Binance CEO, Changpeng “CZ” Zhao is rich; well, mega-rich. But he’s just not as rich as Bloomberg thinks, at least, he said so. But even though he is one of the richest men in the world, he is far from reaching the wealth of other tech industry billionaires, contrary to Bloomberg’s inaccurate assertions. On April...Read More
The world’s largest cryptocurrency exchange – Binance – aims to begin operating on the Japanese market after June this year. This will mark the company’s return to the Land of the Rising Sun after leaving in 2018 due to regulatory issues. Sakura Exchange BitCoin (SEBC) announced that Binance Japan will start providing services and products to...Read More
Binance.US has stopped a deal that would have allowed it to purchase assets of the bankrupt cryptocurrency lender, Voyager. The termination marks the second time a deal to acquire Voyager’s assets has failed to reach completion. The $1B Deal Falls Through Voyager revealed that Binance.US served the struggling crypto lender a letter on April 25,...Read More
For several years, Binance has offered a comprehensive digital academy for users looking to learn about cryptocurrencies. Now, thanks to technological advances, the firm has launched a free AI-driven learning tool that simplifies the learning experience for all of its users. On April 24th, Binance, the world’s largest cryptocurrency exchange, announced the official launch of...Read More
The price of the popular meme-inspired cryptocurrency – FLOKI – has soared by more than 40% in the past 24 hours. The surge happened shortly after the American subsidiary of Binance – Binance.US – listed the asset on its platform. Binance.US – Binance’s arm designed to serve United States residents – added FLOKI among the...Read More
Patrick Hilmann, the Chief Strategy Officer (CSO) of leading crypto exchange Binance, alleged that Sam Bankman-Fried (SBF), the founder and former CEO of the now-defunct rival exchange FTX, consistently criticized Binance’s CEO Changpeng Zhao (CZ) before FTX’s collapse, a behavior Hilmann referred to as “shading.” In a recent tweet, the CSO disclosed that SBF was...Read More
The Brazilian Securities and Exchange Commission (CVM) has initiated an investigation into the global cryptocurrency exchange Binance, amid allegations that the company provided guidance to clients on evading stop order restrictions. This signals increased scrutiny on Binance operating within Brazil, as regulators look to enforce compliance with local rules and regulations. Is Binance In Brazil’s...Read More
The deal was previously halted by the SEC, given the green light, and stopped again by the CFTC and U.S. District Courts. After Binance US and Voyager Digital reached an agreement for a buyout, the process of getting the deal approved began. At first, the SEC and the DOJ requested more time to gather evidence...Read More
TrueUSD (TUSD) has emerged as the fifth largest stablecoin by market cap after Binance began using the token as its dollar-pegged crypto of choice in late February. Last week, the BTC/TUSD trading pair surpassed 50% of Binance’s Bitcoin trading share, overtaking BTC/USDT. Is TUSD Tether’s Next Rival? According to an analysis from crypto market data...Read More
Tron has been under significant pressure as the crypto asset tanked by 5% over the past day from $0.066 to $0.062. This comes after the US division of crypto exchange Binance announced the delisting of the Justin Sun-linked token from its platform. Binance.US clarified that it would continue to support TRC-20 USDT and USDC issued...Read More
Binance notified about an issue affecting its Future users as only USD-Margined contracts were impacted. Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal. Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue. According to Binance CEO CZ,...Read More
Binance has announced closing the Binance Australia Derivatives business citing the recent engagement with the Australian Securities and Investments Commission (ASIC). The agency, on the other hand, maintained that the cancellation does not affect the requirement for Binance to continue as a member of the Australian Financial Complaints Authority until the end of April 8,...Read More
America’s war on crypto has targeted Binance, the world’s largest crypto exchange. In late March, the Commodity Futures Trading Commission unleashed a barrage of accusations against Binance and CEO Changpeng Zhao. Since then, the firm’s market share has plunged as much as 16%, according to recent research. On April 3, Kaiko research director Clara Medalie...Read More
The crypto analytics provider – Santiment – revealed that almost 90% of Ethereum’s supply is currently stored in self-custody addresses. The last time the figure was so high was in 2015, shortly after the protocol’s native token saw the light of day. The new data comes at a time when investors seem to have lost...Read More
On March 27, a federal judge temporarily halted bankrupt crypto lender Voyager Digital from completing a proposed $1.3 billion sale to Binance.US. The U.S. government had requested more time to explore the legality of the proposed takeover, prompting the response from judge Jennifer Rearden. According to reports, the U.S. Attorney’s Office for the Southern District...Read More
