The Block and Binance were working on a potentially lucrative strategic partnership for more than a month, a source with knowledge of the negotiations told Modern Consensus. Then, on Nov. 21, the crypto news and research site published a story claiming that a police raid forced Binance out of its Shanghai offices. Not only was that wrong—at least about the police raid part—it enraged cryptocurrency exchange Binance’s billionaire CEO, Changpeng “CZ” Zhao. He promptly jumped on Twitter, telling his 450,000 followers that The Block’s story was a lie. There was no raid, he said, and Binance hasn’t had a Shanghai office for two years. During the four-day Twitter fight that…
The Judge who accused Craig Wright of lying in court may order him to pay $650,000 to the estate of his late partner, Dave Kleiman. Wright claims to have created Bitcoin and is being sued for half of a one million bitcoin cache mined by Satoshi Nakamoto.
Federal Reserve Chairman Jerome Powell poured cold water on the idea of a United States-issued central bank digital currency happening anytime soon. Responding to two Congressmen, Powell wrote, “it is not yet clear what additional value a general purpose CBDC could provide in the U.S.”
Dave Kleiman was so desperate for money that he tried to take out a predatory payday loan the day he died, said his former partner, self-proclaimed bitcoin inventor Craig Wright