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The founder of Binance is sentenced to four months in prison: he will be the richest person to go to jail in the US
businessman pleaded guilty to violating US anti-money laundering laws The court has issued a sentence substantially lower than that suggested by prosecutors
Binance founder Changpeng Zhao has been sentenced to four months in prison after pleading guilty to violating US anti-money laundering laws. The sentence was imposed Tuesday in Seattle by U.S. District Judge Richard Jones. The 47-year-old businessman was not immediately taken into custody and left the premises once the hearing was over. It is still unclear in which federal detention center he will serve his sentence.
As Reuters points out, prosecutors had requested three years in prison after considering that the executive had launched a โWild Westโ model beneficial to members of terrorist groups and other criminals who carried out operations with cryptocurrencies. Judge Jones, however, said the suggested sentence was inappropriate because it had not been proven that Zhao knew that the funds passing through the platform were related to crimes.
Changpeng Zhao will spend four months in prison Today's sentencing hearing is the final chapter of a long judicial process that has had as its epicenter the activity of the most used cryptocurrency exchange in the world. The Court concluded that Zhao had put the growth of Binance before compliance with the regulations to which financial institutions in the United States are subject, which is why the platform was used for a variety of illicit activities.
Between 2018 and 2022, Binance reportedly processed at least $800 million in transactions that violated US regulations. Some clients, they claim, made unauthorized transactions with residents of Iran. It is also noted that the platform has been
NFPrompt Suffers Hack, FBI Investigates and Funds Frozen
According to Foresight News, NFPrompt has disclosed an attack on its X platform, with hackers infiltrating some wallets, including the NFP contract manager's wallet, and illegally controlling some NFP treasury and ecosystem funds. The team has stated:
1. They have transferred all ownership of NFP's smart contracts to a new address, effectively cutting off the attack vector. Users' NFP and assets on the platform are safe;
2. The Federal Bureau of Investigation (FBI) has intervened in the investigation, and officials have called for major CEXs to freeze any funds related to the hackers. Before further notice on this incident, please do not accept NFP from untrusted sources, as NFP tokens related to the hackers will be marked and confiscated;
3. The team has requested its partner CEX to suspend deposits during the investigation. Similarly, they urge DEX to temporarily stop all liquidity pool activities involving NFP tokens as a precautionary measure;
4. Additionally, the team is collaborating with Web3 security company SlowMist and Chainalysis to monitor the hackers' on-chain activities.
At the current block mining time $BTC halving will happen in 52 days or on April 22, 2024. Since the beginning of the current #halving period, the price grew 580% whilst during past halvings it grew for at least 1240%.
If the #Bitcoin price grows as much as it did during the past halvings, one BTC would be worth at least $115,000 in April.
In a monumental move, Nigeria has tightened its grip on the cryptocurrency landscape, **blocking access** to major exchanges such as **Binance, Kraken, Coinbase, and Others**. This seismic decision sends shockwaves through the global crypto community, sparking intense debate and speculation.
๐ **Locked Gates, New Frontiers:** With access restricted, the Nigerian crypto ecosystem faces a crossroads. But where some see barriers, others see opportunities. This unprecedented development ignites innovation and paves the way for new, resilient platforms to emerge.
๐ก **Redefining the Future:** Nigeria's stance reshapes the narrative of cryptocurrency adoption, prompting reflection on regulations, decentralization, and the evolving dynamics of digital finance worldwide.
Stay tuned as the world watches closely, witnessing history unfold in real-time. The future of crypto has never been more intriguing, more uncertain, or more ripe with potential. #Write2Earn#Regulation#BREAKING#CryptoBan#CryptoNews ๐๐ฅ
SafeOne Chain: Pioneering Security and Innovation in the Crypto Space
In a rapidly evolving crypto landscape marred by scams and uncertainties, SafeOne Chain emerges as a beacon of trust and innovation. With a relentless focus on security, transparency, and technological advancement, SafeOne Chain aims to revolutionize the way we perceive and interact with blockchain technology. Let's delve into the comprehensive ecosystem of SafeOne Chain, encompassing key technologies and groundbreaking solutions:1. SafeOne Private PoS BlockchainSafeOne Chain introduces a state-of-the-art Private Proof-of-Stake (PoS) Blockchain, setting new standards for security and reliability. This dual-state blockchain system features a rigorous vetting process for project onboarding, ensuring that only credible and trustworthy projects gain access to the platform. Leveraging innovative consensus mechanisms and tokenized insurance for risk claims, SafeOne Chain provides a secure environment for deploying contracts and software applications.2. SafeOne StakingSafeOne Staking offers a streamlined staking experience, allowing users to lock up their tokens and participate in network activities while earning rewards. Through standardized staking pools, SafeOne Chain incentivizes community participation and collaboration with valuable crypto projects. By staking their tokens, users contribute to the network's security and consensus mechanism, fostering a decentralized and resilient ecosystem.3. SafeOne HarvestHubSafo's "HarvesHub" introduce a novel approach to yield farming, diverging from traditional DEX-based transactions. In this framework, tokens are acquired directly from the SafeOne team via an over-the-counter (OTC) trade, providing investors with a secure and efficient way to contribute liquidity. Automated