Binance will make a "full withdrawal" from the U.S. as part of its agreement with FinCEN and appoint a monitor for 5 years to oversee the sanctions compliance program. - During that time, the U.S. Treasury Department will have access to Binance's data and systems. - "We are not just prosecuting egregious behavior... but we are also... removing Binance from the United States entirely". It's official: CZ is stepping down as Binance CEO The exchange's new CEO will be (Richard Tang, the former global head of regional markets. Binance reported that they have reached an agreement with several US agencies regarding their investigations. With this deal, the exchange will be able to continue normal operations and avoid further prosecutions from the US. Reuters state that the company will pay $1.81 billion over 15 months and another $2.51 billion as part of the agreement with the US DOJ. Zhao himself is expected to pay $50 million.
The Perfect Storm Is Brewing for Bitcoin in 2024 ๐ By Lau Vegys, Analyst, Inside Wall Street with Nomi Prins Bitcoin has been riding a bullish wave of news and rumors of an imminent approval for the BlackRock exchange-traded fund (ETF). Despite kicking off the year at just under $17,000 per coin, Bitcoin just recently crossed the $37,000 mark. Thatโs an impressive 118% increase. While there has been some pullback since then, we believe it could be just the start of Bitcoinโs next big rally. So today, I want to look at three catalysts that could propel Bitcoin's price to new levels in 2024. Spoiler alert: yes, one of them is the eventual arrival of a spot Bitcoin ETF. But the other two might surprise you.
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