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The plaintiffs, who are also suing Iran and Syria, accuse the crypto exchange of facilitating the financing of Hamas, which is listed as a terror group by the U.S., U.K. and other jurisdictions, and other terrorist organizations between 2017 and 2023, “providing a clandestine financing tool that Binance deliberately hid from U.S. regulators.” Source link
In an effort to find a new partner, at least three firms who have been contacted by Binance to approve its marketing services have declined the offer after the FCA expressed concerns about the firms potentially working with Binance, according to the people that spoke with Bloomberg. Source link
In a Wednesday post, blockchain sleuth ZachXBT claimed that 213 million XRP tokens had been siphoned out of a large wallet on the XRP Leger blockchain. The funds were subsequently laundered through multiple exchanges including Binance, Kraken, and OKX. Source link
Binance Labs has invested an undisclosed amount in Ethereum restaking protocol Puffer. Puffer Finance will use these funds to develop its Layer 2 network and to bring ETH staking and restaking rwards to BNB Chain users. Binance Labs on Monday, January 29, denied claims it had participated in a $15 million funding round for SkyArk […]
Binance Labs says it was “unware” of SkyArk Chronicles’ $15 million funding round and that it did not participate as the AAA gaming platform claimed. SkyArk Chronicles has apologized for the “miscommunication”. Binance Labs has refuted claims that it participated in the gaming platform SkyArk Chronicles’ latest financing round. The venture capital arm of crypto […]
Binance US faces bans in Florida and Alaska after CEO’s guilty plea triggers regulatory crackdown. Florida suspends Binance US’s license, Alaska denies renewal, citing concerns over Zhao’s plea. Despite setbacks, Binance US remains operational in select states. Binance US, the Binance cryptocurrency exchange branch licensed to operate in the US, is under increased regulatory scrutiny […]
ALT token on Binance surged 5,380% from $0.006 to $0.3288 in minutes. AltLayer’s six-day farming schedule and airdrop preceded the explosive surge. Binance swiftly integrated ALT into Simple Earn and Convert, with plans for Margin, Futures, and Auto-Invest. In a staggering turn of events, AltLayer’s native token, ALT, witnessed an unprecedented surge on the Binance […]
CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer. Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad. Sentencing for CZ, facing 10-18 months in prison, is set for February. Binance founder Changpeng ‘CZ’ Zhao faces a legal hurdle as a US federal […]
Earlier this week, a federal judge asked attorneys with the U.S. Securities and Exchange Commission why – “big picture” – there wasn’t any sort of uniting regulation addressing crypto. Source link
Binance saw its market dominance slip 5% in 2023 followning the impact of regulatory issues, including ex-CEO Changpeng Zhao’s resignation. A TokenInsight report however shows the exchange remains top by market share. Meme Moguls, on the other hand, is a new meme-backed trading platform seeing huge interest from crypto enthusiasts during its presale. Binance remains […]