#binance

Wallets linked to the bankrupt companies FTX and Alameda Research have conducted a new round of cryptocurrency transfers, amounting to $10.8 million, to accounts on Coinbase, Binance, and Wintermute.

The regulator is investigating whether the platform possesses a mechanism to potentially control customer assets, similar to FTX.

In an interview with CNBC, Coinbase CEO Brian Armstrong mentioned:

JPMorgan, the banking conglomerate, has expressed a positive view on Binance's decision to settle claims by paying a $4.3 billion fine to American law enforcement.

Binance has introduced its new Web3 wallet, offering compatibility with thirty different blockchains and a range of standard features (trading, staking, and NFTs). The company's objective is to compete with well-established applications like MetaMask and Trust Wallet, although the latter is already part of the exchange’s portfolio.

CZ's net worth now stands at $17.3 billion, marking an 82% drop from its peak of $96.9 billion in January 2022. Back then, the Binance CEO was ranked 11th among the world’s richest people.

Binance CEO CZ's endeavor to amass $1 billion in support of crypto startups fell short of its goal.

Binance's newly appointed CEO, Richard Teng, proclaimed that the cryptocurrency exchange is evolving from a defiant tech startup to a conventional financial institution.

The Commodity Futures Trading Commission has declared that its case against CZ and Binance marks the beginning of an assertive enforcement approach.

The fiat gateway from Advcash made it possible for users to transfer their money stored in Russian banks, which have fallen under sanctions, to the exchange. The user base is spreading this news, having gotten notifications from the exchange about it. Nevertheless, Advcash representatives assert that they haven’t received any communications from Binance concerning updates to their partnership.

The Brazilian Congressional Committee has recommended that local law enforcement authorities bring charges against Changpeng Zhao and three other executives of Binance on allegations of fraud and other financial crimes.

Over the past seven months, Binance's market share in the cryptocurrency spot market has dwindled from 55.2% to 34.3%, and in the derivatives market, it has dropped to 51.5%.