Billionaire Changpeng Zhao and leading cryptocurrency exchange Binance pleaded guilty on Tuesday to federal charges in a watershed moment designed to bring order to the often-lawless crypto …
The World’s Largest Crypto Exchange Settles U.S. Criminal Case for $4.3B – “One of the Largest Fines in Corporate History”
What we were first tracking as classic "creative destruction" now continues to sit firmly in the "destruction destruction" column, as this $4.3B Binance settlement is announced weeks after FTX's Sam …
World’s largest crypto exchange exiting Russia amid war with Ukraine
Binance, the world’s largest crypto exchange, is exiting Russia, following a sale of its Russia-based operation to a newly-established crypto exchange named CommEX. The company was created on Tuesday, …
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Bitcoin slides after network congestion leads Binance to briefly halt withdrawals
Bitcoin fell to start the week, extending losses from a sharp drop over the weekend following reports by one of the biggest crypto exchanges in the world about “congestion” on the Bitcoin network. The …
Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies
For years, the giant cryptocurrency exchange Binance has had a reputation for dodging regulators and skirting financial rules, all without significant consequences. Now the world’s largest crypto …
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Coinbase files legal challenge to push SEC to write rules on crypto
Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest …
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What Binance’s US lawsuit says about the future for cryptocurrency regulation
The world’s largest cryptocurrency exchange, Binance, has been hit with a lawsuit by US regulator the Commodity Futures Trading Commission (CFTC). This is not the first time a cryptocurrency exchange …
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Binance Users Rush to Withdraw $1.6 Billion After CFTC Lawsuit
According to data from Nansen, Binance, the world’s largest exchange by trading volume, saw withdrawals of $1.6 billion after it was sued by regulators. Reuters reported that investors withdrew $1.6 …
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Crypto exchange Binance and its CEO sued by CFTC over regulatory violations
The United States Commodity Futures Trading Commission has filed suit against Binance and CEO Changpeng “CZ” Zhao for trading violations, according to a Bloomberg report. The suit was filed in the …
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Binance employees allegedly help customers in China bypass KYC controls
Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance …
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