Binance and CEO Plead Guilty to Federal Charges in $4B Resolution
SEATTLE – Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s…
Factbox-Highlights from US charges against crypto exchange Binance
(Reuters) – Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking criminal U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s…
Binance chief will admit violating US laws as part of $4 billion deal to resolve probe
NEW YORK (Reuters) – Binance Holdings chief Changpeng Zhao will admit violating U.S. laws as part of a deal to resolve a U.S. probe into illicit finance breaches, according to a source…
Binance global head of product Mayur Kamat resigns
(Reuters) -Binance’s global head of product, Mayur Kamat, has resigned amid a string of executive exits and job cuts at the cryptocurrency exchange, a spokesperson for the company told Reuters on Monday.…
Binance withdraws application for crypto license in Germany
(Reuters) -Binance has withdrawn its application for a crypto license in Germany, suggesting the world’s biggest cryptocurrency exchange is rethinking its immediate expansion plans amid a tough regulatory stance towards the industry.…
Binance issues cease and desist notice to “Binance Nigeria Limited”
(Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier…
Binance names Teng as head of regional markets outside US
(Reuters) – Binance has appointed Richard Teng to head its regional markets outside the United States, at a time when the world’s largest cryptocurrency exchange has been facing scrutiny from U.S. regulators…
Binance lifts block on bitcoin withdrawals amid heavy volumes
SINGAPORE (Reuters) -Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday…
Binance resumes Bitcoin withdrawals after temporary closure
(Reuters) – Crypto exchange Binance said that it has resumed Bitcoin withdrawals after a brief closure due to a congestion issue. Binance had paused withdrawal of Bitcoin, the world’s largest cryptocurrency, for…
Crypto exchange Binance expands in Argentina
By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Crypto exchange Binance, which has been sued by U.S. regulators, said on Tuesday it is expanding services in inflation-hit Argentina, allowing users to buy and…
Who is Binance billionaire Changpeng Zhao?
By Tom Wilson and Angus Berwick LONDON (Reuters) -Binance founder Changpeng Zhao could never be accused of thinking small. Even back in 2017, the year he launched the business in China, he…
Mastercard, Binance launching prepaid card in Brazil
SAO PAULO (Reuters) – Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America’s largest economy, as part of the crypto giant’s efforts to “broaden…
Binance halts FTT deposits, CEO says
(Reuters) – Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same.…
Binance CEO sees no threat to crypto from central banks’ digital currencies
By Sergio Goncalves and Catarina Demony LISBON (Reuters) – Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology and build…
Crypto exchange Binance, Musk’s co-investor, to help Twitter with blockchain
By Krystal Hu (Reuters) – Binance, the world’s largest crypto exchange that has invested $500 million into Elon Musk’s buyout of Twitter Inc, is creating a team to work on how blockchain…
Binance says it is winning crypto clients thanks to inflation
By Marcelo Rochabrun LIMA – Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies,…
Crypto exchange Binance hires former Deputy U.S. Attorney to manage legal affairs
(Reuters) – Binance on Wednesday named Joshua Eaton, a former Deputy U.S. Attorney in the Northern District of California, as the deputy general counsel of the world’s largest cryptocurrency exchange. Eaton will…
Special Report-How crypto giant Binance built ties to a Russian FSB-linked agency
By Angus Berwick and Tom Wilson VILNIUS – In April 2021, Russia’s financial intelligence unit met in Moscow with the regional head of Binance, the world’s largest crypto exchange. The Russians wanted…
Dubai grants crypto exchange Binance a virtual asset licence
DUBAI – The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from where it plans to carry out regional…
Crypto giant Binance restricts 281 Nigerian accounts
LAGOS – Binance, the world’s largest cryptocurrency exchange, has restricted the personal accounts of 281 Nigerian users, citing a need to comply with international money laundering laws, its CEO said. Changpeng Zhao…
Crypto giant Binance hopes Russia will help regional growth
By Elena Fabrichnaya MOSCOW – Binance, the world’s largest cryptocurrency exchange, wants to expand in Russia and neighbouring states where it sees prospects for new regulations that will boost its business, an…
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