Binance.US CEO and primary shareholder, Changpeng Zhao, is reportedly exploring options to reduce his stake in the company amid ongoing legal challenges. According to sources familiar with the matter, Zhao has been attempting to sell a portion of his controlling stake since the second quarter of 2022. Some of the ...
Binance, a leading cryptocurrency exchange, is set to reenter the Japanese market through its acquisition of Sakura Exchange Bitcoin (SEBC), a Japanese crypto exchange platform. SEBC will cease its crypto exchange and brokerage services by May 31, 2023. The exchange users are required to withdraw their funds by May 28. ...
Changpeng Zhao, CEO of cryptocurrency exchange Binance, has disputed recent media reports about his net worth. Bloomberg's The New Finance Rich List had estimated his net worth at $28.2 billion, placing him among the world's wealthiest billionaires. However, Zhao dismissed these figures as incorrect and tweeted that his net worth ...
Binance's Chief Strategy Officer, Patrick Hillman, has accused Samuel Bankman-Fried (SBF) of spreading false and discriminatory rumours about Binance's CEO, Changpeng Zhao (CZ), prior to the collapse of Bankman-Fried's cryptocurrency exchange, FTX. Hillman alleged that Bankman-Fried relied on portraying Zhao as an "evil Chinese" to carry out his scheme successfully, ...
Bankrupt crypto lender, Voyager Digital, has reached an agreement with the US government, allowing the sale of its assets to Binance US for $1 billion. The agreement, documented in an April 19 filing in a New York District Court, involved Voyager, the Official Committee of Unsecured Creditors, and the US ...
The Australian Securities and Investments Commission (ASIC) has terminated the license of Oztures Trading Pty Ltd, which trades as Binance Australia Derivatives, following a focused investigation into Binance's activities in the country. A statement released by ASIC has revealed that as of April 14, 2023, customers of Binance Australia Derivatives ...
Binance, the world's largest cryptocurrency exchange, has experienced a decline in its market share of trading volume among other exchanges in the past few weeks. According to Kaiko, a blockchain analytics platform, Binance's market share of trade volume decreased by 16% and was at 54% by the end of Q1 ...
Source: Coinmarketcap The crypto market faced a major setback when the U.S. Commodity Futures Trading Commission (CFTC) announced that it was taking legal action against Binance, the world's largest cryptocurrency exchange. On Monday, March 27, the CFTC filed a lawsuit against Binance and its founder, Changpeng Zhao, alleging that the ...
Nearly one billion dollars in cryptocurrency reportedly left the wallets of the crypto exchange platform Binance, as the U.S. Commodity Futures Trading Commission (CFTC) indicted Changpeng Zhao, the platform's CEO, and the platform itself for regulatory violations. Thanefield Capital's data research revealed an unprecedented surge in the withdrawal of funds ...
Binance, the world's largest cryptocurrency exchange, is taking big steps to increase its global reach by establishing a regional hub in Georgia. This move aims to expand the company's talent pool, promote blockchain education, and accelerate the adoption of cryptocurrencies in Eastern Europe and Western Asia. Currently, Binance Georgia has ...