The Commodities and Futures Trading Commission filed a lawsuit against Binance and CZ personally yesterday, firing multiple allegations across different fronts. One that stood out and is widely discussed amongst the community is that Binance and CZ traded on the platform: … Zhao is the direct or indirect owner of entities that have engaged in...Read More
Hundreds of millions of dollars in crypto was withdrawn from Binance shortly after the exchange was slapped with civil charges by US regulators on Monday, on-chain data shows. According to Nansen, the exchange has experienced $400 million in net outflows over the past 24 hours alone. By comparison, Binance has undergone over $2 billion in...Read More
A US Federal regulatory agency just filed a lawsuit against Binance – the world’s largest crypto exchange – for a sweeping range of regulatory violations, spooking Bitcoin back down to $27,000. Here’s what the Commodities and Futures Trading Commission (CFTC) believes the company and its CEO, Changepeng Zhao (CZ), are guilty of. Binance’s Violations According...Read More
Binance, one of the world’s largest cryptocurrency exchanges, has been facing regulatory concerns from authorities around the world. The exchange has been accused of violating a number of regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) rules. Recently, Binance has been sued by the US CFTC for alleged derivatives trading violations. Binance Faces Legal...Read More
Crypto exchange Binance announced the opening a new blockchain hub in Georgia. The establishment of this new “Web3 outpost” is expected to help Binance strengthen blockchain education and accelerate the adoption of crypto in the region. Binance had forged several strategic partnerships, initiatives, as well as community events in the transcontinental country that is known...Read More
On March 23, CNBC reported that a group of Binance angels shared techniques that allow users to bypass the platform’s KYC, residency, and verification systems. CNBC confirmed the information by reviewing hundreds of messages posted on a Discord server and a Telegram group controlled and operated by Binance, which apparently ran from 2021 to March...Read More
New York Judge Michael Wiles of the District Court of the Southern District of New York has denied the U.S. Department of Justice’s (DOJ) appeal to stay the $1 billion asset-sale plan between bankrupt crypto broker Voyager Digital and Binance.US. During a Wednesday hearing on the DOJ’s motion to halt the order pending appeal, Judge...Read More
The United States Department of Justice (DOJ) has filed a memorandum of support to have the $1 billion asset-sale deal between bankrupt crypto broker Voyager Digital and Binance.US put on hold until an appeal motion is handled. U.S. attorney for the Southern District of New York Damian Williams and U.S. trustee William K. Harrington, alongside...Read More
One of the leading travel agencies in Latin America – Despegar – partnered with Binance Pay and Inswitch to enable clients to pay for tour packages in cryptocurrencies. For starters, the offering will be available only for customers in Argentina. Despegar Leads the Way The agreement, announced by the world’s biggest cryptocurrency exchange – Binance, turned...Read More
The United States Department of Justice (DOJ) has filed an appeal to review a New York judge’s decision to approve the sale of bankrupt crypto lender Voyager’s assets to the American affiliate of crypto exchange Binance in a $1 billion deal. According to a court document, the appeal was filed Thursday evening at the United...Read More
Cryptocurrency exchange Binance’s non-fungible token arm – Binance NFT – has announced adding support for the Polygon network on March 8th. The integration of the Polygon network will enable users to explore and trade a wider variety of NFTs across multiple blockchains. This includes – BNB Smart Chain (BSC), Ethereum (ETH) network, as well as...Read More
The SEC has been the driving force behind a recent spree of investigations into the crypto industry and a push for hard-hitting regulation to prevent further meltdowns. Although the Commission’s caution is definitely warranted, certain entities believe that the U.S. regulator is casting far too wide of a dragnet – including, in this case, a...Read More
A new report has surfaced from the Wall Street Journal, outlining insider communications between members of Binance and Binance US. Additionally, the messages discuss how best to deal with regulatory oversight, which is a major point of interest for any business eager to do business in the United States. However, the report hints that Binance’s...Read More
Since being embroiled in a regulatory tussle, BUSD’s market cap went on a steep downward spiral. Since hitting an all-time high of $23.04 billion in November 2022, the market cap of the once-major stablecoin declined by more than 60% to $9.17 billion at the time of writing. The Paxos situation is indicative of the larger...Read More
U.S. Bankruptcy Judge Michael Wiles made the comments at a court hearing in New York on March 2. The Voyager Digital restructuring plan would involve the sale of just over $1 billion worth of its assets to Binance.US. However, the SEC has opposed the deal claiming that it violates securities laws. When questioned about the...Read More
