#binance
#binance

Law

Binance CEO Changpeng Zhao Sentenced to Four Months in Prison

Changpeng Zhao, founder of Binance, sentenced to four months in prison for violating US law on money laundering. [ more ]

www.nytimes.com

New York City

Binance Founder Sentenced to Four Months in Prison

Changpeng Zhao, founder of Binance, sentenced to 4 months in prison for money laundering, less than prosecutors sought. [ more ]

moremoney-laundering

#regulation

Coindesk

3 weeks ago

Cryptocurrency

Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ

Binance fired staff uncovering market manipulation by client DWF Labs. [ more ]

Coindesk

Cryptocurrency

Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT

Binance now allows larger traders to keep their assets at independent banks.

The move may reflect users' unease about Binance's regulatory dispute and the bankruptcy of a rival exchange. [ more ]

Cointelegraph

Cryptocurrency

Why Binance's US plea deal could be positive for crypto adoption

Binance has pleaded guilty to money laundering and other federal charges, resulting in a $4.3 billion fine.

Binance's founder, CZ, will be sidelined from the firm for at least three years. [ more ]

London Business News | Londonlovesbusiness.com

Cryptocurrency

Binance legal issues affect crypto market

Binance CEO Changpeng Zhao stepping down and the $4.3 billion settlement with the US government caused volatility in cryptocurrencies.

The settlement highlights the risks of operating and investing in the cryptocurrency space.

Additional regulation could drive away investors in the short term but could lead to broader adoption and safer access to cryptocurrencies. [ more ]

moreregulation

#crypto-exchange

TechCrunch

Cryptocurrency

Binance CEO 'CZ' sentenced to four months in prison | TechCrunch

Changpeng Zhao, founder of Binance, sentenced to 4 months in prison for various violations including anti-money laundering and sanctions breaches. [ more ]

Coindesk

Cryptocurrency

What Binance's Exit From Nigeria Means for P2P Bitcoin

Binance discontinues services in Nigeria due to regulatory issues

Entrepreneurs in Global South face challenges due to currency wars and financial apartheid [ more ]

Coindesk

Cryptocurrency

CommEX, Owner of Binance's Former Russian Ops, to Close Down

CommEX plans to shut down its website by May 10.

CommEX bought Binance's Russian exchange last year. [ more ]

Coindesk

Cryptocurrency

Binance Is Facing Regulatory Headwinds as It Tries to Re-Enter UK Market: Bloomberg

Binance is facing challenges in re-entering the U.K. market after suspending its services in October.

The Financial Conduct Authority's new rules require crypto firms to be registered or approved by an authorized third party for marketing campaigns. [ more ]

Coindesk

Cryptocurrency

Binance Thailand Crypto Exchange Open for Trading

Binance Thailand, a joint venture between Binance and Gulf Innova, is now open for trading.

The exchange offers digital asset exchange services with Thai baht trading pairs and integrates with local banks in Thailand. [ more ]

morecrypto-exchange

#bitcoin

Coindesk

Cryptocurrency

First Mover Americas: BTC Dominance Increases, Binance to Re-Enter India

Bitcoin dominance increases due to impending halving and market risk aversion. [ more ]

Coindesk

Cryptocurrency

Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products

Trading volume for NFTs at multi-year lows

Binance ceases support for Bitcoin NFTs [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Cryptocurrency

Nigerian Binance Executive Escapes Custody, Deepening Ongoing Feud

Nigeria, with a significant Bitcoin affinity, has potential to become a major hub for the industry.

Feud between Binance and the Nigerian government could lead to broader industry crackdown. [ more ]

Coindesk

Cryptocurrency

Bitcoin Tumbles 6% After Hitting Record High as Mounting Sell Orders Cap Price Gains

Bitcoin price dropped 6% from all-time high due to heavy selling pressure at $69,000 and $70,000 levels on Binance exchange.

BTC tumbled more than $1,000 in a minute to $64,700 after briefly reaching an all-time high of $69,208. [ more ]

Coindesk

Cryptocurrency

First Mover Americas: Bitcoin Eclipses $43K Having Gained Nearly 10% in a Week

Bitcoin gains ahead of Fed rate decision

Binance allows larger traders to use independent banks [ more ]

Coindesk

Cryptocurrency

Bitcoin's 'Sell The Fact' Pullback Came From Binance, OKX: Kaiko

Bitcoin has come under pressure since spot ETFs began trading in the US, leading to a drop in price.

