The U.S. Commodity Futures Trading Commission alleged that Binance and CEO Changpeng Zhao placed profits over policy compliance. CZ refuted...
Binance US is reportedly exploring ways to cut the controlling stake of its founder and owner Changpeng Zhao. The crypto exchange is hoping to bring down the regulatory scrutiny by limiting its relationship with Zhao.
Binance's BUSD has suffered over $500 million in outflows following the lawsuit brought by the CFTC. However, the impact on the stablecoin was comparatively limited to that seen after the enforcement action on Paxos last month.
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.
In brief: According to Bloomberg, the US CFTC is probing Binance on whether it allowed US residents to trade derivatives...
Quick take: Bitmex’s Arthur Hayes and Samuel Reed are stepping down from their roles as CEO and CTO respectively The...
CFTC Chairman Rostin Benham expects a strong year of precedent setting cases ahead. He is confident of more crypto enforcement actions this year.
According to a statement obtained by CoinDesk, the CFTC has, in fact, not approved LedgerX to launch Bitcoin (BTC) futures...