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Prosecutors have reported that Binance, a major cryptocurrency exchange, has agreed to a $2.51 billion order of forfeiture. This news could have significant implications for the cryptocurrency market and related assets.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 6:19 pm

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Prosecutors have stated that Binance has agreed to pay a criminal fine of nearly $1.81 billion, which will be paid within 15 months of the exchange being sentenced, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 6:18 pm

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Binance, a major cryptocurrency exchange, is reportedly facing three criminal charges according to court records. These charges include operating an unlicensed money transmitting business, engaging in a conspiracy, and violating the International Emergency Economic Powers Act. The information comes from Reuters, which cited the court records.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 6:14 pm

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U.S. prosecutors have unsealed a criminal case against the cryptocurrency exchange Binance, according to Reuters citing court records. The details of the charges are not specified in the provided information.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 6:14 pm

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The Alabama Medical Cannabis Commission (AMCC) is close to resolving disputes with license applicants, potentially allowing it to proceed with medical cannabis license allocation. A settlement, pending ratification at the AMCC's Nov. 27 meeting, would end legal actions against the AMCC by Alabama Always LLC, Medella LLC, and Verano Holdings Corp. (OTCQX:VRNOF). The settlement includes discarding initial application scores, dismissing related legal actions, and allowing applicants to resubmit materials. The article also promotes Benzinga PotProfits, highlighting past gains in cannabis stocks like GTBIF, TCNNF, and VFF.

Portfolio Pulse from Jelena Martinovic

November 21, 2023 | 6:01 pm

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On Monday, 8,543.67 Ether (ETH) valued at approximately $16.9 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -10.10% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 6:00 pm

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White House spokesperson John Kirby has called for the unconditional release of a ship and its crew by the Houthis in the Red Sea. The situation could potentially escalate tensions in the region, which may affect global markets and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:44 pm

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Binance CEO Changpeng Zhao is reportedly resigning and admitting guilt to U.S. anti-money laundering charges, with Binance agreeing to a $4.3 billion penalty. This settlement could secure the company's future operations. Zhao will keep his majority stake but step down from any executive role. The DOJ is expected to announce details in a briefing.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 5:44 pm

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The White House has issued a strong condemnation of North Korea's use of ballistic missile technology in the launch of a space launch vehicle, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:23 pm