🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Binance founder Changpeng Zhao to help Pakistan boost crypto trading bid
Economic Times
·
3m ago
Medial
Pakistan has enlisted Binance co-founder Changpeng Zhao to establish a competitive digital finance platform. As a strategic advisor, Zhao will assist Pakistan's Crypto Council in regulation, infrastructure, education, and adoption. This initiative aims to attract foreign investments, crucial for stabilizing the country's economy post-2023 financial crisis. With crypto trading growing among its 230-million population, Pakistan seeks to become a regional hub for Web3, digital finance, and blockchain-driven growth.
View Source
5
Related News
Pakistan allocates 2,000-MW capacity to power Bitcoin mining
Economic Times
·
2m ago
Medial
Pakistan has allocated 2,000 MW of electricity to support Bitcoin mining and AI data centers in a move to legalize cryptocurrency and attract investments. The Pakistan Crypto Council aims to monetize surplus energy and create jobs through this initiative. The government is seeking to boost the economy and establish a regulatory framework for the crypto ecosystem. The country has engaged Binance co-founder Changpeng Zhao to develop a digital finance platform and advance blockchain innovation.
View Source
Binance founder Changpeng Zhao says prison inmates and guards asked him for crypto tips
Business Insider
·
9m ago
Medial
Binance founder Changpeng Zhao recently gave an interview after being released from prison in September. While incarcerated, inmates and guards sought his crypto advice due to his wealth and knowledge. However, Zhao was unable to access market information or maintain his preferred diet while behind bars. He spent his time working out, writing a book, and befriending a fellow inmate knowledgeable about crypto. Zhao is now focused on exploring investments in AI and biotech industries, and has founded the nonprofit Giggle Academy.
View Source
CZ has left Binance, SBF Is in jail. Crypto is about to get boring
Wired
·
1y ago
Medial
In a significant development, Binance, the world's largest crypto exchange, and its founder Changpeng Zhao (CZ) have pleaded guilty to criminal charges in the US. According to the indictment, Zhao prioritized growth and profits over compliance, leading to clashes with regulators. The agreement reached with the US Department of Justice requires Binance to pay a $4.3 billion penalty, operate under tighter supervision, and replace Zhao as CEO. The appointment of Richard Teng, a former regulator, as the new CEO signals a shift towards cooperation with regulators in the crypto industry. This outcome is seen as a positive step in cleaning up the industry's image.
View Source
US seeks 36 months in jail for Binance founder Changpeng Zhao
Economic Times
·
1y ago
Medial
The founder of Binance, Changpeng Zhao, may face a 36-month prison sentence for violating money laundering laws, according to U.S. prosecutors. Zhao stepped down as Binance's chief last year after admitting to the violations and agreeing to a $4.32 billion penalty. Prosecutors argue for an above-guidelines sentence, stating the magnitude of Zhao's violation justifies it. Binance failed to report over 100,000 suspicious transactions, including those involving terrorist groups, while also supporting the sale of child sexual abuse materials. Zhao agreed to pay $50 million and cut ties with Binance.
View Source
US court approves order for Binance to pay $2.7 billion to CFTC
Economic Times
·
1y ago
Medial
A US court has approved a settlement that requires cryptocurrency exchange Binance and its former CEO, Changpeng Zhao, to pay a total of $2.85 billion in fines to the US Commodity Futures Trading Commission (CFTC). Zhao will pay $150 million personally, while Binance will have to disgorge $1.35 billion of ill-gotten transaction fees and pay an additional $1.35 billion penalty to the CFTC. The settlement resolves a case brought by the CFTC that accused Binance of money laundering and violating US anti-money laundering and sanctions laws.
View Source
Founder of Binance, world’s largest crypto firm, sentenced to four months
Livemint
·
1y ago
Medial
Billionaire Changpeng Zhao, founder of Binance, the largest cryptocurrency exchange, has been sentenced to four months in jail and a $50 million fine for violating U.S. anti-money laundering laws. Zhao pleaded guilty to the charges in November and stepped down as CEO of Binance. The sentence marks the culmination of a multiyear investigation into the exchange and demonstrates how U.S. regulators are cracking down on the cryptocurrency industry. Binance also pleaded guilty to anti-money laundering violations, agreeing to pay fines of $4.3 billion and accept oversight by an independent monitor.
View Source
US judge signs off on Binance, former chief Changpeng Zhao's plea deals with DOJ
Economic Times
·
1y ago
Medial
US District Judge Richard Jones in Seattle has approved plea deals between Binance Holdings, its former chief Changpeng Zhao, and US prosecutors. Binance agreed to pay over $4.3 billion and pleaded guilty to violating US anti-money laundering and sanctions laws, while Zhao also pleaded guilty and is awaiting sentencing in February.
View Source
Binance US CEO Brian Shroder to leave, firm to lay off 100 people
Economic Times
·
1y ago
Medial
Brian Shroder, the CEO of Binance US, will leave the company, and Norman Reed, the general counsel, will serve as interim CEO. Binance US also plans to cut over 100 positions. This move aims to provide Binance.US with seven years of financial stability and allow it to operate as a crypto-only exchange. Binance has faced significant regulatory scrutiny in the United States, including a lawsuit by the SEC alleging multiple charges against the company and its CEO Changpeng Zhao.
View Source
Binance CEO Changpeng Zhao might step down
Economic Times
·
1y ago
Medial
Binance CEO Changpeng Zhao might step down from his position. According to reports, Zhao is in discussions to resign as the CEO of the cryptocurrency exchange amid increasing regulatory scrutiny. Binance has been facing regulatory challenges in various countries, and Zhao's potential departure could be a response to these issues. No official confirmation has been made regarding his resignation.
View Source
US prosecutors want Binance's Changpeng Zhao to remain in US until sentencing
Economic Times
·
1y ago
Medial
US prosecutors are seeking a court order to require Changpeng Zhao, the founder of Binance Holdings, to stay in the US before his sentencing on February 23, 2024. Zhao recently pleaded guilty to violating US money laundering laws. The Department of Justice wants to prevent him from returning to the United Arab Emirates until after his sentencing. Zhao is currently expected to stay in the Seattle area until Monday evening, after which he may be allowed to return to his UAE residency.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
