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. On today’s show, Steven Lubka, Swan Bitcoin’s head of private clients & family offices, weighs in on the multi-billion dollar Binance settlement with U.S. government officials.

    Chapters:
    00:00 – CNBC Crypto World, Nov 22, 2023
    0:22 – Crypto prices mixed
    0:48 – Binance reaches settlement
    5:41 – Steven Lubka of Swan Bitcoin

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    What’s next for Binance after its CEO stepped down and pleaded guilty: CNBC Crypto World

    20 Comments

    1. Bitcoin's current market position is capturing attention as it hovers around a pivotal resistance level of 37k to 38K, a point that aligns with the critical golden ratio retracement level. This juncture is particularly noteworthy as the market enters December, a month traditionally marked by significant fluctuations and trends in the cryptocurrency world. Simultaneously, the stable coin sector is witnessing its dominance at a substantial support level, suggesting a possible shift in market dynamics. These concurrent developments in Bitcoin and stable coins are creating a unique scenario that leads to notable market movements….I've personally benefited from following Justin Paterson’s trading tactics, amassing 26 bitcoins in a short two-month period, which speaks volumes about his expertise.

    2. The fine is in USD. Binance holdings in USD is very small. Most of the company’s value is in crypto. They do have many months to pay. Surely they will sell off several different cryptos, so they don’t affect the values too much. They will also loose a good income source from criminals, terrorists, and US based customers. He will probably get one year in a Club Fed.
      Cryptos problem is that people price a “utopian currency” in fiat currency. The dream was to replace fiat.

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