In recent developments, the US Department of Justice (DOJ) has been reevaluating its choice of law firm to oversee the cryptocurrency exchange Binance as an independent monitor. The decision concerns the firm’s previous work for the now-bankrupt FTX exchange. The monitorships were part of the $4.3 billion deal in which Binance pleaded guilty to violating […]
In a significant development, an American mother who was taken hostage by Hamas in Gaza, along with the relatives of two men who lost their lives in a terrorist attack, has filed a lawsuit against cryptocurrency exchange Binance. According to a Bloomberg report, the lawsuit filed in a federal court in Manhattan alleges that Binance […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Swiss banking institutions to mitigate growing concerns surrounding counterparty risk in the crypto industry, as reported by the Financial Times. This move follows Binance’s regulatory fines imposed by US authorities in 2023. As part of the collaboration, Binance has […]
A recent survey conducted by Binance indicates a strong bullish sentiment among European investors despite the recent volatility in the nascent industry. The cryptocurrency market has recently witnessed a significant correction, following the lead of Bitcoin (BTC) and increased selling pressure since January 12. However, the market has shown signs of stability and recovery as […]
According to a Reuters report, a federal judge in Washington, D.C., demanded that Binance, the world’s largest cryptocurrency exchange by trading volume, provide a robust defense for its motion to dismiss the case brought against it by the US Securities and Exchange Commission (SEC). Binance seeks the dismissal of the lawsuit, which alleges rule-breaking and […]
Binance Vs. SEC: Crypto Exchange Heads To Court Seeking Lawsuit Dismissal | Bitcoinist.com
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In a significant legal showdown, Binance, the world’s largest cryptocurrency exchange, is set to go head-to-head with the US Securities and Exchange Commission (SEC) in a Washington courtroom. The hearing, scheduled for Friday, marks the second high-profile legal battle this week involving the SEC and a top crypto exchange, following a similar case against Coinbase. […]
Binance Former CEO CZ’s Wealth Skyrockets By $25 Billion In 2023, Despite Potential Prison Sentence | Bitcoinist.com
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According to a Bloomberg report, Former Binance CEO, Changpeng Zhao, widely known as CZ, may face imprisonment in 2024 after pleading guilty to US criminal charges in November. However, the year 2023 brought a “silver lining” for the former Chief Executive Officer of Binance Holdings, as his estimated net worth allegedly skyrocketed by nearly $25 […]
In a notorious development that sent shockwaves through the cryptocurrency industry, Binance, the largest exchange in the world, and its former CEO Changpeng Zhao (CZ) settled with the US government. However, former SEC official John Reed Stark has expressed concerns about the agreement’s implications. Stark believes that the Binance plea agreement, the guilty plea by CZ […]
According to a recent Reuters report, a senior US regulator has suggested that the $4.3 billion settlement reached with Binance last month may represent a turning point in enforcement actions against cryptocurrency firms. The settlement, which was a result of Binance’s violation of US anti-money laundering and sanctions laws, could potentially serve as a governance […]
Binance, the world’s largest cryptocurrency exchange, recently announced the successful execution of the world’s first cryptocurrency triparty arrangement in collaboration with a third-party banking partner. According to the announcement, the solution allows institutional investors to securely store their trading collateral off-exchange with what Binance calls a “trusted bank.” Binance Expands Services With Triparty Solution The triparty […]
According to a Reuters report, the Philippines Securities and Exchange Commission (SEC) has taken steps to restrict access to Binance, the world’s largest cryptocurrency exchange in terms of trading volume. Binance Faces Access Block In The Philippines The SEC has announced its decision to block access to Binance within the Philippines. Per the report, the […]
Binance.US Faces Pivotal Leadership Change As Changpeng ‘CZ’ Zhao Steps Down As Chairman | Bitcoinist.com
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In the latest development involving Changpeng Zhao (CZ), founder and former CEO of Binance, it has been announced that he has decided to resign as Chairman of the Board of Directors of Binance.US. Binance.US Affirms Independence From Enforcement Matters As announced, Binance.US, an independent entity from Binance.com, was launched with a primary focus on serving […]