Archives

August 6, 2023 @ 6:03 pm By Omar Faridi  |  

Binance says it is pleased to announce the appointment of our former Global Head of Corporate Compliance Kristen Hecht as their new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at Binance. As noted in a blog post, Kristen reportedly “brings… Read More

August 3, 2023 @ 9:22 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues and appears to be operating in jurisdictions where crypto services are banned, is pleased to announce the launch of Binance Japan, their new platform “designed for the Japanese market.” Binance says… Read More

August 2, 2023 @ 10:30 am By Omar Faridi  |  

Binance, which claims to be the world’s largest virtual currency exchange, was expected to leave China behind when the nation officially made cryptocurrency trading illegal back in 2021. Two years later, clients have reported traded $90 billion worth of crypto-focused assets in China during a… Read More

July 31, 2023 @ 4:16 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce that their Dubai subsidiary, Binance FZE, has reportedly become the first exchange “to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority… Read More

July 28, 2023 @ 3:25 pm By Omar Faridi  |  

First Digital Group, which includes First Digital Trust, one of Asia’s leading qualified custodians and a registered trust company headquartered in Hong Kong, announces that its stablecoin, First Digital USD (FDUSD), “issued under the entity FD121, will debut and list on Binance, the world’s largest… Read More

July 22, 2023 @ 3:48 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

July 14, 2023 @ 6:45 pm By Omar Faridi  |  

Binance, which is being sued by US regulators for a wide range of issues, is pleased to announce the appointment of their own Eleanor Hughes as Binance’s General Counsel. In her new role, Eleanor will “oversee the company’s global legal affairs alongside a team of… Read More

July 14, 2023 @ 9:07 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which is being sued by US regulators for a wide range of issues, has committed $15 million into Xterio, a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games… Read More

July 7, 2023 @ 11:15 am By JD Alois  |  

There have been multiple reports that four top executives have exited Binance in rapid succession. Several reports claim that these departures are due to the regulatory challenges Binance is experiencing – most pointedly, the fact that Binance is being sued by the US Securities and… Read More

July 3, 2023 @ 3:14 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain and cryptocurrency infrastructure provider (and is being sued by US regulators for a wide range of issues), is pleased “to announce the appointment of Min Lin as Head of Latin America.” In this new role, Lin… Read More

July 1, 2023 @ 4:29 pm By Omar Faridi  |  

Institutional users recognize the long-term potential of crypto assets, according to a recent report by Binance Research which surveyed 208 respondents on their attitudes, preferences, and motivations toward cryptocurrency investments. Positive and Long-Term Outlook On Crypto as an Alternative Asset Class The Institutional Crypto Outlook… Read More

June 29, 2023 @ 8:49 am By Omar Faridi  |  

Binance, which claims to be the largest crypto exchange that’s being sued by US regulators for a wide range of issues, has now had its European banking partner Paysafe Payment Solutions (NYSE: PSFE) reveal that it will stop offering its embedded wallet solution to the… Read More

June 26, 2023 @ 9:39 am By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider (and is being sued by US regulators for a wide range of issues), has announced the launch of a local digital asset platform in Kazakhstan. The move follows Binance securing “a… Read More

June 26, 2023 @ 7:38 am By Omar Faridi  |  

The FSMA has noted that Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are “not members of the European Economic Area.” The FSMA has therefore ordered Binance “to cease,… Read More

June 17, 2023 @ 11:19 am By JD Alois  |  

Earlier today, the SEC revealed that it has received court approval for “emergency relief” from Binance and affiliated entities to require funds impacting US investors to be maintained in the US. The order states that funds must be repatriated and held for the benefit of… Read More

June 17, 2023 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received court approval for emergency relief regarding assets held by Binance for US customers. The SEC states that all defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng… Read More

June 16, 2023 @ 6:52 pm By JD Alois  |  

Binance is continuing its staggered retreat from another market. According to a Tweet from today, Binance is exiting the Netherlands market as they have been “unable to register as a VASP with the Dutch regulator.” A VASP is a virtual asset service provider, and the… Read More

June 9, 2023 @ 3:16 pm By Omar Faridi  |  

On June 8, 2023, Binance, which is being sued by US regulators for a wide range of issues, conducted a one-day training program in collaboration with Taiwan’s Criminal Investigation Bureau (CIB) in Taipei. This collaboration is “part of their broader commitment to contribute to combating… Read More

June 6, 2023 @ 3:21 pm By JD Alois  |  

The Securities and Exchange Commission’s one-two punch attacking Binance and Coinbase – two of the largest crypto exchanges in the world – may push other crypto marketplaces outside the US. As the US has struggled to craft new regulations to oversee the digital asset marketplace,… Read More

June 5, 2023 @ 5:43 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the only publicly traded pure-play crypto exchange and digital asset ecosystem, sank over 9% today as the news filtered out that the Securities and Exchange Commission (SEC) had filed 13 individual charges against Binance, Binance.US and its founder Chengpang Zhao. As… Read More