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Published: August 20, 2024   |   Last Updated: August 20, 2024
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September 16, 2024

Binance Founder CZ to Leave Prison on September 29

Changpeng Zhao (CZ), the founder of Binance, will leave prison on September 29 after a 4-month sentence for anti-money laundering violations. Key points: Confirmed release: CZ will leave Long Beach RRM on September 29. Sentence: He received 4 months for anti-money laundering failures. Prison time: He started serving at Federal Correctional Institution Lompoc. DOJ investigation:......

September 6, 2024

CZ Banned From Managing Binance For Life: Major Shift for Crypto Exchange

Former Binance CEO Changpeng 'CZ' Zhao has permanently lost the right to manage the platform under a settlement with U.S. authorities, though he keeps his shareholder rights. Key points: Lifetime ban: CZ can no longer manage or operate Binance. Shareholder status: He remains Binance's largest shareholder. CEO Richard Teng: Confirmed CZ's limited future involvement. Plea......

August 29, 2024

Binance Launches BNSOL: A New Chapter for Solana Staking?

Binance has teased "BNSOL," sparking speculation about a new staking product for Solana ($SOL) on the platform. Key points: Binance announces $BNSOL: A Liquid Staking Token powered by the decentralized Sanctum protocol. Unlocking liquidity: $BNSOL might allow stakers to unlock liquidity while still earning rewards. Impact on Solana: Binance's entry into Solana staking could boost......

August 15, 2024

Binance Achieves 19th Global Regulatory Milestone, Re-Enters India

Crypto exchange Binance has received its 19th global regulatory milestone as it re-enters the Indian market. According to the details from an official announcement, Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU-IND). Key points: Binance re-enters the Indian market. India marks its 19th global regulatory milestone. Binance registers as a......

August 6, 2024

Binance Contests $86 Million Tax Notice from India: Report

In one of the latest developments between India and Binance's Tussle, the exchange has reportedly challenged India's tax notice. Key points: Binance received an $86 million tax showcause notice from Indian authorities The notice covers alleged tax evasion from July 2017 to March 2024 Binance reportedly earned over $476 million in transaction fees from Indian......

June 21, 2024

U.S. Lawmakers Urge Nigeria To Drop Charges Against Binance Executive

United States lawmakers French Hill and Chrissy Houlahan recently paid a visit to the detained Binance executive in Nigeria. In one of his recent tweets, Hill underscored the pathetic condition that Tigran Gambaryan is going through in the Nigerian prison. https://twitter.com/RepFrenchHill/status/1803898800966091087 The drama between Binance and the Nigerian government has been going on for a......

June 20, 2024

India Slaps Binance with $2.2 Million Fine Over AML Violations

Binance has been slapped with a fine of approximately $2.2 million (18.82 crore INR) by India's anti-money laundering unit. The fine is for providing services to Indian clients without complying with the country's anti-money laundering (AML) regulations. The announcement was made by the Financial Intelligence Unit (FIU) on Thursday. The penalty comes after Binance and......