-
Binance Secures Major Win With Dubai Crypto License After Changpeng Zhao Surrenders Voting Power
Thursday, April 18, 2024 - 9:54am | 532In the wake of co-founder Changpeng Zhao’s departure, Binance, the world’s leading cryptocurrency exchange, has secured a pivotal regulatory license in Dubai. What Happened: Binance was awarded its Virtual Asset Service Provider (VASP) license after Zhao gave up his voting power in...
-
Binance Has 'Moved Past' Its Old Ways, Says CEO Richard Teng
Tuesday, April 9, 2024 - 10:56am | 497Binance, the world’s largest cryptocurrency exchange by trading volume, is making a concerted effort to shed its past reputation and embrace regulatory compliance. What Happened: Speaking at the Paris Blockchain Week on Tuesday, Binance CEO Richard Teng reflected on the company’s...
-
Changpeng Zhao Launches A New Project After Stepping Down From Binance: 'No New Tokens'
Tuesday, March 19, 2024 - 2:53am | 608Changpeng Zhao, the co-founder and once the head of Binance, shared news of his latest venture, Giggle Academy, on Monday. What Happened: He described it as a fun and free way for kids to learn, calling the platform “gamified, adaptive.” My next project. @GiggleAcademy (No...
-
Binance Co-Founder Changpeng Zhao's Sentencing Reportedly Delayed As Prosecutors Postpone Hearing
Tuesday, February 13, 2024 - 12:39am | 512The sentencing of Changpeng “CZ” Zhao, the co-founder of cryptocurrency exchange Binance, has been reportedly postponed. What Happened: Zhao’s sentencing, has been delayed by U.S. prosecutors to April 30, reported CNBC, citing a notice on Monday in Seattle federal court. Zhao was...
-
Families, Ex-Hostages File Lawsuit Against Binance, Changpeng Zhao For Allegedly Providing 'Substantial Assistance' To Hamas Terrorists
Thursday, February 1, 2024 - 1:16am | 503Three families struck by the tragedy of the Oct. 7 Hamas attack in Israel have initiated legal action against the crypto exchange Binance and its former CEO Changpeng Zhao. What Happened: The families, which include former hostages, relatives of victims, and the estate of a slain doctor, have...
-
Binance's Changpeng Zhao Refused UAE Trip By Judge Despite Offering $4.5B Equity As Guarantee
Thursday, January 25, 2024 - 12:32am | 445Changpeng Zhao, the founder of cryptocurrency exchange Binance, faced a refusal from a federal judge last month to travel to the United Arab Emirates, despite offering a $4.5 billion equity as a guarantee for his return to the United States, reveals a new filing. What Happened: This equity value is...
-
Changpeng Zhao Is Out, But Yi He Stays: Inside The Unseen Power Of Binance's Co-Founder
Wednesday, January 3, 2024 - 2:10pm | 534Despite the upheaval at Binance following Changpeng Zhao's guilty plea to anti-money-laundering violations, the company's little-known co-founder, Yi He, remained a prominent figure. Even while the U.S. Department of Justice (DOJ) sought her exit alongside Zhao...
-
World's Top 10 Richest People Gained More Wealth In 2023 Than Walmart's Total Value: How Elon Musk, Jeff Bezos And Others Fared
Tuesday, January 2, 2024 - 12:06pm | 971Billionaire Elon Musk regained the title of world's richest person to end the 2023 year, after a move back to first place in February and again in May. Musk and the other nine richest people in the world all saw their wealth grow dramatically in 2023 thanks to a strong stock market and soaring...
-
Binance Founder Changpeng Zhao Blocked Again From Leaving US Ahead Of His February Sentencing
Saturday, December 30, 2023 - 12:24am | 456Binance (CRYPTO: BNB) founder and former CEO Changpeng Zhao has been denied travel permission by a U.S. judge for the second time, ahead of his sentencing in February 2024 for banking law violations. What Happened: U.S. District Judge Richard A. Jones refused Zhao’s plea to travel while he...
-
CFTC Chairman Rostin Behnam Signals Possible Jail Time For Binance Founder Changpeng Zhao: Here's Why
Thursday, December 14, 2023 - 4:28pm | 436Shedding light on the complexities of cryptocurrency regulation and the consequential legal actions against Binance founder Changpeng Zhao, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam on Thursday said the crypto mogul could eventually serve jail time. In an interview...
-
Binance Fights SEC Allegations, Cites Lack Of 'Howey Test' Criteria In Lawsuit
Wednesday, December 13, 2023 - 1:36pm | 517Crypto exchange Binance, its U.S. counterpart Binance.US, and founder Changpeng Zhao have contested the U.S. Securities and Exchange Commission's (SEC) allegations, arguing that the financial watchdog failed to establish the criteria of the "Howey Test" in its lawsuit...
-
Binance's Market Dominance Plummets To 30% Amid Regulatory Challenges In 2023
Tuesday, December 12, 2023 - 3:04am | 375In a notable development, the world’s leading cryptocurrency exchange, Binance, observed a significant dip in its market share in 2023, down to 30%. What Happened: As per a report by CoinDesk, regulatory hurdles and top-level exits contributed to Binance’s market share falling from 55%...
-
Vivek Ramaswamy Thinks Penalizing Tornado Cash Mixer Was 'Illegal And Unconstitutional'
Tuesday, December 12, 2023 - 2:35am | 503U.S. Presidential candidate Vivek Ramaswamy on Monday argued that the Treasury Department overstepped its jurisdiction when it sanctioned the crypto mixer Tornado Cash. What Happened: Republican contenders Asa Hutchinson and Ramaswamy joined Democrat Dean Phillips in a discussion about the future...
-
Binance Founder Changpeng Zhao Barred From Traveling To UAE, Must Remain In US Until Sentencing
Thursday, December 7, 2023 - 11:14pm | 531Changpeng Zhao, famously known as CZ, and the architect of cryptocurrency exchange Binance, has been restricted from traveling back to the United Arab Emirates. What Happened: The decision stems from Zhao's guilty plea to charges related to breaching the Bank Secrecy Act. With his sentencing set...
-
Ramaswamy Criticizes Regulatory Failures In Final GOP Debate, DeSantis Says CBDC Would Be 'Dead On Arrival' If He Is Elected President
Thursday, December 7, 2023 - 12:23am | 709At the University’s debate in Tuscaloosa, Republican candidates spoke about cryptocurrency regulation, Central Bank Digital Currency (CBDC), and its potential dangers. What Happened: Eliana Johnson of the Washington Free Beacon probed candidate Vivek Ramaswamy regarding his advocacy for...