While Binance is busy fighting a pitched legal battle in the U.S., its alleged woes in another part of the world seem to have been unfounded. Entity Previously Unknown to Binance Recently, the Nigerian SEC declared an entity known as Binance Nigeria Limited illegal, forbidding it from doing any business within the African nation. According...Read More
Changpeng Zhao, alongside another company spokesperson, refuted the recent reports from French media that Binance was under investigation in the country for alleged money laundering. The company’s CEO explained that such “surprise inspections” are the norm in the European country for both banks and now crypto businesses. According to the report from local media Le...Read More
Binance CEO Changpeng Zhao (CZ) has taken to Twitter to quash rumors that his crypto exchange had been selling its crypto holdings, including BTC and BNB. The speculation had been rife on social media, with some asserting that the company was involved in significant sales of digital assets. However, Zhao debunked the rumors, saying Binance...Read More
A week after the Securities and Exchange Commission (SEC) filed a civil enforcement action against Binance.US, the crypto exchange has hit back, stating that all of the regulator’s claims are invalid. Binance argued against the SEC for a temporary restraining order on the company, also known as BAM Trading, and said that such an action...Read More
The market took a beating over the past 24 hours, and certain altcoins performed a lot worse than others. A lot of the worst-performing cryptocurrencies were also named in the lawsuit that the US Securities and Exchange Commission filed against Coinbase. The agency alleges that they are securities. These include Cardano’s ADA, Solana’s SOL, NEAR,...Read More
Binance CEO Changpeng Zhao (CZ) has been issued a summons by the U.S. District Court for the District of Columbia following a lawsuit against himself and his exchange on Monday. The CEO must respond to the summons within 21 days, but is not required to appear in person. Other entities named in the lawsuit, including...Read More
Retail traders and investors are not the only ones suffering in America’s war on crypto. Company executives are also seeing their fortunes diminished due to recent enforcement actions. This week, the SEC sued both Binance and Coinbase, dousing the flames of optimism for the crypto industry in 2023 following the cycle bottom after FTX collapsed....Read More
Following increased regulatory action from the SEC and other local and global watchdogs, members of the crypto community have been worrying about the industry’s future relationship with the banking sector. Pivot to Europe in The Cards The restlessness surrounding future crypto regulation was amplified following the collapse of both Signature Bank and Silvergate Bank, both...Read More
Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently put out a broadcast related to digital assets. The executive claimed that similar coverage has served as a catalyst for crypto bull runs in the past. CZ provided a link to the broadcast which aired on May 23,...Read More
The world’s largest cryptocurrency exchange – Binance – claimed that someone had used ChatGPT to present Changpeng Zhao (CEO of the company) as an official in the Chinese Communist Party. Some experts have warned that the recent development in the Artificial Intelligence (AI) field could have a disruptive effect on journalism. Others alerted that ChatGPT...Read More
Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) disclosed that the...Read More
Binance CEO, Changpeng “CZ” Zhao is rich; well, mega-rich. But he’s just not as rich as Bloomberg thinks, at least, he said so. But even though he is one of the richest men in the world, he is far from reaching the wealth of other tech industry billionaires, contrary to Bloomberg’s inaccurate assertions. On April...Read More
The world’s largest cryptocurrency exchange – Binance – aims to begin operating on the Japanese market after June this year. This will mark the company’s return to the Land of the Rising Sun after leaving in 2018 due to regulatory issues. Sakura Exchange BitCoin (SEBC) announced that Binance Japan will start providing services and products to...Read More
Patrick Hilmann, the Chief Strategy Officer (CSO) of leading crypto exchange Binance, alleged that Sam Bankman-Fried (SBF), the founder and former CEO of the now-defunct rival exchange FTX, consistently criticized Binance’s CEO Changpeng Zhao (CZ) before FTX’s collapse, a behavior Hilmann referred to as “shading.” In a recent tweet, the CSO disclosed that SBF was...Read More
Binance notified about an issue affecting its Future users as only USD-Margined contracts were impacted. Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal. Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue. According to Binance CEO CZ,...Read More
