Binance.US

Changpeng Zhao stepped down Tuesday from his role as the chairman of the board of directors of Binance.US, the American arm of the global cryptocurrency exchange Binance (CRYPTO: BNB). This move comes on the heels of a series of settlements and regulatory actions involving Binance....

The U.S. Securities and Exchange Commission (SEC) continues its probe into Binance (CRYPTO: BNB) and its founder Changpeng Zhao for possible control over assets on the Binance.US platform. In June, the SEC accused both entities of running unauthorized securities exchanges, focusing on the...

Bitcoin (CRYPTO: BTC) self-custody firm CASA CEO Nick Neuman on Thursday voiced concerns regarding what he said are unusual activities surrounding global cryptocurrency exchange Binance and its U.S. affiliate Binance.US. Stressing the criticality of self-custody in wealth...

Binance.US has altered its terms of use. The exchange now prohibits the direct withdrawal of U.S. dollars from its platform. According to an update posted by the exchange on Monday, users wishing to pull out their U.S. dollar funds must first convert these into stablecoins or other digital assets...

A former Alameda Research employee recently discussed how an event lead to a dramatic 87% drop in Bitcoin's (CRYPTO: BTC) value back in October 2021 — less than a year before Alameda and FTX went bankrupt. The plunge, which saw Bitcoin plummet from $65,000 to a mind-numbing $8,000 on...

The Securities and Exchange Commission (SEC) on Monday raised concerns about Binance.US's asset collateralization practices. A court filing reveals that Binance US's auditor had difficulties ensuring the company was "fully collateralized at specific points in time." The SEC's...

The U.S. Securities and Exchange Commission (SEC) intensified its call for a Washington, D.C., court to greenlight an investigation into Binance.US. This move followed the SEC's earlier claims that Binance.US did not provide the necessary documents in the ongoing legal battle. The...

The Securities and Exchange Commission (SEC) has accused crypto exchange Binance.US of not fully cooperating with its ongoing investigation. The SEC's concerns primarily revolve around the safety and protection of U.S. investors' assets on the platform. The filing highlights the...

Crypto exchange Binance.US is witnessing the exit of two more top-tier executives following the recent departure of its CEO, Brian Shroder. The latest to leave are Krishna Juvvadi, the head of Legal, and Sidney Majalya, the chief risk officer, the Wall Street Journal reported.  Juvvadi...

Binance is seeking court protection against the U.S. Securities and Exchange Commission (SEC), alleging that the regulator is on a "fishing expedition" through its extensive discovery demands. The firm contends in a court document, dated Aug. 14, that it complies in earnest with a court...

Crypto exchange Bittrex reached a settlement over allegations of providing U.S. investors with access to unregistered securities. The agreement entailed a $24 million penalty, to be paid following the submission of the exchange's liquidation plan. Earlier this year, the SEC took legal...

Binance, one of the world’s largest cryptocurrency exchanges, has reportedly laid off over 1,000 employees in recent weeks, marking a significant reduction in its global workforce, raising questions about the exchange’s future. The layoffs, which are still ongoing, could result in...

Bitcoin (CRYPTO: BTC) on Sunday faced a price discrepancy on the Binance.US crypto exchange, trading at a discount of nearly $3,000 compared to global spot prices.  What Happened: This discount presents an appealing opportunity for traders to acquire Bitcoin at a significantly lower rate....

Bitcoin (CRYPTO: BTC) spiked to approximately $138,000 on the Binance.US cryptocurrency exchange today. What Happened: The surge, which occurred specifically in the Bitcoin/Tether trading pair, happened at 6:50 a.m. UTC. It lasted mere seconds before prices realigned with other Bitcoin spot markets...

Binance's U.S. affiliate, Binance.US, has reportedly conducted a series of layoffs following recent regulatory charges and asset freeze requests by the Securities and Exchange Commission (SEC). Quoting sources, Reuters reported that around 50 people have been laid off, with the affected...