Crypto investors cheer talk of Binance criminal probe resolution
Crypto investors have welcomed the prospect of a resolution of a long-running U.S. criminal investigation into Binance, reckoning any deal that allows the major exchange to continue operating would remove a nagging risk to the wider market. The U.S. Justice Department (DOJ) is seeking over $4 billion from Binance as part of a proposed resolution of its probe, Bloomberg reported on Monday, citing people familiar with the discussions. A source familiar with the investigation told Reuters the investigation was nearing its conclusion, without elaborating. An announcement on the resolution may come as soon as the end of ... (full story)
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tweet: Binance CEO CZ In Discussions To Step Down As Criminal Investigation Ends Source: Forbes | Coins: BNB
The story of Germany in the years after the First World War is a striking reminder of how price stability and democracy go hand in hand. The historian Gerald Feldman famously called those troubled years “the Great Disorder”.[ 1 ] And although the relative contributions of the hyperinflation of the 1920s and the deflation of the 1930s are still debated, there is little doubt that wild swings in prices eroded the economic foundations of democracy. One of the ways in which price instability does this is by triggering large distributional effects, which often hurt the poorest in society the most. For example, ECB analysis finds that the spike in inflation over the last 18 months has disproportionately affected low-income households as they spend more of their income on necessities like energy and food, which saw surging prices.[ 2 ] These are fundamental reasons why, in most liberal democracies, central banks have been entrusted with mandates to preserve price stability. And at the ECB, we will never compromise on our mandate. That is why, in response to rising inflation, we raised interest rates at the fastest pace in our history, by 450 basis points in just over a year. And we will return inflation to our medium-term target in a timely manner. tweet: <EUR=>:*LAGARDE: NOT THE TIME TO START DECLARING VICTORY ON INFLATION *ECB'S LAGARDE: CAN ACT IF WE SEE RISING RISKS OF MISSING TARGET tweet: *LAGARDE: FUTURE DECISIONS CONDITIONAL ON INCOMING DATA *LAGARDE: CAN ALLOW SOME TIME FOR ECB POLICY TO UNFOLD tweet: ECB Pres Lagarde: Expect Headline Inflation To Rise Again Slightly
In a significant development, the Securities and Exchange Commission (SEC) has charged Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating its ...
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tweet: *BINANCE FOUNDER CHANGPENG ZHAO AGREES TO STEP DOWN: WSJ Source: Bloomberg | Coins: BNB tweet: *BINANCE'S CZ TO ENTER PLEA IN COURT IN SEATTLE TUESDAY: WSJ: BBG tweet: xBINANCE TO PLEAD GUILTY TO CHARGE, PAY FINE TOTALING $4.3B: WSJ: BBG
The Securities and Exchange Commission (SEC) sued Kraken on Monday evening, accusing one of the world’s largest cryptocurrency exchanges of illegally operating as a securities ...
Cryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory updates from Washington involving some of the biggest names in crypto: Binance, Kraken and ...