U.S. District Judge Richard A. Jones dismissed Binance founder Changpeng Zhao’s (CZ) request for foreign travel on Friday, dealing him yet another setback. Before pleading guilty in November to breaking US law, Zhao had asked the court for consent to travel while out on bond. This was the second time
The Philippines SEC has reported that crypto exchange Binance has been operating illegally in the country. On November 28, the Securities and Exchange Commission (SEC) of the Philippines warned the public that Binance does not have the necessary authorization to sell or offer securities in the nation. In order to
In the wake of Binance’s former CEO Changpeng Zhao’s (CZ) resignation and reports stating that terrorists choose Justin Sun’s Tron over Bitcoin for enabling terror funding, among other things, the TrueUSD (TUSD) stablecoin depegged and fell to a low of $0.995. The current price of TUSD, after an unsuccessful repeg
In a week marred by legal upheaval, Binance, the world’s largest cryptocurrency exchange, found itself embroiled in an event that reverberated across global financial spheres. The exchange was hit with criminal charges alleging violations of sanctions and money transmitting laws, culminating in a historic $4.3 billion settlement with the U.S.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has demonstrated remarkable resilience in recent days. Amidst broader market uncertainty and fluctuations, ETH showcased a bullish rebound, defying the downward trend that affected several other coins. Over the past 24 hours, ETH surged by 4%, clawing back from recent losses and
According to a WSJ article, Binance CEO Changpeng Zhao (CZ) has decided to resign ahead of the DOJ’s announcement that it had settled with the cryptocurrency exchange for $4.3 billion. The WSJ reports that CZ plans to enter guilty pleas on many offenses brought by the Department of Justice. The
According to a report from Bloomberg citing persons involved with the talks on November 20th, the US Department of Justice (DOJ) seeks payment for more than $4 billion from Binance Holdings as part of a possible settlement of a years-long probe. Any decision to the inquiry into the corporation, and
Binance, one of the leading cryptocurrency exchanges globally, is moving significantly into decentralized finance (DeFi) with its newly unveiled Web3 wallet. This exciting development was announced at the Binance Blockchain Week conference in Istanbul. It launched with the aim of transforming how millions of users engage with the growing DeFi
A new chapter evolved in the ongoing feud between cryptocurrency industry heavyweights, renowned economist Nouriel Roubini, and Binance’s CEO Changpeng Zhao. The latest controversy stems from Roubini’s involvement in a new venture, the Atlas Climate Token, which aims to combat climate change and create accessible investment opportunities. The sparks of
Binance has burned around 760 million Terra Luna Classic (LUNC) tokens, making this the 15th batch of LUNC tokens to be burned. The overall number of LUNC burned by the cryptocurrency exchange currently exceeds 40 billion, while the total number of LUNC destroyed by the community has surpassed 76 billion.
