Business

Changpeng “CZ” Zhao took the opportunity to distance himself from recent accusations against Binance that it was involved in processing transactions that could enable the financing of terrorism in Iran. “I have no interest in doing this,” said the exchange’s founder and former chief executive, who agreed to leave his company as part of a

Prediction markets platform Polymarket on Wednesday announced the acquisition of Brahma, a financial infrastructure company that has built real-time execution and settlement systems for high-volume digital asset and fintech transactions. “[Brahma has] quickly becoming an industry leader in building and developing programmable systems spanning blockchain systems, transaction execution and payments,” Polymarket said in an emailed

Losing a race is unusual for the crypto industry’s political action committee, Fairshake, which posted a dominant record in the last two congressional elections. But the Illinois primary this week suffered its biggest setback on record, and will likely end with a new member of the Senate next year, someone the PAC spent more than

FTX Recovery Trust said Wednesday it will distribute about $2.2 billion to creditors on March 31 as part of its bankruptcy recovery process, with additional payments to preferred stock holders expected later this year. The payment marks the fourth distribution under FTX’s Chapter 11 reorganization plan and will go to “practical” and “non-practical” class creditors