Binance

Binance faced the SEC in Washington, DC, for a four-hour hearing on Monday. The exchange sought to dismiss charges made against it, its US sector, and former CEO Changpeng Zhao last summer. The US Securities and Exchange Commission again seeks a federal judge to support its claim to regulate the cryptocurrency industry. Judge’s Controversy & […]

Federal Judge Amy Berman Jackson has ordered a court review to assess whether digital assets, especially those linked to Binance, should be classified as securities. This move suggests a significant legal examination of the regulatory status of such assets within the financial framework. The recent development in the case between the US Securities and Exchange […]

In a year marked by regulatory challenges and market fluctuations, Binance, once the undisputed leader in the cryptocurrency exchange space, has seen a notable decline in its market share. According to a recent report from TokenInsight, Binance’s market share dropped from 54.2% at the beginning of the year to 48.7% by the end of 2023. The report […]

AltLayer, the decentralized protocol for restated rollups, has unveiled plans to launch its native ALT token through Binance Launchpool next week. Users on Binance can stake BNB and FDUSD stablecoin to farm ALT tokens for six days starting Friday at 00:00 UTC. They will list the utility token on Jan 25 at 10:00 UTC, featuring […]

The trueUSD (TUSD) stablecoin, which is supposed to be pegged to the US dollar, has dropped below $1 and is currently trading at $0.988, according to CoinDesk Indices data. The de-pegging by TUSD marks the second time in two months as it fell to a low of $0.9957 in June 2023. Moreover, Reasons behind the […]

Apple’s App Store in India has briefly banned multiple crypto exchange applications such as Binance, KuCoin, Bitget, HuobiOKX., Gate.IO, and MEXC. After the FIU received a notice from the Indian Ministry of Finance, this step involved singling out almost a dozen offshore crypto exchanges. On the 28th of December, the FIU notice came out against […]

The mega rally in Solana continues as the SOL price rallies another 18%, moving closer to $100 during the early trading hours of Dec. 22. This happened for the first time in over two years. On the monthly chart, Solana’s price gains have now exceeded 75%. It has boosted cryptocurrency to the fourth spot by […]

The settlement imposed by the Commodity Futures Trading Commission (CFTC) upon cryptocurrency exchange Binance and its former CEO, Changpeng Zhao, has now been approved by the U.S. District Court for the Northern District of Illinois. The approval signifies resolving Binance and Zhao’s regulatory matter in the United States. The CFTC first raised the enforcement action […]

Binance Holdings and its former CEO, Changpeng Zhao, have responded to the United States Securities and Exchange Commission’s (SEC) attempt to include Binance’s admission of guilt to the Department of Justice (DOJ) in the ongoing legal proceedings on December 12, 2023. Binance Rejects SEC’s $4.3B Claim: Legal Showdown Unfolds In a filing submitted to the […]