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Binance Withdraws Bid for Abu Dhabi License: Reuters
8.12.2023
Binance determined the application was not necessary "when assessing [its] global needs." The move is unrelated to the exchange's legal settlement in the U.S
Bitcoin ETF in Q1 and Bitcoin Price All-Time High in Q4: VanEck Predictions 2024
8.12.2023
Source: DALL·E VanEck, a prominent investment management firm, has released a set of 15 cryptocurrency predictions for the year 2024, casting a spotlight on potential significant developments in the digital asset space. The firm’s report offers a detailed outlook, highlighting key predictions...
Binance Withdraws Application for Abu Dhabi License, Reassessing Compliance Needs
8.12.2023
Source: Pixabay / satheeshsankaran Binance has officially withdrawn its application for a financial license in Abu Dhabi, according to Reuters. This move is indicative of the exchange’s ongoing reassessment of its global operations and licensing requirements. The application, submitted by...
Binance Founder CZ Remanded to Remain in Continental US, Travel to UAE Prohibited
8.12.2023
Changpeng Zhao, better known as CZ, the founder of Binance, has recently grappled with significant legal hurdles in the U.S. His guilty plea in a notable case led a Seattle federal judge to impose movement restrictions on him. Former Binance Boss CZ Restricted to U.S. Soil As the pivotal figure...
Binance Founder CZ to Await Sentencing in US; Judge Cites Wealth Abroad as Flight Risk Factor
8.12.2023
Source: GeekWire/ Taylor Soper A federal judge in Seattle has ruled that Changpeng Zhao, the founder and former CEO of Binance, must remain in the United States while awaiting sentencing on money laundering charges. The decision overturned a previous ruling by a magistrate judge, who had allowed...
Binance Founder Changpeng 'CZ' Zhao Stuck in U.S. Until Sentencing
8.12.2023
Binance founder and former CEO Changpeng Zhao must remain in the U.S. until he is sentenced next February, a federal judge ruled Thursday
Binance Will Lose Dominance After Plea Deal: Head of Digital Assets Research at VanEck
7.12.2023
Source: Adobe Binance, the largest cryptocurrency exchange in the world, is expected to lose its leading position following the guilty plea to US charges and a record $4.3 billion penalty. While the total market value of cryptocurrencies has surged by 12% or $180 billion in the past week, Binance...
OKX and Bybit Capitalize as Binance’s Market Share Declines + More News
7.12.2023
Source: AdobeStock / Rafael Henrique Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: OKX and Bybit Capitalize as Binance’s Market Share Declines Safe Partners with Sygnum Bank...
Judge Greenlights Plea Deal in High-Profile Binance Case; CZ Faces Sentencing in 2024
7.12.2023
A U.S. federal judge has endorsed the plea deal agreed upon between the U.S. government and Changpeng Zhao, the founder of Binance, widely known as “CZ.” Judge Richard Jones approved the plea in a recent court document, setting the sentencing for February 2024. U.S. Federal Judge Confirms...
Former Binance CEO CZ’s Guilty Plea Accepted by US Judge
7.12.2023
Source: DALL·E Changpeng Zhao, former CEO of Binance known as CZ, had his guilty plea accepted by a U.S. judge in a case involving anti-money laundering (AML) regulations. According to a recent court filing in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard...
Binance, SBF, ETH and Gensler Get Mentions at Republican Presidential Debate
7.12.2023
Republican leadership contender Vivek Ramaswamy got the first crypto question
CZ's Guilty Plea Accepted by Judge, Has Yet to Decide If Binance Founder Can Go Home
6.12.2023
A federal judge accepted Binance founder Changpeng "CZ" Zhao's guilty plea to one count of violating the Bank Secrecy Act, but has not yet weighed in on whether Zhao can go back to the United Arab Emirates before he is sentenced in February
Binance Announces Compensation For Traders Who Bought AEUR Stablecoin During 200% Surge
6.12.2023
Source: Pixabay Binance will compensate users who bought the Euro-pegged AEUR stablecoin during a recent 200% surge, the company said. In a blog post published Wednesday, the company said it would create a compensation plan for users who bought the stablecoin after its value surged nearly 200%...
New Binance CEO Richard Teng Addresses Compliance Issues in First Interview
6.12.2023
Image Source: Binance Richard Teng, the newly appointed CEO of Binance, has faced a challenging debut during his first public interview. In an interview at the Financial Times’ Crypto and Digital Assets Summit in London, the crypto boss acknowledged that Binance’s compliance systems...
Binance and CZ Settle With the DOJ and Other Federal Agencies
6.12.2023
On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency...
This Bitcoin Rally Feels Different. FOMO and YOLO Seem to Be Back
6.12.2023
BTC just hit $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are buying
Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'
5.12.2023
The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token
Crypto Firms Should Use Binance’s Settlement As a “Template” For How to Operate, Says CFTC Commissioner Kristin Johnson
5.12.2023
Source: Pixabay Binance’s $4.3 billion fine from the Commodity Futures Trading Commission should be used as a “template” for how to operate, CFTC Commissioner Kristin Johnson said. Speaking at the Financial Times’ Crypto and Digital Assets Summit: Winter Edition on Tuesday, Johnson asserted that...
New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto
5.12.2023
In his first public interview since getting the job last month after founder Changpeng "CZ" Zhao was formed to step down amid a $4.3 billion legal settlement with the U.S. government, Teng said Binance’s compliance systems were inadequate in the past and that mistakes were made. But Teng, who...
Richard Teng Says Binance Has Changed Following Record-Breaking Compliance Settlement
5.12.2023
Binance CEO Richard Teng says the company has fundamentally changed following a massive $4.3 billion settlement over compliance issues. Image by Koukichi Takahashi, Adobe Stock. On Tuesday, new Binance CEO Richard Teng stated in an interview with Cointelegraph that Binance is now “totally...