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Bernstein Report: Binance Will Remain the Top Global Crypto Exchange Despite DOJ Settlement
22.11.2023
Source: Adobe Binance, the world’s largest crypto exchange, is expected to maintain its position as the dominant global exchange, even after reaching a settlement with the U.S. Department of Justice (DOJ). According to a research report by broker Bernstein, Binance experienced minor outflows...
New Binance CEO Richard Teng pitches 'very strong' foundation to skeptics
22.11.2023
Teng’s tenure will focus on three aspects of the business as the CEO — reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said
Binance, CZ settlement with US DOJ 'bullish for Bitcoin ETF,' crypto community says
22.11.2023
Many on Twitter compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, whose then-CEO was also forced to step down
Trading Crypto on Binance Becomes Challenging as Order Book Liquidity Tanks 25%
22.11.2023
Order book liquidity refers to the capacity to trade quickly at quoted prices
Binance Coin Price Prediction as Changpeng “CZ” Zhao Steps Down After DOJ Settlement – Will BNB Rally or Dump Now?
22.11.2023
The Binance Coin price has slumped by 8.5% in the past 24 hours, after Changpeng Zhao stepped down as Binance CEO and pleaded guilty to money laundering violations. Binance has processed around $1 billion in withdrawals since yesterday’s settlement with the Department of Justice, with...
Binance announces reaching resolution with the US regulators
22.11.2023
Binance has announced that it is reaching a resolution with US regulators. The issues in question pertain to compliance, registration, and sanctions. Authorities involved in the case are the Office of Foreign Assets Control, the Commodity Futures Trading Commission, the US Department of Justice...
Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein
22.11.2023
The deal also removes the final hurdle before approval of a spot bitcoin ETF, the report said
CZ departure, Binance deal lead to purge of $175M of crypto longs
22.11.2023
Data aggregator DefiLlama showed that Binance’s crypto asset inflows in the last 24 hours have fallen by over $1 billion
Kryptoměnovou burzu Binance opouští zakladatel Zhao, usiluje tím o nižší trest
22.11.2023
Majitel a šéf kryptoměnové burzy Binance Changpeng Zhao odstoupil z funkce a přiznal svou vinu za porušení zákonů proti praní špinavých peněz. Je to součást dohody, kterou uzavřel s ministerstvem spravedlnosti. Zhao bude muset také zaplatit pokutu 4,3 miliardy dolarů. Rezignaci Zhao oznámil na síti...
CZ cites Star Trek to Binance staff: ‘l need everyone to continue performing admirably’
22.11.2023
Former Binance CEO CZ sent a letter to employees after he stepped down, assuring employees the company would be fine, and quoting a famous Star Trek line as he closed
Coinbase CEO Sees Binance Settlement as Chance for Industry Renewal
22.11.2023
Source: AdobeStock / photo_gonzo Coinbase CEO, Brian Armstrong says the Binance settlement is a chance for the industry to prioritize compliance and rule clarity to prevent regulators from slamming huge fines on companies. Armstrong wrote on X (Twitter) shortly after Binance’s settlement with...
New Binance CEO Says Exchange Has “Robust Revenues and Profits,” Hinting at Ability to Pay $4.3B Fines
22.11.2023
Image Source: Bloomberg New Binance CEO Richard Teng has hinted at the exchange’s ability to pay the $4.3 billion it has been fined by the US Justice Department. Teng, who was named CEO of Binance on Tuesday after Changpeng Zhao stepped down, said in a recent post on X (formerly Twitter)...
Binance Processes Nearly $1B in Net Outflows as Changpeng ‘CZ’ Zhao Resigns
22.11.2023
Data shows the exchange sits on over $67 billion worth of tokens, easing concerns of a possible bank run
Binance Founder CZ Writes to Staff: I have to deal with some pain, but will survive
22.11.2023
Source: X / @cz_binance Binance founder and former CEO Changpeng Zhao issued an internal memo to Binance staff following his guilty plea to several charges, including money laundering. The cryptocurrency exchange giant has agreed to pay a $4.3 billion penalty as part of the legal resolution. In...
Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance's Gulity Plea
22.11.2023
We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Binance CEO Changpeng Zhao quits, names Richard Teng his successor
22.11.2023
Changpeng Zhao has stepped down from the position of Chief Executive Officer for Binance, a venture he founded in 2017. CZ announced this through an official post, calling it an emotional moment and something that is right to do at the moment. He has named Richard Teng as the next CEO of Binance...
Bitcoin Price Prediction: BTC Slips 3% Amid Binance CEO’s Exit & Hyperinflation Fears
22.11.2023
In the rapidly evolving world of cryptocurrency, Bitcoin’s market dynamics have taken a notable turn. On Wednesday, Bitcoin’s trading value experienced a 3% decline, dropping to $36,190. This downward shift in Bitcoin’s trajectory coincides with significant developments in...
Over $200M in Crypto Futures Bets Liquidated as Bitcoin Slumped Under $36K on Binance Settlement
22.11.2023
The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets
Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty
22.11.2023
Source: AdobeStock / Iryna Budanova Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations. According to data from DeFi TVL aggregator...