Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao, known as CZ, have jointly filed a motion to dismiss the United States Securities and Exchange Commission (SEC) lawsuit against them. The filing, made on September 21 in the United States District Court, argues that the SEC exceeded its
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
In the midst of mounting regulatory challenges, Binance, the world’s largest cryptocurrency exchange, is grappling with a wave of high-level executive resignations. Over the past two months, the exchange has seen a series of key departures, throwing its management and strategic stability into question. The latest exits come from Binance.US,
Binance.US CEO Brian Shroder has stepped down, and Chief Legal Officer Norman Reed has been appointed to lead the company in the interim. In response to the severe regulatory crackdown by the United States SEC, Binance.US has reduced its workforce by roughly 100 employees. The U.S arm of Binance, which
In the wake of the devastating earthquake that struck Morocco, leaving countless individuals in urgent need of assistance, Binance, the world’s largest cryptocurrency exchange, is stepping up with a generous relief effort. In response to the devastation caused by the recent earthquake in Morocco, #Binance Charity will airdrop up to
In a significant move, Binance NFT Marketplace has announced it will cease support for the Polygon Network. The change takes effect on September 26, 2023, at 06:00 UTC. This decision aligns with the platform’s ongoing efforts to refine its product offerings. #Binance NFT will be discontinuing The Sandbox NFT Staking
Key results from a poll done in honor of the International Day of Charity were today released by Binance Charity, the charitable arm of the top global blockchain ecosystem Binance. In order to provide useful insights that will direct Binance Charity’s future initiatives and more closely correlate with public sentiment
Binance, one of the world’s largest cryptocurrency exchanges, has seen its fair share of controversies and ‘FUD’ (fear, uncertainty, and doubt) this year. Adding to the turmoil, Mayur Kamat, Global Head of Product, has recently resigned. Binance confirmed Kamat’s departure through the email sent to the crypto media, mentioning gratitude
Binance has burned 796 million Terra Classic (LUNC) tokens as part of its 13th LUNC burn batch. So far, the crypto exchange has burnt approximately 37 billion LUNC, while the community as a whole has burned over 74 billion LUNC. According to the transaction details on September 1st, the exchange
Binance, the world’s largest crypto exchange, has released an announcement stating that users should convert their Binance USD (BUSD) into other cryptocurrencies, including the newly listed stablecoins, before February 2024. This announcement comes after Paxos halted the minting of the new BUSD. As Paxos has halted minting of new BUSD,
