#binance
189 articles found
Latest
Yi He: The Untold Success Story of Binance
Yi He, a co-founder and a leading expert in business, marketing, and branding at Binance, is among the most influential women in the worldwide cryptocurrency market. However, her significant contribution to the growth of this cryptocurrency exchange isn't often acknowledged, as Changpeng Zhao (CZ) is traditionally viewed as the company's public face. 
Belgium’s Financial Services and Markets Authority (FSMA) has taken action against Binance, instructing the popular cryptocurrency exchange to immediately stop offering any virtual currency services in the country.
In a statement released on Friday, the FSMA emphasized that individuals and firms governed by Belgian law, but not belonging to the European Economic Area, are prohibited from offering exchange services involving virtual currencies and legal currencies, as well as custody wallet services.
Failure to comply with this order could result in criminal sanctions, as warned by the regulator. 
Gensler Allegedly Offered Advisory Role to Binance in 2019
Shocking revelations have surfaced regarding SEC Chair Gensler, who has been actively targeting crypto companies. It is alleged that Gensler offered advisory services to Binance’s parent company back in 2019. Lawyers representing Binance and CEO CZ have uncovered intriguing details surrounding this matter. 
New Findings Shed Light on Binance's Wrongdoings
Journalists from Reuters, drawing on insider information from Binance employees, have conducted their own investigation. Their findings suggest that Changpeng Zhao's (CZ) claims of fair competition and customer respect are at odds with the company's actions. 
Despite the ongoing rally in June, spot trade volumes in Q2 experienced a substantial decline, reaching their lowest level since 2020, according to Kaiko.
Binance saw the most significant drop in trading activity, with volumes plunging by nearly 70%.
Other exchanges such as Coinbase, Kraken, OKX, and Huobi also witnessed a decline of over 50% in trade volumes. German Regulator Denies Crypto Custody License to Binance
The German financial regulator, BaFin, has reportedly denied a crypto custody license to Binance. The decision was reported by Finance Forward, citing sources familiar with the matter. It remains unclear whether the denial was a formal decision or part of ongoing discussions between Binance and BaFin. 
SEC Seeks Court Order to Freeze Binance US Assets
In a recent development, the U.S. Securities and Exchange Commission (SEC) has requested a court to issue a temporary restraining order to immobilize assets connected to Binance.US. The request, filed in the D.C. District Court, seeks approval to freeze assets linked to BAM Management US Holdings and BAM Trading Services, the entities that hold and operate Binance.US. 
Binance Investigated by OSC Despite Canadian Departure
The Ontario Securities Commission (OSC) is not letting Binance off the hook despite the cryptocurrency exchange's decision to exit the Canadian market. Just weeks after Binance's announcement that it was pulling out of Canada due to disagreements with new regulatory rules, the OSC revealed its ongoing investigation into the platform's conduct in the country. Binance Counters Claims of Mixing Company and Client Funds
In a swift response to a Reuters report, prominent crypto trading platform Binance firmly refuted claims of impropriety in managing its clients' assets. The allegation centered on Binance purportedly infringing US banking norms by merging customer deposits with the firm's operational earnings.