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The report, which cites documents from the Securities and Exchange Commission (SEC) of Nigeria, follows headlines from February that Nigeria’s government had blocked local access to several crypto platforms, including Binance, Kraken and Coinbase. Coinbase said at the time that it remained accessible and did not immediately respond to a CoinDesk request for comment on […]
In a statement, plaintiffs’ attorney Jordan Goldstein, a partner at Selendy Gay, said, “On behalf of investors who traded on Binance, we are pleased that a Second Circuit panel has unanimously acknowledged the strength of our claims and permitted this action to proceed. We look forward to prosecuting this class action against Binance and its […]
Binance has suspened withdrawals to the Solana network amid issues of increased volumes. The exchange expects normal services to resume by March 9, 2024. Binance, Coinbase and Kraken are among exchanges to experience issues as crypto rallied amid Bitcoin’s run to a new all-time high on Tuesday. Binance is temporarily halting all withdrawals to the […]
“In the immediate aftermath of the TRO, we saw somewhere in the neighborhood of $1 billion of assets flee the platform, crypto, and fiat,” Christopher Blodgett, a Binance.US executive, said during a December 2023 deposition that was recently published as part of a status update on the SEC-Binance lawsuit. Source link
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee. Source link
LUNC price rose to highs of $0.000185 as Binance burned 2.21 billion of the tokens. The Terra Luna Classic token burn has reached 53 billion on Binance and 100 across the ecosystem. LUNC price is up 27% in the last 24 hours, trading to above $0.00018 early in the day. The Terra Luna Classic token […]
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Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders. Source link
US prosecutors seek court orders compelling former Binance CEO Changpeng Zhao to surrender his passports. The government wants Zhao’s bond conditions to ensure he doesn’t travel out of the US ahead of his sentencing. Zhao pleaded guilty to breaking the federal anti-money laundering law. US prosecutors have filed a motion requesting that former Binance CEO […]
A federal judge approved the U.S. Department of Justice’s $4.3 billion fine on Binance after the crypto exchange pleaded guilty to violating anti-money laundering laws last November. Source link