Binance is currently experiencing a challenging period in the United States. According to the latest information from Bloomberg, the US Department of Justice is reportedly seeking $4 billion from the Exchange to settle its investigation into allegations of money laundering and other alleged illegal activities.
The potential link between the crypto firm Binance and terrorism financing is still stirring reactions. Specifically in the United States, where Congress has called on the federal administration to shed light on this allegation. This is to be done by openly addressing certain aspects of this issue.
Yesterday, crypto firm Binance and the SEC jointly filed a lawsuit seeking a restraining order. The judge outright rejected the request. Here are the reasons given by Judge Amy Berman Jackson, who ruled on the case.
The brilliant bitcoiner and entrepreneur Balaji Srinivasan has just published a scathing critique of the American state in its handling of the FTX case. According to him, the SBF case reveals the immense level of corruption within the establishment.
In the crypto sphere, where every day brings its share of surprises, Binance's supremacy is suddenly put to the test. The giant among crypto exchanges sees its throne shaken by the meteoric rise of the CME Group. But how did we get here?
The crypto industry is rocked by a series of major departures at Binance, one of the key players in the sector. These resignations, including that of the head of Binance UK and the director of Binance France, reflect the turbulence the crypto company is currently facing. Let's delve into the behind-the-scenes of these departures.
Chainalysis has published its annual ranking of countries based on their affinity for Bitcoin, stablecoins, and other cryptocurrencies.
In the ever-fluctuating realm of the crypto sphere, northern lights are not uncommon. But sometimes, one star shines brighter than the rest, altering the nighttime landscape of the financial sphere. That star today is Binance with its Copy Trading introduced on October 9, 2023.
Following the FTX incident, Binance opted for transparency to maintain the trust of its hundreds of millions of users. Thus, in November 2022, the crypto giant engaged Mazars, an international auditing firm, to facilitate access to reliable data concerning customers' holdings in BTC, ETH, USDT, and more. In early October, Binance released its 11th Proof-of-Reserves (PoR) report. Details follow.
Before November 2022, no one expected the American crypto exchange FTX, valued at over $32 billion, to meet such a tragic end. Colossal losses for the company, its creditors, and its founder Sam Bankman-Fried, investments worth thousands, if not hundreds of thousands, of dollars lost for its creditors (including individuals and institutions), plummeting cryptocurrency prices (Bitcoin, Ethereum, etc.). The toll is heavy. Now that the fallen young CEO of FTX is summoned to court to answer for his actions, we share some details that will send shivers down your spine.
An expert recently insinuated that the Binance exchange may have contributed to the downfall of the high-profile FTX exchange, a story that has been making headlines. This allegation has sent shockwaves through the crypto community, prompting responses from John Deaton, Ripple's lawyer, and Changpeng Zhao (CZ), the founder of Binance.
The crypto industry is in a constant state of flux. Each day brings its own set of surprises, twists, and challenges. For Binance, October 25th is shaping up to be a pivotal date. What is the urgency that's stirring things up behind the scenes at the exchange? Let's dive into the action.
Bitfinex, a state-of-the-art digital asset trading platform, has announced a strategic integration with Zodia Custody, a leading digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust. The integration will allow Zodia Custody clients to trade on Bitfinex while their assets remain securely held…
Tourmentée par des dizaines de milliers de sanctions infligées par l’Occident, la Russie, bourreau de l’Ukraine, n’a de choix que de se tourner vers les cryptomonnaies et les technologies connexes. Rouble numérique, plateforme nationale d’échange de devises numériques, DAO… forment actuellement un bouquet d’alternatives pour rehausser une économie russe en plein plongeon. Sauf que les États-Unis n’ont pas l’intention de lui faciliter les choses, même avec les cryptos. Washington n’hésiterait pas à faire pression sur Binance pour couper le pont entre les Russes et les actifs numériques. Détails !
After complying with the FSMA's decision, the Belgian regulator for cryptocurrencies and finance, Binance had to suspend its activities in the country back in June. Three months later, the world's largest cryptocurrency exchange announces a triumphant return to Belgium. What has changed since then? Let's delve into it.
According to the latest news, Coinbase's treasuries currently hold approximately 1.68 million ethers, equivalent to around $2.69 billion. Why does Vitalik Buterin, the co-founder of Ethereum, continue to replenish this American crypto exchange with ETH? The crypto community is once again pondering this question. Let's take a closer look!
Given its trajectory, the legal battle between Binance and the SEC is expected to persist, akin to the Ripple case. The Securities and Exchange Commission appears to have multiple strategies at its disposal, while Binance remains resolute. Recently, its CEO, Changpeng Zhao (CZ), defended his cryptocurrency exchange on X (formerly Twitter). Here are the key points:
As the crypto sector continues to evolve at dazzling speed, Binance, the crypto trading giant, once again appears to be at the forefront of innovation. With the launch of ColLabs by Binance Labs, the promise is bold: to transform the way investors perceive and interact with the Web3 ecosystem.
Do you have liquidity on Binance Liquidity Swap? Binance has just decided to remove a total of 39 liquidity pairs from its Binance Liquidity Swap platform. The list includes PEPE Coin pairs, despite the crypto's astronomical price growth in 2023. Back to the specifics of this decision.
Binance is currently experiencing a number of setbacks. Some are regulatory, others financial. Against this backdrop of uncertainty, the crypto platform wants to bank on improving its BNB Smart Chain blockchain.
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The crypto sector is evolving at a relentless pace. Technological upheavals and major market players are constantly shaping the financial landscape. Among these players, Binance is undeniably one of the titans. And recently, its involvement in the Lightning Network has become a hot topic of discussion.
Over the past few days, Binance has been at the center of a whirlwind of events, including the suspension of SEPA transfers. Today, the platform is bidding farewell to over 60 crypto trading pairs. What are the reasons behind this decision?
At the heart of the technological fray, cryptocurrency giants weave their web. Binance, one of these titans, faces a major challenge: the burning issue of liquidating its US operations.
Coinbase CEO Brian Armstrong said the SEC asked the platform to remove any assets other than Bitcoin from its list. All crypto assets except Bitcoin were, in fact, securities and had to be removed from the list, the regulator said. According to Armstrong, accepting this request would lead to the end of the crypto industry.
At a time when FUD is reaching its peak in the cryptosphere, Binance has announced a voluntary interruption of some functionalities linked to Market orders. Although the company has promised to resolve the problem immediately, some crypto investors are in doubt.
The Binance-SEC case seems to be progressing very quickly. Just one day after filing a complaint against the crypto exchange, the regulator is taking a new step. The SEC is currently seeking to freeze Binance's assets and even wants to go further by blocking any access of Binance and its CEO Changpeng Zhao to the funds of U.S. clients.
The SEC has revealed a whole list of shitcoins that Binance should have registered as securities. What about Ethereum? And wash trading?
After the CFTC, it's now the SEC's turn to go after Binance and its founder Changpeng Zhao (CZ).
The crypto market has promising days ahead. At least, that's what Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange in terms of trading volume, claims. In a recent interview with Bankless, Zhao predicted a series of successes for the industry and highlighted potential future scenarios. Let's briefly decipher his statements.