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Another Executive Exits Binance Amid Regulatory Scrutiny


Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...

Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency


A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. Crypto’s Elite: How Bitcoin and Cryptocurrency Carved Out a...

Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run


Binance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run.  On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading...

Binance Makes Historic Move as First Licensed Crypto Exchange in El Salvador


Binance, the world's largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador.  In a Tuesday announcement, the company said it has been granted a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first...

Binance Users Reach 150 Million, CZ Reveals


Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months. Crypto...

Coinbase Looking to Add Lightning Network Support


Coinbase, one of the largest U.S.-based cryptocurrency exchanges, is moving to add support for Lightning Network on its trading platform. Brian Armstrong, CEO of Coinbase, confirmed that the exchange was looking into the best ways to achieve this task, reaffirming his support for bitcoin payments....

Binance to Restore Full Services in Japan in August, CZ Unveils


Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global...

Binance, CZ to Seek Dismissal of CFTC Complaint


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


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...

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