smart contracts manage all operations, ensuring transparency and fairness throughout the process. HarvestHub offer investors an opportunity to earn rewards while mitigating risks associated with impermanent loss and rug pulls.4. SafeOne ISPOSafeOne's Initial Staking Pool Offering (ISPO) provides a secure fundraising mechanism for blockchain projects, allowing users to stake their tokens in exchange for rewards and a chance to participate in the project's initial token sale. This innovative approach incentivizes community participation and engagement, fostering a sense of ownership and collaboration among stakeholders. By combining elements of staking and fundraising, SafeOne ISPO empowers projects to distribute their tokens while building a loyal and supportive community.5. SafeBurst: SafeOne's Web2 Marketing ToolSafeBurst is SafeOne Chain's proprietary email burst app, designed for powerful email newsletters. This innovative marketing tool enables projects to reach their audience effectively, driving engagement and awareness. SafeBurst empowers projects to create compelling newsletters and promotional campaigns, enhancing their visibility and impact in the crypto space.6. SafeOne Trading SafeOne is at the forefront of AI-driven trading technology, leveraging advanced algorithms to optimize trading strategies and maximize profits. By analyzing real-time market data, monitoring news and social media sentiment, and executing safe trades across decentralized and centralized exchanges, SafeOne AI Trading promises unparalleled efficiency and effectiveness. This next-generation trading system represents the future of automated trading, empowering investors with powerful tools for wealth generation and risk management.7. SafeOne Rugsafe Launchpad "TrustedLaunch"SafeOne Launchpad redefines the way crypto projects launch and raise funds, prioritizing safety, transparency, and community engagement. With features such as immediate staking earnings, investor-centric LP contribution, and a special referral program, SafeOne Launchpad offers a unique and innovative platform for project launches. By prioritizing security and community governance, SafeOne Launchpad sets a new standard for trust and reliability in the crypto space.ConclusionIn conclusion, SafeOne Chain stands as a beacon of innovation and security in the crypto industry. With its comprehensive ecosystem of advanced technologies and solutions, SafeOne Chain is poised to shape the future of decentralized finance and revolutionize the way we interact with blockchain technology. Join us on this exciting journey towards a safer, more inclusive, and prosperous future with SafeOne Chain.You find SafeOne Chain on BSC network0x9320 bdb3c8f3d 0b1313726 efbb0f0061 ebf149adThis is a sponsored article! #Write2Earn#BSC#Innovation#Security#trading$BNB $ETH $BTC
Britain's Economy Faces Recession in the Shadow of Political Turbulence
In a disheartening turn of events, Britain finds itself grappling with the throes of a recession that struck in the latter half of 2023, casting a somber hue over the impending Prime Ministerial elections. The recent data released by official sources unveils a contracted Gross Domestic Product (GDP) by 0.3% in the final quarter of the year, following a 0.1% shrinkage in the preceding quarter, marking the steepest decline since the first quarter of 2021.Sterling has witnessed a weakening trend against major currencies like the dollar and the euro, exacerbating concerns among investors who are now hedging their bets on the likelihood of interest rate cuts by the Bank of England (BoE) in the upcoming year. Furthermore, businesses are clamoring for more robust governmental support as they anxiously await the unveiling of the budget plan slated for March 6.The economic downturn places Britain in the company of Japan among the Group of Seven advanced economies grappling with recessionary pressures. Although projections suggest a transient and shallow recession by historical standards, the ramifications are palpable, with Britain's economy hovering merely 1% above its pre-pandemic levels, with only Germany among G7 peers faring worse.Prime Minister Rishi Sunak's pledge to reignite economic growth has assumed pivotal importance against this backdrop. Despite the Conservative Party's longstanding reputation for economic stewardship, recent opinion polls indicate a shifting tide of trust towards the Labour Party concerning economic management.Analysts forewarn of a historic downturn in living standards for British households, a phenomenon unseen since the aftermath of the Second World War. Ruth Gregory, deputy chief UK economist at Capital Economics, underscores the political ramifications of the GDP figures, particularly pertinent amidst ongoing by-elections.Finance Minister Jeremy Hunt remains resolute in his commitment to the existing fiscal strategy, advocating for tax cuts to fortify economic resilience. However, the opposition Labour Party remains skeptical, casting doubts on the efficacy of the current economic trajectory.Amidst tightening fiscal constraints, reports suggest a potential recalibration of public spending plans to accommodate pre-election tax cuts, further underscoring the delicate balancing act confronting policymakers.Looking ahead, the Bank of England faces mounting pressure to recalibrate monetary policy, with inflation dynamics and economic performance playing pivotal roles in shaping future decisions. While speculation mounts over the prospect of interest rate cuts, Governor Andrew Bailey emphasizes the need for caution, citing the imperative of substantial evidence before embarking on such measures. As Britain navigates the complexities of economic resurgence amidst a backdrop of political upheaval, the road ahead remains fraught with challenges. The resilience of its economy, coupled with prudent policymaking, will ultimately determine its trajectory in the post-recession era.Next report will be about the US Manufacturing index. Please follow us and like the articles to push the news so far as possible. #UKGDP#Write2Earn#News#cryptosignals$BTC $BNB $ETH
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