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Crypto Is Illegal in China. Binance Does $90 Billion of Business There Anyway.
Retaining its Chinese footprint will be crucial for Binance as it navigates a global regulatory crackdown that executives worry threatens its future.
Some Binance.US Crypto Trading Was a Mirage, the SEC Alleges
When crypto company Binance launched its U.S. exchange in 2019, almost $70,000 of bitcoin changed hands in the first hour. “That was ourself, I think,” Binance Chief Executive Changpeng Zhao said in an internal message viewed by The Wall Street Journal. Just how much crypto trading volume is due to actual trades versus exchanges and coin promoters shuffling assets among themselves is an issue for regulators and investors trying to gauge the depth of these markets.
How Binance’s ‘extensive web of deception’ could lead to DOJ charges against the world’s largest crypto exchange—and its enigmatic founder
CZ's control exposes him to charges from U.S. law enforcement, experts say.
Binance’s BNB Token Pares a Slump That Spread Angst Across Crypto
(Bloomberg) -- The native token of Binance, crypto’s largest exchange, has snapped a slide that stoked nervousness among digital-asset investors.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum Puts Russia’s Isolation on DisplayAmericans Say They Need $2.2 Million to Be Considered WealthyBNB has bounced some 10% o
SEC, Binance have until Thursday to reach asset freeze compromise
A federal judge has appointed a magistrate judge to work out a deal between the Securities and Exchange Commission and the world's largest cryptocurrency exchange.
Binance has not sold either bitcoin or Binance Coin, CEO says
Last week, Binance was sued by the U.S. Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S. exchange. The lawsuits against Binance and Coinbase Global have increased fears the crypto market's ordeal could be prolonged further after the sector was battered by a string of meltdowns including the bankruptcy of FTX, Binance's biggest competitor, last year. Binance Coin has lost more than 20% in value since the S
Bitcoin, Ether rise amid ‘swoon-soar’ trading after SEC lawsuits against Binance, Coinbase
Bitcoin fails to break US$27,000 ceiling. Binance’s BNB gained 2%, even as latest SEC filing alleges customer funds were moved to private accounts, a charge Binance rejected.
As SEC files motion to freeze Binance assets, crypto market remains green
A day after the SEC filed 13 charges against Binance and CEO Changpeng Zhao, as well as BAM Trading and BAM Management, it has requested a temporary restraining order to freeze assets for all of the parties involved, according to a filing on Tuesday. The order is “necessary to preserve the status quo, ensure the safety and availability of those assets held and prevent dissipation or transfer of those assets from the jurisdiction of this Court,” the SEC stated in the case, which it filed with th