America’s war on crypto has targeted Binance, the world’s largest crypto exchange. In late March, the Commodity Futures Trading Commission unleashed a barrage of accusations against Binance and CEO Changpeng Zhao. Since then, the firm’s market share has plunged as much as 16%, according to recent research. On April 3, Kaiko research director Clara Medalie...Read More
A new report has surfaced from the Wall Street Journal, outlining insider communications between members of Binance and Binance US. Additionally, the messages discuss how best to deal with regulatory oversight, which is a major point of interest for any business eager to do business in the United States. However, the report hints that Binance’s...Read More
The founder and chief executive of Binance spoke in a Twitter AMA (Ask Me Anything) about different hot topics in the cryptocurrency community as of now, with one of them being expectedly the BUSD clampdown from US authorities. He suggested that the global cryptocurrency ecosystem would benefit if dollar-pegged stablecoins face rivals from other such...Read More
The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake. It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute. Binance vowed to airdrop $100 in...Read More
The world’s largest cryptocurrency exchange – Binance – reportedly restored operations on the South Korean market after acquiring a majority stake in the distressed local platform Gopax. It halted operations in the Asian country in 2021, citing low interest and usage among local traders. Back in South Korea Binance revealed its intentions to purchase a 41.2%...Read More
Mark Wahlberg’s production company – Urealistic Ideas – reportedly partnered with the media outlet – Fortune – to release a documentary revealing the controversial relationship between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). The FTX crash caused a clash between the two, who accused each other of the catastrophic event. Making a Movie out of...Read More
The Swedish Financial Supervisory Authority registered the world’s largest cryptocurrency exchange – Binance – as a financial institution for management and trading in virtual currency in the Scandinavian country. This is the seventh EU nation where the platform has received such a license, with the previous six being Italy, France, Spain, Poland, Cyprus, and Lithuania....Read More
At times when crypto-focused companies are slashing headcounts and decreasing operating expenses, Binance plans to expand its members by up to 30%. That’s according to the exchange CEO – Changpeng Zhao – who was speaking at a crypto-focused conference in St. Moritz. CZ said that he hopes for Binance to expand its team by between...Read More
Changpeng Zhao – CEO Binance – agreed that the collapse of FTX has caused some panic in the space. He also reiterated that the fact that they were audited by a somewhat reputable firm caused others in that business to be more cautious when working with crypto businesses. He assured that Binance is in good...Read More
Every day, the crypto ecosystem finds evidence of unethical practices by Sam Bankman-Fried and/or his team. However, the founder of FTX and Alameda Research denies his responsibility for the sudden failure of his businesses, stating that he was unaware of any wrongdoing. But who’s responsible? Sam already has somebody in mind. In an interview with...Read More
Binance CEO, Changpeng “CZ” Zhao stated that the “abnormal” trading of altcoins on the platform appears to be market behavior after the company revealed that the activity in question had nothing to do with compromised accounts or leaked API keys. According to the exec’s latest tweet, a user deposited funds into a trading account and...Read More
Binance CEO Changpeng Zhao (CZ) and ex-FTX boss Sam Bankman-Fried (SBF) traded barbs over Twitter on Friday as each contested the true nature of their private business dealings. During the exchange, Bankman-Fried asked CZ why he would “lie” about their situation, given he had already “won,” post bankruptcy. CZ’s Story CZ began with reference to...Read More
Changpeng Zhao – CEO of the world’s largest crypto exchange, Binance – rejected some of the latest assumptions regarding himself and his company’s involvement in FTX’s crash. He reiterated his position that the main culprit of the catastrophe was Sam Bankman-Fried (SBF), describing him as “one of the greatest fraudsters” of all time. CZ’s List...Read More
Crypto exchange Binance announced the acquisition of Sakura Exchange BitCoin (SEBC) for an undisclosed sum. The latter is a Japanese crypto exchange that is regulated by the country’s Financial Services Agency (FSA). The latest development comes just months after reports of Binance preparing for a formal entry to the Japanese market surfaced. The crypto exchange...Read More
The world’s largest cryptocurrency exchange – Binance – introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves. The feature will initially show only bitcoin’s holdings, while other coins will follow in the future. Binance has taken some additional measures to reaffirm its customers’ trust during the...Read More
