Browsing Tag
Binance
45 posts
Binance under Fire: Ontario Court Certifies Class Action over Crypto Derivatives
Network, Learn, Grow | FMAS:24 Network, Learn, Grow | FMAS:24 Network, Learn, Grow | FMAS:24 Network, Learn, Grow | FMAS:24 Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024. Don't miss out on
Fleeing Binance Executive Traced to Kenya, Nigeria Pursues Extradition
Last updated: April 15, 2024 03:12 EDT | 2 min read The Nigerian government has traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya. Anjarwalla had managed to escape custody in Nigeria, but his cover was blown upon his arrival in Kenya, according to a report from Nigerian media outlet The Punch. The report
Binance Executive Escapes Detention in Nigeria, Flies Out of Country
ABUJA, Nigeria – In a dramatic twist to the cryptocurrency regulation saga in Nigeria, Nadeem Anjarwalla, a senior executive of the global cryptocurrency exchange platform Binance, has reportedly fled the country. Anjarwalla, the regional manager for Africa at Binance, was detained in Abuja, the nation’s capital, in connection with efforts by the Nigerian government to
Binance Must Pay $4.3 Billion In Federal Case as CZ Awaits Sentencing
A federal judge accepted a guilty plea from cryptocurrency exchange Binance along with $4.3 billion in fines and penalties to settle its case—the largest such assessment in the history of federal financial prosecutions. Federal Judge Richard Jones approved the deal—which includes a criminal fine of $1.8 million and a forfeiture of $2.5 million for a
Binance to List Ronin RON Token: Prices Spike and Crash Shortly After
The crypto market saw significant price action around Ronin Network’s RON token over the past day, sparked by major exchange Binance announcing it will list the token. The news initially sent RON surging over 30% close to its all-time high, before a bout of profit-taking sent it plunging nearly 20%. TLDR Binance announced it will
81 Binance Wallets Withdraw $31 Million In LINK, What This Mean For The Altcoin
Recently, Binance, one of the world’s leading crypto exchanges, witnessed an unusual pattern of withdrawals. Particularly, 4.7 million LINK tokens, equivalent to roughly $31.58 million, were suddenly withdrawn over a brief period by 81 newly minted wallets. The event is noteworthy due to the large number of tokens moved and the swift, simultaneous action across
Changpeng “CZ” Zhao, the CEO of Binance, has publicly spoken out against allegations made by the U.S. Securities and Exchange Commission (SEC). The regulatory body claimed that Binance.US, the American arm of the global cryptocurrency exchange, might have used a custody unit potentially linked to its parent company, thereby exposing clients to a foreign entity.
Binance.US Faces Accusations of Discovery Failures
In a Court Filing, the U.S. Securities and Exchange Commission (SEC) pointed to Binance’s document production, regulatory violations, concerns about asset control, inconsistent statements, uncooperative responses, and limited cooperation in providing witness testimonies.The securities regulator alleged that Binance.US’s holding company, BAM, failed to provide sufficient documents upon the agency’s discovery requests related to customer assets.According
Binance Japan Unveils Domestic Expansion Strategy
Meanwhile, Binance Japan will also be looking to leverage the country’s revised Payment Services Act. Under the Act, stablecoins backed by legal tender are recognized as an “electronic payment method”. Binance Japan has presented its domestic expansion plans in an online business meeting. Country head, Mr. Tsuyoshi Chino, shared insights into the company’s strategy and
Binance Labs’ $5 Million Investment Boosts CRV Token Following Recent Setback
Binance Labs has committed to invest $5 million in the Curve DAO Token (CRV). It is the same token that is a factor behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. Exploring potential deployment on Binance’s BNB chain is also a part of this collaboration for Curve, as was stated in the announcement