Binance, one of the world’s largest cryptocurrency exchanges, is entangled in a complex situation in Nigeria. With no resolution in sight, the exchange has finally issued an official statement regarding its detained executive, Tigran Gambaryan, who faces money laundering charges after five weeks in custody. As the Nigerian government introduces additional charges against Binance, the […]
The Philippines Securities and Exchange Commission (SEC) has taken a significant regulatory step by blocking local access to Binance, the world’s largest cryptocurrency exchange by trading volume. According to a release issued by the regulator on Monday, the SEC’s decision was based on Binance’s failure to obtain the necessary license from the commission to operate […]
Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly introduced stricter requirements for listing new digital tokens. The move aims to strengthen investor protection against “rug pulls,” or fraudulent tokens, and address concerns about the alleged “lack of oversight” of token listings in the crypto industry. According to Bloomberg, the changes began rolling […]
Two senior executives from cryptocurrency exchange Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been detained against their will by Nigerian authorities, according to a recent report by Wired. Families Of Detained Binance Executives Seek Answers As previously reported by Bitcoinist, the arrest appears to be related to Nigeria’s broader move to ban cryptocurrency exchanges due […]
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 […]
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 […]
In a recent blog post, Richard Teng, the newly appointed CEO of Binance, shared his vision for the future of the crypto exchange following the departure of Changpeng Zhao (CZ). Teng expressed his commitment to maintaining Binance’s core principles while driving growth and innovation. Binance CEO Stresses Collaboration With Regulators Teng acknowledged Binance’s foundation and […]