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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16853633" data-attributes="member: 137766"><p><a href="http://thestreet.com/" target="_blank"><img src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Ql9r.img?w=36&h=36&q=60&m=6&f=png&u=t" alt="TheStreet" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p><a href="http://thestreet.com/" target="_blank">TheStreet</a></p><h3>Crypto Problems Grow: Binance Might Face Money-Laundering Charges</h3><p>Story by Luc Olinga • 1h ago</p><p></p><p>U.S. prosecutors are considering charges against the cryptocurrency exchange and its executives, including CEO Changpeng Zhao, according to Reuters.</p><p><a href="https://www.msn.com/en-us/money/markets/crypto-problems-grow-binance-might-face-money-laundering-charges/ar-AA15c0IO?ocid=msedgntp&cvid=1326f9ca910541d7bc8afeb637ddec5e&fullscreen=true#image=1" target="_blank"><img src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA15bQO3.img?w=768&h=432&m=6&x=360&y=127&s=137&d=137" alt="Crypto Problems Grow: Binance Might Face Money-Laundering Charges" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p>Crypto Problems Grow: Binance Might Face Money-Laundering Charges© Provided by TheStreet</p><p>The end of the year is proving very eventful, even tumultuous, for the crypto industry.</p><p>The fledgling <a href="https://www.thestreet.com/dictionary/b/blockchain" target="_blank">blockchain</a>-powered financial-services industry is still wondering what and who will be the collateral victims of the bankruptcy of cryptocurrency exchange FTX and its sister company, Alameda Research. </p><p>Crypto lenders BlockFi and Genesis are among the first victims. But the list is likely to grow, industry sources say. Regulators are still trying to fully piece together what happened. </p><p>On Dec. 13, Sam Bankman-Fried, the founder of FTX, will testify before the U.S. Congress, where the lawmakers will undoubtedly grill him on the overnight implosion of his empire. Whether anything worthwhile for FTX customers will come out of that hearing is an open question.</p><p>The FTX debacle, however, created at least one winner: Changpeng Zhao and his Binance group, the largest cryptocurrency exchange. </p><p></p><h3>Changpeng Zhao v. Sam Bankman-Fried</h3><p>Before the Nov. 11 bankruptcy of FTX, Zhao and Bankman-Fried were considered the two most powerful bosses in the crypto space. They are referred to by their initials: SBF and CZ. Now that SBF's group has collapsed, many now consider CZ the new king of crypto. </p><p>History will also remember that it was a tweet from CZ that sounded the alarm about the finances of Alameda Research and FTX, Bankman-Fried's empire, and was the beginning of the end of Binance's rival.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16853633, member: 137766"] [URL='http://thestreet.com/'][IMG alt="TheStreet"]https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Ql9r.img?w=36&h=36&q=60&m=6&f=png&u=t[/IMG] TheStreet[/URL] [HEADING=2]Crypto Problems Grow: Binance Might Face Money-Laundering Charges[/HEADING] Story by Luc Olinga • 1h ago U.S. prosecutors are considering charges against the cryptocurrency exchange and its executives, including CEO Changpeng Zhao, according to Reuters. [URL='https://www.msn.com/en-us/money/markets/crypto-problems-grow-binance-might-face-money-laundering-charges/ar-AA15c0IO?ocid=msedgntp&cvid=1326f9ca910541d7bc8afeb637ddec5e&fullscreen=true#image=1'][IMG alt="Crypto Problems Grow: Binance Might Face Money-Laundering Charges"]https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA15bQO3.img?w=768&h=432&m=6&x=360&y=127&s=137&d=137[/IMG][/URL] Crypto Problems Grow: Binance Might Face Money-Laundering Charges© Provided by TheStreet The end of the year is proving very eventful, even tumultuous, for the crypto industry. The fledgling [URL='https://www.thestreet.com/dictionary/b/blockchain']blockchain[/URL]-powered financial-services industry is still wondering what and who will be the collateral victims of the bankruptcy of cryptocurrency exchange FTX and its sister company, Alameda Research. Crypto lenders BlockFi and Genesis are among the first victims. But the list is likely to grow, industry sources say. Regulators are still trying to fully piece together what happened. On Dec. 13, Sam Bankman-Fried, the founder of FTX, will testify before the U.S. Congress, where the lawmakers will undoubtedly grill him on the overnight implosion of his empire. Whether anything worthwhile for FTX customers will come out of that hearing is an open question. The FTX debacle, however, created at least one winner: Changpeng Zhao and his Binance group, the largest cryptocurrency exchange. [HEADING=2]Changpeng Zhao v. Sam Bankman-Fried[/HEADING] Before the Nov. 11 bankruptcy of FTX, Zhao and Bankman-Fried were considered the two most powerful bosses in the crypto space. They are referred to by their initials: SBF and CZ. Now that SBF's group has collapsed, many now consider CZ the new king of crypto. History will also remember that it was a tweet from CZ that sounded the alarm about the finances of Alameda Research and FTX, Bankman-Fried's empire, and was the beginning of the end of Binance's rival. [/QUOTE]
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