Nigeria rings the alarm on Binance’s alleged illegal operation
Initially, the securities regulator issued a warning against Binance Nigeria, but in its latest notice, it warned against the global exchange, saying it’s operating illegally.
Latest Binance News
Coinbase losses increase as trading volume dries up and USDC shrinks
Coinbase generated revenue of $707.9 million in the three months ending June 30, a 12.5% decline from the same period last year and 8.3% below the first quarter of 2023.
Tether launches $115M ‘share buyback’ as cash reserves dwindle
Tether's audit report claims its reserves have ballooned by $7.1 billion from what was registered in Q1, but its real cash on hand paints a different picture, with figures said to be plummeting fast.
Sam Bankman-Fried risks pre-trial custody as judge losing patience
SBF was in Manhattan on July 26 trying to convince U.S. District Court Judge Lewis Kaplan not to tighten his bail conditions—a week after he leaked private writings of Caroline Ellison.
New stablecoin stumbles as Binance’s Changpeng Zhao hints at unstable stables
Hong Kong-based First Digital Group celebrated the debut of the new FDUSD stablecoin on Binance, but little do they know that the U.S. dollar-backed FDUSD appears to have tripped down the red carpet.
Binance seeks dismissal of CFTC suit, preps Japanese noncompliance
Binance has until July 27 to file its response to the CFTC suit, but the exchange is asking the court for permission to exceed the 15-page limit for such responses.
National Australia Bank bans payments to ‘high risk’ digital asset exchanges to curb scams
Binance may be among the targets of the new crackdown, with NAB saying that half of all scams in Australia are related to digital assets, according to local reports.
Who might face sanctions after Bitzlato?
Data compiled by the Global Ledger team shows five exchanges have similar exposure to Hydra and continue to process transactions in the darknet even after its closure.
Philippines’ amended ‘crypto’ framework targets Binance, other unregistered exchanges
SEC Commissioner Kelvin Lester Lee notes that investor protection is the state agency's priority in enforcing the latest rules governing "cryptos," which include heightened monitoring of unlicensed exchanges.
Binance fires staff, cuts benefits, ditches sponsorships, claims ‘this is fine’
Binance’s layoffs could top 3,000 by year’s end, according to an exchange staff who claimed that the U.S. Department of Justice probe would likely end in a consent decree or settlement.
Binance.US runs out of BCH, blames ‘deposit sweeping system’
Binance.US issued a notice to customers regarding a “temporary shortage in the concentration of BCH on the BCH network,” which left many confused as to what exactly they’d just read.
Binance senior execs bolt over CZ’s handling of US criminal probe
The future is looking bleaker for Binance as the DOJ's ongoing probe into the exchange's alleged illicit dealings slowly took a toll on the firm, with more of its execs heading for the exit.