The U.S. government’s arguments on stablecoins in an unrelated criminal case could bolster Binance’s position in its civil case with the SEC.
Binance's founder and former chief executive, Changpeng "CZ" Zhao has apologised for his "poor decisions" and accepted "full responsibility" for his actions, in a letter to the judge overseeing his case.
Changpeng Zhao, the founder and CEO of Binance, the largest cryptocurrency exchange globally, faces a sentencing recommendation of three years imprisonment from the US Department of Justice (DOJ). This follows his guilty plea last year to charges concerning severe lapses in the company’s anti-money laundering (AML) controls, as mandated by the US Bank Secrecy Act. […]
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
The question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.
Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.
The post Binance Sued in Canada: Ontario Court Files Class Action Lawsuit Over Crypto Derivatives appeared first on Coinpedia Fintech News
Binance is facing yet another regulatory scoop! In a recent landmark decision, Ontario’s Superior Court of Justice has given the green light to a class action lawsuit against Binance Holdings Ltd., a major player in the world of cryptocurrency trading. Binance once Again in a Regulatory Tug-of-War The lawsuit alleges Binance violated securities laws by …
Even after Binance announced its departure from Canada in May 2023, local authorities have continued to investigate the exchange.
Nadeem Anjarwalla, who escaped Nigerian custody in March, could be extradited back to the country within the week, one local media outlet reported citing government sources.
Bitcoin completes its fourth halving, reducing block rewards to 3.125 BTC; Bitcoin's price holds steady above $63,000.
The post Bitcoin completes its fourth halving, block rewards now stand at 3.125 BTC appeared first on Crypto Briefing.
Here’s how the crypto industry evolved following one of its most notorious black swan events, the downfall of the FTX exchange, which caused $8.9 billion of lost user funds.
With Bitcoin gearing up for its next deflationary jolt, here are some initiatives aimed at fostering a deeper understanding of the digital currency and its ecosystem.
Oladotun Akangbe, CMO of Flincap, noted controversies in the Nigerian crypto space are to be expected, considering the country’s growth in crypto use.
The post Binance Secures Full Crypto License in Dubai, Confirms CEO Richard Teng appeared first on Coinpedia Fintech News
In a major regulatory victory, Binance has obtained a full crypto license in Dubai. This came after Binance co-founder Changpeng Zhao agreed to give up voting control in the local entity. The Virtual Asset Service Provider (VASP) permit obtained by Binance FZE in Dubai marks an important milestone for the world’s largest digital asset exchange. …
Binance and 9 foreign crypto exchanges were blocked in India over noncompliance with local AML regulations.
Kris Marszalek reportedly said Crypto.com planned to “slowly, thoughtfully, and strategically” add new staff members as part of plans to increase the exchange’s registered users.
Embattled crypto platform Binance.US told CryptoSlate it appointed Martin C. Grant, a former New York Federal Reserve Bank Compliance Chief, to its Board to improve compliance efforts and restore users’ trust in its services. The crypto trading platform has faced extensive regulatory scrutiny due to its ties with the global Binance exchange, which entered into […]
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Binance.US added Martin Grant, a one-time New York Federal Reserve Bank official who spent 17 years as its chief compliance and ethics officer, to its board of directors.
According to Uwakwe, the head of Nigeria’s crypto intercommunity working group, investors worry about potential repercussions similar to Binance’s fate when investing in local Web3 companies.
Solana-based DeFi protocol MarginFi saw hundreds of millions in outflows after its CEO rage-quit amid growing controversies and accusations of failed promises.
Nigeria's currency is collapsing because of financial mismanagement. Now, two Binance employees have been entangled in the government's search for scapegoats.
