Search
Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit
25.7.2023
Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC).
Per a court filing on Monday, Binance and...
Binance and CEO Changpeng Zhao seeks to dismiss CFTC complaint
25.7.2023
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC against them
Binance Says It Intends to File Motion to Dismiss CFTC Complaint
25.7.2023
Binance, Changpeng Zhao, and Samuel Lim filed a motion Monday night to ask the court for additional allowed length in its response
24th Quarterly BNB Burn Successfully Completed by Binance
20.7.2023
The embattled crypto exchange giant Binance completed its quarterly burn of 1.99 million BNB coins worth around $477 million on Wednesday successfully.
The exchange has been conducting such quarterly burns of BNB to reduce the token’s supply since October 2017.
The price of the BNB did not see...
Binance CEO Confirms Layoffs, Refutes Exaggerated Figures
17.7.2023
Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.”
“As we continuously strive to increase talent density, there are involuntary terminations,” CZ wrote in a tweet this weekend, while adding “This happens...
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...
Binance CEO Changpeng Zhao Reveals His Secret for Building ‘Tight Teams’: External Pressure
12.7.2023
Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange in volume traded, has revealed his secret for building a comprehensive team of employees for any startup. According to Zhao, external pressure has contributed to the unity of the team behind the exchange, and it also makes...
CZ Says News of Exec Departures at Binance Is FUD
9.7.2023
Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading...
Multichain Woes: Users Informed of an ‘Abnormal’ Transfer of Assets to Unknown Address
7.7.2023
Users of the cross-chain protocol Multichain were on July 6 informed of an abnormal transfer of lockup assets on the Multichain MPC address to an unknown address. While the Multichain team has urged users to stop using the cross-chain protocol, Binance CEO Changpeng Zhao (CZ) told his followers...
Top Binance Executives Exit Over CEO’s Response to DOJ Investigation
7.7.2023
Binance's handling of the recent regulatory troubles has led to the departure of some top executives.
Several top Binance executives have resigned this week in response to CEO Changpeng Zhao's handling of the investigation by the US Department of Justice, Fortune reported on Thursday, citing...
Changpeng Zhao Calls News Around Exec Departures 'FUD'
7.7.2023
Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over its handling of DOJ investigations
Binance CEO: Exchange Gearing Up for Increased Crypto Trading Volumes – Here's Why
6.7.2023
Binance, the world’s largest crypto exchange, is doing “a lot of preparation” to be ready for increased trading volumes over the coming months, CEO Changpeng Zhao (CZ) has said.
Speaking in an AMA (“ask me anything”) session on Twitter Spaces on Wednesday, CZ said that if history is a guide...
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
6.7.2023
During a Twitter Space on July 5, Binance CEO Changpeng Zhao delivered his forecast for the next Bitcoin bull run
Binance’s ‘Provocative’ Motion Against SEC Could Expedite Criminal Charges, Warns Former SEC Official
25.6.2023
The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned that Binance’s recent motion accusing the regulator of ethical violations could expedite criminal charges against the crypto exchange. “Binance’s motion is provocative and Binance’s...
Binance Ordered to Cease All Crypto Services in Belgium
24.6.2023
Crypto exchange Binance has been ordered by Belgium’s Financial Services and Markets Authority (FSMA) to cease providing any crypto exchange and custody wallet services in the country. The Belgian financial regulator stressed that it “takes the view that by offering such services...
Etherscan launches AI-powered Code Reader: Finance Redefined
23.6.2023
The top 100 DeFi tokens broke out of a three-week-long bearish momentum amid a marketwide surge led by Bitcoin
Over 2,400 Companies, Including Binance's UK Office, Share a Small Suffolk Building – What's Going On?
20.6.2023
A Reddit post shows "Binance Ltd" as well as some 2,400 other companies, use a small Suffolk Building as a registered office address in the UK.
In a Monday post on the r/Buttcoin subreddit, user solanawhale shared the address of a so-called “utility closet” that a firm called Binance Ltd uses...
CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian ‘Scammer Entity’
20.6.2023
Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,” told his followers not to believe everything they read in...
Binance Takes Legal Action Against Fraudulent Nigerian Entity – What's Going On?
19.6.2023
Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance.
On June 9, the Nigerian Securities and Exchange Commission (SEC) ordered Binance to halt its operations of the local entity in the African country. ...