Tag Archives: Exchange News

- Ad - Binance is yet again under legal fire – this time in India. The Indian Financial Intelligence Unit (FIU) has issued a penalty of $2.25 million (Rupees 188.2 million) to Binance for failing to abide by the nation’s Prevention of Money Laundering Act (PMLA), 2002. This financial watchdog previously banned it from providing services to Indian customers through a show cause notice. Numerous offshore exchanges servicing Indian clients also received such notices. The FIU announced on 19...

FTX victims expressed unhappiness with the defunct exchange’s bankruptcy proceedings, claiming the estate overseeing the proceedings is no different than “the enterprise run by SBF (Sam Bankman-Fried). Their concern arises from the compensation FTX’s bankruptcy estate owes, which it may not try to meet adequately according to what the investors feel they rightfully deserve. In a court filing, they stated that digital assets have grown tremendously since FTX went bust in the 2022 bear market,...

Alex Saunders, an Australian crypto/finance influencer and founder of Facebook group Nugget’s News, is revealed to have collected AU$17.5 million (US$13.2 million) in loans from FTX. The now-defunct exchange wanted to evade bad press because of the scheme it was involved in with Saunders. Saunders had lured innocent investors into providing him with funds by sending it to his crypto wallets. He claimed that he would direct toward developing multiple crypto protocols. In return, he would...

Kraken insiders anonymously spoke to Bloomberg, revealing that the leading crypto exchange plans to go public next year through an initial public offering (IPO). It is looking to raise $100 million from investors in pre-IPO investment rounds and is also on the hunt for a ‘marquee’ company on its board for assistance with the IPO. The exchange has planned for an IPO in previous years. The offering has failed to transpire due to bad market conditions, regulatory tussles, or both. It has been...

Binance has reintegrated Visa and Mastercard into its platform, according to its post on X. This move will also include SEPA payments for EU customers who want to use bank transfers to acquire crypto on the exchange platform. Binance stopped its Visa-related services in December and was dropped by Mastercard in multiple countries in September. Its Visa integration previously allowed customers to spend their crypto holdings on Binance as they would fiat in brick-and-mortar and online stores...

Binance Labs – the investment side of the world’s largest and most popular digital currency exchange – has placed $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance Puts a Lot of Dough into Curve At the time of writing, Curve is valued at roughly $2.4 billion and witnesses a daily trading volume of more than $215 million on its investment platform, which seeks to help fans of decentralized finance (defi) trade assets for the...

Not long ago, Bittrex – a popular digital currency exchange – settled the lawsuit that had been filed against it by the Securities and Exchange Commission (SEC). The financial agency has had it in for the firm (like it has with many others), and the company is now looking to get things done quickly and silently so it can continue its operations without interruption, but a former special trial counsel is saying that the same easy route to ending things likely won’t...

Binance – the world’s largest and most popular digital currency exchange – may not remain in Europe, according to various analysts. What Will Happen with Binance in Europe? Right now, Binance is being hit from both sides. In the U.S., for example, regulations are coming down hard. The company is the victim of a lawsuit filed against it by the Securities and Exchange Commission (SEC), and it has stated that it may shut down its America-based unit as a means of...

Sam Bankman-Fried – the now disgraced former executive of the fallen crypto exchange FTX – is heading to jail. The judge overseeing his case has stated he is guilty of violating the terms of his bail too often. It’s also believed that Bankman-Fried has attempted to tamper with witnesses while away from prison. It’s Jail Time for Sam Bankman-Fried The judge in question is District Judge Lewis Kaplan. At a hearing in New York, he commented that Sam Bankman-Fried has...

Binance – the largest and most popular digital currency exchange in the world – has hired a new deputy chief compliance officer (CCO) and global money laundering reporting officer. The positions will be taken over by Kristen Hecht, who according to a recent blog post, has more than 17 years of experience fighting both financial terrorism and illicit monetary activity. Binance Now Has Kristen Hecht Aboard Hecht expressed her excitement about the job in a recent...