Results For: Binance
Coinbase CEO Responds to Binance Charges, Sees Opportunity to Begin a New Chapter
With the stunning news that rival crypto exchange Binance has been hit with criminal charges in the U.S., Coinbase CEO Brian Armstrong sees vindication in his company’s slower, compliance-focused approach. In a tweet shortly following the news regarding Binance CEO’s departure on Tuesday, Armstrong laid out why he believes Coinbase’s cautious strategy will pay off …...
DOJ Brings Criminal Charges Against Crypto Exchange Binance
The U.S. Department of Justice (DOJ) announced criminal charges against cryptocurrency exchange Binance on Tuesday. The charges allege the firm conspired to launder money and violated U.S. sanctions law. The filings represent the culmination of a years-long federal investigation into the largest crypto trading platform globally in terms of volume. The charges specifically relate to …...
Binance CEO Changpeng Zhao Resigns, Pleads Guilty
Binance CEO Changpeng Zhao (CZ) plans to step down from his leadership role. Additionally, he will plead guilty to criminal violations of U.S. anti-money laundering (AML) regulations, according to sources familiar with the matter shared with WSJ. CZ’s guilty plea is part of a sweeping $4.3 billion settlement deal between global cryptocurrency exchange Binance and …...
US DOJ Seeks Over $4 Billion From Binance For Settlement
The US Department of Justice is engaged in advanced negotiations with cryptocurrency exchange Binance over a proposed resolution to a multi-year investigation. The DOJ is seeking a settlement amount of over $4 billion from Binance, according to people familiar with the confidential talks shared with Bloomberg. While specifics are still minimal, the DOJ aims to …...
Ordinals (ORDI) Soars 88% on Binance Listing with Half a Billion in Trading Volume: Can the Momentum Last?
The price of Ordinals (ORDI) has seen a dramatic 88% surge over the last 24 hours following its listing on the popular crypto exchange Binance. The token’s price jumped from a 24-hour low of $7.21 to its current level of $13.78 as of press time, according to CoinMarketCap data. The addition to Binance, currently the …...
Binance Releases 12th Proof of Reserve Report – Is It Enough to Restore Trust?
Cryptocurrency exchange Binance has released its twelfth proof of reserve report, providing transparency into its reserves during a period of market instability. The latest report, with a snapshot date of November 1st, 2023, was calculated and verified by independent Chinese journalist Colin Wu. The proof of reserve report aims to reassure users that Binance has …...
Binance Dominance Tested as Rivals Gain Ground – CEX Report
The centralized cryptocurrency exchange (CEX) landscape has seen some notable shifts over the past year, according to a new market report from blockchain analytics firm 0xScope. While Binance still retains the top spot by a large margin, its market share across key metrics like trading volume has declined, opening opportunities for other exchanges to gain …...
Binance Lists Memecoin; But Where Did MEME Go?
Memecoin saw major on-chain activity and exchange deposits following its high-profile Binance listing. On-chain analytics firm Lookonchain provided detailed breakdowns of Memecoin’s tokenomics and post-listing token movements. According to Lookonchain, the total supply of Memecoin is 69 billion tokens. 8,797,500,000 MEME were circulating initially when Memecoin was listed on Binance, equaling 12.75% of the total …...
Binance and Tether Under Fire as Lawmakers Demand Terrorism-Financing Crackdown
Republican lawmakers are pressing the Department of Justice to evaluate crypto exchange Binance and stablecoin Tether over potential terrorism financing. This comes amid conflicting reports on crypto’s role in funding attacks against Israel. In a letter on Thursday, Senator Cynthia Lummis (R-WY) and Representative French Hill (R-AR) urged the DOJ to evaluate Binance and Tether’s …...
Binance Fights Back Against CFTC, Says It’s Not ‘World’s Derivatives Police’
Cryptocurrency exchange Binance renewed arguments against Commodity Futures Trading Commission (CFTC) charges on Monday, claiming the regulator is overstepping its authority. Binance faces increasing regulatory pressure as the CFTC pursues charges over allegedly offering unregistered crypto derivatives to US customers. In a March complaint, the CFTC claimed jurisdiction because the derivatives were denominated in a …...
