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Changpeng Zhao , the founder of ind US try-leading cryptocurrency exchange Binance , has been sentenced to prison for four months . This sentence follows his early guilty plea for charges related to violations of the Bank Secrecy Act (BSA). Binance additionally agreed to a deferred prosecution agreement related to its failure to register as a money services business (MSB) and failure to maintain an effective anti-money laundering program. Zhao’s personal testimony at the hearing emphasized his sorrow for his actions and involved him taking responsibility for his mistakes while he led Binance. He also mentioned that his current focus is a ‘platform for online education for underprivileged kids.’ CZ to be sentenced in the US today — what to expect The four-month sentence is less than the three years recommended by prosecutors in their sentencing memo and more than the no jail time recommended by Zhao’s defense.  Changpeng Zhao’s sentencing is also...

Bitfinex Securities launched in September 2021 in the Astana International Financial Centre in Kazakhstan to provide a venue for capital raises and secondary sales of registered securities. Since that time, Bitfinex has continued to invest in this entity. In September 2022, it announced that it had “added a dedicated headcount to the team…designed internal audit procedures, and developed a pipeline of tokenised securities.” Bitfinex Securities has also continued to seek out other licenses, noting on its website that it is also regulated in El Salvador, with the Bitfinex Securities El Salvador S.A. de C.V. entity being the first to receive a “Digital Asset Service Provider” license in El Salvador. However, despite all this progress and a “pipeline of tokenised securities,” this platform has been slow to see meaningful adoption. Trading pair on Bitfinex Securities. Currently, there are only three securities listed on the “ Bitfinex Se...

The value of XRP remains a focal point in the crypto space, fueled by expectations of an impending rally following the partial regulatory clarity the token received. While the asset currently aligns with the broader market rally , there’s a prevailing anticipation that XRP is poised for further surge. In this line, crypto analyst AlanSantana , in a December 1 TradingView post, suggested that XRP is facing a potential rally of 120% in the next six months. The analysis is based on two correction scenarios that could propel XRP to new heights, challenging the highs of July when the court declared the token not a security in the Ripple and Securities Exchange Commission (SEC) case.  In the Analysis , if XRP correct s to approximately $0.51, the token is poised to experience a rally of around 85% within the next six months . However, should XRP correct to even lower levels, approximately $0.43, the token could potentially initiate a more substantial rally , reaching up to 120%. ...

Smart contract activities on the Filecoin network have surged following the Filecoin Ethereum Virtual Machine (FEVM) launch in March 2023. More smart contracts deployed on Filecoin  On-chain data reveals that the number of unique contracts deployed is currently at 2,200, while contract transactions now stand at 224,200 after recording a 1,100 increase within 24 hours of market activity. Contract balance charts are also showing a steady upward trend.  Filecoin total contract balance The Filecoin Ethereum Virtual Machine (FEVM) enables the execution of smart contracts on top of the Filecoin network. You might also like: USDT issuer freezes Ethereum address with over $4.1m Specifically, the FEVM is a runtime environment for smart contract s on the Filecoin network. These smart contract s, also called actors, can be written in Solidity.  The FEVM is fully compatible with Ethereum Virtual Machine (EVM). Accordingly, the platform allows new ERC-20 tokens to be launch...