Uniswap revealed that the SEC issued a Wells notice to the firm, citing that the regulatory body warns of potential enforcement action against the crypto exchange.
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A federal court has directed Binance to pay a $2.7B penalty to the Commodity Futures Trading Commission (CFTC), bringing an end to the legal feud between the regulator and the crypto exchange.
Binance has agreed to sell off its Russian business to the recently launched crypto exchange CommEx as the firm intends to quit the Russian crypto market.
Changpeng Zhao quashed the rumors of Binance delisting stablecoins by June 30, 2024, noting the comments made by the exchange’s representative were taken out of context.
Binance.US CEO Brian Shroder has left the exchange while its regulatory troubles show no sign of letting up. Norman Reed, the Chief Legal Officer of Binance.US, will succeed Shroder as the interim CEO.
Crypto.com secured registration approval from De Nederlandsche Bank (DNB) weeks after Binance exited the Netherlands after failing to register with the regulators.
Binance has completed the integration of Bitcoin on the layer-2 protocol Lightning Network to enable faster BTC deposits and withdrawals for its clients.
OKX submitted the DASP license application to obtain regulatory approval from French regulators Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR).
The Australian Securities and Investments Commission (ASIC) revoked Binance Australia’s financial services license following a targeted review of the exchange’s operations.
Dubai’s Virtual Assets Regulatory Authority asked Binance to disclose details about its board procedures as the regulators tighten the application process for the operational license.
A recent court document claimed that Voyager and its creditors may lose $10M every month if the bankrupt lender fails to close its deal with Binance.US by April 13.
Boies Schiller Flexner and Moskowitz Law Firm sued Binance, its CEO Changpeng Zhao, and three crypto influencers for unlawful promotion of unregistered securities.
Binance CEO Changpeng Zhao denied the accusations made by the CFTC's complaint. According to him, the regulatory agency's complaint was an “incomplete recitation of facts."
Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.
Binance has upgraded its Proof-of-Reserves system to allow users to verify their assets for 11 new tokens. This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.
Binance will employ a semi-automated process for managing the reserves of its issued tokens following reports about the exchange’s mismanagement of B-token reserves.
Binance Research has revealed that only 31% of Ether stakers are in profit while the rest are underwater. Most of the ETH holders in profit staked in December 2020 when the Beacon Chain was launched.
Binance is ready to pay monetary penalties to US regulators to make amends for past regulatory violations. The exchange claims it grew quickly and was unaware of the laws and regulations to prevent money laundering and corruption.
Binance and Huobi have frozen $1.4M worth of crypto assets stolen by North Korean hacking group, Lazarus. The exchanges were able to suspend the accounts linked to Lazarus thanks to the findings of Elliptic.
Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins.
Justin Sun, the founder of TRON, announced that the firm is working with Binance to reduce the withdrawal fees on TRON tokens following a fee hike on Binance's platform.
Binance has integrated zk-SNARKs into its PoR system. This is a continued effort to promote transparency in the industry and regain users’ trust. Also, four tokens were added to the system.
Leon Foong, Binance’s head of Asia-Pacific, claimed that a comprehensive audit of the exchange’s reserves will take time due to the steep learning curve associated with auditing crypto firms.
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Binance reported that Mazars has stopped offering services to crypto exchanges. The auditing firm removed the web pages that showed its Proof-of-Reserves (PoR) audits conducted on Binance, Crypto.com, and KuCoin's reserves.
Mithril had asked Binance for a 200,000 BNB ($53M) refund after the exchange delisted its token. Binance delisted Mithril after its review showed the project was not meeting up with the exchange’s standards.
In a recent Twitter Space discussion, Changpeng Zhao claimed that investors are more likely to lose their crypto assets by keeping them in private wallets instead of centralized exchanges.
Binance's clients withdrew over $1.9B from the exchange in the last 24 hours. The $1.9B figure marks the highest volume withdrawn from Binance within a day since June.
Binance has finally re-entered Japan with its SEBC acquisition deal. The exchange is now a JFSA-regulated entity offering crypto-regulated services in Japan.
Ron Wyden, the Chairman of the Senate Finance Committee, sent letters to the CEOs of six crypto exchanges asking them to reveal the measures they use to protect clients' funds.
After Binance moved 127K Bitcoin tokens to an unknown wallet, Changpeng Zhao claimed that the transaction was a part of the exchange's Proof-of-Reserves (PoR) audit.
Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.
Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.
Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.
Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.
Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.
The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.
BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.
According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.
BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.
Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.
Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.
Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.
Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.
Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.
The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.
BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.
According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.
BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.
Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.
Binance has officially launched mining services for Ethereum PoW miners. It is running a one-month promotion in which miners can enjoy zero fees on all earnings. However, this does not guarantee the listing of ETHW.
After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.
WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.
In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.
India's Enforcement Directorate (ED) lifted the sanctions it had earlier imposed on WazirX’s bank accounts, allowing the latter to resume its services.
With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.
In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.
The OFSI updated its guidelines to force all “cryptoasset exchange and custodial wallet providers” operating in the UK to report suspected sanction violations to the regulatory firm.
Voyager's native token, VGX, saw a sudden rise as its value surges by over 125% within 24 hours while rumors of the platform's buyout begin to circulate.
Crypto exchange Binance restricts Tezos developer Baking Bad’s $1M worth of crypto assets over a law enforcement request. Additionally, Binance accuses the Tezos tool contributor of misleading the community with its false claims.
The perpetrators behind one of the largest crypto hacks allegedly used Tornado Cash as one of the several means to conceal the transactions and transfer the $625M worth of USDC and Ethereum tokens to the Bitcoin network.
