Tag: Binance

Binance Faces Three-Month Ban in the Philippines

The head of the Philippines SEC, Kelvin Lee, clarified that the ban on Binance would take effect three months after the advisory was...

Global Regulatory Quagmire: Philippines SEC Takes Aim at Binance’s Operations

The Philippines SEC has warned Binance for operating without the necessary approval or license, citing the absence of registration and required authorization to...

Cristiano Ronaldo at the Center of Class-Action Lawsuit Tied to Binance

Cristiano Ronaldo faces a proposed class-action lawsuit linking him to alleged securities violations. The lawsuit claims Ronaldo's endorsements prompted users to invest in...

Reopening Pandora’s Box: SEC Launches Another Kraken Laws

The US SEC accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency. The first Kraken lawsuit occurred around Q3...

Crypto Landscape Rattled: Binance CEO CZ’s Shocking Plea Deal

Binance founder Changpeng "CZ" Zhao has stepped down as CEO amidst a reported $4.3 billion settlement with the U.S. Department of Justice (DOJ). ...

Binance Appoints Richard Teng as CEO Amid Legal Challenges and Leadership Transition

Changpeng Zhao stepped down as the Binance CEO on Tuesday after pleading guilty to charges levied against him by the U.S. Department of...

Impact of Changpeng Zhao Guilty Plea on the Future of Centralized Exchanges

Changpeng Zhao has agreed to step down after pleading guilty to breaking US AML laws as part of a $4.3 billion settlement. ...

The Finale of the FTX Saga

After only a month of court proceedings and four hours of jury deliberations, the court found Sam Bankman Fried guilty of all seven...

Binance exits Russia fully selling its firm to CommEX

Cryptocurrency exchange Binance has finalized its departure from the Russian market, selling its business to CommEX, citing incompatibility with compliance strategy Binance's withdrawal...

Cryptocurrency exchange Binance reopens in Belgium after suspension

Binance has reopened registrations and services for Belgian users after complying with regulatory requirements, marking a significant development following a three-month suspension The...

Binance cryptocurrency exchange faces payment processing issues, limits withdrawals in Europe

Major cryptocurrency exchange Binance has halted euro withdrawals in Europe due to SEPA transfer issues Users faced frustration as they couldn't access their...

Binance halts BUSD Support amid increased regulatory scrutiny

The journey to Binance's decision to cease support for BUSD began in February 2023 when the NYDFS ordered Paxos to stop issuing new...

Breaking boundaries: Binance’s to launch crypto services in Japan this August

Binance will provide comprehensive services to its Japanese users starting in August, as revealed by its CEO Changpeng Zhao during a conference in...

Crypto loss statistics: Top secure wallets for safeguarding digital money

At the end of 2022, investors had misplaced over 4 million bitcoins (US$120.8 billion at current market pricing) Huge amounts of money have...

Binance disassociates from Binance Nigeria Limited (BNL), sends ‘cease and desist’ notice

The Nigerian Securities and Exchange Commission (SEC) released a circular on June 9, declaring Binance Nigeria Limited (BNL) illegal in the country. Binance...

A new crypto exchange EDX Markets launched

A new crypto exchange backed by firms including Fidelity Digital Assets, Charles Schwab Corp. and Citadel Securities has confirmed that it has gone live. This launch could reshape the digital-asset landscape amid heightened regulation and scrutiny of the cryptocurrency sector. EDX Markets is a new crypto exchange designed to meet both the needs of native digital assets firms and the largest financial institutions globally. The creators of EDX intended to enable faster, safer, and more efficient cryptocurrency trading, leveraging best practices from traditional financial markets on a purpose-built platform.