WEB3
by BSC News
April 27, 2024
A recap of notable news from the week.
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
The U.S. Department of Justice (DOJ) is pushing for a three-year prison sentence for Changpeng "CZ" Zhao, the co-founder and ex-CEO of Binance, following his admission of violating the Bank Secrecy Act. The DOJ alleges Zhao facilitated Binance in circumventing federal sanctions and anti-money laundering regulations, prompting the call for substantial penalties.
Read the full story.
Binance executive Nadeem Anjarwalla was apprehended by Kenyan authorities following his escape from Nigerian custody. Plans for his extradition back to Nigeria are in progress, with INTERPOL cooperation expected soon. The Nigerian Economic and Financial Crimes Commission (EFCC) has accused Binance and its executives of serious offenses, including tax evasion and money laundering, totaling over $35 million.
Find more information in the article.
Nigeria's President, Bola Ahmed Tinubu, has named Emomotimi Agama, former MD of the Nigerian Capital Market Institute, as the new head of the Securities and Exchange Commission (SEC). Agama's appointment signals a pro-crypto stance, igniting hope among blockchain enthusiasts.
Learn more here.
Terraform Labs is set to limit access to its products for users based in the US. The decision follows anticipation of a court order amid an ongoing legal dispute with the SEC. This move suggests a strategic retreat in response to regulatory challenges, with potential impacts on the company's US operations.
Details in the article.
According to a report from Messari on April 24, BNB Chain experienced substantial growth in the first quarter of 2024. Market capitalization soared to $92.5 billion, marking an impressive 89% quarter-over-quarter increase. This surge positioned BNB as the third-largest cryptocurrency by market cap, trailing behind Ethereum and Bitcoin.
Read the full report.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
Related News
Latest News
5h : 22m ago
Sonne Finance Hacked for $20M, Markets Paused on Optimism Network
5h : 52m ago
Bitget Wallet Launches Bitget Onchain Layer and $10M $BWB Ecosystem Fund
May 14, 2024
Gamestop Parody Memecoin Crosses $100M Market Cap: What is $GME?
May 14, 2024
What is Maneki Memecoin?
May 14, 2024
Tornado Cash Founder Found Guilty and Sentenced to 64 Months in Prison
May 13, 2024
Binance Labs New Investment: What is Zest Protocol?
May 13, 2024
Japan’s Metaplanet Adopts Bitcoin as Reserve Asset Amid Yen's Decline
May 11, 2024
Weekly Article Recap: 5/06-5/10
More News