Binance’s CEO, Changpeng Zhao (CZ), thinks Bitcoin mining is the most outstanding business model ever. This observation came as news surfaced that miners were raking in record amounts of money from block rewards and transaction fees, with some days seeing earnings of over $44 million. This number exceeded the April
Binance has announced the launching of many new and improved features throughout its product suite in the months of September and October. Binance is the global blockchain ecosystem powering the biggest cryptocurrency exchange by trading volume. These changes are a part of Binance’s larger objective to provide the greatest platform user experience.
Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered
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
Changpeng Zhao (CZ), CEO of the largest cryptocurrency exchange, Binance, and its U.S. subsidiary, Binance.US, find themselves at the center of a class-action lawsuit filed by California resident Nir Lahav. The lawsuit, which was filed on October 2 in the District Court of Northern California, alleges various violations of federal
Changpeng Zhao (CZ), CEO of Binance, has responded to the concerns around Ceffu by dismissing reports that Binance’s U.S. branch is affiliated with Ceffu. Ceffu was originally known as Binance Custody, and the continuing dispute between the United States SEC and Binance-affiliated entities, especially Binance U.S, over their apparent relationship
On Monday, the United States District Court in Chicago shared a plaintiff from Commodity Futures Trading Commission (CFTC) with its defendants who are Binance and its CEO and Founder. Changpeng Zhao, the CEO tries to submit a dismissal motion for the complaint that has been filed against them. Reports portray
Binance, the world’s largest cryptocurrency exchange, has recently taken steps to address concerns surrounding departures and regulatory challenges. Amidst a period of increased scrutiny, the company made efforts to alleviate the Investor’s FUDs. CEO Changpeng Zhao (CZ) utilized Twitter to clarify the situation, shedding light on the organization’s resilience and
Major progress was apparently made in the crypto sector as the Hong Kong rating agency HKVAC published its virtual asset index. The list comprises the 30 biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This follows HSBC’s recent decision to allow Hong Kong residents to invest in Bitcoin and Ethereum
SEC Vs Crypto Industry It is a one more turbulent year for the cryptocurrency industry after the U.S Securities and Exchange Commission (SEC) sued crypto titans such as Binance and Coinbase. The SEC lawsuit related to securities violations, including the unregistered offers and sales of the respective tokens. These legal
