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 […]
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 […]
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.US, the United States-based unit of cryptocurrency exchange Binance, has recently suspended dollar withdrawals from its platform. This move comes after the ongoing legal battle with the US Securities and Exchange Commission (SEC). Binance.US Adjusts Services According to a Reuters report, Binance.US customers can no longer directly withdraw US dollars from their accounts. Instead, they […]
In a significant development, Binance, the world’s largest cryptocurrency exchange, announced the suspension of access to its platform for new users in the United Kingdom. According to a Bloomberg report, the move comes after the termination of a partnership with a third-party firm responsible for approving communications on the exchange, as mandated by the UK’s […]
Crypto exchange Binance, its US arm Binance.US, and Binance CEO Changpeng “CZ” Zhao are fighting back against the US Securities and Exchange Commission (SEC) with a new court filing. Binance And Binance CEO File Joint Motion Against SEC On Thursday, September 21, 2023, Binance and Binance CEO Changpeng CZ Zhao filed a joint motion to […]