Binance
December 1, 2023
The lawsuit against football icon Cristiano Ronaldo for promoting the Binance crypto exchange highlights the lack of a comprehensive regulatory framework for the burgeoning crypto market.
A group of five crypto investors are suing Ronaldo in a US District Court in Florida. They claim he “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”
Naturally, my sympathies go to those investors who have
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November 23, 2023
Changpeng Zhao, or CZ, as he's known, will cause short-term volatility within the crypto market with his departure from Binance. Still, it will continue to flourish as institutional money flows in.
On Tuesday, CZ pleaded guilty to money laundering violations. He agreed to paying a $50 million fine and stepping down from his position as the company’s CEO.
According to federal authorities, Binance has also pleaded guilty. It agreed to pay as much as $4.3 billion in fines
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