagement
$ADA Long
Buying Cardano (ADA) right now could be a strategic move, depending on your investment goals and risk tolerance. Here’s a summary of the current market analysis for ADA:
Price Trends and Technical Analysis:
Current Price: ADA is trading around $0.453, with a slight downward trend recently (Finbold).Short-term Outlook: AI predictions suggest a modest increase to about $0.4613 by May 31, 2024 (Finbold). This indicates a potential small gain in the near term.Technical Indicators: There are mixed signals with some indicators like the Moving Average Convergence Divergence (MACD) showing bearish signs, while others, such as the Awesome Oscillator (AO), hint at bullish momentum (CoinGape).
Market Sentiment and Predictions:
Analysts are optimistic about ADA's long-term potential, with some predicting a possible 30-40% rally if it can break past current resistance levels (CoinGape).Some experts foresee significant growth if historical patterns repeat, with potential long-term gains reaching up to $9.98 over the next nine months (Finbold).
Network Developments:
Cardano is continuously developing its network, which includes significant upgrades like Ouroboros Genesis and enhancements to the Plutus smart contract platform. These improvements are expected to boost Cardano’s infrastructure and market appeal (Finbold).
Market Sentiment Shift:
Despite recent declines, Cardano has recorded significant milestones, such as 90 million transactions on its network, indicating robust adoption and utility (Finbold).
Before making any investment, consider the inherent risks of cryptocurrency markets, as they are highly volatile and can lead to significant losses. It’s advisable to conduct thorough research or consult with a financial advisor to align any investment with your financial goals and risk tolerance.
#WRITE2EAERN #TradingSignal #DOYR #RiskManagement
Crypto Mining Power Unleashed: ANTMINER KS3 Hits the Market
BITMAIN has just announced a limited-time spot sale for their ANTMINER KS3, a powerhouse in the realm of crypto mining. Boasting impressive specs of 9.4T and 3500W at an efficiency of 372J/T, this model promises to elevate mining capabilities to new heights. Starting November 13 at 9:00 PM EST, each unit will be sold for just $1,799 per terahash after applying coupons, marking a significant opportunity for enthusiasts and professional miners alike, according to BITMAINtech.
The sale terms are as intriguing as the device itself. Buyers are limited to 50 units per purchase through the BITMAIN official website, indicating the company's intent to cater to both individual and professional market segments. For those seeking to place bulk orders, BITMAIN has opened lines of communication for personalized service. With such an enticing offer on the table, the race is on for crypto miners to secure their units. The message is clear: speed is of the essence in this high-stakes
#DOYR
BITMAIN has just announced a limited-time spot sale for their ANTMINER KS3, a powerhouse in the realm of crypto mining. Boasting impressive specs of 9.4T and 3500W at an efficiency of 372J/T, this model promises to elevate mining capabilities to new heights. Starting November 13 at 9:00 PM EST, each unit will be sold for just $1,799 per terahash after applying coupons, marking a significant opportunity for enthusiasts and professional miners alike, according to BITMAINtech.
The sale terms are as intriguing as the device itself. Buyers are limited to 50 units per purchase through the BITMAIN official website, indicating the company's intent to cater to both individual and professional market segments. For those seeking to place bulk orders, BITMAIN has opened lines of communication for personalized service. With such an enticing offer on the table, the race is on for crypto miners to secure their units. The message is clear: speed is of the essence in this high-stakes
#DOYR
LIVE
Crypto_Jobs
--
Bullish
$WIF Do you see what Im seeing?? 👀
#WIF #mememcoinseason2024
#WIF #mememcoinseason2024
LIVECrypto Asia
--
Bearish
#SOL
SOL might be short.
I founded head and shoulder pattern in 1hr time frame.
4hr time frame, Also founded FVG 136 price level and OB at 133.
Hope u like update for Solana.
#DYOR!! plz do your own research .
Thanks you guy.
SOL might be short.
I founded head and shoulder pattern in 1hr time frame.
4hr time frame, Also founded FVG 136 price level and OB at 133.
Hope u like update for Solana.
#DYOR!! plz do your own research .
Thanks you guy.
🚨🚨🔥WORDS OF THE DAY🔥🚨🚨
Good Morning Friends ☀️🌞⛅️
Have a blessed Saturday ahead with lots of profits & productivity 🔥🔥🎯🎯🎯🚀🚀🚀🚀
Here’s today’s @Binance words of the day 🎯
Be positive & bullish as #Halving is approaching, don’t forget to do risk management always used low leverage min max 2x - 5x with #DOYR
#HotTrends #BNBChain #BOME 🔥🔥🎯🎯🚀
Good Morning Friends ☀️🌞⛅️
Have a blessed Saturday ahead with lots of profits & productivity 🔥🔥🎯🎯🎯🚀🚀🚀🚀
Here’s today’s @Binance words of the day 🎯
Be positive & bullish as #Halving is approaching, don’t forget to do risk management always used low leverage min max 2x - 5x with #DOYR
#HotTrends #BNBChain #BOME 🔥🔥🎯🎯🚀
guys ! $NEAR is obivisouly having great potentials one of the finest project but few important things always matter for the stability of any asset who do investment they must to do their own research .#DOYR
according to my analysis and by the advice of expert opinion there are few fundamental things which may need to know and make the confirmation before do any investment.in the given image below the pointed area must to check out ✅ if the holders are "N/A" it's mean that the major capital is holding by few group of people and if "maximum supply" and "ROI" both are missing then it's means a risky investment , you can check it on #coinmarketcap about every project .
Disclaimer: The information provided is not trading advice. am strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
#WRITE2EARN $WIF , $MATIC ,#Doge and #Ftm are 10 times better project if we compare it to Near protocol
.as we all know , there is no shortcut . always slow and steady wins the race .
according to my analysis and by the advice of expert opinion there are few fundamental things which may need to know and make the confirmation before do any investment.in the given image below the pointed area must to check out ✅ if the holders are "N/A" it's mean that the major capital is holding by few group of people and if "maximum supply" and "ROI" both are missing then it's means a risky investment , you can check it on #coinmarketcap about every project .
Disclaimer: The information provided is not trading advice. am strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
#WRITE2EARN $WIF , $MATIC ,#Doge and #Ftm are 10 times better project if we compare it to Near protocol
.as we all know , there is no shortcut . always slow and steady wins the race .
