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Binance.US

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CryptoCurrency

Binance.US Faces Setback as Appeals Court Validates HEX Token Manipulation

  • Ninth Circuit disagrees with district court, finds valid claims in HEX price manipulation case.
  • Binance.US and CoinMarketCap face renewed legal scrutiny after appeals court ruling.
Tuesday, 13/08/2024 | 07:13 GMT by Tareq Sikder
CryptoCurrency

Binance.US Lost Money Transmitter License in Seven US States

  • North Dakota has become the latest state to cancel the money transmitter license of Binance.US.
  • The exchange also paused new onboarding in Connecticut, Georgia, Ohio, Minnesota, and Washington.
Wednesday, 19/06/2024 | 07:06 GMT by Arnab Shome
Executives

Binance.US Enlists New York's Former Fed Compliance Chief for Board

  • Martin Grant has over three decades of regulatory experience.
  • He will oversee Binance.US' financial reporting processes and internal controls.
Tuesday, 16/04/2024 | 19:07 GMT by Jared Kirui
CryptoCurrency

Binance.US Reduced Two-Third of Its Staff amid 75% Revenue Loss

  • The SEC recently accused Binance.US of being “unable or unwilling” to answer the requests.
  • Following the SEC’s action, $1 billion in assets were drained from the platform.
Wednesday, 06/03/2024 | 07:58 GMT by Arnab Shome
News

Binance Faces Legal Showdown as Judge Questions SEC Lawsuit Dismissal Request

  • Last June, the SEC accused Binance's US arm of inflating volumes, diverting funds, and providing misleading information.
  • The firm settled for $4.3 billion with the DOJ and CFTC over illicit finance breaches last year.
Monday, 22/01/2024 | 17:42 GMT by Tareq Sikder
CryptoCurrency

Binance.US CEO Slams SEC's Approach to Digital Asset Regulation in Op-Ed

  • The CEO criticizes agency's shift from core principles.
  • He sees internal disagreements as a sign of broader challenges in the regulatory landscape.
Friday, 19/01/2024 | 16:56 GMT by Tareq Sikder
CryptoCurrency

Binance.US Distances Itself from Legal Turmoil Involving Global Exchange and Zhao

  • Zhao has resigned as Chairman of the Board of Directors at Binance.US.
  • A federal judge in the US has issued a ruling restricting Zhao from exiting the country.
Tuesday, 28/11/2023 | 20:37 GMT by Jared Kirui
CryptoCurrency

Binance's Market Share Slips: From 62% to 51% amidst Regulatory Pressure

  • Founder Changpeng Zhao lost $11.9 billion as the revenue estimate was slashed.
  • The turbulent path for Binance involves various regulatory challenges.
Friday, 27/10/2023 | 08:49 GMT by Tareq Sikder
CryptoCurrency

Binance.US Stops Direct Dollar Withdrawals amid Regulatory Pressure

  • Users must convert their USD to stablecoins or digital assets to withdraw funds.
  • Binance.US no longer offers FDIC insurance protection for USD deposits.
Tuesday, 17/10/2023 | 16:03 GMT by Jared Kirui
CryptoCurrency

SEC Continues Pursuit of Crypto Exchanges and DeFi Projects Violating Securities Laws

  • SEC's expands list of Investigations beyond Coinbase and Binance.
  • It shifts approaches from settlements to court battles.
Wednesday, 20/09/2023 | 09:29 GMT by Tareq Sikder
CryptoCurrency

Binance.US Clashes with SEC in Ongoing Probe: Denies Use of Ceffu

  • The SEC is investigating Binance’s custody (Ceffu) amid concerns over asset transfers.
  • Binance.US has denied using Ceffu or Binance Custody, contradicting prior claims.
Tuesday, 19/09/2023 | 19:15 GMT by Jared Kirui
CryptoCurrency

SEC Demands Extensive Probe into Binance.US: Asset Custody under Scrutiny

  • Binance's use of the custody platform Ceffu caused concerns about moving funds abroad.
  • Binance.US faces investigations over alleged suspicious asset custody services.
Monday, 18/09/2023 | 18:12 GMT by Jared Kirui
CryptoCurrency

Binance.US's Challenges Continue: Trading Activity Hits New Lows

  • Binance.US is facing a severe decline in trading activity in September 2023, hitting a low of $5.09 million.
  • Binance.US halted trading for over 100 token pairs following the SEC's lawsuit.
Monday, 18/09/2023 | 08:04 GMT by Tareq Sikder
CryptoCurrency

Binance.US Sees More Key Departures: Chief Risk Officer and Legal Head Exit

  • The crypto exchange is facing increased regulatory scrutiny.
  • This latest shake-up in leadership closely followed the exit of the CEO, Brian Shroder.
Thursday, 14/09/2023 | 20:26 GMT by Jared Kirui
CryptoCurrency

Binance Elevates Rachel Conlan to Chief Marketing Officer to Bolster Global Presence

  • Prior to her role, Conlan served as VP of Global Marketing.
  • She oversees marketing campaigns, including collaborations with prominent figures.
Wednesday, 13/09/2023 | 21:18 GMT by Jared Kirui
CryptoCurrency

Layoffs Continue at Binance.US: CEO Departs

  • Norman Reed assumes the interim CEO role at Binance.US.
  • The market share of the company shrinks amid regulatory challenges.
Wednesday, 13/09/2023 | 13:10 GMT by Tareq Sikder
CryptoCurrency

On-Ramp Services: Binance.US Taps MoonPay as New Payments Provider

  • Binance.US has made USDT its base after dropping USD.
  • The exchange’s users can purchase USDT with USD on Moonpay,
Wednesday, 23/08/2023 | 06:59 GMT by Arnab Shome
CryptoCurrency

Binance.US Fights Back: Motion for Protective Order Referred to Magistrate Judge

  • The crypto exchange is seeking a protective order against the SEC's 'fishing expedition'.
  • The regulator is demanding custody information from Binance.US.
Thursday, 17/08/2023 | 10:12 GMT by Jared Kirui
CryptoCurrency

Binance’s Zhao Pushed to Shutter US Exchange Ahead of Lawsuits

  • The board of the exchange reportedly had a vote on the proposal.
  • Binance declined to comment on the report.
Wednesday, 02/08/2023 | 08:49 GMT by Arnab Shome
CryptoCurrency

Binance Loses Top Executives amid Regulatory Challenges

  • The exchange's Chief Strategy Officer, Hillmann, is among those exiting the company.
  • Changpeng Zhao has dismissed the speculations around the departures.
Friday, 07/07/2023 | 09:36 GMT by Jared Kirui
CryptoCurrency

Binance’s Market Share Drops amid Regulatory Pressure

  • The market share of the exchange’s US affiliate declined the most.
  • That of the global exchange dropped to 52% in June.
Thursday, 06/07/2023 | 08:09 GMT by Jared Kirui
CryptoCurrency

Binance.US Reportedly Laid Off Dozens of Staff amid SEC Lawsuit

  • The laid-off staff belonged to the legal, compliance, and risk departments.
  • Earlier, Binance reportedly laid off 20 percent of its workforce.
Friday, 16/06/2023 | 06:35 GMT by Arnab Shome
CryptoCurrency

Binance.US and SEC Negotiate to Avoid Total Asset Freeze

  • The negotiations have been referred to a magistrate court.
  • A total asset freeze motion was filed by the SEC against the exchange.
Wednesday, 14/06/2023 | 15:27 GMT by Jared Kirui
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