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CryptoCurrency

Cristiano Ronaldo "CR7" Grapples with $1B Lawsuit over Binance Endorsement

  • The plaintiffs have accused Ronaldo of endorsing Binance.
  • Last year, the crypto exchange unveiled the "CR7" collection of non-fungible tokens.
by Jared Kirui
CryptoCurrency

Binance.US Distances Itself from Legal Turmoil Involving Global Exchange and Zhao

  • Zhao has resigned as Chairman of the Board of Directors at Binance.US.
  • A federal judge in the US has issued a ruling restricting Zhao from exiting the country.
by Jared Kirui
CryptoCurrency

Binance's Former CEO Faces Sentencing: US DOJ Addresses Flight Risk Concerns

  • The Justice Department argues that CZ should stay in the US until sentencing.
  • The DOJ has opposed the decision to allow CZ to travel to the UAE.
by Jared Kirui
CryptoCurrency

Binance Shrinks, Coinbase Expands in Shifting Bitcoin Reserves

  • The outflows on Binance reflect the legal tussle facing the crypto exchange.
  • Recently, Binance experienced outflows exceeding $1 billion within a day.
by Jared Kirui
CryptoCurrency

Prosecutors Move to Stop Binance's Founder Zhao from Leaving the US

  • Changpeng Zhao signed a $175 million personal recognizance bond agreement.
  • He lives in the UAE, a country without an extradition treaty with the US.
by Arnab Shome
Executives

Binance CEO Changpeng Zhao to Step Down in $4B DOJ Settlement: Report

  • Zhao has admitted to breaching anti-money laundering laws in the US.
  • The allegations involve permitting sanctioned individuals to trade on Binance.
by Jared Kirui
CryptoCurrency

Binance.US Clashes with SEC in Ongoing Probe: Denies Use of Ceffu

  • The SEC is investigating Binance’s custody (Ceffu) amid concerns over asset transfers.
  • Binance.US has denied using Ceffu or Binance Custody, contradicting prior claims.
by Jared Kirui
CryptoCurrency

Binance Allegedly Used Sanctioned Banks for P2P Crypto Transfers in Russia

  • The exchange has denied the report.
  • It quietly lifted restrictions on Russians, according to an earlier report.
by Solomon Oladipupo
CryptoCurrency

Binance Takes On CFTC with Plans to Seek Dismissal of Lawsuit

  • The regulator sued the exchange and its CEO for allegedly violating the Commodity Exchange Act.
  • Binance is expected to respond to the complaint on July 27.
by Jared Kirui
CryptoCurrency

Binance Loses Top Executives amid Regulatory Challenges

  • The exchange's Chief Strategy Officer, Hillmann, is among those exiting the company.
  • Changpeng Zhao has dismissed the speculations around the departures.
by Jared Kirui
CryptoCurrency

Binance.US Wants to Acquire Bankrupt Crypto Lending Platform Voyager

  • The information was confirmed on Thursday by Binance's CEO.
  • CZ states his cryptocurrency exchange is not a Chinese company.
by Damian Chmiel
News

Bitcoin Continues to Trade Sideways as Q1 Draws to a Close

  • Bitcoin's price has stayed fairly consistent over the past several weeks. What's next for BTC?
by Rachel McIntosh
News

Binance Signs Partnership with Ugandan Blockchain Organisation

  • Changpeng Zhao wants to "support Uganda's economic transformation and youth employment through blockchain".
by Simon Golstein
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