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From the New York Times:
Changpeng Zhao, founder of Binance, one of the largest crypto currency exchanges, has plead guilty to money laundering. He has been fined $50 million, and will step down feom CEO. The company itself also plead guilty and will pay $4.3 BILLION on fines and restitutions.
Bloodbath in crypto market: Here’s why $600 billion vanished into thin air and should you buy the dip?
Bloodbath in crypto market: Here’s why $600 billion vanished into thin air and should you buy the dip?
All major and minor cryptocurrencies, including popular coins such as Bitcoin, Etherium and DogeCoin, nosedived in the past 24 hours. Most of the coins plunged by over 40% intraday to their lowest levels in the past few months, creating a panic among investors and the overall crypto market. While a few coins made a quick recovery, most of the cryptocurrencies are still trading in the red zone.…
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