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France 24

Business

Camille KNIGHT

Can Binance survive fallout from founder Changpeng Zhao's guilty plea?

Changpeng Zhao Binance United States Nansen OPEC Spotify Crypto Oil

BUSINESS DAILY © FRANCE 24

Binance has seen outflows of over $1 billion in the past 24 hours, according to analysis firm Nansen. This is sparking questions on whether the crypto exchange can withstand its founder Changpeng Zhao pleading guilty to breaking US anti-money laundering laws and stepping down as CEO. Also, US and international brands are being targeted by Arab consumers in support of the Palestinian cause; we take a closer look. Plus, oil prices fall for a second day after the upcoming OPEC+ meeting is delayed. Finally, Spotify is cracking down on white noise tracks.

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