In a recent interview with CNBC, Binance’s CEO, Richard Teng, addressed the company’s “cultural issues” and its commitment to compliance following a $4.3 billion fine settlement with the US Department of Justice (DOJ). Teng also highlighted Binance’s transition to “greater maturity” and plans for the potential establishment of a global headquarters, the lack of which […]
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 has regained its position as the world’s most dominant crypto exchange, capturing nearly 50% of the global market share, according to data from Kaiko. The analytic data provider revealed that Binance’s market share has rebounded to almost 50% in the two months following its settlement with the United States Department of Justice (DoJ). Binance’s market share […]
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. […]
According to a Reuters report, former Binance CEO Changpeng Zhao, commonly known as CZ, must remain in the United States for the time being, as stated by a federal judge on Monday. This decision comes after Zhao, the founder of the world’s largest cryptocurrency exchange, pleaded guilty to violating US anti-money laundering laws. Binance Ex-CEO […]