Zhao’s defamation lawsuit is a response to Modern Media Company’s publishing of the 250th issue of Bloomberg Businessweek, which led with the title “Changpeng Zhao’s Ponzi Scheme.”
Binance could be in major regulatory trouble with Uncle Sam after the controversial digital currency exchange was accused of ignoring economic sanctions imposed on Iran.
Binance continues to make a big show of seeking regulatory approval while treating its customers as if there are no consequences for its sketchy behavior.
The digital asset community must face the fact that so long as Binance continues to act as the poster boys for ‘crypto’ criminality, mainstream acceptance just isn’t going to happen.
Joshua Henslee released a video discussing his take on the digital currency market chaos last week, particularly how the 'leaders' in the space are handling the issue.
Kraken was founded in 2011 by Jesse Powell while visiting his friend Roger Ver in Tokyo to deal with the aftermath of an early security breach at Mt. Gox exchange.
Binance announced a partnership with Paysafe that once again gives it access to the U.K. payments network, having lost it after the Financial Conduct Authority booted the exchange out in June.
The U.S. Securities and Exchange Commission has opened an investigation into Binance.US over its relationship with two trading firms said to be trading against Binance.US customers.
Sam Bankman-Fried recently hit the news when he was featured in Washington Post, vowing to give away millions worth of BTC, although he admits this is about wooing regulators and onboarding people to FTX.
A special report by Reuters has unearthed the rot at Binance, including how top execs made fun of anti-money laundering and Know Your Customer checks, and how Zhao led the flouting of laws.
Months after the Financial Conduct Authority shut down BInance over its illegal operations in the U.K, CEO Changpeng Zhao says the company is now in advanced stages to obtain licensing in the country.