BNB Plummets 10% Amid Binance’s $4.3 Billion Settlement And CEO’s Impending Resignation
Binance Coin (BNB), the native token of the Binance cryptocurrency exchange, has experienced a sharp decline of 10% following reports that Binance
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Binances
What’s Next for Binance’s Changpeng ‘CZ’ Zhao? Passive Investing, DeFi
Changpeng "CZ" Zhao said in a post on social media platform X (formerly Twitter) that he won't be leaving the space entirely. "My current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech." Source
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Binance’s CZ pleads guilty to violating anti-money laundering requirements—WSJ
Binance founder Changpeng "CZ" Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice (DOJ) prepares to announce that it's secured a $4.3 billion settlement with the company.According to The Wall Street Journal, CZ intends to plead guilty to several charges levied
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Crypto Market Sees Uptick on Prospects of Binance’s Resolution with DoJ
The potential resolution of the US criminal investigation into Binance marks a critical juncture for the crypto industry. If Binance agrees to the proposed fine, it would represent one of the largest settlements in the history of the crypto market. The crypto market experienced a surge of cautious optimism as reports
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Binance’s counter-terrorism advisor exits after just two months
Leading global crypto exchange Binance recently experienced a notable departure with Jennifer Hicks resigning from her position as the firm’s first anti-terrorism financial advisor. Hicks, who previously worked as a cybercrime investigator at Chainalysis and has a background in the U.S. Navy, joined Binance as Senior Manager of Intelligence and Investigations
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SEC Dismisses Binance’s Arguments in Its Latest Filing
Following the SEC’s latest filings, there have been mixed reactions, with some favoring the SEC and others supporting Binance. The United States Securities and Exchange Commission (SEC) has stated that Binance’s motion to dismiss a lawsuit filed against it has no basis in law. The federal regulator revealed this while responding
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Research reveals Binance’s shrinking market share in CEXs
According to recent data released by 0xScope, Binance, the world’s largest cryptocurrency exchange, is facing a decreasing market share, where it currently sits at 51.2%. Other major players like Huobi, Gate and KuCoin have also experienced declines in their market shares during the same time period. A steady rise The Nov. 6 report highlights that
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Binance’s spot trading market share falls to 40% in 2023: Report
Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has
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Sam Bankman-Fried ‘doubled down’ by buying Binance’s stake in FTX — US prosecutors
Federal prosecutors claimed Sam “SBF” Bankman-Fried “doubled down” on using customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to United States government attorneys, Bankman-Fried paid for the buyout with funds from FTX customers.The prosecution is delivering its closing arguments on Nov. 1 at the
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Binance’s market share continues to fall. What’s happening
Trading volumes on the largest cryptocurrency exchange, Binance, fell from 74% in December 2022 to 50% in October 2023. Traders’ pullback from Binance was especially evident on October 23rd. While Bitcoin was rising, Binance’s market share fell to almost nothing, coinciding with Bitcoin’s rise to $34,000. In contrast, OKX’s market share
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