Binance CEO Attempted to Shut Down U.S. Exchange Amid Regulatory Scrutiny
Binance CEO Changpeng Zhao reportedly tried to shut down the company's U.S. exchange earlier this year to protect the global exchange from increasing regulatory scrutiny. The Binance.US board of directors, chaired by Zhao, voted on whether to liquidate the $4.5 billion-valued U.S. exchange, but failed to achieve unanimous support.
Standard Chartered CEO in Hong Kong Affirms Support for Crypto Companies with Due Diligence Measures
Standard Chartered's CEO in Hong Kong, Mary Huen, has affirmed the bank's support for virtual asset trading platform companies, stating that the group views virtual assets as an important part of the future of the financial sector. Huen noted that the bank has specific frameworks in place for opening accounts for these types of companies, provided they meet the bank's due diligence, anti-money laundering, and risk management requirements.
Xu Yuanhong, Former WeBank Executive, Becomes CEO of Hong Kong's Virtual Bank, Fusion Bank
Hong Kong-based virtual bank Fusion Bank has announced that Xu Yuanhong has been appointed as its new executive director and chief executive officer, replacing current executive director and chief executive officer Zhou Ming, hk01 reported. Mr. Tsui has extensive experience in the financial services industry. Prior to joining Fusion Bank, Mr. Xu held senior management positions at McKinsey & Company, a global consulting firm, and WeBank, the first digital bank in the Mainland, where he was involved in formulating the bank's strategic vision and development path.
Binance To Start Full Service on New Platform in Japan in August
According to Jinshi reports, Binance CEO Changpeng Zhao (CZ) said that Binance will start providing full services on the new platform in Japan in August.
Former Terraform Labs CEO Do Kwon Jailed, COO Takes Over as Company Faces Uphill Battle
Chris Amani, who previously served as Terraform Labs' COO and CFO, has taken over as CEO in the absence of former CEO Do Kwon, who is currently in jail in Montenegro awaiting possible extradition. Amani stated that the company is not planning to launch another stablecoin, but instead wants to create products with real utility for users.
Nansen Ceo: Pleasrdao's Official Twitter Account Has Been Hacked
Nansen CEO Alex Svanevik issued a warning that the official Twitter account of the encrypted art collection platform PleasrDAO had been hacked and advised not to interact with it.
Coinbase CEO to meet US House Democrats on Wednesday
Coinbase CEO Brian Armstrong is reportedly scheduled to meet with a group of centrist House Democrats to discuss digital-asset legislation, tax, national security, privacy, and climate. The meeting will be held behind closed doors on Wednesday morning. Armstrong has been an outspoken critic of the SEC and has pushed for clearer crypto rules in Washington. The crypto industry has recently attacked SEC Chair Gary Gensler after the agency sued Coinbase and Binance for allegedly breaking securities laws.
Ripple CEO Hopes Landmark SEC Ruling Will Serve as Wake-Up Call for US Congress and Benefit Entire Crypto Industry
Brad Garlinghouse, CEO of Ripple, believes that the recent ruling by Judge Torres in the legal battle between Ripple and the US SEC could have a positive impact on the entire crypto industry. He hopes that the ruling will serve as a wake-up call to US Congress for upcoming regulations.
Co-Founder of Generative AI Startup Stability AI Files Lawsuit Alleging Fraud and Embezzlement by CEO Emad Mostaque
Cyrus Hodes, a co-founder of generative AI startup Stability AI, has filed a lawsuit against the company and its CEO, Emad Mostaque, alleging fraud and embezzlement. Hodes claims that Mostaque misled him regarding the value of his stake in the business, which was sold for $100 but would have been worth $150 million.
Multichain CEO Detained by Chinese Police, Project Forced To Cease Operations
Multichain, a cross-chain project, has confirmed that its CEO Zhaojun was detained by Chinese police and is still in custody.
