Thu, November 28

Binance Rings in the Holidays with Global Celebrations and Giveaways

With a focus on community involvement and recognition, Binance, the biggest cryptocurrency exchange by trading volume and the world’s leading blockchain ecosystem, has planned a wide variety of holiday-themed activities and events. With a number of live events held in different places throughout the globe, Binance kicked off its worldwide

December 21, 2023 3 mins read

Court Orders Binance and CZ to Pay $2.85B in Settlement to CFTC

Binance and Changpeng Zhao (CZ), the ex-CEO of the crypto exchange, have been ordered by a U.S court to pay $2.7 billion and $150 million, respectively, to the U.S Commodity Futures Trading Commission (CFTC). The settlement has been approved by the court, according to the CFTC. After reviewing their actions,

December 19, 2023 2 mins read

Binance Completes SOC 2 Type II Audit in Latest Security Milestone

The largest supplier of blockchain and cryptocurrency infrastructure in the world, Binance, is happy to announce that its worldwide platform and technology services have successfully completed the System and Organization Controls (SOC) 2 Type II compliance audit. This accomplishment is the most recent manifestation of the organization’s steadfast dedication to

December 18, 2023 2 mins read

FTX Bankruptcy Legal Expenses Reportedly Climbs Over $350 Million

New pay documentation reveals that in the three months ending October 31, the now-defunct cryptocurrency exchange FTX spent around $53,000 per hour on bankruptcy attorneys and advisors. The bankruptcy attorneys have charged a minimum of $118.1 million from August 1st to October 31st, according to court documents filed between December

December 18, 2023 1 min read

FTX Debtors to Evaluate Claims Using Petition Date Crypto Prices

In an updated Chapter 11 plan of reorganization, the creditors of the bankrupt FTX crypto exchange have said that the value of client asset claims would be adjusted backwards to the date of the firm’s collapse in November 2022. The debtors recently said in a court filing in the U.S

December 17, 2023 2 mins read

Judge Prioritizes Customer Recovery Amid IRS Dispute in FTX Case

During a bankruptcy hearing, a federal judge acted to resolve a long-running disagreement between FTX and its biggest creditor, suggesting the court may attempt to expedite the recovery of FTX customers’ monies from the estate of the defunct cryptocurrency exchange. The crypto exchange’s outstanding balance with the Internal Revenue Service

December 14, 2023 1 min read

Bitnomial Secures U.S. CFTC Approval for Derivatives Clearing Proposal

Crypto derivatives firm Bitnomial has been authorized to settle margined futures and options contracts after registering as a derivatives clearing organization in the United States with the consent of the Commodity Futures Trading Commission (CFTC). Bitnomial applied to the Commodity Futures Trading Commission (CFTC) to provide U.S investors with margined

December 14, 2023 2 mins read

Bahrain-based CoinMENA Secures VASP License by Dubai’s VARA

CoinMENA, a cryptocurrency exchange based in Bahrain, has been granted a virtual asset service provider (VASP) license by the Virtual Assets Regulatory Authority (VARA) of Dubai. This allows them to do business and provide services inside the Emirates. According to the statement made on December 12, CoinMENA FZE, a Dubai

December 13, 2023 1 min read

Binance and CZ Throw Counterattack Against SEC

Binance, the global cryptocurrency exchange behemoth, and its former CEO, Changpeng Zhao (CZ), have launched a strong counteroffensive against the U.S. Securities and Exchange Commission (SEC). The move comes as a response to the SEC’s allegations, where the regulatory body accused the exchange of 13 securities law violations, including the

December 13, 2023 2 mins read

Crypto.com Collaborates with Prominent Singapore Charities for Web3 Payment Integration

Today, six significant charities in Singapore signed a Memorandum of Understanding (MOU) with Crypto.com, a renowned global leader in regulatory compliance, security, and privacy with over 80 million customers. The purpose of the MOU is to help foster the acceptability of contributions in digital assets, which Crypto.com will handle and

December 13, 2023 2 mins read