#binance

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

In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission's arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities' 'duration'.

Bloomberg reports that Changpeng Zhao (CZ), the ex-CEO of the crypto exchange Binance, saw his fortune grow by almost $25 billion in 2023. His financial growth surpassed that of other crypto industry billionaires, including Coinbase's CEO Brian Armstrong and the Winklevoss twins.

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.

Three American families, victims of a Hamas attack on Israel on October 7th, have filed a lawsuit against Iran, Syria, and the cryptocurrency exchange Binance, including its former CEO Changpeng Zhao.

Leaders within India's crypto community have largely welcomed the country's decision to block websites of international crypto exchanges, including Binance, Huobi, and KuCoin. Nischal Shetty, the CEO of Indian exchange WazirX, has labeled this step as a move “towards greater regulatory clarity and control”.

On a specialized forum, an unidentified hacker is selling access to the law enforcement request control panel for the crypto exchange Binance. The price is set at $10,000, payable in cryptocurrencies like Bitcoin (BTC) or Monero (XMR). The validity of this offer has been verified by the analysts at Hudson Rock.

Bloomberg reports that during a private dinner in Singapore, Binance alerted its VIP traders about an anticipated settlement with U.S. authorities, totaling $4.3 billion.

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.