A senior US regulator has suggested that the $4.3 billion settlement reached with Binance last month may represent a turning point.

Binance's $4.3B Settlement Marks Crucial Shift in Regulatory Crackdown, Says US Official | Bitcoinist.com

Richard Teng claims Binance has transformed following a $4.3B settlement. Learn how the company plans to change under its new CEO.

Richard Teng Says Binance Has Changed Following Record-Breaking Compliance Settlement

The $4.3 billion settlement between Binance and US government agencies has stirred controversy due to the SEC's absence at the announcement.

SEC's Absence at Binance Settlement Announcement Raises Questions

CFTC Commissioner Kristin Johnson told industry participants, "there is an increasingly clear template for how to operate. Take the hint."

Binance settlement likely a watershed moment in crypto regulation: CFTC Commissioner

: Binance's impact on BNB, Bitcoin Cash (BCH) decline, and VC Spectra (SPCT) surges 862.5% in presale and emerges as one of the top altcoins amidst uncertainties.

BNB and BCH Investors Shift Interest to VC Spectra's (SPCT) Latest Presale Offering | Bitcoinist.com

Binance’s $4.3 billion fine from the CFTC should be used as a “template” for how to operate, CFTC Commissioner Kristin Johnson said.

Crypto Firms Should Use Binance’s Settlement As a “Template” For How to Operate, Says CFTC Commissioner Kristin Johnson

Newly appointed CEO Richard Teng argued that Binance could “move past a challenging chapter” following its $4.3 billion settlement with regulators.

Binance CEO Richard Teng: Compliance Controls Were 'Inadequate' - Decrypt

Binance, the world's largest cryptocurrency exchange, received a multi-billion dollar penalty from the US Commodity Futures Trading Commission (CFTC), and

Why Did Binance Exchange Pay a $4.3 Billion Penalty?

Richard Teng, who just took over from founder Changpeng "CZ" Zhao amid a $4.3 billion legal settlement, didn't give specific answers to simple questions asked by the moderator when asked where the exchange is headquartered or who the exchange's auditor is.

New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto

Johnson clarified that the agency sued the crypto exchange because it "simply failed to comply with regulation," and didn't accuse it of misconduct.

Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson

The regulator has brought enforcement actions against Coinbase and Robinhood.

Regulators Not Afraid Take Action Against Crypto Rule Breakers, NYDFS Chief Says

Asset manager BlackRock disclosed in its most recent filing with the US SEC that in October 2023, it obtained $100,000

Asset Manager BlackRock Receives $100K Seed Fund for Spot Bitcoin ETF

Ripple remains a talking point among market participants that expect a settlement in the US Securities and Exchange Commission’s (SEC) lawsuit against the payment firm. 

XRP transactions exceed 1.38 million for first time since August, altcoin could extend gains

Binance's new CEO Richard Teng reflects on landmark $4.3 billion settlement with U.S. authorities, regulatory focus and expansion opportunities 

Binance’s explosive growth led to compliance failures - CEO Richard Teng on $4.3B settlement

Just like Bitcoin, Ethereum has enjoyed positive price forecasts as the market looks bright. Michael van de Poppe, in a recent tweet, predicted a price

Crypto Analyst Michael van de Poppe Forecasts $3,500 for Ethereum, Novogratz Calls Binance Settlement a Net Positive

Celestia  is the first modular blockchain network that enables anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by rethinking blockchain architecture from the ground up. It is a minimal blockchain that decouples execution from consensus by introducing a new primitive, data availability sampling. Since Celestia does not impose any execution or settlement constraints, developers are free to define their own execution and settlement environments. This unlocks new, unrealized possibilities for builders and developers.

Celestia is a departure from the status quo of monolithic blockchains. Monolithic blockchains face scaling difficulties because they perform all core functions of a blockchain such as processing transactions, ensuring that transactions are correct, and getting network nodes to agree on both the validity and ordering of transactions. Modular blockchains introduced the notion of decoupling consensus from the execution of transactions, thus achieving greater scalability without loss of security or decentralisation. 

A modular approach to blockchains opens up a world of new possibilities. Experimentation becomes much easier as new application specific or general purpose blockchains can deploy to Celestia and immediately inherit security from Celestia’s validator set. Modular blockchains enable control over the rules of an application through sovereignty because developers can make alterations to the tech stack without permission from outside applications. 

Visit Celestia docs to get started building: https://celestia.org/developer-portal/

Celestia (TIA) is a cryptocurrency. The current price of Celestia is $10.539, with a 24-hour price change of +22.70%. The volume of Celestia traded in the last 24 hours is $603,425,285.74, with a 24-hour volume change of +43.47%. The market cap of Celestia is $1,567,288,145.43, and the circulating supply is 148,714,760.626685 TIA. 

Celestia

Dukascopy Bank is pleased to announce the launch of its own service for peer-to-peer (P2P) exchange of cryptocurrencies

Dukascopy Revolutionizes P2P Crypto-Fiat Exchange With Secure Fiat Settlement

Executives of the cryptocurrency exchange Binance informed its top market makers about the possible $4.3 billion settlement with U.S. authorities,

Binance Reportedly Informs Market Makers About US Settlement

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. 

Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time. 

All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

Stacks (STX) is a cryptocurrency. The current price of Stacks is $1.09, with a 24-hour price change of -1.92%. The volume of Stacks traded in the last 24 hours is $516,917,801.22, with a 24-hour volume change of -48.01%. The market cap of Stacks is $1,551,259,918.11, and the circulating supply is 1,423,711,829.284047 STX. 

Stacks

IRS CI division chief Jim Lee said in a call with reporters Monday that crypto-related tax evasion cases are mounting.

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