Crypto giant Binance signed a nonbinding agreement on Tuesday to buy FTX’s non-U.S. unit to help cover a “liquidity crunch” at the rival exchange, in a stunning bailout that raised fresh concerns among investors about cryptocurrencies. The deal between high-profile rivals Sam Bankman-Fried, FTX’s CEO, and Binance CEO Changpeng Zhao came as speculation about FTX’s […]
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U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The Justice Department’s money laundering section asked Binance to voluntarily hand over messages from Zhao […]
India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million). “We have been fully […]
Binance, the world’s biggest cryptocurrency exchange by trading volumes, said on Thursday it has signed a partnership with Cristiano Ronaldo for the promotion of non-fungible tokens (NFTs). As part of the multi-year agreement, the Portuguese soccer star and Binance will create a series of NFT collections for sale on the company’s platform, the cryptocurrency exchange […]
Cryptocurrency exchange Binance’s Chief Executive Officer, Changpeng Zhao, said on Thursday that volumes on the exchange so far in 2022 were similar to the $34 trillion it had in 2021. “So far this year, we are about the same,” he told the VivaTech conference in Paris, adding Binance traded around $120 billion on June 15. […]
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms […]
Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering. Binance said […]
The cryptocurrency market gets likened to the Wild West by critics, and now a key player is asking for sheriffs to come to town. Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it’s time for global regulators to establish rules for crypto markets. It released a list of “10 fundamental rights […]
U.S. Commodity Futures Trading Commission (CFTC) sharpens its regulatory gaze as it initiated a condensed investigation into cryptocurrency trading platform Binance Holdings Ltd. for probable crypto exchange abuse for insider trading and market manipulation, according to Bloomberg. It seems that even though not everyone can stand its probing scrutiny, the U.S. is feeding its recently found […]
On Tuesday, Cryptocurrency trading platform, Binance revealed that it had hired Greg Monahan, a former IRS criminal investigator as the platform’s Global Money Laundering Reporting Officer (GMLRO), to investigate crypto money laundering allegations. As it bets on reinforcing its existence in the digital currencies market, Binance played its latest card to reinvent itself as a […]