Category: Binance

Binance, U.S. Affiliate, Changpeng ‘CZ’ Zhao File to Dismiss SEC Lawsuit

September 21, 2023CryptoLeave a Comment

“Indeed, since 2019, Congress has considered more than a dozen proposals that would provide a coherent and workable framework for crypto assets and their trading platforms,” the filing said. “Critically, none of those proposals would confer sole regulatory jurisdiction over the crypto industry to the SEC. Despite this, the SEC now seeks to expand its […]

Judge Makes No Ruling in SEC-Binance Document Dispute

September 18, 2023CryptoLeave a Comment

Rather, Magistrate Judge Zia Faruqui urged the two parties to work on the various discovery requests together, asking the SEC to narrow its request for information but allowing it to depose certain shard holders to establish whether Binance.US’s funds are safe. The crypto exchange, a branch of the global Binance entity, should share more information […]

U.S. SEC Rips Into Binance.US Over ‘Shaky’ Client Asset Custody, Ties to Ceffu

September 18, 2023CryptoLeave a Comment

In June, the watchdog sued Binance.US, the exchange’s global parent Binance Holdings and founder Changpeng “CZ” Zhao, alleging they ran an unlicensed securities exchange. The SEC’s findings in the case so far demonstrate “the urgent need for an inspection,” Monday’s filing said, as the regulator restated its worries about Binance’s use of custody platform Ceffu.

Binance Says SEC’s Request for Depositions is ‘Overbroad’ and 'Unduly Burdensome'

September 12, 2023CryptoLeave a Comment

Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted.

Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange, Experts Say

August 25, 2023CryptoLeave a Comment

However, the move is unlikely to hurt the crypto exchange’s market share, given its extensive global footprint. “It’s difficult to assess the impact of this on Binance, which is still a leading exchange from a liquidity point of view,” Weisberger said. “Until that changes, people will continue to trade there,” he added.

Curve Finance’s CRV Gets Plunge Protection on Binance

August 2, 2023CryptoLeave a Comment

“Market makers tend to pull orders to avoid getting caught in an unfavorable price swing,” Medalie told CoinDesk. “That is why liquidity disappeared on order books during big market events, such as the March banking crisis or FTX collapse,” she continued. “Right after the Curve exploit, we saw the opposite trend, with liquidity being added […]

Binance Nearly Shuttered U.S. Exchange to Protect Global Operations: The Information

August 1, 2023CryptoLeave a Comment

As investigations loomed, the board of directors of Binance.US voted on whether to liquidate the company but could not come to a unanimous decision, The Information reported.

Binance Says It Intends to File Motion to Dismiss CFTC Complaint

July 24, 2023CryptoLeave a Comment

Binance’s response to the CFTC’s complaint is due later this week, on July 27. The filing did not specify Binance’s argument, only that it is requesting to exceed the standard 15-page limit due to the complexity of the case. According to the filing, Lim also intends to file a separate Motion to Dismiss.

Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore

June 17, 2023CryptoLeave a Comment

Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.

Binance Under Investigation in France, Accused of ‘Serious’ Money Laundering: Report

June 16, 2023CryptoLeave a Comment

Allegations against Binance from French prosecutors “relates on the one hand to acts of illegal exercise” of operating as a digital asset service provider and “acts of aggravated money laundering, by competition with operations of investments, concealment, conversion, the latter being carried out by perpetrators of offenses having generated profits,” the Paris’ public prosecution office […]