Binance Financial News

Crypto exchange Binance has played a major role in aiding Thailand’s Royal Police in identifying and cracking down on several crypto-related criminal networks.

Binance CEO Changpeng Zhao and Binance.US are facing a class-action lawsuit filed by a California resident Nir Lahav for their alleged role in causing the downfall of rival exchange FTX.

A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California alleging various violations of federal and California law on unfair competition for attempting to monopolize the cryptocurrency market by harming its competitor FTX. The suit was brought by Nir Lahav, who is identified only as a California resident. 

Monday, 2nd October 2023 – Wall Street Memes ($WSM) has come from a standing start to become the 4th-most-traded meme coin in global crypto markets.

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J

Binance has rolled out a new referral scheme targeting users in the Africa region. The promotion, which runs from September 18, 2023, 11:00 (UTC) to October 2, 2023, 11:59 (UTC), offers participants a chance to share a total reward pool of 17,500 USDT in token vouchers.

crypto company: Binance. Stablecoin issuer Circle Internet Financial Ltd. and crypto investment fund Paradigm Operations submitted filings this week arguing that the Securities and Exchange Commission had overstepped its authority when it filed charges against the world’s biggest crypto exchange in June. The SEC has alleged that Binance engaged in what the regulator described as “an extensive web of deception, conflicts of interest, lack of disclosure and calculated evasion of the law.” Binance has called the complaint “disappointing,” and said it had engaged with the SEC in good-faith negotiations to settle the matter.

Retail investing community Wall Street Meme’s newly launched $WSM meme coin is in blast-off mode, up 3x since presale.

Venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in its current legal action against the cryptocurrency exchange Binance.

traders in India are trying their luck on 'crypto perps', a futures product which they think could be a way to escape the stifling Tax Deducted at Source (TDS) imposed on virtual digital assets (VDAs). Tailored for punters with the stomach to absorb losses in a market that can suddenly and dramatically turn volatile after a long lull, it's an offering that is neither aggressively marketed nor formally launched by mainline platforms. In fact, in a departure from the loud advertisements seen at the peak of the crypto craze two years ago, these handful of service providers prefer playing down crypto futures — offering it to select clients, with one of the platforms describing the rollout as a pilot project in «beta phase». However, trade and crypto industry circles told ET that quite a few high-net-worth individual (HNI) investors who understand the pitfalls of the trade, are betting on 'perps' — or perpetual cryptocurrency futures which, unlike the more familiar stock or commodity futures, have no expiry date. While the platforms concerned display the perp window on their apps and sites, spell out the basic product features, and the caveats, the trade volumes are not disclosed.

Key Takeaways

Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere.

Sam Bankman-Fried, the former CEO of the failed cryptocurrency exchange FTX, will go on trial next week in the Southern District of New York, facing seven charges of fraud and conspiracy.

CommEx, the firm that has recently acquired Binance's Russian division, has said that it is not owned by Binance but disclosed that some of its core members are the exchange's previous employees. 

Amid growing skepticism about CommEx — the mysterious buyer of Binance’s Russian division — the newly launched firm has continued denying Binance’s ownership involvement.

In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not have the "features of an investment contract" on their own.

Stablecoin issuer Circle has stepped into the legal battle between the Securities and Exchange Commission (SEC) and major crypto exchange Binance. 

Binance CEO Changpeng Zhao has distanced himself and the company from the ownership of CommEX, the newly launched digital asset exchange that will take possession of Binance’s Russian entity. 

Binancehas asked Paysafe users to convert their euro balances to USDT by the end of October as the payments provider has stopped processing euro deposits for the exchange's users.

Crypto exchange Binance has urged users to convert their Euros into Tether (USDT) before the end of October, after losing the support of its banking partner.

Key Takeaways