Changpeng Zhao, the Binance mastermind and former CEO, had a monster 2023—his net worth skyrocketed by $25 billion, shrugging off a stormy crypto market and a pile of regulatory headaches for his exchange. A Bloomberg report, pulling from their Billionaires Index, pegs Zhao’s crypto-stacked wealth as jumping over $20 billion this year, leaving peers like…
The bankrupt duo of FTX and Alameda Research is back at it, shifting $10.8 million in cryptocurrency to exchanges like Wintermute, Binance, and Coinbase. According to blockchain tracker Spot On Chain, the firms—now under receivership—moved a mix of eight digital assets in their latest shuffle. The haul included 10 million StepN (GMT) worth $2.58 million,…
Bankrupt crypto exchange FTX just got the go-ahead to cash in roughly 32 million shares in digital asset trusts, a move aimed at clawing back funds for creditors burned by its 2022 collapse. A Delaware bankruptcy court filing from November 29 greenlit the sale of about $873 million in assets, with the haul set to…
A U.S. District Judge in Seattle has slammed the brakes on Changpeng Zhao’s plans to head back to the UAE, keeping the former Binance CEO stateside until his February sentencing. Judge Richard Jones flipped an earlier ruling that would’ve let Zhao jet off, siding instead with prosecutors who pushed to keep him grounded after his…
One trader believes Bitcoin (BTC) has bottomed, referencing CryptoQuant data. His preview is despite a parallel analysis by Mike McGlone, a Bloomberg analyst, who notes that the coin is still struggling with negative liquidity. $BTC – The Bottom Has Passed But Still Attractive Price "The attached chart shows Bitcoin in Google Trends and Bitcoins estimated…
The U.S. Department of Justice (DOJ) is gunning to put Sam Bankman-Fried, the ex-CEO of the now-defunct crypto exchange FTX, behind bars before his trial. In a letter to Judge Lewis A. Kaplan of the Southern District of New York’s federal court, the DOJ laid out its case, accusing Bankman-Fried of witness tampering and leaking…
Bitcoin, the heavyweight champ of crypto by market cap, has been on a three-day skid, dipping 2% in the last 24 hours to trade at $27,575 as of now, May 9, 2023. The slide kicked off on May 6 when BTC was lounging around $29,700, dragging its market cap down from $575 billion to $533…
In a wild twist straight out of a cyber-thriller, an unnamed Bitcoin user reportedly cracked into hundreds of wallets tied to Russian security services, snatching coins and funnelling them to Ukrainian volunteers amid the ongoing war. According to a now-vanished Chainalysis report, this shadowy figure hit nearly 1,000 Bitcoin addresses between February 12 and March…
CoinLoan, a European crypto-lending platform that’s been running under Estonia’s Financial Authority since 2017, has slammed the brakes on all operations following a stern court notice. Estonian regulators dropped a bombshell, banning CoinLoan from touching any assets without explicit go-ahead from an appointed liquidator, Martin Yen, who’s now stepping in as interim administrator. The order,…
Bitcoin’s back above $30,000 for the first time since June 10, 2022, fueled by calmer banking waters, a brighter investor mood, and whispers of a Fed policy pivot. The world’s top crypto by market cap surged over 8% on April 11, 2023, peaking at $30,399 before settling at $30,079 as of this writing—an 80% year-to-date…