The selling pressure has been concentrated on Binance, OKX, and Upbit. [ more ]

morebitcoin

#compliance

Coindesk

Cryptocurrency

Binance Secures Full Virtual-Asset Services Provider License in Dubai

Binance awarded full crypto services license in Dubai by VARA. [ more ]

Coindesk

Cryptocurrency

Binance Could Come Back to India by Paying $2M Fine: Report

Binance seeks re-entry into India by paying a $2 million fine. [ more ]

morecompliance

ReadWrite

Cryptocurrency

Pepe Price Prediction: The Top Meme Coin Eyes $0.0000080 Ahead Of Bitcoin Halving; Time to Buy?

Pepe token is trending #1 on DEXTools with over 200,000 holders and a $3 billion market cap. [ more ]

#crypto-market

Coindesk

Cryptocurrency

First Mover Americas: Back in the Green

The crypto market saw gains following BlackRock's involvement in asset tokenization.

Binance faced charges of tax evasion in Nigeria, impacting its executives and operations. [ more ]

Coindesk

Cryptocurrency

BNB Price Climbs to Highest Since FTX Crash Amid Airdrop Frenzy, Easing Binance Worries

BNB price surpassed $380 for the first time since Nov. 2022, surpassing the broader crypto market.

BNB is benefiting from diminishing concerns about Binance after regulatory issues and from an airdrop campaign for BNB holders. [ more ]

morecrypto-market

Coindesk

Cryptocurrency

Selling on Rise? Crypto Whale Transfers $42.8M ETH to Binance

A crypto whale transferred 12,000 ETH to Binance.

Ether rose 11% despite regulatory concerns and the options market is more bearish on ether than bitcoin. [ more ]

Coindesk

Cryptocurrency

Binance Spun Off Venture Capital Arm Earlier This Year: Bloomberg

Binance spun off its venture capital arm, Binance Labs, under new CEO Richard Teng.

Richard Teng's background signifies a move towards regulatory compliance at Binance. [ more ]

#cryptocurrency

ReadWrite

Cryptocurrency

Binance executives detained in Nigeria

Former US federal agent arrested in Nigeria along with Binance official

Nigeria cracking down on Binance amid cryptocurrency exchange prohibition [ more ]

The Drum

Cryptocurrency

Binance launches a perfume to lure women into crypto

Binance launches perfume to attract women to crypto.

Binance faces legal challenges amidst its efforts to enhance female participation in the crypto sphere. [ more ]

TechCrunch

Cryptocurrency

Binance made crypto perfume in a baffling attempt to woo women | TechCrunch

Binance faced legal challenges but launched a bold fragrance marketing campaign to attract more women to crypto.

The fragrance 'CRYPTO' by Binance aims to break stereotypes and make the crypto space more inclusive. [ more ]

ReadWrite

Cryptocurrency

Binance to stop currency services in Nigeria amid legal dispute

Binance to discontinue currency services in Nigeria

Nigeria among largest cryptocurrency markets globally [ more ]

Coindesk

Cryptocurrency

Nigeria Government Demands $10B From Crypto Exchange Binance: BBC

Binance allegedly set an unofficial exchange rate contributing to economic disruption in Nigeria.

Nigeria demanded $10 billion fine from Binance for alleged illegal operations. [ more ]

TechCrunch

Cryptocurrency

Hackers steal $112 million of XRP Ripple cryptocurrency | TechCrunch

Hackers stole around $112 million of XRP cryptocurrency from Ripple's co-founder and executive chairman's personal accounts.

The stolen XRP funds have been laundered through several crypto exchanges including Binance and Kraken. [ more ]

morecryptocurrency

#nigeria

TechCrunch

Cryptocurrency

Binance to halt naira services amid ongoing regulatory probe in Nigeria | TechCrunch

Binance to halt NGN services in Nigeria

Legal disputes intensified by regulatory actions in Nigeria [ more ]

Coindesk

Cryptocurrency

Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports

Billions of untraceable crypto funds flowed through Binance in Nigeria, raising concerns about illicit activities.

