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Binance launches the world’s first crypto triparty deal

Binance introduces a pioneering triparty agreement with a banking partner, offering a secure solution for institutional investors to manage counterparty risks in the crypto market. Binance has successfully executed the world’s first cryptocurrency triparty arrangement with a banking partner, although the specific banking partner was unidentified. This significant development offers a first-in-crypto

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Binance, Changpeng Zhao agree to $4.3b deal with US authorities; whales exploring emerging crypto AI presale

Binance CEO Changpeng Zhao has agreed to pay $4.3 billion to settle money laundering allegations with U.S. authorities. This significant settlement will impact Binance’s net worth and likely affect the price of its native token, BNB. Investors are already reacting to the news, with BNB declining by over 17%. Investors seeking

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Bitcoin, EOS, and BNB prices fall after Binance deal; InQubeta draws investors

The Binance exchange aims for its native Binance Coin (BNB) to regain favor as a viable crypto investment following the resolution of its legal issues with the U.S. Securities and Exchange Commission (SEC).  The settlement involved Binance CEO Changpeng Zhao pleading guilty to violating U.S. anti-money laundering laws and agreeing to

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Changpeng Zhao Faces Travel Restrictions amid Plea Deal and Legal Battle

Zhao’s guilty plea stems from accusations that Binance violated the Bank Secrecy Act by knowingly allowing US customers on the platform without conducting proper KYC and AML checks.  In a recent development in the legal saga surrounding Binance Holdings Ltd‘s former CEO Changpeng ‘CZ’ Zhao, prosecutors are intensifying efforts to keep

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FTC enhances investigative procedures to deal with AI-related lawbreaking

The United States Federal Trade Commission (FTC) approved a new streamlined process for investigating cases involving the unlawful use of artificial intelligence (AI), marking an increased focus on addressing potential legal violations related to AI applications.The FTC unanimously approved a measure to streamline its staff’s ability to issue civil investigative

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US officials announce $4.3B settlement with Binance, plea deal with CZ

Officials with the United States Department of Justice announced that Binance CEO Changpeng “CZ” Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the exchange.“In a Nov. 21 press conference, Attorney General Merrick Garland announced that CZ entered his plea in person in

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