According to local media reports, Tigran Gambaryan, Binance’s Head of Financial Crimes Compliance, has been remanded in custody in Abuja, Nigeria. The Federal High Court in Abuja postponed the hearing of Gambaryan’s bail application for 11 days, with the remand order continuing until the bail hearing on April 18. The judge, Emeka Nwite, agreed with […]
On-chain data shows a Dogecoin whale made a large withdrawal from Binance today, which may be bullish for the memecoin’s price. A Large Amount Of Dogecoin Has Left The Binance Platform In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, a large transfer has been spotted on the Dogecoin blockchain during the past day. In this move, the network has processed the movement of 304,588,737 DOGE, worth around $52.3 million when the transaction was executed. Given the large scale of the transfer, it’s likely that a whale entity was involved. The whales are influential on the network due to the sheer number of tokens they carry in their wallets. As such, their moves can be worth keeping an eye on since they may cause noticeable fluctuations in the market. Related Reading: This Bitcoin Indicator May Have Signaled Latest Market Downturn In Advance How the market would be affected by the moves from these humongous entities depends on what they intend to do with those moves. Naturally, it’s impossible to say what an investor plans to do confidently. The type of addresses involved in the transaction, however, can sometimes at least provide a hint about what the whale may have wanted to achieve with the move. Below are the details of the latest Dogecoin whale transaction, which reveals its relevant addresses. Looks like this massive move only required a negligible fee of $0.03 to be possible on the Dogecoin blockchain | Source: Whale Alert As is visible, this Dogecoin transaction was executed from a wallet connected to the cryptocurrency exchange Binance. The destination of the move appears to have been a couple of unknown addresses. An unknown address refers to a wallet not affiliated with any centralized entity like an exchange (the sender in this transfer is a “known” wallet as it’s attached to a central entity in Binance). Generally, such addresses are the investors’ personal, self-custodial wallets. Transfers where coins move in the direction of exchanges to self-custodial entities are known as “exchange outflows.” Usually, investors make such moves when they plan to hold onto their coins long-term, as it’s safer to do so outside of these platforms, where the platforms control the wallets. Exchange outflows can also sometimes be an indication that fresh buying is going on, as some investors like to immediately withdraw their purchases of these platforms. Related Reading: Bitcoin Short-Term Holders Capitulate: $5.2 Billion Sold At Loss Given the relatively massive scale of the Dogecoin exchange outflow in the current case, it can naturally be bullish news for investors if the whale is indeed accumulating here. However, the scenario also exists where the whale has withdrawn to sell through the peer-to-peer (P2P) mode. In this case, the effect on the asset could be bearish instead. DOGE Price At the time of writing, Dogecoin is floating around $0.176, down 16% over the past week. The price of the asset seems to have been going down recently | Source: Whale Alert Featured image from Mike Doherty on Unsplash.com, chart from TradingView.com
As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
US-based cryptocurrency exchange Coinbase has obtained a registration license in Canada, signaling its intention to expand internationally amid increasing regulatory scrutiny in the US market, led by the Securities and Exchange Commission’s (SEC) ongoing crackdown on the industry. The company announced that it has been registered as a restricted dealer in Ontario under the Canadian […]
Tigran Gambaryan has been detained in Nigeria since March after coming to address concerns about Binance allegedly manipulating the naira.
Wormhole and Ethena Labs’ recent multi-million token airdrops have been trending on social, according to Santiment’s social dashboard.
The Nigerian Government has engaged the International Criminal Police Organization, Interpol, to facilitate the extradition of Binance executive Nadeem Anjarwalla, who is currently on the run, as reported by local media outlet Punch. Meanwhile, Binance has urged the Nigerian authorities to release its other executive, Tigran Gambaryan, currently within their hold. The firm said: “Binance […]
The post Nigeria and Interpol collaborate to extradite Binance executive amid money laundering charges appeared first on CryptoSlate.
As the crypto market ended March positively, the industry gears up for an eventful April, marked by crucial developments and milestones that could significantly impact the digital asset landscape. Crypto Halvings And Regulatory Deadlines The month starts with the Bitcoin Cash (BCH) halving event scheduled for April 2nd. Similar to Bitcoin (BTC), BCH undergoes a […]
SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.