Binance to Launch Thai Exchange With Local energy Partner
Thai residents will have the opportunity to access crypto services through Gulf Binance, a joint venture between Binance and Gulf Energy. In early 2024, Binance will launch a publicly traded cryptocurrency exchange in Thailand through a joint venture with the country’s largest energy provider, Gulf Energy Development. Gulf Energy stated in a filing with the […]
Binance to Cease RUB Deposits Amid Russian Exit Plans
In anticipation of Binance’s departure from Russia, the cryptocurrency exchange is presently focusing on discontinuing RUB deposits. Binance, the largest cryptocurrency exchange in the world, issued a statement updating its users on the Russian ruble (RUB) landscape in the wake of its impending withdrawal from the country. Following the statement, the exchange will halt all […]
Binance Plea to Dismiss Lawsuit Rejected by US SEC
The US SEC has denied Binance’s motion to dismiss the litigation, citing significant misunderstandings of securities law. In a recent filing, the Securities and Exchange Commission (SEC) reaffirmed that Binance’s dismissal petition lacks legal merit. The aforementioned submission on Wednesday was made in reply to the earlier endeavor by the cryptocurrency exchange to dismiss the […]
Changpeng Zhao’s Net Worth Drops by 80% This Year
Changpeng Zhao’s net worth has plummeted significantly as Binance’s trading volumes have dried up this year due to regulatory action. Changpeng Zhao, the founder of Binance and a crypto magnate, saw his net worth plummet by 80% since the beginning of 2023 as the cryptocurrency market experienced a strong rebound. Binance has been experiencing turbulence […]
Binance Files for Dismissal of CFTC Lawsuit
Binance crypto exchange and its CEO, Changpeng “CZ” Zhao, are once again challenging the Commodity Futures Trading Commission (CFTC) of the United States. They have filed documents seeking dismissal of a lawsuit filed by the regulator in March. Binance’s attorneys questioned the CFTC’s global regulatory scope in a 23 October filing with the U.S. District […]