Binance, one of the largest cryptocurrency exchanges in the world, is struggling to find a bank to take its customers’ cash for its US arm. According to a recent report by Bloomberg, the exchange has been rejected by at least one major financial institution due to concerns over its regulatory compliance and reputation. This has … Read more
Binance, one of the world’s largest cryptocurrency exchanges, has been facing legal action from the US Securities and Exchange Commission (SEC) for allegedly offering unregistered securities to Americans. Now, the CEO of two Irish entities linked to the exchange has resigned from his position, amid growing regulatory scrutiny of the company. In this article, we’ll … Read more
Jakarta – Price bitcoin Binance plummeted because of rumors the CEO of the company Changpeng Zhao will be arrested by international law enforcement United States (US). Rumors of the detention spread on social media Twitter which was conveyed by one of the accounts. “Interpol notice for CZ,” wrote a tweet from the @cobie account, quoted … Read more
The regulatory body American CFTC (Commodity Futures Trading Commission) wants to ban Binance in the United States. The crypto platform is indeed facing illegal activity charges in federal court. Even though Binance denies these claims, crypto stock values appear to be impacted. Credit 123RF US regulators attack The CFTC officially brings a civil lawsuit against … Read more
Cryptocurrency entrepreneurs should consider moving to a country with favorable regulation of the bitcoin industry. This was stated by Binance CEO Changpeng Zhao during a speech in Twitter Spaces. He considers Dubai (UAE), Bahrain and France to be such jurisdictions. “If you are serious about your project, moving to a new country might not be … Read more
Binance’s banking partner, Signature Bank, will no longer process fiat dollar SWIFT payments from exchange users below $100,000. The organization wants to reduce the impact of the digital asset market on its business, reports Bloomberg with reference to the statement of the cryptocurrency platform. “One of our fiat banking partners, Signature Bank, has announced that … Read more
Cryptocurrency exchange Binance held its twenty-second quarterly Binance Coin (BNB) token burn. 2.06 million coins worth over $575 million were withdrawn from circulation. The 22nd quarterly $BNB token burn has been completed through #BNB Auto-Burn. Here’s everything you need to know about the first quarterly burn of 2023 and some words from @cz_binance ⬇️https://t.co/sIrWpnUxIL — … Read more
A group of French investors has filed a complaint against the local division of Binance for misrepresentation and non-compliance with the country’s laws. Write about it Reuters. According to the agency, customers of the bitcoin exchange have turned to the Paris prosecutor’s office. According to them, Binance conducted marketing campaigns on Instagram and Telegram before … Read more
Binance’s collateral data stated in the Mazars report is almost entirely in line with expectations. CryptoQuant experts say so. We compared Binance’s liabilities stated in the report with CryptoQuant’s on-chain metric: Binance BTC Reserve We found that Binance’s reported liabilities are very close to what we thought they would be (99%). Chart 👇https://t.co/vQIKn7ImYn pic.twitter.com/ihAyVgq6zP —CryptoQuant.com … Read more
Jakarta – CEO Binance Changpeng Zhao reportedly warned and criticized Sam Bankman-Fried for allegedly destabilizing the entire cryptocurrency industry, in a text message sent a few hours earlier FTP extensionBankman’s company, went bankrupt. In the text about the leaked Signal application, quoted detikINET of the New York Post, Zhao warned the FTX founder that if … Read more