Cryptocurrency is a precocious industry, in its lows as well as its highs. So it makes sense that Binance, the worldโs largest crypto exchange, has agreed to pay a $4.3…
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US regulator sues top crypto exchange Binance, CEO for โwillful evasionโ
The worldโs biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator…
- BusinessCryptocurrencies
Investors pull $2.5 bln in days from Binanceโs stablecoin on regulatory scrutiny
About $2.5 billion flowed out from Binanceโs stablecoin this week, Binanceโs CEO said on Twitter, after US regulators turned their sights on the cryptocurrency. Most of the money has moved…
- BusinessCryptocurrencies
Binance stablecoin backer says US SEC has labeled token an unregistered security
The firm behind Binanceโs stablecoin, Paxos Trust Company, said the US Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and…
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Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a โmoney laundering…
- BusinessCryptocurrencies
Crypto platform Binance to buy troubled rival FTX
by Agence France-Presse 2 mins readBinance, the worldโs biggest cryptocurrency platform, has agreed to buy its financially-troubled rival FTX.com, according to an announcement Tuesday on Twitter. In a tweet, Binance chief executive Changpeng Zhao said…
- BusinessCryptocurrenciesMiddle East
Binance says crypto moved through platform from Iran
by Agence France-Presse 2 mins readFunds belonging to or intended for Iranians have flowed through the worldโs largest cryptocurrency platform, Binance, the company said Friday, risking that it may run afoul of US-imposed sanctions. โEarlier…