Binance acquired locally regulated crypto exchange Sakura in November 2022 as part of expansion plans into the Asian market. The...
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Changpeng
Binance slashed employee benefits last month due to declining profits. CEO Changpeng Zhao assured the employees that his company was still profitable.
Summary: Several senior executives including CSO Patrick Hillmann, SVP for compliance Steven Christie, and General Counsel Han Ng said they...
Binance has lost more than 10% of its spot market share in 2023. Meanwhile Binance US' market share has slipped below 1%. The recent regulatory crackdown and lawsuits by the CFTC and SEC have been blamed for the tanking market share.
Belgium's Financial Services and Markets Authority (FSMA) has ordered Binance to cease all operations and crypto services. The exchange has been ordered to return all crypto assets belonging to Belgian clients.
Summary: Binance is under investigation in France for offering illegal digital asset services and aggravated money laundering, Le Monde reported....
Binance US' banking partners have expressed their intention to suspend fiat (USD) withdrawals as soon as June 13, 2023. The crypto exchange has decided to suspend USD deposits today.
Summary: Ark Investment Management bought over 400,000 Coinbase shares as COIN prices slumped thanks to an SEC lawsuit. Cathie Wood’s...