Binance’s terrible, horrible, no good, very bad week
Receipts are piling up against Binance, while boss Changpeng Zhao is in a race against time to flip the table before his empire implodes and see himself end up like FTX's Sam Bankman-Fried.
Latest Binance News
Judge halts Voyager’s sale to Binance.US pending government appeal
District Judge Jennifer Rearden granted the government's emergency application for a pause in the sale of Voyager, pending an appeal by the DoJ earlier this month.
CFTC sues Binance, CZ for ‘calculated’ violations of US regulations
The CFTC says the exchange "violated core provisions" of the CEA and CFTC regulations governing commodities trading by offering unregistered derivatives products to U.S. customers.
Judge’s Voyager ruling pushing US authorities to act against Binance
The U.S. judge allowing Binance.US to acquire Voyager Digital’s assets may be pushing federal authorities to accelerate criminal and civil actions against the international Binance.
Binance delists British pound after payments provider bails
Owing to the stringent regulatory environment in the United Kingdom, Paysafe moves to suspend deposit and withdrawal of GBP for existing Binance customers from May 22.
SEC steps in at the last minute to block Binance.US Voyager Digital acquisition
The Securities and Exchange Commission and the New York Department of Financial Services had opposed the deal, the latter alleging Voyager had operated an unlicensed and illegal virtual currency business in New York.
Binance chats expose sham behind Binance.US ‘independence’
Wall Street Journal recently reported on internal communications that poke larger holes in Binance’s repeated assertions that the Binance.US exchange is an independent entity.
UK banks HSBC and Nationwide limits digital currency purchases with credit cards: report
HSBC and Nationwide are not the only banks with digital currency purchase restrictions in the U.K., as Santander, Lloyds Bank, and Natwest Group have previously made similar moves targeting Binance.
Binance denies reports that other B-tokens are insufficiently backed
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
Coinbase delisting BUSD as SEC stablecoin scrutiny mounts
BUSD trading on Coinbase will be suspended on March 13, but BUSD holders will continue to have access to their funds and make withdrawals whenever they want.
SEC joins chorus of opposition to Binance.US $1 billion Voyager deal
In a flurry of court filings, New York and federal finance regulators lodged multiple objections to the proposed billion-dollar deal, on the grounds that it could prove discriminatory and unlawful.
Paxos stops minting BUSD—is Binance stablecoin finished?
Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has evolved, and the Binance relationship no longer aligns with our current strategic priorities."