According to a recent Reuters report, a senior US regulator has suggested that the $4.3 billion settlement reached with Binance last month may represent a turning point in enforcement actions against cryptocurrency firms.Read more
According to a Reuters report, the cryptocurrency industry has witnessed a surge in lobbying spending as companies strive to repair their reputations and advocate for favorable legislation.Read more
A senior U.S. regulator has suggested that the $4.3 billion settlement with Binance last month could represent a peak in enforcement actions against cryptocurrency firms. The settlement, which was for breaching U.S.Read more
Binance, the world’s leading cryptocurrency exchange, has introduced a zero-fee trading initiative for six FDUSD spot and margin trading pairs in the thick of the surge in the cryptocurrency market lately.Read more
“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains.
Despite that, the incumbent CEO of Binance cuts the figure of a man reveling in the challenges ahead.
In the last few weeks, the Binance exchange has had to weather a storm, settling with the US Department of Justice (DOJ), alongside other US regulatory agencies, to pay a $4.3 billion fine for breaching US laws on money laundering and sanction violations.Read more
In a striking revelation reported by Bloomberg, Binance, the world’s largest crypto exchange, discretely previewed its impending $4.3 billion settlement with US authorities to its VIP traders.Read more
30As negotiations between Binance and U.S. authorities over legal violations came to a head in September, select high-value traders got an inside look at what was to come, according to new reporting from Bloomberg.Read more
Superstar soccer player Cristiano Ronaldo is currently entangled in a class-action lawsuit that alleges investor damages resulting from his endorsement of cryptocurrency exchange Binance.Read more
Binance, the world’s largest cryptocurrency exchange, recently announced the successful execution of the world’s first cryptocurrency triparty arrangement in collaboration with a third-party banking partner.Read more
Ethereum’s staking pool dynamics have undergone a significant transformation amidst the buzz surrounding Binance and CZ’s legal challenges and the heightened regulatory scrutiny on centralized exchanges.Read more
In a significant development, Binance revealed that it will no longer be supporting its BUSD stablecoin. Binance will remove BUSD from both spot and margin trading pairings in a staggered manner, encouraging users to move their BUSD holdings to other assets.Read more
Binance unveiled a new program that lets institutions trade without depositing to the exchange.Read more