Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023. The ...
Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...
On July 27, 2023, attorneys representing Binance and its CEO, Changpeng Zhao filed a motion to dismiss the lawsuit filed both parties by the U.S. Commodity Futures Trading Commission (CFTC). The attorneys claimed that the lawsuit is CFTC's attempt to extend its regulatory authority beyond the United States and exert ...
Caroline Pham, a commissioner of the Commodities Futures Trading Commission (CFTC), has said that the recent legal victory of Ripple against the U.S. Securities and Exchange Commission (SEC) would pave the way for regulatory clarity in the U.S. cryptocurrency industry. In an interview with Bloomberg TV on July 17, 2023, ...
If you're reading this, chances are you're familiar with, own, invest in, or actively trade cryptocurrencies. Now, if you fall into any of the last three categories and are asked to participate in a survey asking about the real-life uses and economic classification of the tokens you're holding, how well ...
Cboe Digital has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) to offer margined futures contracts for Bitcoin (BTC) and Ether (ETH) to its customers in the United States. Today the CFTC approved Cboe Clear Digital, LLC to clear margined digital asset futures. Learn more: https://t.co/tWLd2F7E2h — CFTC ...
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 ...
Cornelius Johannes Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI), has been fined a record fee of $3.4 billion by a Texas District Court Judge for his role in a Bitcoin fraud scheme. The Commodity Futures Trading Commission (CFTC) released a press statement on the ruling on April ...
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 ...
