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Binance Founder Changpeng Zhao Steps Down as CEO and Pleads Guilty in $4 Billion Settlement
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Decentraland Hosts AsiaVerse Art Week 2022
September 14, 2022
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Decentraland hosted NFT projects from across Asia, including Indonesia, Japan and the Philippines during the AsiaVerse art festival.
Decentraland Features NFT Projects From Asia
Japan’s Nagoya Castle, the Philippines’ Aguinaldo Shrine, and Indonesia’s Rumah Gadang traditional homes were on display in Decentraland.
The metaverse project hosted the AsiaVerse Decentraland Art Week 2022 festival that lasted until Sept. 4. AsiaVerse partnered with MediaDAO, Utopia Family and Bored Punks of Society (BPoS) to feature different NFT projects from across Asia inside the metaverse.
2/ My vision with building in the metaverse is based on two core principles: collaboration with active local communities and bringing diverse groups together, in order to showcase cultural experiences from various parts of Asia.
— Apesian 3616.ETH | NFTAsian.eth (@TheNFTAsian) August 26, 2022
Indonesia featured projects like Si Juki, Karafuru and Mindblowon Universe.
Japan’s delegates were CryptoNinja, and artwork by BA Ukiyoe.
The Philippines showcased Bored Punks of Society, Aswang Tribe, and art inspired by a Netflix series, Trese.
“One of BPoS’s aspirations is to be a gateway in showcasing the beauty of the Filipino NFT Communities in the Metaverse Space,” Bethany Laurente, Head of Campaigns for BPoS, told BSCNews. “Hosting the Art Gallery for the Philippines was a bonus part for us [to] represent our country. We only had one mission in from the start, to educate our fellow Filipinos with the beauty of Crypto, NFTs, Investing, Web3 and the Metaverse. On top of that, we wanted to show the rich culture, history, and arts of the Philippines and how Filipinos are real craftsmen in nature even in the digital and Web3 scene.”
As of writing, Nagoya Castle was taken down but both the Aguinaldo Shrine and Rumah Gadang traditional homes were still accessible on Decentraland.
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Binance VIP Traders Informed of $4B Settlement Back in September
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December 1, 2023
The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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