In a determined stand against the U.S. Commodity Futures Trading Commission’s (CFTC) lawsuit, Binance, the world’s largest cryptocurrency exchange, has filed a motion to dismiss the allegations. The CFTC had accused the platform of offering illegal derivative products to U.S. residents and failing to comply with anti-money laundering, customer protection, and registration requirements. Binance’s response […]
In a bid to address the legal challenges posed by the US Commodity Futures Trading Commission (CFTC), Binance, the leading cryptocurrency exchange, and its CEO, Changpeng Zhao, are preparing to take decisive action. The CFTC had filed a lawsuit in March accusing Binance of violating US laws by offering and executing crypto derivatives transactions for […]
The world’s largest cryptocurrency exchange, Binance, has encountered a significant setback in its market share during H1 2023, according to a recent report from Kaiko Research. The study sheds light on the challenges faced by Binance and its subsidiaries, like Binance.US, as they grapple with mounting legal issues and regulatory pressures that have made it […]
Binance, the world’s largest crypto exchange, recently announced its ongoing efforts to integrate the Bitcoin Lightning Network (LN) into its system to enhance the user experience with deposits and withdrawals. In a tweet on Tuesday, the company confirmed its progress while acknowledging the need for additional technical work before the network is fully integrated. Binance’s […]
In recent years, BNB Chain has emerged as a formidable competitor to Ethereum and Tron in the decentralized finance (DeFi) sector. With its user-friendly design, compatibility with the Ethereum virtual machine, and lower transaction fees, the Binance chain has gained traction and now holds a significant 8.5% market share. In this article, we will explore […]
Binance, the world’s largest cryptocurrency exchange, is currently under preliminary investigation by the Paris prosecutor’s office for suspected illegal client solicitation and aggravated money laundering. The French daily Le Monde reported this development, shedding light on the latest challenge faced by the popular crypto platform. Investigation Initiated by Paris Prosecutor’s Office According to reports, the […]
Binance, the crypto behemoth known for its global reach and dominant position in the market, is facing a storm of controversy as US authorities charge the company with a series of securities law breaches. In what can only be described as an intricate web of deception, Binance is accused of deliberately evading regulations and engaging […]
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Binance Coin (BNB) is one of the hottest cryptocurrencies right now, as it continues to soar after its quarterly burn and ahead of its upcoming hard fork. The native token of the world’s largest crypto exchange by volume has gained over 8% in the past week, reaching $344.93 at the time of writing, according to […]
