binance

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The prestigious guest list made the event look more like a state visit than a ceremony for a non-binding stablecoin agreement that is exploratory in nature and doesn’t involve a major financial commitment. A group photo showed the 32-year-old son of Trump adviser Steve Witkoff flanked by Pakistani PM Shehbaz Sharif and Field Marshal Asim Munir.

binance founder Changpeng Zhao (CZ) has publicly questioned his Forbes rich list ranking, stating the $110 billion valuation is inaccurate given the sharp crypto price drops. He believes Forbes' methodology lacks common sense and logic, especially when comparing his estimated net worth to others like ByteDance's Zhang Yiming. CZ insists his wealth hasn't increased as reported.

A potent new iPhone hacking tool, Darksword, has been discovered by security researchers. This sophisticated exploit kit targets specific iOS versions, capable of stealing sensitive data like passwords, photos, and financial information. While Apple has patched the vulnerabilities in recent updates, users are urged to update their devices immediately for protection.

The largest global cryptocurrency exchange binance has appointed a new CEO, Richard Teng, for binance Singapore. Richard has worked as CEO of Financial Services Regulatory Authority in Abu Dhabi Global Market (ADGM) for six years.

binance, the world's largest cryptocurrency exchange, is facing legal and regulatory challenges from authorities worldwide. Accusations include violating anti-money laundering laws, facilitating illicit transactions, and evading taxes. binance's founder and former CEO, Changpeng Zhao, has stepped down and pleaded guilty to breaking US anti-money laundering laws as part of a $4.3 billion settlement. The crackdown on binance could impact the crypto industry, affecting liquidity, volatility, and investor confidence.

Changpeng Zhao, founder of binance, has pleaded guilty to money laundering charges and resigned as CEO. binance will forfeit $2.5 billion and pay a $1.8 billion fine, while Zhao will pay $50 million. Richard Teng will replace Zhao as CEO, and an independent compliance monitor will oversee binance's operations. Zhao will not be involved with binance for three years but will retain majority ownership. binance was sued by the SEC in June for operating illegally. The Justice Department stated that binance violated sanctions and conducted transactions without proper controls, resulting in nearly $900 million in sanctioned transactions.

binance has secured formal regulatory approval from Abu Dhabi's FSRA, allowing its global platform to operate through three regulated entities. This move signals a significant shift towards enhanced regulatory compliance and a more centralised corporate structure, with Abu Dhabi potentially serving as a key hub for global operations. The exchange is solidifying its presence in the UAE.

India's Financial Intelligence Unit fines binance $2.25 million for violating anti-money laundering regulations, as reported by Reuters.

The US affiliate of crypto giant binance said its chief executive, Brian Shroder, will leave and that it is cutting more than 100 jobs - roughly a third of headcount, underscoring the company's operational challenges after being sued by regulators. Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.

The world's largest crypto exchange binance and its CEO and founder Changpeng Zhao were sued by the US Securities and Exchange Commission on Monday for failing to restrict US customers from its platform and misleading investors about its market surveillance controls, as well as for operating an unregistered securities exchange.

Global crypto exchange binance's CEO Changpeng Zhao and WazirX founder Nischal Shetty have been having a war of words on Twitter over the past three days over ownership of WazirX. While the former says it does not own WazirX, the latter insists it does.

binance has refuted claims of involvement in the July 2024 WazirX hack, asserting no operational control over WazirX. The company clarified it never acquired or managed WazirX and is not liable for lost user funds. binance highlighted that Zanmai Labs operates WazirX and should be held accountable.

Global crypto exchange binance said it has ceased to support off-chain fund transfers between the WazirX Exchange and binance. In blockchain-based cryptocurrencies, off-chain transactions occur outside of the blockchain itself.

Global crypto exchange binance’s CEO Changpeng Zhao and WazirX founder Nischal Shetty have been having a war of words on Twitter over the past three days over ownership of WazirX. While the former says it does not own WazirX, the latter insists it does.

WazirX is transferring funds from binance to other wallets in order to continue operations. binance has been cutting off service to WazirX, alleging misleading claims from Zanmai Labs, the owner of WazirX. However, WazirX says its funds are safe and that users can continue to trade, deposit and withdraw funds as usual.

Changpeng Zhao, also known as CZ, is the founder and former CEO of binance, the world's largest cryptocurrency exchange. Born in China, Zhao moved to Canada and studied computer science at McGill University. He gained experience in the finance industry before entering the world of cryptocurrency. Under his leadership, binance grew rapidly but faced challenges such as regulatory scrutiny and security issues. He recently stepped down as CEO and pleaded guilty to breaking US anti-money laundering laws.

Global crypto exchange binance on Monday said it is closing off-chain fund transfers with WazirX which is facing probe for outward remittance of crypto assets worth Rs 2,790 crore to unknown wallets.