Tag Archives: Binance

The U.S. Department of Justice has settled charges against crypto exchange giant Binance for $4.3 billion, bringing investigations spanning back to 2018 to a close. The DOJ confirmed the settlement in a live video announcement on Tuesday, marking one of the largest enforcement actions ever closed in a crypto-related case. The company pled guilty to willfully floundering the Bank Secrecy Act, among other things. It now must report suspicious financial activity to federal...

Binance founder Changpeng Zhao (CZ) will plead guilty to floundering anti-money laundering (AML) provisions as part of a settlement deal with the U.S. Department of Justice (DOJ), according to a Tuesday report from the Wall Street Journal (WSJ). He has also agreed to step down as CEO of his exchange and pay a $50 million personal fine, while Binance has agreed to pay a $4.3 billion fine for its legal violations. Binance’s Massive Penalty As detailed by the WSJ, Binance’s...

In der Welt der Kryptowährungen gibt es eine Vielzahl von Börsen, auf denen man digitale Währungen kaufen, verkaufen und handeln kann. Eine dieser Börsen, die sich in den letzten Jahren einen Namen gemacht hat, ist Binance. Doch was macht Binance so besonders und wie unterscheidet es sich von anderen Kryptowährungsbörsen? Binance Launchpad Ein herausragendes Merkmal von Binance ist das sogenannte „Launchpad“. Hierbei handelt es sich um eine Plattform, auf der neue Kryptowährungen und...

The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community. CoinLedger’s recent compilation of the ten most popular crypto entrepreneurs of 2023 showcases a mix of highly influential and controversial figures, with Binance CEO Changpeng ‘CZ’ Zhao securing the top spot. Binance CEO Changpeng ‘CZ’ Zhao: Leading the Charge The list, based on social media followings, provides a glimpse into the diverse personalities...

The potential resolution of the US criminal investigation into Binance marks a critical juncture for the crypto industry. If Binance agrees to the proposed fine, it would represent one of the largest settlements in the history of the crypto market. The crypto market experienced a surge of cautious optimism as reports emerged regarding the possible resolution of Binance’s longstanding US criminal investigation with the United States Department of Justice (DoJ). Binance’s Reported...

BNB price has gained about 6.4 percent in the past 24 hours to trade around $262 as the charges filed by the DoJ are believed to be finalized by the end of this month. Amid the ongoing altcoin recovery, Binance’s native coin BNB has enjoyed a much-needed recovery, thus invalidating the possible replay of the FTX scenario. Binance Holdings Ltd., a leading cryptocurrency exchange that has invested heavily in the Bitcoin network and the web3 ecosystem, is looking at a possible settlement with...

The U.S. Department of Justice (DOJ) has requested that crypto exchange giant Binance pay $4 billion as a resolution to its lengthy investigation of the company. Such negotiations include the possibility that Binance CEO Changpeng Zhao (CZ) is charged with crimes possibly including money laundering, bank fraud, and sanctions violations. According to Bloomberg, an announcement on a settlement deal could arrive as early as the end of November. If accepted by Binance, it would...

TL;DR Binance Delists Russian Pairs: Binance will remove 15 Russian ruble trading pairs, including ADA/RUB, SOL/RUB, and XRP/RUB, due to security concerns and low liquidity, aligning with their strategy to exit the Russian market. Strategic Shift: The exchange’s move reflects a compliance-focused strategy, as stated by Chief Compliance Officer Noah Perlman, emphasizing a shift away from Russian operations to focus on other global markets. Cryptocurrency Price Impact: The...

TL;DR New Cryptocurrencies on Binance Japan: Binance Japan adds 13 new digital assets, including NEAR, IMX, and MANA, expanding its total offerings to 47, with future plans to reach 100. Market Response to Announcement: The addition of these cryptocurrencies led to a positive market response, with notable gains in NEAR, KLAY, and OP. Binance’s Strategic Re-entry into Japan: Binance re-enters the Japanese market after acquiring Sakura Exchange BitCoin, aiming to leverage...

In tandem with the IPO preparations, Bithumb has initiated efforts to improve its corporate structure. Bithumb, one of South Korea’s leading crypto exchanges, is reportedly gearing up for a groundbreaking Initial Public Offering (IPO) on the KOSDAQ, South Korea’s equivalent of the Nasdaq Composite (INDEXNASDAQ: .IXIC). Bithumb IPO: An Ambitious Move A recent report from local news outlet Edaily indicates that Bithumb is setting its sights on becoming the first digital asset company to go...