Binance co-founder Changpeng Zhao says Binance doesn’t need a “backseat driver,” even though he says his pardon from Donald Trump could allow him to. Binance co-founder Changpeng Zhao has ruled out returning to the crypto exchange, despite a pardon from US President Donald Trump opening the door for it to be possible. Zhao told CNBC’s Squawk Box on Sunday that it’s his understanding that the pardon means the former restrictions “are completely lifted,” but shot down any suggestions of going back to Binance. “I haven't really needed to go back. I didn't really want to. I thought it was a pretty good way for me to step down, away from Binance after seven years,” he said. Read more
A powerful winter storm spread a paralyzing mix of heavy snow, sleet and freezing rain from the Ohio Valley and mid-South to New England on Sunday, compounded by bitter, Arctic cold gripping much of the US east of the Rockies. Winter storm warnings were posted for most of the eastern third of the United States covering 118 million people, as the deep freeze strained energy supplies in some areas, and the National Weather Service predicted widespread, prolonged travel disruptions. An estimated 157 million Americans were warned to bundle up against cold ranging from sub-zero temperatures along the Canadian border to below-freezing as far south as the Gulf of Mexico. The Arctic blast was accompanied by gusty conditions that sent wind-chill conditions a measure of how cold it feels based on the rate of heat loss from the body plunging as low as minus 50 degrees Fahrenheit in the northern Plains. Deep snow, thick ice Some of the heaviest snowfall, up to one foot or more since the storm developed on Friday, was mea...
The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector. The UK’s financial watchdog is entering the final stages of its consultation process for a host of key proposed crypto regulations as the agency continues to work on the government’s crypto roadmap. The Financial Conduct Authority said on Friday that it is now seeking feedback on 10 crypto regulatory proposals, marking the “final step” of its consultations on potential rules for the sector. “These proposals continue our progress towards an open, sustainable and competitive crypto market that people can trust,” the FCA said. Read more