The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however. Observers should soon get a look at some of inaccessible documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed or redacted at…
Read more
BNB Chain, the Binance-backed decentralized blockchain network, has announced the launch of Opbnb, its expansion layer built using the Optimism OP stack. The new network allows users to enjoy low-fee transactions in a high-throughput, high-speed transactional layer optimized for interactive applications such as games, with the BNB Chain chain serving as a settlement layer.
…
Read more
SEC said in a court filing that Binance.US has produced only 220 documents during the discovery process many of which were “unintelligible screenshots and documents without dates or signatures.” The United States Securities and Exchange Commission (SEC) has accused Binance.US of non-cooperation in the ongoing investigation against the crypto exchange, according to a court filing…
Read more
Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs Binance US as Unit Eliminates Over 100 Positions The CEO of…
Read more
The Binance.US head of legal and the exchange’s chief risk officer have reportedly left the company while it faces an SEC suit. Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the…
Read more
75% of all fiat volume in Binance, the largest cryptocurrency exchange by client count, is dominated by the Turkish Lira (TRY). At this rate, Kaiko, a blockchain analytics firm, confirms that the Turkish Lira is the most preferred currency, pointing to a shift in the global dynamics, especially regarding crypto adoption. Turkish Lira Popular Fiat In Binance…
Read more
In the ongoing legal clash between Binance, the prominent cryptocurrency exchange, and the US Securities and Exchange Commission (SEC), a significant hearing date has been scheduled for two crucial motions. As per the recent court filing, Magistrate Judge Zia M. Faruqui has designated the hearing for Monday, September 18, at 1:00 PM ET…. Read More:…
Read more
Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange by trading volume Binance, said that Singapore’s approach to digital assets has become more “conservative,” particularly after the spectacular collapse of the now-defunct FTX exchange. The top crypto influencer spoke virtually at a conference in Singapore on Thursday, commenting on the city-state’s crypto-friendly yet cautious move…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: BNB Chain Developers Reveal Public Launch of opBNB’s Mainnet, Nansen Launches New AI-Powered Version, Ripple Will do 80% of Hiring This Year Outside the US Read more »Sign…
Read more
The staff cut and departure comes amid legal action from United States regulators. Binance.US, the United States arm of the crypto exchange has cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. A Binance.US spokesperson confirmed the layoffs and Shroder’s departure…
Read more
