Binance

Binance news and updates on the world's largest cryptocurrency exchange, including the move to a DEX model and reports on the influential Twitter account of CEO Changpeng 'CZ' Zhao.

  • SEC loses bid to classify BNB secondary sales as securities

    SEC loses bid to classify BNB secondary sales as securities

    The court's decision to reject the SEC's classification of BNB secondary sales as securities could set a significant precedent, potentially impacting the regulatory landscape for other cryptocurrency exchanges facing similar legal challenges.

    Regulation

  • Binance faces .2 million penalty from India's financial watchdog for AML breaches

    Binance faces $2.2 million penalty from India’s financial watchdog for AML breaches

    The penalty imposed on Binance by India's financial watchdog underscores the increasing regulatory pressures on cryptocurrency exchanges globally, potentially leading to stricter compliance requirements and operational challenges for the industry.

    Regulation

  • Binance partners with Taiwan authorities in .2M money laundering crackdown

    Binance partners with Taiwan authorities in $6.2M money laundering crackdown

    Binance’s Financial Crimes Compliance (FCC) department has recently joined forces with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to take down an NT$200 million ($6.2 million) money laundering operation, said Binance in a press release published today. As reported, the suspects in the case were involved in sophisticated money laundering

    Regulation

  • Binance founder Changpeng Zhao sentenced to four months in prison

    Binance founder Changpeng Zhao sentenced to four months in prison

    Changpeng Zhao (CZ), founder of the largest crypto exchange by trading volume Binance, was sentenced to four months in prison, as reported by Bloomberg. CZ was charged for his failures that made it viable for cybercriminal and terrorist activities to take place on Binance. US District Judge Richard Jones, in Seattle, was responsible for the

    Ecosystem

  • Bitcoin Halving Milestone

    Bitcoin completes its fourth halving, block rewards now stand at 3.125 BTC

    It was the moment that most of Bitcoin’s friends had been waiting for. At 8:10 pm ET Friday in New York, Bitcoin (BTC) underwent its fourth halving at block height 840,000; block rewards were slashed from 6.25 BTC to 3.125 BTC. Despite the block reward halving, miners for block 840,000 raked in a hefty transaction

    Bitcoin

  • Megadrop: Binance reveals new launchpad for early Web3 project access

    Megadrop: Binance reveals new launchpad for early Web3 project access

    Binance revealed today its new platform for token launches called Megadrop, which will be used for token generation events and for allowing access to Web3 projects before they are listed on the exchange. This platform combines Binance Launchpool’s methodology with Web3’s innovative potential, enabling users to engage with and invest in new tokens from promising

    Ecosystem

  • A Binance developer converting BNB and BTC to USDC.

    Binance converts $1B emergency fund to USDC

    Binance has converted $1 billion from its Secure Asset Fund for Users (SAFU) into Circle’s stablecoin USD Coin (USDC), effectively placing the fund to represent approximately 3% of the stablecoin’s total circulating supply. The SAFU was established in 2018 to protect Binance users in extreme situations, such as exchange hacks, by reimbursing them for unforeseen

    Business

  • Martin C. Grant, former New York Fed compliance chief, appointed to Binance.US board of directors

    Ex-New York Fed chief joins Binance.US board

    Binance.US has appointed former New York Federal Reserve Bank compliance chief Martin C. Grant to its board of directors. Binance.US said the appointment aims to boost compliance efforts and restore user trust after facing extensive regulatory scrutiny over ties to the global Binance exchange. The platform has struggled to grow its userbase in the wake

    News