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In April 2019, Binance launched Binance Smart Chain, which has smart contract functionality and is an Ethereum competitor. In February 2018, Forbes placed him third on their list of "The Richest People In Cryptocurrency," with an estimated net worth of $1.1-2 billion. [14] [16] In 2019, Zhao launched Binance's U.S. affiliate, Binance.US. [17]
SEATTLE (Reuters) -Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the ...
Cross-Strait relations. A spokesman for the Taiwan Affairs Office of People's Republic of China says Taiwan is barred from observing this year’s World Health Assembly because current President Tsai Ing-wen has not endorsed the Beijing view that both sides belong to a single China under the One-China policy; the spokesman further said that the health of people in Taiwan is not being put at ...
The lawyers for former Binance CEO Changpeng Zhao insist the crypto billionaire is not a flight risk. The Justice Department isn’t so sure. On Tuesday, the U.S. government announced criminal ...
With Zhao stepping down as Binance CEO as part of his sentencing agreement, his exchange’s future looked shaky as its market share tumbled toward the end of 2023. Under new CEO Richard Teng, a ...
After an unprecedented boom in 2017, the price of Bitcoin fell by about 65% from 6 January to 6 February 2018. Subsequently, nearly all other cryptocurrencies followed Bitcoin's crash. By September 2018, cryptocurrencies collapsed 80% from their peak in January 2018, making the 2018 cryptocurrency crash worse than the dot-com bubble 's 78% ...
The estate of defunct crypto exchange FTX filed a suit against Binance and its former CEO ChangPeng Zhao seeking to recoup almost $1.8 billion FTX alleges was “fraudulently” transferred to ...
Disasters and accidents October 2017 Northern California wildfires U.S. President Donald Trump declares the 17 Northern California wildfires a major disaster. The fires have destroyed 180 square miles in California's wine country where mass evacuations are underway. The fires have killed at least 15 people with more than 150 others missing and at least 2,000 homes and businesses destroyed ...