China News Daily TheBitTimes.com

The founder of the largest cryptocurrency exchange Binance, Changpeng Zhao, published an internal letter to company employees on Nov. 21. The Binance CEO’s swan song comes after a landmark decision by the U.S. Department of Justice that will see the company pay a $4.3 billion dollar fine and the replacement of the crypto exchange’s erudite founder . In his address , Zhao cited a quote from the movie Star Trek, noting that “I will have to deal with some pain, but will survive.” He also asked the company employees to “continue performing admirably.” Source: WuBlockchain Zhao also admitted that he had a difficult day due to jet lag and an inability to use his phone since he spent the entire day in court. At the same time, he promised that everything would be fine with Binance, with Zhao admitting that he needed a break anyway. As part of a landmark settlement with the US Department of Justice on Nov. 21, Zhao is prohibited from holding a leadership position at Binance for a...

BitMEX says the update will not bring a ‘big change’ to its wallet security as the signature scheme is already used for hot withdrawal processing. Cryptocurrency ex change BitMEX is changing all of its customer Bitcoin (BTC) deposit address es starting Nov. 1, 2023. In a blog announcement on Oct. 30, the Seychelles-based crypto trading platform said it will change its current format for BTC addresses to pay-to-witness-public-key-hash (P2WPKH, also known as native SegWit), suggesting all customer addresses will soon get addresses with the bc1 prefix. BitMEX says the change will allow it to “reduce withdrawal fees” for users and “improve our use of Bitcoin block space.” The company also noted the signature scheme “is already being used for our hot withdrawals processing,” meaning the update “will not bring a big change” to its wallet security. “There may be rare occasions of delays in the processing of deposits or w...