Binance Holdings Ltd., the world’s largest cryptocurrency exchange, will hire 1K new employees this year. Binance is significantly focusing on expanding its compliance team. This hiring spree comes as the company’s spending on regulatory compliance exceeds $200 million annually. Richard Teng, the CEO of Binance, shared these plans during an
Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in
The North Dakota state financial watchdog has joined seven others in revoking Binance US’s money transmitter license. On June 17, Commissioner Lise Kruse of North Dakota’s Department of Financial Institutions (DFI) said that BAM Trading Services, doing business as Binance US, had violated the money transmitter rules of the state.
The crypto market has been extremely volatile in recent days, with Bitcoin (BTC) dipping as much as 8% to $56,814 on May 1. However, ETFSwap (ETFS) stands out with its presale, which has raised over $300,000 and continues to attract interest from institutional and retail crypto investors alike. The Month
In the first quarter of 2024, the crypto sphere found itself navigating turbulent waters, with Bitcoin’s highly anticipated halving event failing to produce the expected bullish momentum. The onset of may brought with it a continuation of this bearish sentiment, as Bitcoin plummeted to a two-month low of $56,486, marking
In a significant demonstration of community backing, over 30,000 on-chain users have voiced their support for Changpeng Zhao (CZ), the founder of Binance, through a decentralized opinion poll on AlphaorBeta. This poll, powered by Opinion Labs, sought insights on whether CZ’s contributions to the cryptocurrency world outweigh his past regulatory
Medellin, Colombia, April 29th, 2024, Chainwire Stooges, a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale. BitMart Exchange, a top-20 CEX, has already confirmed the coin’s upcoming listing, which should occur before its launch. Following the announcement, the Stooges’ team noticed
U.S prosecutors submitted a court filing alleging that Binance founder Changpeng Zhao violated anti-money laundering rules (AML) and recommended a 36-month jail sentence for Zhao. The most recent information is that on April 30, Zhao, who resigned as Binance head in November of last year, would be sentenced. A maximum
In a strategic move reflecting its evolving identity and commitment to the cryptocurrency community, CZOL, formerly known as CZolana, is excited to announce its official rebranding along with the launch of a significant airdrop campaign. This initiative aims to deepen community engagement and honor the indelible impact of Changpeng Zhao
Solana’s ascent in the crypto realm is undeniable, and SOL-based meme coins are seizing the spotlight. Titans like $WIF and $BOME are cementing their positions, while new entrants aim to challenge the established order. As the bull market gains momentum, investors are scouting for the next meme coin sensation set
