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Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement
22.11.2023
On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s...
Binance Faces $4 Billion Demand From US Justice Department to Settle Criminal Case: Report
21.11.2023
Cryptocurrency exchange Binance is reportedly facing a $4 billion demand from the U.S. Department of Justice (DOJ) in order to settle a criminal case. The Justice Department has been investigating Binance on allegations related to money laundering, bank fraud, and sanctions violations. US DOJ Wants...
Crypto Markets Chop as Reports Emerge That US DoJ Wants Over $4 Billion From Binance to Settle Yearlong Investigation – Here’s The Latest
20.11.2023
Binance Logo / Source: Adobe The US Department of Justice (DoJ) is seeking a settlement of more than $4 billion from the world’s largest crypto exchange Binance as a proposed resolution to a yearlong investigation into the exchange, Bloomberg reported on Monday citing people familiar with...
Head of Dubai’s Digital Asset Regulator Steps Down – What’s Going On?
16.11.2023
Image Source: Pixabay The head of Dubai’s cryptocurrency regulator, Henson Orser has left the role to pursue new interests amid looming domestic fines on digital asset companies for a breach of rules. According to a Bloomberg report Orser, who was the head of the Virtual Assets Regulatory Authority...
Binance and Gulf Energy’s Joint Venture to Launch Crypto Exchange in Thailand
16.11.2023
Source: Pexels In a strategic collaboration, Binance Holdings Ltd. and Gulf Energy Development Pcl are set to launch a cryptocurrency exchange in Thailand early next year. This follows the acquisition of licenses from the Thai Securities and Exchange Commission, with Gulf Binance Co. obtaining...
Kevin O’Leary Says Binance Could Lose Half of its Customers to Abu Dhabi’s M2 Exchange
15.11.2023
Image Source: CNBC Shark Tank star Kevin O’Leary has predicted that Abu Dhabi’s M2 exchange could pose a significant threat to industry giants. According to O’Leary, M2 will emerge as the largest regulated crypto exchange globally as it is backed by substantial capital and...
Binance Launches Web3 Wallet to ‘Lower the Barrier’ for Self Custody
10.11.2023
Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC) tech, which Binance alleges allows users to manage the wallet without...
Dr. Doom Embraces What He Once Scorned: Nouriel Roubini’s Firm Rolls Out Crypto Amidst Criticism
9.11.2023
Critics are currently roasting economist Nouriel Roubini, whose disdain for cryptocurrency is well-documented, as his company Atlas Capital announces its venture into the very market he once scorned. The firm is rolling out a crypto asset token crafted to combat the “negative effects...
Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance”
8.11.2023
Source: Adobe Digital asset exchange Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users. The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across 30 blockchain networks...
US Lawmakers Ask DOJ to Consider Criminal Charges Against Binance and Tether
28.10.2023
Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against Binance and Tether, alleging that the two crypto platforms were used to fund Hamas. “We urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing...
Binance Crypto Withdrawals Temporarily Unavailable Due to Technical Issues
25.10.2023
Withdrawals on cryptocurrency exchange Binance are temporarily unavailable due to a "technical issue," according to a post on the exchange's X account
Binance Executives in UK and France Leave Crypto Exchange
25.10.2023
Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions in Europe and beyond. Binance U.K., Bifinity...
Binance Latam Regional VP: ‘We Intend to Become Regulated in Argentina’
24.10.2023
Min Lin, Latam regional vice president at Binance, referred to the intention of the institution to become regulated in Argentina after a specific law to license crypto brokers is approved. Lin stated the exchange is talking with regulators to introduce innovation in regulatory frameworks...
US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit
21.10.2023
In a significant move on Thursday, the U.S. Chamber of Digital Commerce, a leading crypto policymaking advocacy group, filed an amicus brief urging the U.S. Securities and Exchange Commission (SEC) to dismiss its lawsuit against cryptocurrency giant Binance. SEC’s Authority Questioned:...
Binance Resumes Euro Transfers Through New Fiat Partners
21.10.2023
Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of losing the services of Paysafe. Crypto Exchange...
Binance Says It Has Onboarded New Euro Fiat Partners for Deposits, Withdrawals
19.10.2023
Paysafe, the crypto exchange's former service provider for euro transfers ended support last month
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...
Israel Police Freeze Crypto Accounts at Binance Allegedly Used by Hamas
11.10.2023
The Israel Police have frozen crypto accounts held at Binance allegedly used by Hamas to collect crypto donations as tensions between Israel and Hamas escalate. In addition, the Israel Police have frozen a Hamas-linked account at Barclays Bank. Hamas-Linked Crypto Accounts at Binance Frozen...
Binance Announces UK Domain Compliant With New Crypto Promotion Rules
7.10.2023
Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest rules for crypto marketing. Binance Marketing...
Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries
29.9.2023
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in...