'Bitcoin Jesus' Was Arrested and Charged by DOJ With $48M Tax Evasion
"Bitcoin Jesus" was arrested in Spain this week on charges including mail fraud and tax evasion.
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"Bitcoin Jesus" was arrested in Spain this week on charges including mail fraud and tax evasion.
Changpeng Zhao, former CEO of Binance, admitted to money laundering and stepped down from his position. Richard Teng, the company's Global Head of Regional Markets, has been named the new CEO.
Following Zhao's news, pressure on major cryptocurrencies increased, resulting in the overall crypto market cap falling below $1.4 trillion on Wednesday. However, on Thursday's trade, the crypto market cap bounced back and surged nearly 3% to $ 1.42 trillion.
Binance, a cryptocurrency exchange, pleaded guilty to US DOJ and agreed to a settlement worth 4.3 billion dollars which also included the proviso that its CEO, Changpeng Zhao, step down.
International Business News: Richard Teng, a Singaporean businessman and former regulator, has been announced as the new CEO of Binance, the world's largest cryptocurrency exchang