As part of the agreement he signed with the US Department of Justice (DOJ), Changpeng Zhao (CZ), the former CEO of the crypto exchange Binance, pleaded guilty. The arrangement spares the company he founded from a trial that could destroy it. As for him, he will still have to face the full force of the law. His defense lawyers have just proposed a rather unprecedented sanction option for their client.
The Binance affair takes an unexpected turn as U.S. prosecutors attempt to prevent the former CEO CZ from leaving the United States. The risk of flight looms, raising crucial questions about the future of the crypto exchange.
Binance is at a decisive crossroads. With major regulatory challenges and growing mistrust, a new captain comes aboard the platform, Richard Teng. But the big question remains: will he be able to navigate these troubled waters and regain lost trust? Let's embark together to explore this saga worthy of a financial thriller.
In the turmoil of the Binance affair, its founder CZ finally breaks his silence. He asserts his mental stability despite legal challenges. And of course, this unexpected statement is not without repercussions.
The crypto universe is reaching a significant milestone. The involvement of financial giants like BlackRock and Vanguard, as well as the recent statement from Hester Peirce, a commissioner at the SEC, signal a decisive turning point. Let's take a closer look at these developments and their implications for the future of crypto.
A judge has allowed CZ, the former CEO of Binance, to reside in the UAE awaiting his sentence. A decision that will influence the future of crypto!
Binance is currently experiencing a challenging period in the United States. According to the latest information from Bloomberg, the US Department of Justice is reportedly seeking $4 billion from the Exchange to settle its investigation into allegations of money laundering and other alleged illegal activities.
The potential link between the crypto firm Binance and terrorism financing is still stirring reactions. Specifically in the United States, where Congress has called on the federal administration to shed light on this allegation. This is to be done by openly addressing certain aspects of this issue.
Yesterday, crypto firm Binance and the SEC jointly filed a lawsuit seeking a restraining order. The judge outright rejected the request. Here are the reasons given by Judge Amy Berman Jackson, who ruled on the case.
At the Binance Blockchain Week 2023 in Istanbul, the largest crypto platform announced a major development: the launch of its Web3 wallet. This innovation promises to free users from the age-old fear of losing their recovery phrase - a turning point that could mark a new era for the millions of Web3 enthusiasts.
After several months of litigation, the case between Binance and the SEC is far from over. The SEC has taken legal action against the world's largest crypto exchange. But Binance has challenged the SEC's authority by filing a motion to dismiss the case against them. What exactly is the status of the lawsuit? Focus on the latest news on the Binance v SEC case.
Up until now, Ripple's cryptocurrency has struggled to regain its January 2018 levels, during which it was trading at $3.40. Nevertheless, its recent performances have not failed to impress observers. Should we expect an XRP bull run like other major cryptocurrencies? Time will tell. Let's delve into the details!
As the crypto sphere barely recovers from its usual rollercoaster rides, a new stir has ignited the community. Binance has released a message as cryptic as the currencies it handles. “The key to integrating the next billion,” the enigma left for a crowd of hungry speculators, skyrocketed the BNB price beyond 250 $. The date of November 8 is now marked as a significant moment, synonymous with a potentially groundbreaking announcement.
On this day, a major revelation shakes the crypto sphere: Binance closes the chapter on its dealings with Russia by terminating its ruble payment partnership. This event not only demonstrates the volatility of alliances in the digital arena but also emphasizes the weight of current geopolitical stakes.
In the crypto sphere, where every day brings its share of surprises, Binance's supremacy is suddenly put to the test. The giant among crypto exchanges sees its throne shaken by the meteoric rise of the CME Group. But how did we get here?
Binance, one of the leading cryptocurrency exchange platforms, is facing a technical obstacle. Cryptocurrency withdrawals are temporarily suspended, causing concern among users. What exactly is happening?
The crypto industry is rocked by a series of major departures at Binance, one of the key players in the sector. These resignations, including that of the head of Binance UK and the director of Binance France, reflect the turbulence the crypto company is currently facing. Let's delve into the behind-the-scenes of these departures.
Binance réalise régulièrement des travaux de maintenance opérationnelle des cryptos disponibles sur sa plateforme d’échange crypto. La plus récente activité de ce genre en date a concerné la crypto Tron, effectuée mercredi 18 octobre dernier.
Justin Sun, the founder of Tron and CEO of BitTorrent, recently made significant transfers of stablecoins to Binance. These actions have piqued the curiosity of the crypto community and, more importantly, have become a source of speculation. These transfers could indeed indicate that Sun is anticipating a crypto price increase.
Binance, the leading cryptocurrency exchange platform, is currently facing massive capital outflows. These movements appear to be motivated by growing concerns about regulation.
At the crossroads of financial giants, the crypto arena has become the scene of a legal drama that could redefine the future of digital currencies. At the center of this storm, Binance finds itself in the crosshairs of the dreaded US SEC. And, as the stakes continue to rise, Circle, the issuer of stablecoin USDC, invites itself to the negotiating table.
In the ever-fluctuating realm of the crypto sphere, northern lights are not uncommon. But sometimes, one star shines brighter than the rest, altering the nighttime landscape of the financial sphere. That star today is Binance with its Copy Trading introduced on October 9, 2023.
Following the FTX incident, Binance opted for transparency to maintain the trust of its hundreds of millions of users. Thus, in November 2022, the crypto giant engaged Mazars, an international auditing firm, to facilitate access to reliable data concerning customers' holdings in BTC, ETH, USDT, and more. In early October, Binance released its 11th Proof-of-Reserves (PoR) report. Details follow.
Accusations against SBF, the former CEO of crypto exchange FTX, continue to make headlines. And one thing is certain, the case won't calm down anytime soon, especially when Michael Lewis adds fuel to the fire. According to his statements, it seems that the relationship between Binance and FTX has never been smooth. Why?
Before November 2022, no one expected the American crypto exchange FTX, valued at over $32 billion, to meet such a tragic end. Colossal losses for the company, its creditors, and its founder Sam Bankman-Fried, investments worth thousands, if not hundreds of thousands, of dollars lost for its creditors (including individuals and institutions), plummeting cryptocurrency prices (Bitcoin, Ethereum, etc.). The toll is heavy. Now that the fallen young CEO of FTX is summoned to court to answer for his actions, we share some details that will send shivers down your spine.
An expert recently insinuated that the Binance exchange may have contributed to the downfall of the high-profile FTX exchange, a story that has been making headlines. This allegation has sent shockwaves through the crypto community, prompting responses from John Deaton, Ripple's lawyer, and Changpeng Zhao (CZ), the founder of Binance.
The crypto industry is in a constant state of flux. Each day brings its own set of surprises, twists, and challenges. For Binance, October 25th is shaping up to be a pivotal date. What is the urgency that's stirring things up behind the scenes at the exchange? Let's dive into the action.
Did Binance exacerbate the situation as FTX showed signs of fragility? That's what Nir Lahav and his group believe, and they didn't hesitate to file a class-action lawsuit accusing CZ and Binance of contributing to their competitor's downfall through their November tweets.
While Binance finds itself in the SEC's crosshairs, another crypto, USDC, finds itself caught up in this storm. But what's really going on, and why is Circle concerned?
It's truly the end! Binance and PaySafe are now heading in opposite directions. But after the contract expiration, the cryptocurrency giant is struggling to find new banking partners in France. However, it appears that the crypto exchange may have found a solution to its problems.