Key Takeaways A U.S. federal judge has ordered the transfer of a lawsuit against Binance to Florida, citing substantial overlap with a prior case already filed in that district. The decision, issued April 21 by U.S. District Judge Barbara Rothstein,…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) and Binance have jointly requested a second 60-day pause in their legal proceedings, citing continued discussions that could lead to a resolution. The request, filed on April 11 with the U.S.…
Key Takeaways Binance co-founder Changpeng Zhao (CZ) has announced a donation of 1,000 BNB, valued at approximately $500,000, for disaster relief in Thailand and Myanmar following a 7.7-magnitude earthquake. The funds will be split equally between the two countries, with…
Key Takeaways Leading crypto exchange, Binance is currently facing a probe by French authorities on allegations of money laundering, tax fraud, and other illicit activities spanning from 2019 to 2024. As per a Reuters report the probe, initiated by the…
Key Takeaways Malaysia is taking steps toward developing a crypto regulatory framework. Prime Minister Datuk Seri Anwar Ibrahim recently engaged in discussions with officials from Abu Dhabi and Changpeng “CZ” Zhao, the founder of Binance, one of the world’s largest…
Key Takeaways World’s largest crypto exchange, Binance, has obtained a regulatory approval from the Central Bank of Brazil. This allows Binance to acquire the São Paulo-based financial institution Sim;paul, granting the exchange licenses to distribute securities and issue electronic money.…
Key Takeaways The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, alleging that the company misclassified over 500 retail investors as wholesale clients. The regulator stated that the misclassification denied the investors key consumer…
Key Takeaways Mark Longo, the creator of Peanut the Squirrel, has filed a lawsuit against Binance, alleging unauthorized use of his intellectual property. Longo claims Binance used Peanut’s branding and imagery to promote the PNUT token without permission. In a…
Key Takeaways Leading crypto exchange, Binance, is set to significantly boost its compliance efforts, planning to expand its compliance team by 34% by the end of 2024. This move will increase the company’s full-time compliance staff to 645, with a…
Key Takeaways Leading crypto exchange Binance has filed a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) amended complaint, which includes new claims targeting specific cryptocurrencies. On November 4, Binance and its former CEO Changpeng “CZ” Zhao submitted…
