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Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing will land him in prison for an extended sentence. As part of his plea deal with the Department of Justice, Zhao agreed to step down as CEO. Once a titan of the crypto sector, Zhao grew Binance into the world's largest centralized crypto exchange globally. Unlike rival exchange FTX, which collapsed into bankruptcy when founder Sam Bankman-Fried was criminally charged, Binance has continued to operate. Binance processed a whopping $18.1 trillion worth of trading volume in 2023, according to data from CCData, a crypto market data firm.

Persons: Changpeng Zhao, Zhao, Richard Jones, Binance, Sam Bankman, Fried, Nansen, he's Organizations: Department of Justice, District, Prosecutors, Bank, U.S, Justice Department, Futures Trading Commission, Treasury Department, SEC Locations: Seattle, U.S, CCData, Iran

MILAN, N.H. (AP) — Some of the Northeast’s best young ski jumpers took flight at the country’s oldest ski club on Sunday, continuing a comeback for the once-popular winter sport featuring speed, skill and sometimes spills. The Eastern Ski Jumping Meet took place at the Nansen Ski Club in the shadow of one of the nation's oldest jumps during Milan’s 102nd annual winter carnival in northern New Hampshire. They built the 172-foot (51-meter) “Big Nansen” jump in 1937 with government help and hosted Olympic trials a year later. In 2011 ski jumping returned to the collegiate level, welcoming women jumpers for the first time. Most of the people I see at (ski jump) clubs, especially the younger kids, are mostly girls,” she said.

Persons: Nansen, “, Sports ”, Vinko Bogataj, ” Scott Halverson, Bogataj, ”, Kerry Tole, Big Nansen, ’ ” Organizations: MILAN, Nansen Ski Club, NCAA, Sports, Nansen, Eastern, Plymouth Regional High School, Sunday Locations: N.H, New Hampshire, Lake Placid , New York, Milan, American

☆ CNBC Daily Open: Back to square one?
▼ + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. There's also a board reshuffle, with Bret Taylor, former co-CEO of Salesforce and Larry Summers, former U.S. Treasury secretary, joining. Separately, OpenAI researchers reportedly warned the board of an AI breakthrough ahead of Altman's ouster.

Persons: Treasurys, Australia's, Sam Altman, There's, Bret Taylor, Larry Summers, Nansen, hasn't, Changpeng Zhao, Morgan Stanley Organizations: New York Stock Exchange, CNBC, Nikkei, U.S, Treasury, Counterpoint Research Locations: New York City, U.S, Asia, Pacific, Middle East, Africa, China, India

☆ CNBC Daily Open: A Thanksgiving lull
▼ + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last burst before a breakU.S. stocks ended Wednesday in positive territory before going on break today for Thanksgiving. Jack Ma pauses plansAlibaba founder Jack Ma is pausing his plans to sell Alibaba shares. Last week, regulator filings revealed Ma was looking to sell around $870 million worth of Alibaba shares.

Persons: Treasurys, Europe's, Jeremy Hunt, Altman's, Sam Altman, Helen Toner, Tasha McCauley, Ilya Sutskever —, Altman, Bret Taylor, Larry Summers, Adam D'Angelo, Nansen, hasn't, Changpeng Zhao, Jack Ma, Ma, Alibaba Organizations: New York Stock Exchange, CNBC, Finance, U.S, Treasury Locations: New York City, U.S

Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it's quite small," Nansen analysts said. By comparison, investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. Lawyers for Zhao, who founded Binance in 2017, did not respond to requests for comment on Wednesday. Zhao paid a $175 million bail bond, with another $15 million held in a trust account, a court filing showed.

Persons: Dado Ruvic, Changpeng Zhao, Binance, Zhao, Richard Teng, Nansen, ransomware, Arthur Hayes, Hayes, Sam Bankman, Fried, Daniel Silva, Buchalter, Luc Cohen, Michelle Price, Richard Chang Organizations: REUTERS, Nansen, U.S, U.S . Securities, Exchange Commission, Islamic, Binance, Prosecutors, Justice, Reuters, Thomson Locations: al Qaeda, Islamic State, Iraq, Syria, Dubai, Seattle, United States

☆ Binance sees $956 mln in outflows after Zhao steps down to settle U.S. probe
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it’s quite small," Nansen analysts said. Investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. While authorities have probed Zhao and Binance for years, Zhao's exit marks a dramatic development for one of the most powerful figures in the crypto industry.

