-
SEC Goes For The Knockout With Binance, But Judge Isn't Having It, Orders Mediation On Asset Freeze
Wednesday, June 14, 2023 - 3:07pm | 458A federal judge in the United States has mandated that cryptocurrency exchange Binance (CRYPTO: BNB), its U.S. branch Binance.US and the Securities and Exchange Commission partake in a mediation conference Wednesday. The aim is to negotiate and reach an agreement regarding operational...
-
Binance.US Scrambles To Avert Meltdown As SEC Asset Freeze Threatens Firm's Future
Tuesday, June 13, 2023 - 9:20am | 467The legal spat between cryptocurrency exchange Binance Holdings Ltd. and the U.S. Securities and Exchange Commission (SEC) is scheduled for a hearing before Judge Amy Berman Jackson in a federal court in Washington on Tuesday. The hearing comes as lawyers for Binance.US petition a federal...
-
Binance.US On Life Support: Market Makers Abandon Sinking Ship As Coinbase Steals The Crypto Exchange Throne
Monday, June 12, 2023 - 2:54pm | 498In the wake of the U.S. Securities and Exchange Commission's (SEC) lawsuit, Binance.US is experiencing a severe liquidity crunch, as market makers and traders have vacated the cryptocurrency exchange at an alarming rate. A research report by Kaiko revealed the liquidity on Binance.US...
-
BitGo's $1.2B Dream Shattered As Mike Novogratz's Galaxy Digital Wins Court Battle
Monday, June 12, 2023 - 2:54pm | 425Galaxy Digital Holdings (OTC: BRPHF), led by Mike Novogratz, has triumphed in a legal battle against BitGo over the latter’s $1.2 billion acquisition deal that never materialized. Quoting a document from the Delaware Chancery Court dated June 9, Bloomberg reported that Galaxy...
-
Crypto.com Slams The Door On US Institutional Clients: A Retreat Or A Rebellion?
Friday, June 9, 2023 - 3:38pm | 305Singapore-based cryptocurrency exchange Crypto.com announced on Friday its decision to suspend services for institutional clients in the U.S. beginning June 21. The suspension is attributed to subdued demand among institutional clients, which has been further exacerbated by the...
-
Binance Under Siege: Senate Titans Rally For A Justice Department Takedown
Thursday, June 8, 2023 - 1:08pm | 460Two U.S. senators, Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.), have urged the Department of Justice to look into allegations that Binance Holdings Ltd. (CRYPTO: BNB) may have been dishonest about its operations and structure in communications with lawmakers. Questions Raised About...
-
Binance.US Nukes Several Trading Pairs Amid SEC Lawsuit: What Crypto Investors Need To Know
Wednesday, June 7, 2023 - 3:36pm | 565Binance.US is suspending trading services for several crypto tokens effective Thursday in response to a lawsuit filed by the U.S. Securities and Exchange Commission. The lawsuit, which accuses the company and its management of offering unregistered securities, marks an escalation in...
-
The Hidden Puppeteer: Binance's Alleged Covert Control Over Binance.US Accounts Draws Scrutiny
Monday, June 5, 2023 - 10:13am | 717High-ranking Binance executive Guangying Chen, a trusted ally of Binance CEO Changpeng Zhao, was the principal controller of five bank accounts associated with the supposedly autonomous U.S. subsidiary of the colossal crypto exchange, Binance.US, according to disclosed bank records. Among these...
-
Putin's Sanctions List: Former Adversaries Of Trump And A Top Binance.US Official Included
Monday, May 22, 2023 - 3:05pm | 419Russian President Vladimir Putin has announced a list of 500 individuals who are now facing travel and financial restrictions, which includes BJ Kang, the head of investigations for Binance.US and a former FBI agent. This move is believed to be in response to recent sanctions imposed by the United...
-
Binance.US Shakeup: Is CFTC Lawsuit Pushing Out Founder Changpeng Zhao?
Friday, May 12, 2023 - 11:05am | 378Binance.US, along with its founder and primary stakeholder, Changpeng Zhao, has been looking into strategies to decrease Zhao's ownership in the company. Zhao, who also serves as CEO of Binance (CRYPTO: BNB), the world's largest cryptocurrency exchange, has reportedly been seeking...
-
Binance's Overzealous Compliance Efforts Leave Innocent Iranians Out In The Cold: Report
Wednesday, May 3, 2023 - 3:03pm | 437The biggest cryptocurrency exchange in the world, Binance (CRYPTO: BNB), has come under heavy regulatory and public attention for a number of reasons, including claims that it continued to do business with clients in Iran despite U.S. sanctions. What Happened: The company's efforts to increase...
-
Voyager Digital To Attempt Cryptocurrency Repayments Despite Regulatory Hurdles
Wednesday, April 26, 2023 - 3:34pm | 425Voyager Digital (OTC: VYGVQ) was caught off guard when Binance.US abruptly backed out of a $1 billion deal to purchase its assets, citing an "uncertain regulatory climate" in the U.S. According to Voyager's attorneys, Binance.US had expressed interest in closing the transaction...
-
US Government Greenlights Controversial Crypto Deal: What's Next For Voyager, Binance.US?
Thursday, April 20, 2023 - 11:05am | 433Significant components of the Voyager-Binance.US acquisition deal might be permitted to move forward even as legal appeals are being addressed, according to court documents filed Wednesday. This development arises amid growing apprehension that the buyer may withdraw from the deal. What...
-
Binance's Nightmare: Can A $1B Crypto Deal Survive A Legal Battle With The CFTC?
Monday, April 3, 2023 - 11:18am | 407A New York judge stated on Friday that the U.S. government possesses a "considerable case on the merits" in its effort to halt Binance.US's $1 billion acquisition of the assets of insolvent cryptocurrency lender Voyager. District Judge Jennifer Rearden expressed her intention to...
-
Shiba Inu, Ether And VGX Tokens: What's Happening With Voyager's Crypto Assets?
Wednesday, March 29, 2023 - 12:58pm | 499Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The assets were sent to the bankrupt cryptocurrency lender, according to on-chain data. Last month, $610 million worth of USD...