Tag Archives: Binance

TL;DR Binance recently expanded its Loan service to include new assets such as Holo (HOT) and Manta Network (MANTA), requiring users to update their app versions to place orders. The prices of these newly added tokens increased following the announcement, possibly driven by the broader recovery in the cryptocurrency market. The Latest Update The world’s largest cryptocurrency exchange launched another upgrade on its platform to offer additional services and respond to...

Binance founder and former CEO – Changpeng Zhao a.k.a CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In the first tweet following the sentencing, CZ revealed his intention to remain a passive investor and holder in the crypto industry while simultaneously highlighting the importance of compliance in the industry. CZ Reacts In his final tweet before beginning his...

Changpeng Zhao (aka “CZ”) – the founder and former CEO of crypto exchange giant Binance – has been sentenced to 4 months in prison after a hearing in a Seattle courthouse on Tuesday. The sentencing follows CZ’s guilty plea to running afoul of know-your-customer and anti-money laundering requirements at his exchange in November. During the hearing, Judge Richard Jones acknowledged tht CZ had “accepted responsibility” for his actions, and that his actions at Binance were of a...

CoinspeakerBinance France: CZ’s Conviction Puts EU Access at Risk Although the AMF extended its transitional period for compliance to December 2025, which allows Binance to operate in France until then, beyond this point, a MiCA license will be required to maintain EU market access. Binance France: CZ’s Conviction Puts EU Access at Risk

CoinspeakerBinance’s CZ Could Be Richest Person Ever to Go to Prison in US Despite Zhao plea and the severity of the charges, Binance continues to thrive in the booming cryptocurrency market, with over 40 million new users in 2023, up 30% from the previous year. Binance’s CZ Could Be Richest Person Ever to Go to Prison in US

Binance’s dominance in Bitcoin trading outside the U.S. is dwindling as offshore exchanges expand their reach and regulatory landscapes evolve, reshaping the competitive dynamics of the digital asset industry. According to data from Kaiko, Binance, once dominating Bitcoin trading markets outside the U.S., has witnessed a decline in its share of BTC trading over the past year, dropping from 81.3% to 55.3%. Binance Loses Global Market Share Similarly, Binance’s proportion fell...

Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he described as “poor decisions” and has taken “full responsibility” for his actions. Meanwhile, Binance co-founder He Yi said that while he acknowledges that CZ may have made mistakes, his biggest one was ignorance. CZ Issues Apology and Appeals for Second Chance Following his November 2023 settlement of charges with the U.S. Department of Justice (DOJ), Changpeng Zhao (CZ) is scheduled for...

CoinspeakerBinance Founder Changpeng Zhao Apologizes in Letter to Presiding Judge Ahead of Upcoming Sentencing Former Binance CEO alias CZ will be sentenced on April 30, with the DoJ seeking a harsher punishment of 3 years. Binance Founder Changpeng Zhao Apologizes in Letter to Presiding Judge Ahead of Upcoming Sentencing

CoinspeakerNigeria’s Central Bank Issues Denial Regarding Alleged Freeze on Crypto Accounts The situation be­came confusion when the ce­ntral bank of Nigeria initially refuted the re­port on X, only to remove the de­nial. Later, they asse­rted that the allegations we­re indeed false, leading to uncertainty regarding the­ true circumstances. Nigeria’s Central Bank Issues Denial Regarding Alleged Freeze on Crypto...

CoinspeakerBinance Rolls Out Copy Trading for Spot Crypto Contracts  Binance said it now allows users to take up dual roles on the platform. Users can register for both lead and copy trading. Binance Rolls Out Copy Trading for Spot Crypto Contracts