Persons: Dado Ruvic, Nansen, Changpeng Zhao, Zhao, Richard Teng, Binance, Zhao's, Lisa Pauline Mattackal, Jonathan Stempel, Chris Prentice, Michelle Price, Anil D'Silva Organizations: REUTERS, Investors, U.S, U.S . Securities, Exchange Commission, Justice Department, Thomson Locations: Nansen, Dubai, Seattle, United States, Bengaluru, New York

The plea deals end a years-long investigation into the crypto exchange. Binance holds around $2.8 billion worth of BNB tokens, according to Nansen. Binance remains the world's largest crypto exchange globally, processing billions of dollars in trading volume every year. "This, combined with the likely imminent approval of an ETF based on bitcoin quotes, could positively impact the crypto market in the long term," said Drozdz. Binance has agreed to forfeit $2.5 billion to the government and to pay a fine of $1.8 billion.

Persons: Binance's, Changpeng Zhao, Ben Mcshane, Sportsfile, Nansen, Binance, Grzegorz Drozdz, Bitcoin, Drozdz, Zhao, Yesha Yadav, Milton R, Underwood, General Merrick Garland, Garland, Richard Teng, Teng, Janet Yellen, Al, Yellen Organizations: Getty, Department of Justice, ., SEC, Conotoxia, CNBC, DOJ, Vanderbilt University, Justice Department, U.S, Monetary Authority of Singapore, Binance, Futures Trading Commission, Treasury Department, The Securities, Exchange Commission, ISIS Locations: Lisbon, Portugal, Binance, Nansen, U.S, Abu Dhabi

[1/3] A scientist drives his snowmobile across an icefield of the arctic near Ny-Alesund, Svalbard, Norway, April 10, 2023. Secretary of State Antony Blinken announced the opening of the station, in Tromsoe, northern Norway, in June, as a means for the US to have a "diplomatic footprint above the Arctic Circle", he said. Tromsoe is the largest city in Arctic Norway, located about 400km (250 miles) to the west of Russia. Tromsoe is also the seat of the Arctic Council, a polar body comprising the eight Arctic states of Russia, the US, Canada, Finland, Norway, Iceland, Sweden and Denmark. Cooperation within the Arctic Council between Moscow and the Western Arctic states was put on hold after Russia's invasion of Ukraine in February 2022.

Persons: Lisi Niesner, Antony Blinken, Andreas Oesthagen, Washington, Tromsoe, Gwladys Fouche, Terje Solsvik, Deborah Kyvrikosaios Organizations: REUTERS, Rights, Fridtjof Nansen Institute, Reuters, Arctic Council, Cooperation, Thomson Locations: Ny, Alesund, Svalbard, Norway, Rights OSLO, United States, Washington, Ukraine, Tromsoe, Oslo, Arctic Norway, Russia, Canada, Finland, Iceland, Sweden, Denmark, Moscow

☆ U.S. Opens Its Northernmost Diplomatic Station, in Arctic Norway
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

Secretary of State Antony Blinken announced the opening of the station, in Tromsoe, northern Norway, in June, as a means for the US to have a "diplomatic footprint above the Arctic Circle", he said. Tromsoe is the largest city in Arctic Norway, located about 400km (250 miles) to the west of Russia. Norway and Russia share a border in the Arctic. Tromsoe is also the seat of the Arctic Council, a polar body comprising the eight Arctic states of Russia, the US, Canada, Finland, Norway, Iceland, Sweden and Denmark. Cooperation within the Arctic Council between Moscow and the Western Arctic states was put on hold after Russia's invasion of Ukraine in February 2022.

Persons: Antony Blinken, Andreas Oesthagen, Washington, Tromsoe, Gwladys Fouche, Terje Solsvik, Deborah Kyvrikosaios Organizations: Fridtjof Nansen Institute, Reuters, Arctic Council, Cooperation Locations: Fouche OSLO, United States, Washington, Ukraine, Tromsoe, Norway, Oslo, Arctic Norway, Russia, Canada, Finland, Iceland, Sweden, Denmark, Moscow

The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion, according to Xclaim, which allows creditors to trade such claims. To protect themselves, institutional crypto investors are switching to exchanges that offer stronger asset protection, boosting due diligence on trading partners, and executing trades in smaller chunks, among other new risk management measures, according to executives and industry data. European crypto asset manager CoinShares ramped up its counterparty due diligence after losing 26 million pounds ($32.65 million) in the collapse of FTX. Financial regulators like the SEC say many crypto companies flout applicable rules, meaning risk management still lags the traditional financial sector. "This is inevitably risk we're all carrying in crypto - we have uncomfortable concentration risk on one large exchange called Binance," said Nickel's Crachilov.

