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DoJ seeks 3-year sentence for Binance founder CZ

By Yugocean | Crypto Today | 25 Apr 2024

DoJ seeks 3-year sentence for Binance founder CZ

Court: Judge Richard A. Jones of the Western District of Washington is on Changpeng Zhao's (CZ) case. According to sources, CZ is set to be sentenced on April 30 in Seattle.

DoJ Prosecutors: DoJ earlier was settling for. $50M fine and 18 months sentence for CZ, but now it is asking for double sentence (36 months), for his "willful violation" of the law. 

CZ side Reaction:

Lawyers Oppose: CZ's lawyers opposes DoJ sought 3-year sentence, and argued the sentence should be probation, not prison.

  CZ writes to Judge: Meanwhile, CZ has send a letter to Judge Richard, apologising for his poor decision, and taking full responsibility.




Coinbase Releases TV Ads

Pizza Ad : Coinbase recent released TV commercial featuring pizza is viral. Although it may be related to Bitcoin Pizza,

Ads Promotion : Coinbase is the largest exchange in the US, but it makes sense to expand its reach, coinbase has released $15m TV ads budget.

More for NBA : Fox Business reporter Eleanor Terrett claims that Coinbase has prepared three commercials that will appear on four channels that broadcast NBA sports.


  HBAR surged by BlackRock Hoax

     A hoax of BlackRock's involvement in a fund tokenization project on Hedera put double bull on HBAR's value cart which jumped above 100%, but after BlackRock's denial, the value slumped too. However, HBAR's value is still on high profit mode in comparing to 24 hours value.


  Tether Will Support US Sanctions on Venezuela

  The U.S. has recently decided to reimpose sanctions on Venezuela's oil exports. Venezuela’s state-run oil firm, PDVSA, was planning to use USDT stablecoin to pass sanctions, forgetting that USDT issuer Tether is a centralised platform. As PDVSA's plan came out, Tether issued a warning saying it would freeze wallets that were using USDT to evade US sanctions on Venezuela.


  27th quarterly BNB burn is complete

BNB Chain has completed the 27th quarterly BNB token burn.

० 1,944,452.51 BNB worth $1.17 billion were burned on Apr-24-2024 (at 05:25:41 AM +UTC).

० No BNB burned from the Pioneer Burn Program.

० It costed 0.000063 BNB transaction fees, and 0.000000003 BNB as gas price.

Full Details


 Buterin digs at ZKasino 

  Vitalik Buterin has taked about ZKasino in his resent Warpcast post. ZKasino is becoming open target of being scam.


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