Summary: Authorities in the Bahamas are working on drafting and implementing improved laws to govern crypto businesses in the country. The move comes months after FTX, a major crypto exchange domiciled in the Bahamas, collapsed and wiped out tens of millions in investments. FTX’s crash became a lightning rod for...
Celsius network wants to hire its former CFO Rod Bolger at a monthly salary of $92,000 The firm has filed a motion stating that Bolger’s crypto knowledge can help the firm navigate its Chapter 11 bankruptcy proceedings. The troubled crypto lender platform Celsius Network is keeping no stone unturned to...
Genesis' request for an extension of its court-appointed mediation process has been granted by bankruptcy Judge Sean Lane. The bankruptcy judge also denied FTX's request to take part in the mediation talks.
Summary: U.S. federal prosecutors asked Binance for documents regarding the platform’s anti-money laundering checks. Authorities also asked for communication records between CEO Changpeng Zhao and 12 other executives. The cornerstone of investigations revolves around whether or not Binance violated the Bank Secrecy Act, per reports. U.S. agencies like the SEC...
CZ has accused Modern Media, an independent licensee of Bloomberg Businessweek Hong Kong of being unprofessional Zhao has accused the organization of issuing defamatory statements against him and Binance. The CEO of the world’s largest cryptocurrency exchange Binance, Changpeng Zhao is actively suing Modern media, an outlet responsible of Bloomberg...
The D.C. District Court has summoned Binance CEO Changpeng Zhao in relation with the lawsuit filed against him by the SEC. Zhao has 21 days to respond to the complaint, failing which a default judgement will be entered against him.
Binance CEO Changpeng Zhao has supported Binance U.S.' $1.02 billion deal to acquire the assets of Voyager Digital, despite objection from the U.S Securities and Exchange Commission (SEC).
Summary: Leading crypto exchange Binance was present during a senate hearing in the Philippines. The crypto exchange also supposedly targeted a VASP license in the Philippines back in June. Crypto regulations and decentralized finance were among the chief topics during the session. Top regulators like Bangko Sentral ng Pilipinas and...
Binance is reportedly facing an investigation by the U.S. Department of Justice over potential violation of sanctions imposed on Russia following the invasion of Ukraine.
Binance reportedly hid its ties with China after the latter's crackdown on crypto in 2017. CEO Changpeng Zhao reportedly instructed employees to hide information about the exchange's presence in China.
