#binance

Binance, a leading crypto exchange by trading volume, announced the launch of a new asset, BFUSD. The news has been actively shared on social media, with many users on X assuming BFUSD is a stablecoin.

The bankrupt exchange FTX continues its legal pursuit against former partners and clients to recover funds for creditors. The latest targets are Binance and its former CEO Changpeng Zhao, from whom FTX seeks to reclaim $1.8 billion.

Binance’s legal counsel has submitted a fresh motion to the court, requesting the dismissal of the SEC’s updated complaint against the exchange.

At Binance Blockchain Week Dubai 2024, Changpeng Zhao (CZ), the former CEO of Binance, joined Altcoin Daily’s Austin Arnold for an introspective “fireside chat.” Reflecting on recent struggles, including his imprisonment, CZ revisited his past missteps, shared key takeaways, and spoke about his new forward-focused vision.

According to analytics platform Arkham, the Bhutanese government transferred $66 million in Bitcoin to Binance today as BTC prices topped $70,000. This transaction leaves the small Asian country with approximately 12,456 BTC ($889 million).

Binance has officially announced the 60th project on its Launchpool featuring Scroll (SCR). Pre-market trading for the token will start on October 11.

Binance founder Changpeng Zhao (CZ) is expected to be released from jail two days earlier than scheduled, following a four-month sentence for failing to enforce anti-money laundering measures on the cryptocurrency platform. CZ served half of his sentence at a halfway house in Long Beach, where he could go to movies and make supervised excursions.

Two American politicians who recently visited the detained Binance employee in prison claimed that he is being held in poor conditions.

The U.S. Department of Justice is pushing for a three-year prison sentence and a $50 million fine for the former Binance CEO, Changpeng Zhao (CZ), due to violations of federal sanctions and anti-money laundering laws.

In an effort spanning the last two years, Binance has managed to recompense $4 billion to its users, addressing losses from platform glitches or user errors. This includes mishaps like incorrect deposits or transactions amid blockchain upgrades, with the team rectifying upwards of 381,616 such instances.

In a recent interview, Changpeng Zhao (CZ), the ex-CEO of Binance, shed light on his present association with the crypto platform and the potential sale of his controlling shares. Learn why the billionaire entrepreneur is not eager to sell now and his thoughts on the updates to social network X.

Tron founder Justin Sun and Yearn Finance founder Andre Cronje allege that Coinbase demanded multi-million dollar fees to list their tokens on its platform, while Binance, for instance, charged them nothing.

U.S. President Joe Biden offered his thanks to Nigeria’s President Bola Tinubu for enabling the release of Binance executive Tigran Gambaryan, who was held by Nigerian officials in February 2024 due to accusations related to Binance’s operations in Nigeria.

The payment settles allegations from the Brazilian Securities and Exchange Commission (CVM) that Binance offered derivative trading services without a license.

Cryptocurrency exchange Binance faces the risk of losing access to the European Union market if French regulators reject the company's application for registration under the new MiCa legislation. A major reason for this could be that Changpeng Zhao (CZ) is the sole owner of the French branch, holding 100% of its shares.

Nigeria's government has levied a $10 billion fine against Binance, citing illegal transactions and efforts to manipulate the local currency's value. This move was outlined in a BBC interview with Bayo Onanuga, the President's Information and Strategy advisor.

People raised concerns about Binance selling user data on the dark web.