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.

• 2023-08-02
• Changpeng Zhao China Binance China-based The Wall Street Journal global exchange

First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses

The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-06-19
• New York Stock Exchange Nasdaq Stock Market U.S. Securities and Exchange Commission global exchange customer funds Bitcoin Amy Berman Jackson

Nasdaq planning to launch custody services for crypto by end of Q2

The exchange had previously announced a new division for digital assets.

• 2023-03-25
• Digital Assets Ira Auerbach Nasdaq custody services Global exchange crypto custody services Auerbach senior vice president

Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao

Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd, according to records for the quarter, which were

• 2023-02-17
• Changpeng Zhao Silvergate Bank Catherine Coley Merit Peak Binance trading firm bank account Prime Trust global exchange Susan Li