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Binance.US prepares for SEC inspection of its tech systems

Binance.US

In the latest development of the legal proceedings between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency giants Binance, Binance.US, and their co-founder Changpeng ‘CZ’ Zhao, both parties have displayed a collaborative stance in the ongoing case. A joint status report recently submitted to the court indicates that Binance and its U.S. counterpart are […]

Flutterwave expands executive team, welcoming talent from Cash App, PayPal, and Binance.US

Flutterwave Expands Executive Team, Welcoming Talent from Cash App, PayPal, and Binance.US

Flutterwave, a leading African fintech company, has appointed six new executives. These individuals, recruited from prominent financial firms such as Binance.US, Cash App, PayPal, and Western Union, bring a wealth of experience. This announcement follows the departure of three senior finance executives in November. CEO Gbenga Agboola emphasized the value of these appointments in driving […]

CZ resigns as Binance.US chairman

CZ resigns as Binance.US chairman

Changpeng Zhao, popularly known as CZ, has stepped down from his position as chairman of Binance.US. This decision marks a pivotal shift in the governance of one of the most influential crypto exchanges in the United States. Binance.US, established as a separate entity to cater specifically to American traders, has been quick to underline its […]

Judge denies Binance and SEC privacy in legal battle

SEC Faces critical deadline in controversial DEBT Box investigation

In a significant development in the legal tussle between the renowned cryptocurrency exchange Binance and the U.S. Securities and Exchange Commission (SEC), Judge Amy Berman Jackson has ruled against granting a protective order sought jointly by both parties. This order, had it been approved, would have restricted the public disclosure of critical documents and data […]

Binance.US completes Flare token airdrop for XRP holders

Binance.US exchange volume plummets hard

Binance.US, a prominent cryptocurrency exchange, finalized its Flare (FLR) token airdrop distribution, exciting eligible XRP holders. On October 25, 2023, the exchange disseminated the FLR tokens, fulfilling commitments from a December 2020 snapshot. The momentous completion occurred at 10 a.m. EDT, marking the end of a prolonged anticipation within the crypto community. Eligible participants in […]

Binance.US halts direct dollar withdrawals amid regulatory scrutiny

Binance.US Halts Direct Dollar Withdrawals Amid Regulatory Scrutiny

Binance.US, the American subsidiary of the global cryptocurrency exchange, has updated its terms of service. Consequently, users can no longer withdraw U.S. dollars directly from the platform. Effective immediately, customers wishing to withdraw must first convert U.S. dollar funds to stablecoins or other digital assets. These assets can then be withdrawn, thus introducing an extra […]

Binance.US eyes SUI token for imminent listing — what you need to know

Binance.US eyes SUI for imminent listing — what you need to know

Binance.US has refined its digital asset listing procedure. The main objective here is crystal-clear transparency. The updated approach allows Binance.US to announce specific assets it is contemplating for listing publicly. By doing so, the platform aims to grant its users and the broader crypto community an early look into potential new listings. According to the […]

CZ Zhao defends Binance.US amidst SEC’s ‘Ceffu’ controversy

JasperArt 2023 09 20 01.40.14 upscaled

Tensions are rising in the Securities and Exchange Commission (SEC) and crypto exchange Binance. The Allegations is that Binance.US, a subsidiary of the global entity, exposed customers to potential foreign business risks through a supposedly affiliated custody unit. Binance’s charismatic CEO, Changpeng “CZ” Zhao, doesn’t mince words. Responding to the claims, he fervently clarified that […]

Binance.US exchange volume plummets hard

Binance.US exchange volume plummets hard

Binance.US is plummeting, and it’s hard not to notice. This once-thriving hub of crypto activity has nosedived to depths that would give any investor palpitations. Diving into the figures, the September stats for Binance.US look bleak. On September 16th, a mere $5.09 million was traded on the platform—a far cry from the staggering $230 million […]

SEC’s motion to unseal documents in the lawsuit with Binance US approved

SEC accused of inaction over Coinbase's rulemaking petition

In a recent development, a district judge has approved the Securities and Exchange Commission’s (SEC) motion to unseal documents related to its lawsuit against Binance US. These documents, originally filed under seal in August, were limited in access, and only available to the attorneys involved in the lawsuit. However, the agency took steps to make […]

SEC accuses Binance.US of non-cooperation in ongoing investigation

Binance.US eyes SUI for imminent listing — what you need to know

The United States Securities and Exchange Commission (SEC) has raised concerns about Binance.US’s lack of cooperation in the ongoing investigation into the cryptocurrency exchange. In a court filing dated September 14, the SEC criticized Binance.US’s holding company, BAM, for its limited document production and unresponsive behavior. SEC’s frustration with document production The SEC expressed its […]

Binance’s chief risk officer and legal head step down

Binance SEC

Binance, the renowned crypto exchange, has seen a whirlwind of executive exits as regulatory storms intensify on its U.S. arm. The latest shockwave? The departure of their Chief Risk Officer (CRO) and the Head of Legal. And if these seismic shifts within the company’s foundations are any indication, Binance may be facing unprecedented challenges ahead. […]