Persons: Samed Bouaynaya, Coinbase, Altana, Binance, Anatoly Crachilov, Martin Lee, Nansen, Stephen Richardson, CoinShares ramped, cybersecurity, Jean, Marie Mognetti, Changpeng Zhao, Nickel's Crachilov, Wes Hansen, Hansen, Elizabeth Howcroft, Michelle Price, David Gregorio Our Organizations: Voyager, London, Coinbase, U.S . Securities, Exchange Commission, SEC, Asset Management, Arca, Thomson

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBNB rises 2.5%, and SEC Chair Gary Gensler allegedly offered to advise Binance: CNBC Crypto WorldCNBC 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, Nansen research analyst Aurelie Barthere breaks down on-chain data she examined following the SEC charges against Binance and Coinbase this week.

Persons: Gary Gensler, explainers, Nansen, Aurelie Barthere, Binance Organizations: SEC, Binance, CNBC Crypto, CNBC

The U.S. Securities and Exchange Commission (SEC) on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC accuses Binance and its CEO Changpeng Zhao of operating a "web of deception". The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. Reuters GraphicsFounded in 2012, Coinbase recently served more than 108 million customers and ended March with $130 billion of customer crypto assets and funds on its balance sheet. Tuesday's SEC lawsuit seeks civil fines, the recouping of ill-gotten gains and injunctive relief.

Persons: Binance, Changpeng Zhao, Kevin O'Brien, Ford O'Brien Landy, Coinbase, Nansen, Paul Grewal, Coinbase's, Ed Moya, bitcoin, Oanda's Moya, Dado Ruvic, Gary Gensler, Gensler, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Kevin Buckland, Leslie Adler, Christopher Cushing Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Global Inc, Exchange, REUTERS, Securities, Supreme, Beaxy Digital, Bittrex Global, CNBC, Blockchain Association, Reuters Graphics, U.S, Binance's U.S, Thomson Locations: Manhattan, Solana, Cardano, bitcoin, Binance, Binance.US, Binance's, Cayman Islands, New York, Washington, Tokyo

The U.S. Securities and Exchange Commission on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. More recently, it has taken aim at unregistered crypto broker dealer, exchange trading and clearing activity. Reuters GraphicsFounded in 2012, Coinbase recently served more than 108 million customers and ended March with $130 billion of customer crypto assets and funds on its balance sheet. Tuesday's SEC lawsuit seeks civil fines, the recouping of ill-gotten gains and injunctive relief.

Persons: Binance, Changpeng Zhao, Kevin O’Brien, Ford O’Brien Landy, Coinbase, Nansen, Paul Grewal, Coinbase's, Gary Gensler, Dado Ruvic, Gensler, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Lisa Shumaker, Leslie Adler Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Global, Securities, Supreme, Exchange, REUTERS, Beaxy Digital, Bittrex Global, CNBC, Blockchain Association, Reuters Graphics, U.S, Thomson Locations: Manhattan, Solana, Cardano, U.S, Binance, New York, Washington

June 6 (Reuters) - Investors have pulled around $1.43 billion from the crypto exchange Binance and its U.S. affiliate as of 11 a.m. ET (1500 GMT) on Tuesday, data firm Nansen said, a day after a top U.S. regulator sued both exchanges. Binance saw net outflows of $1.34 billion of crypto tokens on the ethereum blockchain, with its U.S. affiliate, Binance.US, registering net outflows of $70.8 million, Nansen tweeted. The U.S. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a "web of deception" to evade U.S. laws. The SEC complaint is the latest in a series of legal headaches for Binance.

Persons: Nansen, Binance, Changpeng Zhao, Tony Sycamore, Binance's BNB cryptocurrency, Zhao, Tom Wilson, Rae Wee, Ankur Banerjee, Kevin Buckland, Hannah Lang, Sonali Paul, Tom Hogue, Nick Zieminski, Louise Heavens Organizations: U.S, Binance.US, U.S . Securities, Exchange Commission, Monday, SEC, Reuters, IG Markets, U.S . Commodity Futures Trading Commission, Thomson Locations: U.S, London, Singapore, Tokyo, Washington

The lawsuit is the SEC's second in two days against a major crypto exchange, following its case against Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao. Crypto companies including Coinbase have said SEC rules are unclear, and the regulator is overreaching by asserting oversight of their industry. Coinbase customers pulled more than $57 million from the exchange within a couple of hours of the filing, according to data firm Nansen. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. The case is SEC v Coinbase Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Coinbase, Binance, Changpeng Zhao, Gary Gensler's, Gensler, Paul Grewal, Coinbase's, Nansen, Dado Ruvic, Gurbir Grewal, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Manya, Jason Neely, Louise Heavens, Chizu Nomiyama, Nick Zieminski Organizations: YORK, U.S . Securities, Exchange Commission, SEC, CNBC, Global Inc, Reuters Graphics, REUTERS, Coinbase, New, Blockchain Association, Court, Southern District of, Manya Saini, Thomson Locations: U.S, California, Manhattan, Solana, Cardano, New Jersey, Southern District, Southern District of New York, New York, Washington ,, Bengaluru

