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Cryptonews Tags Binance

# Binance (Page 39)

Binance Seeks to Deregister Cyprus Entity Amid Upcoming EU MiCA Rules
Binance, the world’s largest crypto exchange by trading volume, is seeking to delist itself from the register of authorized crypto asset service providers (CASPs) in Cyprus in order to focus its efforts on complying with the EU’s Markets in Crypto-Assets (MiCA) regulation.The move by...
, by Fredrik Vold
SEC Crackdown on Crypto: Harsh Realization or Necessary Clarity?
The cryptocurrency industry has been under huge pressure since the price of Bitcoin plunged from its all-time high of $69,000 in late 2021. A string of alleged frauds, financial contagions, and security breaches, along with the collapse of some high-profile trading and...
, by Ruholamin Haqshanas
Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise
Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market.As of June 14, 2023, the company has introduced its 'Send Globally' service to the third-largest country in Latin...
, by Lockridge Okoth
Binance.US and SEC Working on a Deal to Avoid Total Asset Freeze – Here’s What You Need to Know
Binance.US and the US Securities and Exchange Commission are trying to reach a solution in order to avoid a total asset freeze.According to a report from Bloomberg, US District Judge Amy Berman Jackson announced Tuesday that the two sides “aren’t that far apart” on ways to protect...
, by Ruholamin Haqshanas
Binance Lawyers Push Back Against US SEC Claims That Binance.US Customer Assets Are at Risk
Attorneys for Binance.US and Binance CEO Changpeng Zhao argued that the US Securities and Exchange Commission’s temporary restraining order to freeze its assets should be denied. There is no risk to customer assets, the lawyers said on Monday in a court filing ahead of a Tuesday hearing...
, by Sarah Wynn
Binance.US Adds to Its Legal Defense in Wake of SEC Lawsuit: Bloomberg News
Binance.US has bulked up its legal expertise and added four lawyers to fight recent charges from the US Securities and Exchange Commission. One of those lawyers includes former co-director of the SEC’s enforcement division, George Canellos, according to Bloomberg News.Canellos was also...
, by Sarah Wynn
Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown
In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchange. The American...
, by Jaroslaw Adamowski
Binance Faces Regulatory Hurdle in Nigeria: Ordered to Cease Operations
Binance, the world's largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country's Securities and Exchange Commission (SEC). In a recent statement, the regulator declared the operations of Binance "illegal" in the West African nation,...
, by Ruholamin Haqshanas
Binance CEO Condemns Leaked Chat Logs, Acknowledges Significant ‘Damage’
Binance CEO Changpeng Zhao has condemned the move by the US Securities and Exchange Commission to leak employee chat records. In a letter to employees, CZ called the use of chat logs by the SEC "ridiculous," according to a translated copy of the memo shared by Odaily Planet Daily on...
, by Ruholamin Haqshanas
US Sen. Elizabeth Warren Says Binance Lied to Congress in Letter to DOJ Asking for an Investigation
Long-standing crypto skeptic Sen. Elizabeth Warren is asking US Department of Justice Attorney General Merrick Garland to investigate whether Binance lied to Congress.The Democrat from Massuchesetts and Sen. Chris Van Hollen, D-Md. said Binance may have violated the law when it told lawmakers that...
, by Sarah Wynn
SEC Chair Gary Gensler Tried To Land a Job at Binance, the Exchange’s Lawyers Allege
Before becoming head of the US Securities and Exchange Commission, Gary Gensler offered to serve as an adviser for Binance, according the crypto exchange, which is now facing heat from the regulator.In a letter directed towards the SEC’s division of enforcement, counsel for Binance and the...
, by Sarah Wynn
US Justice Department Objects to Bittrex’s Plan To Repay Customers in Bankruptcy Proceedings
The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan. Bittrex filed for bankruptcy in May in a federal court in Delaware after facing scrutiny from both the Justice Department and the US Securities and...
, by Sarah Wynn
Documents Reveal Binance.US Suffered a $181 Million Loss in 2022
Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.The loss came despite Binance.US receiving some $132 million last year from its parent company BAM...
, by Fredrik Vold
SEC Chair Argues That It Is Possible for Crypto Platforms To Register Following Lawsuits Against Coinbase and Binance
Securities and Exchange Commission Chair Gary Gensler laid into the crypto industry on Thursday, arguing that it is possible for exchanges to register with the agency, despite platforms’ assertions that they tried to do just that. “I disagree with the notion—and recent...
, by Sarah Wynn
‘Large Amounts of Money’ Flowed in Binance Related Accounts: SEC Accountant Says
An accountant for the US Securities and Exchange Commission says crypto exchange Binance, CEO Changpeng Zhao and related entities moved “large amounts of money” from 2019 up to this year.Binance and its entities held numerous accounts with the now failed Silvergate Bank and Signature...
, by Sarah Wynn
Litecoin Price Pumps to Over $6 Billion Market Cap – Analysts Tip This Utility Coin for Gains Next
Despite not having been named by the US Securities and Exchange Commission (SEC) as a crypto security in the agency’s double whammy of lawsuits against Binance and Coinbase announced earlier this week, the Litecoin (LTC) price is struggling. LTC/USD was last changing hands in the $87 area, down...
, by Michael Davis
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