Binance has reached a $4.3 billion settlement with US authorities. This comes after allegations of non-compliance with anti-money laundering laws and sanctions regulations. Changpeng “CZ” Zhao, the founder of Binance, has admitted to failing to comply with required anti-money laundering programs and is stepping down as CEO. He will personally pay $50 million as part of the settlement.
Investors and traders have recently expanded their attention from bitcoin to altcoins such as ethereum and binance coin. Ethereum has experienced a large increase in value in recent days, while BNB, Binance’s coin, has also risen considerably. A diversification from bitcoin to altcoins is normal in a bull market, but other factors such as a possible ethereum spot ETF also influence the shift of money.
Over the past week, bitcoin’s value fell 2.8%, struggling to stay above $52,000. The bears eventually gained the upper hand, leading to a drop in the bitcoin price to $50,869.16, which is a 2.2% decline from seven days earlier.
Recently, key insights into Bitcoin’s early days have come to light through the publication of emails between Satoshi Nakamoto, Bitcoin’s mysterious creator, and his earliest Bitcoin contact, Martti Malmi. This 120-page correspondence was published on GitHub on February 23 and offers a unique look at the development and thoughts behind this revolutionary digital currency.
Source: https://bitcoinmagazine.nl/nieuws/goedemorgen-bitcoin-288