The S&P 500 index (.SPX) rose 0.2%, the Dow Jones Industrial Average (.DJI) added 0.12%, and the Nasdaq Composite Index (.IXIC) climbed 0.28%. The pan-European STOXX 600 index (.STOXX) rose 0.37%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was little changed. With major share markets all in the black, investors might think that stocks are set to rise further. Government bond yields - a proxy for borrowing rates - eased earlier after a European Central Bank (ECB) survey showed euro zone consumers had lowered their inflation expectations. Australia's central bank hiked rates by a quarter-point to 4.1% - an 11-year high - and warned that further increases might be required to ensure inflation is brought back under control.

Persons: Brendan McDermid, James Rossiter, Bitcoin, Nansen, Brent, Nell Mackenzie, Marc Jones, Dhara Ranasinghe, Mark Potter Organizations: New York Stock Exchange, REUTERS, Fed, ECB, SEC, Dow Jones, Nasdaq, Federal Reserve, Bank of America Securities, Treasury, European Central Bank, Canada, Securities Senior Global, U.S . Federal Reserve, Bank of, Aussie, Reserve Bank of, U.S . Securities, Exchange Commission, U.S, Thomson Locations: New York City, U.S, Asia, Pacific, Japan, Government, Australia's, Bank of Japan, Reserve Bank of Australia, Binance, Saudi Arabia

LONDON/SINGAPORE, June 6 (Reuters) - Investors have pulled around $790 million from the crypto exchange Binance and its U.S. affiliate in the last 24 hours, data firm Nansen said on Tuesday, a day after a top U.S. regulator sued both exchanges. Binance saw net outflows of $778.6 million of crypto tokens on the ethereum blockchain, with its U.S. affiliate, Binance.US, registering net outflows of $13 million, Nansen tweeted. The U.S. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a "web of deception" to evade U.S. laws. The world's biggest cryptocurrency was last at $25,723, flat on the day but pinned near a more than two-month low. The SEC complaint is the latest in a series of legal headaches for Binance.

Persons: Nansen, Binance, Changpeng Zhao, Tony Sycamore, Binance's BNB cryptocurrency, Zhao, Tom Wilson, Rae Wee, Ankur Banerjee, Kevin Buckland, Sonali Paul, Tom Hogue, Louise Heavens Organizations: LONDON, U.S, Binance.US, U.S . Securities, Exchange Commission, Monday, SEC, Reuters, IG Markets, U.S . Commodity Futures Trading Commission, Thomson Locations: SINGAPORE, U.S, London, Singapore, Tokyo

☆ Morning Bid: Markets level, Aussie hikes, crypto judders
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

It raised interest rates by a quarter-point on Tuesday to an 11-year high and warned further tightening may be required to ensure that inflation returns to target, boosting the Aussie dollar as markets had been leaning towards a pause. Eyes will now be trained on the Bank of Canada's latest policy decision on Wednesday, with many forecasting it will resume tightening interest rates after a four-month pause. The crypto world was far from calm, with Bitcoin trying to find its feet after a 5% recoil to three-month lows on Monday. The Securities and Exchange Commission complaint listed 13 charges against Binance, Zhao and the operator of its purportedly independent U.S. exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Binance, Changpeng Zhao, Zhao, Nansen, Antony Blinken, Smucker Organizations: Apple, Federal Reserve, Reserve Bank of Australia, Bank of Canada's, . U.S, Securities, Exchange, Binance, U.S, Saudi, Smucker Reuters Graphics, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Australia, ., Saudi Arabia

☆ SEC sues Coinbase, calling it an unregistered crypto broker
▼ + stars: | 2023-06-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

On Tuesday, the US Securities and Exchange Commission sued Coinbase, America’s largest crypto exchange, for allegedly acting as an unregistered broker. “Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities,” the SEC said in a press release. The Coinbase lawsuit comes on the heels of a similar SEC complaint against Binance, which is by far the world’s biggest crypto exchange. Since then, digital asset prices have tanked and regulators have stepped up their scrutiny of the industry. “It should get crypto closer to final rules of the road regardless of how the judge rules.”

