Bitcoin crosses $38,000 for the first time in 2023: CNBC Crypto World

CNBC Television published this video item, entitled “Bitcoin crosses $38,000 for the first time in 2023: CNBC Crypto World” – below is their description.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Rich Rines, contributor at Core DAO, discusses Binance’s settlement with U.S. government officials and what is means for the crypto industry. He also weighs in on whether Binance will be able to maintain its dominance as a crypto exchange.
Chapters:
00:00 – CNBC Crypto World, Nov 24, 2023
0:21 – Bitcoin and ether rise
1:42 – Rich Rines of Core DAO
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In This Story: Binance

Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

The company has launched various cryptocurrencies: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.

Binance is currently under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

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