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Crypto wrap: Bitcoin value surges, jail for former binance boss, and more

Montage of cryptocurrrencies
GRIP Montage: Getty Images

Latest developments in the world of crypto.

Donald Trump’s victory in the US presidential race was celebrated across the crypto industry, but one former boss wasn’t joining the party. Changpeng Zhao, the former chief executive of Binance, one of the world’s largest crypto currencies, was sentenced to four months in Jail.

He has pleaded guilty to “failing