A U.S. court has recently approved a substantial settlement against the cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao. As part of the settlement, Binance is required to pay a hefty sum of $2.7 billion, while CZ himself is ordered to pay $150 million to the Commodity Futures Trading Commission (CFTC). This decision, […]
Binance Pays $2.7B in Major Settlement, CZ Fined $150M by US Court Read More »
The Philippines’ Securities and Exchange Commission (SEC) is poised to restrict access to Binance, the world’s largest cryptocurrency trading platform, by early next year. This move is part of a broader crackdown on unlicensed online trading platforms operating in the country. The SEC’s decision to block Binance stems from the platform’s lack of registration in
What’s Behind the SEC’s Move to Restrict Binance in the Philippines? Read More »
In a pivotal leadership transition at Binance, the foremost crypto exchange globally, Changpeng “CZ” Zhao has resigned as CEO after admitting guilt to charges in the U.S., making way for Richard Teng’s ascendancy. Previously a regulator in Abu Dhabi, Teng was appointed in June to manage Binance’s regional operations outside the U.S. His rise to
Binance, the world’s leading cryptocurrency exchange, has unveiled its innovative Web3 wallet, integrating it within the widely-used Binance mobile app, primarily recognized for cryptocurrency trading activities. The announcement at the Binance Blockchain Week in Istanbul marks a significant expansion of services for Binance’s extensive user base. Changpeng “CZ” Zhao, the CEO of Binance, emphasized the
Binance Debuts Web3 Wallet for 150 Million Users Read More »
Binance, a leading cryptocurrency exchange, has taken action to freeze accounts associated with Hamas militants, following a directive from Israeli authorities. The co-founder of Binance, Yi He, clarified in a WeChat post dated Oct. 10 that this decision specifically targets Hamas, which is recognized as a terrorist organization by the United Nations, and not the
Binance Takes Action on Hamas-Linked Accounts Following Israeli Intervention Read More »
Hong Kong authorities have alerted the public about a Binance phishing scam that has affected local users. The city’s police force highlighted that 11 Binance users in Hong Kong fell victim to phishing texts. In a recent “CyberDefender” post on Facebook, the Hong Kong police stated, “Fraudsters, pretending to be Binance, sent texts urging users
Hong Kong Binance Users Hit by $446K Text Scam Read More »
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