Binance.US CEO Brian Shroder resigns — The full story

Binance.US CEO resigns — The full story

The storm clouds hanging over Binance.US, the renowned American subsidiary of the global crypto behemoth, have darkened. The company has recently culled about a third of its workforce, equating to a staggering 100 jobs. Adding to this grim tally is the surprising exit of its President and CEO, Brian Shroder. Now, let’s pull back the […]

Binance.US pushes back against SEC’s “unreasonable” deposition requests: Details

Binance.US Pushes Back Against SEC's Unreasonable Deposition Requests

In a recent legal development that has caught the attention of the cryptocurrency community, Binance.US has vehemently opposed the U.S. Securities and Exchange Commission’s (SEC) motion to compel further details from the exchange.  Attorneys for BAM Trading Services, the entity that operates Binance.US, filed sealed documents on September 12, arguing that the SEC’s requests for […]

Binance.US partners with MoonPay to reintroduce USD transactions through Tether

Binance.US

Binance.US, after transitioning to a crypto-only platform two months ago, has announced a partnership with crypto payments firm MoonPay. This collaboration will allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform, effectively reintroducing USD transactions. The partnership with MoonPay provides a path for users to transact in USD, adopting […]

Binance.US lists Ripple’s XRP token following court ruling

Binance

Binance.US, the U.S. subsidiary of the world’s largest crypto exchange by volume, Binance, has announced the relisting of Ripple’s XRP token in a significant development for the cryptocurrency market. Also, this decision comes on the heels of a recent U.S. federal court ruling that deemed the secondary sales of XRP on exchanges as non-securities. Binance.US […]

Binance.US market share slides amid ongoing regulatory lawsuit

Binance

United States-based cryptocurrency exchange Binance.US has experienced a significant decline in its market share, reportedly dropping more than 20% due to an ongoing lawsuit filed by federal financial regulators. Data from Kaiko, cited in a July 5 report by Reuters, reveals that Binance.US’s market share in the U.S. decreased from over 22% in April to […]

SEC-Binance.US deal gets green light from court

Binance SEC

Following tense negotiations and legal proceedings, the United States-based operations of cryptocurrency exchange giant, Binance, have finally received some much-needed respite. A ruling by U.S. Judge Amy Berman Jackson on June 17 saw the approval of an agreement between Binance.US, Binance, and the Securities and Exchange Commission (SEC). This critical decision dismissed an erstwhile Temporary […]

Binance.US challenges SEC’s proposed restraining order, citing potential closure

Binance SEC

Binance.US has filed a request with the U.S. District Court to deny the proposed temporary restraining order by the Securities and Exchange Commission (SEC). Binance.US argues that implementing the order would effectively lead to the closure of BAM Trading Services Inc., the entity behind Binance. US. The SEC’s emergency motion for the restraining order is […]

Binance.US market depth drops by 78% amid SEC lawsuit: what comes next?

Binance.US

The US has seen a shocking 78% loss in market depth across the top 25 crypto assets after the Securities and Exchange Commission announced its lawsuit against Binance.US and CEO Changpeng Zhao on June 5. This court struggle has sent shockwaves across the crypto sector, leaving investors and traders wondering about the future of Binance.US […]

Binance.US suspends USD deposits following SEC pressures

Binance.US Halts Direct Dollar Withdrawals Amid Regulatory Scrutiny

Binance.US, the American arm of the leading cryptocurrency exchange Binance, has announced its transition to an all-crypto exchange, effective June 13. The move comes as the company faces mounting pressures from the U.S. Securities and Exchange Commission (SEC) following a major enforcement action taken against it earlier this week. In response to the regulatory scrutiny, […]

Here is everything the SEC has on Binance.US -Is the ex-CEO a sell-out?

Binance.US

The former CEO of Binance.US, Catherine Coley, testified in the US Securities and Exchange Commission (SEC) case against crypto exchange Binance, which provides information about the exchange’s activities. Investors in crypto are steadfast despite the regulatory moves as bitcoin recovers. According to the entity’s US arm over 100 over-the-counter trading pairs will also be discontinued. […]

Binance.US addresses SEC motion amid assets freeze concerns

Binance

Cryptocurrency exchange Binance.US has moved to reassure its users after the U.S. Securities and Exchange Commission (SEC) filed an emergency motion seeking to freeze its assets. In a recent tweet, Binance.US emphasized that user assets remain secure and the platform continues to operate normally with deposits and withdrawals functioning without disruption. Binance.US allays fears about […]

What exactly does the SEC claim CZ did with BinanceUS?