Persons: Coinbase, “ Coinbase, ”, “, Binance, Nansen, Cowen Organizations: New, New York CNN, US Securities and Exchange Commission, Binance, SEC, CNN, Binance.US Locations: New York

☆ Crypto exchange Binance hit by outflows of $780 million in last 24 hours - Nansen
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

LONDON, June 6 (Reuters) - Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday, a day after the world's biggest crypto exchange was sued by the U.S. Securities and Exchange Commission. loadingBinance's U.S. affiliate exchange registered net outflows of $13 million in the same period, Nansen said. Neither Binance nor Binance.US immediately responded to a request for comment. Reporting by Tom Wilson, editing by Alun JohnOur Standards: The Thomson Reuters Trust Principles.

Persons: Nansen, Binance.US, Tom Wilson, Alun John Organizations: U.S . Securities, Exchange Commission, Thomson

☆ Investors pull $790 million from crypto exchange Binance after SEC charges
▼ + stars: | 2023-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Crypto investors pulled $791.6 million from the crypto exchange Binance in 24 hours, crypto research firm Nansen said Tuesday, after U.S. regulators unveiled 13 securities charges against the company and its founder, Changpeng Zhao. After the collapse of allegedly fraudulent crypto exchange FTX in November 2022, investors moved their assets to a number of exchanges, but Binance won the lion's share of those inflows. Investors withdrew $1.65 billion worth of assets from Binance and $13 million from contested Binance's U.S. arm on the Ethereum blockchain after the charges were unveiled. The Commodity Futures Trading Commission had already unveiled a similar set of charges against the crypto exchange earlier this year. Correction: This story has been updated to reflect that the Securities and Exchange Commission brought the charges against Binance and Zhao.

Persons: Changpeng Zhao, Nansen, Binance, Zhao, Sam Bankman Organizations: Binance Holdings Ltd, Monday's Securities, Exchange Commission, Investors, U.S, SEC, Futures Trading Commission, Securities and Exchange Commission, Binance Locations: Lisbon, Portugal, Binance, U.S

☆ Binance hit by outflows of $790 million in last 24 hours, data shows
▼ + stars: | 2023-06-06 | by ( ) edition.cnn.com time to read: +2 min

Investors have pulled around $790 million from the crypto exchange Binance and its US affiliate in the last 24 hours, data firm Nansen said Tuesday, a day after a top US regulator sued both exchanges. Binance saw net outflows of $778.6 million of crypto tokens on the ethereum blockchain, with its US affiliate, Binance.US, registering net outflows of $13 million, Nansen tweeted. The US Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a “web of deception” to evade US laws. The world’s biggest cryptocurrency was last at $25,723, flat on the day but pinned near a more than two-month low. The SEC complaint is the latest in a series of legal headaches for Binance.

Persons: Nansen, Binance, Changpeng Zhao, “, ”, Tony Sycamore, Binance’s BNB cryptocurrency, Zhao Organizations: Binance.US, US Securities and Exchange Commission, Monday, SEC, Reuters, IG Markets, US, Futures Trading Commission

The discord between Russia and the other Arctic Council members means that an effective response to these changes is far less likely. Recently, it has taken steps to expand cooperation in the Arctic with non-Arctic states. On April 24, Russia and China signed a memorandum establishing cooperation between the countries' coast guards in the Arctic. "We need to safeguard the Arctic Council as the most important international forum for Arctic cooperation and make sure it survives," Norwegian Deputy Foreign Minister Eivind Vad Petersson told Reuters. "I don't see an Arctic Council without Russia in the future," said Larsen, a Greenland lawmaker at the Danish Parliament and the Chair of Arctic Parliamentarians, a body including MPs from across the Arctic countries.

☆ Creator of Nansen's Shanghai dashboard breaks down the data following the upgrade
▼ + stars: | 2023-04-19 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCreator of Nansen's Shanghai dashboard breaks down the data following the upgradeCNBC 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. Following Ethereum's latest upgrade, Crypto World spoke with Niklas Polk, a research analyst with the blockchain analytics platform Nansen, about the new Shanghai dashboard he helped create and the data it revealed regarding ETH withdrawals.

LONDON, April 13 (Reuters) - Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade, highlighting persistent headaches for Ethereum which aims to have the technology widely used for instant payments. The software upgrade, known as "Shapella," was set to unlock more than $30 billion worth of ether , the second-biggest cryptocurrency, which investors had deposited on the Ethereum blockchain in return for interest. Until Wednesday's upgrade, investors could not withdraw funds they had deposited via this method, known as "staking", on the Ethereum blockchain. As of Thursday, ether worth around $1.4 billion was stuck in a withdrawal queue, blockchain data firm Nansen said. "Due to the processing limitations on the Ethereum network, Binance will set a daily ETH redemption quota for each Binance user," Binance said on its website.

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