Bitcoin
The economic beliefs of Argentina’s new president contrast starkly with the foundational beliefs of Bitcoin enthusiasts.
Grayscale executives have sat down with the SEC to discuss the details around converting GBTC into a spot Bitcoin ETF.
Business
Binance CEO Changpeng Zhao was released from custody on a $175 million bond – the conditions of which permit him to leave the US until his February sentencing.
The DOJ charged the world’s largest cryptocurrency exchange with operating as an unlicensed money laundering business and violating securities law. Richard Teng will replace Zhao as CEO.
“Financial advisors have been like horses in the starting gate of a race,” says Ric Edelman, founder of the Digital Assets Council of Financial Professionals.
The head of research at 3iQ, Mark Connors, said that bitcoin has asymmetric returns – a feature that investors widely covet.
The flow of funds indicates that $22.4 million worth of crypto stolen from liquidity provider Kronos Research originated from Binance.
Bittrex Global announced that it will halt all trading and cease operations by Dec. 4 after a series of hurdles with US regulators.
Regulation
The filing is the latest against a major exchange as the SEC ratchets up its efforts to regulate the industry.
But Binance founder Changpeng Zhao could still face criminal charges.
