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Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded
6.5.2024
While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license
States’ backlash against Binance.US continues with 6th license pulled
1.5.2024
Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges
Binance Co-Founder Says Former CEO CZ Is in a ‘Positive Situation’ Ahead of Sentencing
19.4.2024
At a Dubai event, Binance co-founder He Yi discussed former CEO Binance CZ's legal situation, describing it as "largely peaceful" despite his upcoming sentencing in the US. CZ's plea deal led to his resignation and a $4.3 billion forfeiture by Binance. Yi also addressed Binance's regulatory stance...
Crypto Billionaire Justin Sun Moves $196 Million in Tether To Binance – What is He Buying?
17.4.2024
Justin Sun, the founder of Tron, sent a massive amount of USDT to Binance. On April 17, blockchain investigator Lookonchain made this shocking revelation that the Tron founder transferred $196 million worth of USDT from Huobi to a Binance wallet address.
The post Crypto Billionaire Justin Sun Moves...
Binance.US Appoints Former NY Fed Compliance Chief Grant Martin To Board Amidst Crypto Regulation Crackdown
16.4.2024
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US., the crypto exchange announced in a Tuesday blog post. News of Martin's appointment follows just months after former global Binance CEO, Changpeng "CZ" Zhao...
Binance.US Taps Former New York Fed Compliance Chief for Board Role
16.4.2024
Binance.US added Martin Grant, a one-time New York Federal Reserve Bank official who spent 17 years as its chief compliance and ethics officer, to its board of directors
Philippines Are Left Without Withdrawal Options as SEC Blocks Binance
8.4.2024
Philippines crypto users are unable to withdraw their funds after the country's Securities and Exchange Commission blocked Binance.
The post Philippines Are Left Without Withdrawal Options as SEC Blocks Binance appeared first on Cryptonews
Investors Get Green Light to Pursue Class Action Against Binance
9.3.2024
A group of investors who sought to sue cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case.
The post Investors Get Green Light to Pursue Class Action Against Binance appeared first on Cryptonews
Binance.US Revenue Plummets 75% Amid Fallout from SEC Lawsuit
7.3.2024
Binance.US lost three-quarters of its revenue after the SEC sued it, according to a new legal filing of a deposition in December 2023 by Chief Operations Officer Christopher Blodgett. “Our trading volumes and business more generally have imploded,” said Blodgett after the SEC froze Binance.US’...
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
6.3.2024
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Binance.US Not Being Totally Forthcoming, SEC Complains in New Filing
5.3.2024
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday
Trader Loses $70,000 In Seconds to Binance Hack, Details “Strange” Experience
1.3.2024
In an X post published on February 29, a trader going by the username “DoomXBT” posted a thread sharing his “strange” experience of getting hacked on Binance.
The post Trader Loses $70,000 In Seconds to Binance Hack, Details “Strange” Experience appeared first on Cryptonews
IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts
28.2.2024
The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives — Sulolit “Raj” Mukherjee and Seth Wilks — to aid in digital asset reporting, compliance, and enforcement programs.
The post IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts...
Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing
24.2.2024
The United States Attorney's Office has made a formal request to a federal judge seeking additional travel restrictions for Changpeng Zhao, commonly known as CZ, the former CEO of Binance.
The post Request Made for Binance’s Changpeng Zhao to Surrender Passports Before Sentencing appeared...
Ronin Token (RON) Rally Holds Strong Despite Volatility After Binance Listing
6.2.2024
Ronin, the gaming blockchain developed by Sky Mavis, the creator of Axie Infinity, has demonstrated resilience in its token (RON) performance despite facing initial turbulence while listing on the crypto exchange Binance. On February 5, Ronin token prices experienced significant volatility...
Steve Christie’s Return to Binance Signals Strong Compliance Push
3.2.2024
Binance has rehired Steve Christie, its former Senior Vice President of Compliance, as the Deputy Chief Compliance Officer. In a recent announcement, the exchange said Christie’s primary responsibility will be to enhance Binance’s compliance framework by collaborating with regulators...
Comparison of Binance.com and TapaCoin.com: When a Leader Meets a Competitor
31.1.2024
  The cryptocurrency world is in a constant state of flux, and two platforms, Binance.com and TapaCoin.com, stand out as leaders in the industry. Let us conduct a detailed comparison of these two exchanges, highlighting their unique characteristics and features. Binance.com: The World’s...
Regulatory Clampdown — Alaska and Florida Order Binance US to Cease Operations
29.1.2024
A recent report indicates that regulatory authorities in Alaska and Florida have prohibited Binance US from operating within their jurisdictions. This development comes in the wake of Binance, along with its previous CEO Changpeng Zhao, reaching a plea agreement with the U.S. government. Alaska...
Binance and SEC Clash Over Evidence Production and Witness Depositions in Ongoing Legal Battle
27.1.2024
The legal battle between Binance and the United States Securities and Exchange Commission (SEC) continues to intensify as court documents shed light on the clash over evidence production and witness depositions in the SEC’s case against the leading cryptocurrency exchange. According to...