Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital. Binance founder Changpeng CZ Zhao has been ordered to stay in the United States until his sentencing in February, with a federal judge determining theres…Read More

Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request. Binance compliance commitments with the United States Department of Justice (DOJ) were unsealed on Dec. 8, revealing a significant government oversight of the crypto exchange operation and business activities.In an analysis shared on X (formerly Twitter),…Read More

Tether is expanding control sanctions to the secondary market in an effort to cooperate with regulators in the United States. Stablecoin issuer Tether has announced another step toward cooperation with law enforcement and regulatory agencies by initiating a voluntary wallet-freezing policy, according to a blog post on Dec. 9. Since Dec. 1, Tether has been offering…Read More

A bug on an Immediate-or-Cancel order led to the drainage of nearly $700,000 from Lifnity’s LFNTY-USDC pool. Decentralized exchange (DEX) Lifinity had its LFNTY-USDC pool drained by an arbitrage bot on Dec. 8. According to Lifinity’s Discord channel, an unexpected response to a failed trade caused the $699,090 loss.A Lifinity’s core member known as Durden…Read More

Cardano price continues its rebound move in December, with ADA price up 75% already as altcoins catch up to Bitcoin’s rally. The price of Cardano (ADA) jumped over 19% to $0.64 on Dec. 9, its highest level in 18 months. It’s up 75% in December alone. Cardano’s recent gains did not accompany any groundbreaking fundamentals. Instead,…Read More