Binance, one of the leading cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its global headquarters. The newly appointed CEO, Richard Teng, recently declined to disclose the location to the Financial Times, carrying forward the company’s tradition of presenting itself as a global entity. This refusal to reveal vital information
Exchanges
Binance, one of the leading cryptocurrency exchanges, has recently announced the expansion of its free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin. This move comes as part of Binance’s ongoing efforts to encourage its users to embrace the FDUSD stablecoin. The new trading pairs include popular
In response to the charges brought by the U.S. Securities Exchange Commission (SEC), Kraken, a prominent digital asset exchange, is determined to fight and address the complaint in court. According to Marco Santori, the Chief Legal Officer (CLO) of Kraken, the SEC’s allegations are baseless and lack substance. Speaking in an interview with CNBC, Santori
Today marks the highly-anticipated launch of Robinhood’s brokerage services in the United Kingdom (UK). This expansion represents a significant milestone for Robinhood, as it marks the company’s first venture beyond the confines of the United States. The UK customers will now have access to a wide range of investment opportunities, including over 6,000 U.S.-listed stocks
The Philippines Securities and Exchange Commission (SEC) recently issued a cautionary advisory shedding light on Binance’s operations within the country. In the announcement made on November 28th, the regulator expressed concerns, stating, “Binance is not registered as a corporation in the Philippines and operates without the necessary license and/or authority.” While the SEC acknowledged Binance’s
Coinbase, one of the leading cryptocurrency exchanges, recently disclosed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). In an email sent to its users, Coinbase revealed that it has been requested to provide information about its users’ accounts and transaction activity. However, the email lacks detailed information about the nature
The digital asset investment market has experienced a remarkable influx of capital in recent weeks, with a total of $346 million pouring into investment products, according to the latest data from CoinShares. This surge in inflows marks a pivotal moment reminiscent of the bullish enthusiasm observed in late 2021. The report also reveals that the
In a recent announcement, Justin Sun, a prominent representative for the crypto exchanges HTX and Poloniex, revealed plans to reward users and cover losses resulting from hacker attacks. This move comes as both exchanges approach the reopening of deposit and withdrawal services. According to Sun’s statement, an “epic airdrop” will be initiated for users with
Former Binance CEO, Changpeng Zhao, faced a brief restriction on his social media profile on X after stepping down from his executive position. For a short period on November 23, attempts to access Zhao’s X profile resulted in a standard restricted account message. The message warned viewers that the account was temporarily restricted due to
The U.S. Department of Justice (US DOJ) has taken action to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States prior to his sentencing. This decision comes in the wake of Binance and CZ admitting guilt in a case involving Bank Secrecy Act violations. As part of the settlement,
