According to JPMorgan, the latest agreement between Binance and U.S. regulators bodes well. Binance’s protracted legal struggle has finally come to a close, and it’s being hailed as a major victory for the cryptocurrency sector as a whole. For the crypto behemoth and its investors, this means less uncertainty moving
The cryptocurrency industry faces another major setback as Changpeng Zhao (CZ), the founder and CEO of Binance, has stepped down and pleaded guilty to breaking US anti-money laundering laws. Further, CZ agreed to the $4.3 billion settlement, which is one of the largest corporate penalties in US history, including a
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
In early 2024, Binance and Gulf Energy Development, a major energy provider in Thailand, will launch a cryptocurrency exchange in the nation. According to a filing made by Gulf Energy on the Stock Exchange of Thailand on November 15th, the Gulf Binance initiative would launch privately at first and then
Binance Japan recently revealed the inclusion of 13 new tokens to its platform for Japanese users. The token count at the exchange will rise to 47 after this modification, which is scheduled for November 27. Many well-known protocols, such as Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB), have been
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.
An overview of Turkey’s cryptocurrency scene and significant insights from Binance Blockchain Week are included in the report. Turkey has a reasonably high degree of crypto adoption, with over 40% of population having exposure to crypto. Cryptocurrency is a very popular asset class among investors. 66% of investors questioned say
For the first time in two years, the regulated Chicago Mercantile market (CME) surpassed Binance as the largest bitcoin (BTC) futures market on Thursday. According to CoinGlass statistics, CME has a higher market share than any other futures and perpetual futures exchange at 24.7%, with an open interest (OI) of
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