Nigeria is facing a foreign exchange crisis and considering restrictions on capital outflows and crypto usage. [ more ]

morenigeria

Coindesk

Cryptocurrency

Crypto Trading Hits Busiest Pace Since June 2022

Spot trading volume increased in January due to bitcoin ETF approval.

Binance's trading volume rose while OKX's decreased in January. [ more ]

Coindesk

Cryptocurrency

Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX

Binance is in discussions about reducing its stake in South Korean exchange GOPAX.

The discussions are still in early stages and no further details were shared.

South Korea's proposed regulations on virtual assets may have an impact on the decision to reduce the stake. [ more ]

TechCrunch

Cryptocurrency

Bitcoin spot ETF volume rose, Coinbase went to court, Solana Mobile announces new device and Google cuts crypto apps in India | TechCrunch

Solana Mobile's new device receives over 30,000 preorders

The number of monthly active crypto developers fell 25% in 2023 [ more ]

#sec

Coindesk

Cryptocurrency

First Mover Americas: Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks

BlackRock's change to its spot bitcoin ETF mechanics allows Wall Street banks to play a key role in the ETF ecosystem.

Binance and its founder argue that the SEC did not meet the requirements of the 'Howey Test' in its lawsuit against them. [ more ]

Cointelegraph Magazine

Cryptocurrency

Binance's CZ must stay in US, Elon Musk seeks $1B for AI, and other news: Hodler's Digest, Dec. 3-9

Binance founder CZ ordered to stay in the US until his sentencing in February due to flight risk.

US House committee passes bill to promote blockchain deployment and increase US use of blockchain technology.

SEC delays decision on Grayscale's spot Ether ETF offering. [ more ]

moresec

#Binance

Coindesk

Cryptocurrency

First Mover Americas: Binance Withdraws an Abu Dhabi License Application

Cryptocurrency exchange Binance has withdrawn its bid for an investment-management license in Abu Dhabi, deeming it unnecessary for its global needs.

El Salvador has launched a program called 'Freedom VISA' that offers residency to individuals who invest at least $1 million worth of bitcoin or tether in the country. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Cryptocurrency

As ETF Hype Builds, Bitcoin Rallies Past $40k

Despite some setbacks, Bitcoin's price has crossed the $40,000 mark and is experiencing a steady upward trend.

Bitcoin's resilience in the face of Binance's legal troubles and competition from other exchanges is notable. [ more ]

Coindesk

Cryptocurrency

U.S. Crypto Lobbying on Course for Record Spend This Year

U.S. lobbying spending by the cryptocurrency industry is set to reach a record high this year.

Crypto companies have spent $18.96 million on lobbying by the end of Q3 2021, up from $16.1 million in the same period last year.

Coinbase is the biggest spender, followed by Crypto.com owner Foris DAX, Binance, and the Blockchain Association. [ more ]

Axios

Cryptocurrency

How regulators tamed crypto

Bitcoin price surges to $42,000, driven by optimism about Bitcoin ETF and Fed rate cuts.

Binance, the largest crypto exchange, pleads guilty to money laundering and fraud charges, but is allowed to continue operating under a settlement agreement. [ more ]

Coindesk

Cryptocurrency

Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'

The anchored euro (AEUR) stablecoin surged nearly 200% on Binance after being listed on the crypto exchange.

The token's low market cap and limited liquidity make it vulnerable to de-pegging by potential price manipulation. [ more ]

The Athletic

Cryptocurrency

Why Cristiano Ronaldo is being sued in $1bn lawsuit by people who bought his NFTs

Cristiano Ronaldo is facing a $1 billion class action lawsuit in the U.S. over his promotion of a non-fungible token collaboration with Binance.

The lawsuit alleges that investors suffered losses after making investments based on Ronaldo's social media advertisements for Binance products. [ more ]

moreBinance

WSJ

Cryptocurrency

Binance Penalties Include a Number of Crypto Industry Firsts

The Treasury Department's FinCEN is imposing its first-ever monitorship on the cryptocurrency exchange.

U.S. regulators are employing powerful measures typically used for major financial institutions to penalize Binance, the largest cryptocurrency exchange. [ more ]

WIRED