The world of cryptocurrency has never been free from controversy and legal issues. In recent months, one of the biggest players in the industry, Binance, has been facing intense scrutiny and legal action from regulators. This has resulted in detention…
Recently, the Securities and Exchange Commission (SEC) of Nigeria issued a landmark order against Binance, one of the world’s largest cryptocurrency exchanges. This move has created a buzz in the crypto community, especially among Nigerian users who make up 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…
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…
Binance says its admissions of guilt regarding its long history of noncompliance shouldn’t be used by America’s securities regulator to illustrate the digital asset exchange’s refusal to comply. This week, Binance submitted a flurry of new briefs with the U.S.…
Cryptocurrency exchange Binance has withdrawn its bid for an investment management license in Abu Dhabi, having deemed it unnecessary to the company’s “global needs.” The exchange still has an application to offer custody of digital assets to professional clients, according…
Despite recent troubles, including a $4.3 billion fine settlement with the US DOJ and a leadership change with CEO Changpeng Zhao resigning, Binance maintains its position as a leading cryptocurrency exchange with a market share of almost 50%. Binance’s market…
Binance’s settlement with the U.S. government is positive for the crypto industry as well as the exchange, JPMorgan (JPM) said in a research report Thursday. For the wider market, the exchange’s deal “would see significant reduction of a potential systemic…