Crypto giant BinanceUS controlled independent U S affiliate’s bank

With over $2.2 billion of U.S. customer assets under scrutiny, BinanceUS and its founder, Changpeng Zhao, face allegations by federal regulators who believe these funds are under “significant risk” of misappropriation. The U.S. Securities and Exchange Commission (SEC) voiced its concerns and accusations in a recent legal filing, stating that immediate action must be taken […]

SEC requests asset freeze on Binance.US amidst lawsuit alleging compliance failures

SEC cracks down on Utah-based DEBT Box in crypto fraud scheme, freezing $50 million in assets

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Binance.US, Binance Global, and Binance CEO Changpeng Zhao, filing a lawsuit that alleges a range of compliance and control failures. In a court filing on Tuesday, the SEC requested a temporary restraining order to freeze assets tied to BAM Management US Holdings and […]

Binance’s power play with Binance.US exposed

Crypto giant BinanceUS controlled independent U S affiliate’s bank

The labyrinthine relationship between the colossal cryptocurrency exchange, Binance, and its ostensibly separate U.S. affiliate, Binance.US, has come under renewed scrutiny, with new evidence demonstrating the tight control the crypto exchange has exerted over its U.S. counterpart. Banking documents from 2019 and 2020 indicate that a senior executive from Binance, Guangying Chen, wielded authority over […]

Binance U.S. founder CZ explores stake reduction amidst regulatory scrutiny

Crypto executives in U.S. regulators' spotlight - Who's next?

In response to the rigorous regulatory environment in the United States, Binance U.S. and its founder, Changpeng Zhao (CZ), are actively exploring options to reduce CZ’s stake within the exchange platform. Since last summer, Changpeng, the CEO of Binance, the world’s leading cryptocurrency exchange platform, has been actively looking to sell some of his Binance […]

Binance.US terminates Voyager asset purchase agreement amid regulatory concern

Binance.US Terminates Voyager Asset Purchase Agreement Amid Regulatory Concerns

Voyager revealed on Twitter that Binance.US has decided to terminate its asset purchase agreement, a development that comes after the US government approved the $1 billion acquisition deal by the American branch of the crypto exchange. Voyager disclosed that they received a letter confirming the termination and subsequently commented on the situation, saying their Chapter […]

Voyager’s $1B deal with Binance.US gets the green light from Fed

Voyager Digital

Voyager Digital Holdings, a defunct crypto lender, has reached an agreement with the U.S. federal government that allows it to transfer its assets to Binance’s U.S. subsidiary for $1 billion. The approval comes three weeks after District Judge Jennifer Rearden temporarily halted the $1 billion agreement. To avoid undue delay, she stated she would expedite […]

US Government halts $1 billion sale of Voyager Digital to Binance.US

Binance.US Terminates Voyager Asset Purchase Agreement Amid Regulatory Concerns

On March 27, Judge Jennifer Rearden of the U.S. District Court in New York granted the U.S. government’s request for an emergency stay on Voyager Digital’s proposed $1 billion sale to Binance.US. As a result, the potential transaction has been temporarily halted until a decision is made on the Department of Justice’s appeal against Voyager […]

U.S. DOJ takes on Binance over Voyager acquisition

U.S. DOJ takes on Binance over Voyager acquisition

The U.S. Department of Justice (DOJ) has filed an appeal challenging a bankruptcy judge’s approval of Binance.US’s proposed acquisition of Voyager Digital assets. The appeal comes just one day after Judge Michael Wiles approved the deal following a four-day-long marathon hearing. However, regulators, including the SEC and various state regulators, have been opposed to the […]

Judge approves Binance.US acquisition of Voyager Digital

Binance.US Halts Direct Dollar Withdrawals Amid Regulatory Scrutiny

Binance.US has cleared a major hurdle in its bid to acquire the assets of bankrupt crypto lender Voyager Digital in a deal valued at over $1 billion, following an overruling by Michael Wiles, a bankruptcy judge of the Southern District of New York. Even though the case still requires a confirmation order, the judge favored […]

97% of Voyager account holders want Binance.US to acquire the firm’s assets

binance

A move by Binance.US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers. The plan calls for Binance.US to acquire up to $25 million in cryptocurrency-related assets, including Voyager’s cash, fiat, and digital tokens. Voyager account holders with claims against the troubled crypto lender […]

New York regulators oppose Binance.US billion-dollar acquisition of Voyager’s assets

New York regulators oppose Binance.US's billion-dollar acquisition of Voyager's assets

Binance.US’s proposed $1.02 billion purchase of assets from defunct crypto lender Voyager has been met with opposition from New York and Federal finance regulators. In a February 22 filing, they argued the deal might violate discrimination and unlawful laws. This follows recent SEC investigations into unregistered securities sales that caused Kraken to cease its crypto-staking […]

Binance.US launches affiliate marketing program days after Coinbase closed its division

Binance.US

Binance has emerged as a White Walker in the space in the last few months, effortlessly surviving the crypto winter. The official Binance blog announced the launch of its affiliate marketing program. Binance.US, an American spinoff of cryptocurrency exchange giant Binance, is ecstatic over the debut of its affiliate sponsorship program. The launch comes on […]

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