U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]
U.S. Judge Disputes SEC Access To Binance.US Software
The SEC lost its lawsuit against Binance.US, the cryptocurrency trading platform. U.S. Magistrate Judge Zia Faruqui denied the SEC’s request for quick access to Binance.US’s software . Since June, the SEC has been pursuing a case against Binance.US, its international counterpart Binance Holdings Ltd., and CEO Changpeng Zhao. Throughout this period, the regulator has encountered […]
Binance Backs Horizen (ZEN) Hard Fork & Network Upgrade
Binance declares in two phases its support for the Horizen (ZEN) network upgrade and hard fork. Withdrawals and deposits will be temporarily halted. Binance has officially announced its endorsement of the forthcoming network upgrade and hard fork for Horizen (ZEN), which will unfold in two sequential phases. The initial phase will commence at block height […]
Data Indicates Beginning Of Bitcoin And Cryptomarket Rally
Tether (USDT) market share on Binance rising again suggests a Bitcoin and crypto market rally. The decision by Binance, the largest cryptocurrency exchange in the world, to pull out of the BUSD and TUSD stablecoins due to regulatory obstacles has generated optimism among traders. According to Kaiko data, the Tether (USDT) market share on Binance […]
Binance CEO Dismisses Criticism, Claims ‘no liquidity issues’
Changpeng Zhao stated that despite the FUD, the crypto industry has scored a number of significant victories in recent weeks. Changpeng ‘CZ’ Zhao, co-founder and CEO of Binance, has dispelled recent rumors about his company, affirming that its balance sheet and employee retention remain robust despite recent market volatility. In a Sept. 7 post on […]