Are New Altcoins Listing On Exchanges Like Binance Profitable? This Crypto Researcher Has The Answer | Bitcoinist.com

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A crypto and macro researcher identified as “Flow” on X (formerly Twitter) has provided a detailed review of the profitability of new altcoins listed on Centralized Exchanges (CEX) such as Binance. The researcher disclosed that prominent exchanges like Binance have experienced a significant decline in the value and performance of new tokens listed on their […]

Nigerian Court Denies Bail To Binance Executive Accused Of $35M Laundering Charges | Bitcoinist.com

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The world’s largest cryptocurrency exchange, Binance, has been embroiled in a complex legal battle with Nigerian authorities over allegations of money laundering, tax evasion, and currency speculation. Two senior Binance executives are at the center of the dispute: Tigran Gambaryan, the head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Binance in […]

Binance Slapped With $4M Fine By Canadian Regulator For Violation Of Rules | Bitcoinist.com

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Binance’s regulatory woes continue to mount as the world’s largest cryptocurrency exchange by trading volume has been fined C$6 million ($4.4 million) by Canada’s financial regulator, FINTRAC.  The penalty was imposed due to Binance’s alleged failure to comply with money-laundering protections, specifically related to registering as a foreign money services business and reporting virtual currency […]

$300M Scandal Rocks Binance: Fired Investigators Accuse DWF Labs Of Manipulative Trading | Bitcoinist.com

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Binance, one of the world’s largest cryptocurrency exchanges, has come under scrutiny after a Wall Street Journal report revealed that the platform fired its top investigators following their allegations of wash trading involving a top VIP client, DWF Labs.  Binance Refutes Wash Trading Allegations The report alleges that DWF Labs conducted over $300 million in […]

Nigeria Refutes Binance’s Bribery Allegations, Calls Them ‘Diversionary Tactics’ | Bitcoinist.com

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Nigeria has rejected bribery allegations made by Binance, the world’s largest cryptocurrency exchange, labeling them as a “tactic to divert” attention from the exchange’s activities.  The statement comes in response to a blog post by Binance’s newly appointed CEO, Richard Teng, who claimed that the Nigerian government demanded a $150 million cryptocurrency payment to settle […]

Apologetic Letter From Former Binance CEO ‘CZ’ Unveiled Ahead Of April 30 Sentencing | Bitcoinist.com

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In a letter addressed to US Judge Richard A. Jones for the Western District of Washington, former Binance CEO Changpeng Zhao, commonly known as “CZ,” expressed his remorse and apologized for what he called “poor decisions” made during his tenure as the head of the cryptocurrency exchange.  The letter was filed on Tuesday, ahead of […]

Philippines SEC Orders Binance’s Removal From Google And Apple App Stores, Report | Bitcoinist.com

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The Philippines’ Securities and Exchange Commission (SEC) has stepped up its ongoing regulatory crackdown, ordering Google and Apple to remove Binance, the world’s largest cryptocurrency exchange, from their respective app stores. This follows earlier regulatory actions against the exchange’s operations in the Asian country.  Binance Faces Escalating Legal Challenges According to a recent CNBC report, […]

Regulatory Victory: Binance Awarded Full Virtual Asset Service Provider License In Dubai | Bitcoinist.com

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Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license.  Opening Doors For Retail And Institutional Investors According to a local media report, the VASP license obtained by Binance FZE allows the company to expand its offerings […]

Binance’s $4.3 Billion Settlement Faces DOJ Scrutiny Over FTX Ties In Monitorship Decision | Bitcoinist.com

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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 […]

Binance CEO’s Thrilling Revelation Sets New Course For Global Headquarters Strategy | Bitcoinist.com

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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 Executive’s Tax Evasion Case In Nigeria Postponed, Hearing Set For April 19 | Bitcoinist.com

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In a recent development, a Binance executive detained in Nigeria on tax evasion charges has had his case adjourned until April 19, following his first appearance in court.  Tigran Gambaryan, the head of financial crime compliance at Binance, was accused alongside the company of various charges, including non-payment of value-added tax and corporate income tax […]

Binance Denies Decision-Making Power Of Detained Executive In Nigeria Amid Mounting Charges | Bitcoinist.com

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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 […]