Changpeng Zhao, once at the helm of Binance, is on the verge of receiving a sentence that could dramatically shift the United States approach to crypto regulation and compliance. Facing up to 18 months behind bars, Zhao’s case highlights a…
Binance, the world’s top cryptocurrency exchange, is ramping up its spending on compliance, allocating an impressive $213 million compared to the previous $158 million. This move aims to tackle regulatory challenges and strengthen Binance’s compliance culture. But is this a…
Binance US faces bans in Florida and Alaska after CEO’s guilty plea triggers regulatory crackdown. Florida suspends Binance US’s license, Alaska denies renewal, citing concerns over Zhao’s plea. Despite setbacks, Binance US remains operational in select states. Binance US, the…
While the latest meltdown has driven most altcoins lower, BNB remained in the green zone and trades well above the $310 level with no signs of dropping yet. The price is up 3% in the last 24 hours. Following a…
The latest TokenInsight report reveals that 2023 witnessed shifts in market share and trading volume among top exchanges, with Binance’s numbers decreasing from 54.2% to 48.7% while OKX’s and Bybit’s increasing by 4.3% and 2.2%, respectively. Binance, Upbit, and OKX…
India has now banned foreign exchanges from operating in the country by blocking access to their websites and new application downloads. India blocked access to global crypto exchanges, including Binance, KuCoin, and OKX, on Jan. 12. India has instituted an…
Chainlink (LINK) and Binance (BNB) are both projected to see gains during the upcoming trading sessions. Binance (BNB) Can Spike According to Major Analyst – Projected to Reach $439.10 Binance (BNB) recently fell in value by 13%, sparking a lot…
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. After a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw back some…
Binance’s former CEO Changpeng Zhao sees personal fortune climb despite stepping down amid legal pressures. Changpeng Zhao experienced a remarkable surge in wealth in 2023, securing the 35th position on the Bloomberg Billionaires Index, which shows his net worth increasing…
The court order goes beyond financial penalties. It requires Binance and CZ to make certifications regarding the existence, application, and effectiveness of Binance’s enhanced compliance controls. The US Commodity Futures Trading Commission (CFTC) made a significant announcement, confirming that the…