Binance

The U.S. federal government’s $4.3 billion settlement with Binance has paved the way for rival exchanges like Coinbase Inc (NASDAQ:COIN)  to vie for the title of crypto king. What Happened: The federal charges leading to this settlement have also forced Binance Changpeng Zhao to step...

With three decades of financial services and regulatory experience, the new CEO of Binance, Richard Teng, has made an initial statement as the company's leader. In his first blog post, Teng said “We have turned the page on Binance’s historical challenges, and we are,...

Changpeng Zhao, the founder of cryptocurrency giant Binance, is currently required to stay in the United States as a federal judge deliberates over a motion from the U.S. Department of Justice. This motion insists that Zhao should remain in the U.S. until his sentencing, which is expected early...

Bitcoin (CRYPTO: BTC) has broken the psychologically important level of $38,000 amidst the hype surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs) and the recent settlement of Binance with the U.S. Department of Justice (DoJ). Bitcoin, the world’s largest...

JPMorgan (NYSE: JPM) has expressed a positive outlook on the recent settlement between Binance (CRYPTO: BNB) and the U.S. government, highlighting its beneficial impact on both the cryptocurrency sector and the exchange itself, according to a research report released on Thursday. The report...

Prosecutors are fervently advocating for former Binance head Changpeng “CZ” Zhao to remain in the United States, expressing apprehensions about his possible flight risk. What Happened: In a filing to a Seattle federal court, prosecutors requested a revision and overrule of a judge...

Coinbase’s director J Conor Grogan, on Wednesday said Binance has the necessary financial resources to settle with the US Department of Justice (DOJ) without liquidating its cryptocurrency holdings.  What Happened: Analyzing Binance Corporate’s Proof of Reserves, Grogan pointed out...

Cryptocurrency exchange Binance has moved $3.9 billion in Tether (CRYPTO: USDT) from its cold wallet just before settling with the Department of Justice (DOJ). What Happened: According to a Decrypt report on Tuesday, this transfer took place just days prior to Binance and its CEO finalizing a $4.3...

Changpeng Zhao, popularly known as CZ, on Tuesday, announced his resignation as the CEO of Binance. What Happened: This event follows CZ’s guilty plea to federal charges, leading Binance Holdings Limited, the company behind the leading crypto exchange Binance.com, to agree to a staggering $4....

This week, Binance and its CEO, Changpeng Zhao, acknowledged breaches of anti-money laundering and U.S. sanctions laws. As part of a settlement with the Justice and Treasury Departments and the Commodity Futures Trading Commission, Zhao will step down as CEO, contributing $50 million to the...

Binance, the world’s largest cryptocurrency exchange, was fined Tuesday $4.3 billion after CEO Changpeng Zhao pleaded guilty to failing to comply with US anti-money laundering and funding of terrorism laws. At a press conference announcing the record fine, Attorney General Merrick B. Garland...

The cryptocurrency market has been in a state of flux following the recent news surrounding Binance and Changpeng Zhao's resignation as CEO. At the time of writing, Bitcoin (CRYPTO: BTC) is priced at $37,346.50, up 4.46%. Ether (CRYPTO: ETH) is priced at $2,070.85, up 7.11%. Also Read: ...

The world of cryptocurrency has been shaken by recent events surrounding Binance (CRYPTO: BNB), one of the largest and most influential crypto exchanges globally.  The exit of its CEO Changpeng Zhao and a staggering $4 billion fine have sent ripples through the industry. Benzinga...

Changpeng Zhao, the founder and former CEO of Binance (CRYPTO: BNB), was released on a $175 million personal recognizance bond. Earlier on Tuesday, Zhao admitted in court to breaching the Bank Secrecy Act. U.S. authorities accused him of instructing Binance to permit American customers to...

Cryptocurrency platform Binance, founded in 2017 by Changpeng Zhao, is one of the leading cryptocurrency platforms. Here's a look at how Zhao's wealth changed in recent years and how his resignation from Binance could impact his fortune. What Happened: On Tuesday, Nov. 21, Changpeng Zhao stepped...