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 […]

Crypto Giant Binance Pays Hefty $2M Fine To Reignite India Foothold – Details

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Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year. Binance’s Cost To Return To India According to a recent report from India’s Economic Times, the exchange intends to return as a registered entity, aiming to comply with the […]

Binance Reclaims Nearly 50% Market Share, BNB To The Moon?

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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 […]

Post-Terra Ruling: SEC Adjusts Tactics Against Binance

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In the lawsuit between the US Securities and Exchange Commission (SEC) and Binance, the regulator has filed a notice of supplemental authority, citing the judgment in SEC v. Terraform Labs as a key precedent. This move is a strategic effort by the SEC to leverage the Terra ruling in its case against Binance, Binance.US, and […]

Warning: Binance Collapse And 10-Year Sentence Looms For CZ, Ex-SEC Official Says | Bitcoinist.com

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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 […]

Binance Promotion In The Philippines: Here’s Why You Could Face Up To 21 Years In Prison | Bitcoinist.com

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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 CEO Accused Of Fraudulent Practices In Brazilian Crypto Scam Probe | Bitcoinist.com

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In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil.  The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]

Binance CEO’s Risky Bet: $1 Billion Rescue Fund Crashes | Bitcoinist.com

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In the wake of FTX’s collapse, the crypto industry was plunged. Prices plummeted, investors scrambled to cut their losses, and startup funding evaporated. Amid the chaos, the spotlight turned to Changpeng Zhao, the founder of Binance, as the last remaining tycoon in the crypto world after the swift fall of Sam Bankman-Fried.  With a grand […]

Binance Draws Legal Fire Over Claims Of FTX Manipulation

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In a class-action lawsuit filed on October 2 in the District Court of Northern California, Binance (Binance Holdings Limited, BAM Trading Services, BAM Management US Holdings) and its CEO Changpeng Zhao (“CZ”) are facing serious allegations surrounding attempted monopolization of the crypto market, purportedly through damaging strategies against their competitor FTX. The legal battle spearheaded […]

Binance Vs. SEC Update: Crypto Exchange And CEO Fight Back With New Filing | Bitcoinist.com

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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 […]

Binance CEO Responds To Rumors That He Received A $250 Million Loan From The Exchange | Bitcoinist.com

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Changpeng “CZ” Zhao, the CEO and founder of the world’s leading cryptocurrency exchange Binance, has responded to claims that he received a $250 million loan from BAM Management, a firm that operates as Binance.US’ holding company.  Binance CEO’s Response To $250 Million Loan Claims A report from Decrypt on September 19, 2023, following a court […]