Binance’s response to U.S. Senators lacks financial information: Report
Binance's Patrick Hillman answered a letter from United States Senators requesting information on Binance's operations in the country and its relationship with Binance.US.
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Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into…
Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC.
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
Binance custody partner clarifies Singapore licensing plans
Binance recently rebranded its custody arm, now called Ceffu, which launched in Singapore in November 2022.
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Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run
On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named…
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Binance US Refutes Reports Comparing It to Fraudulent Crypto Exchanges
Binance US has refuted reports that draw parallels between it and “fraudulent exchanges that have gone bankrupt.” The U.S.-based crypto trading platform stressed that “only Binance.US employees” have access to…
Binance moved $400M from Binance.US account to firm tied to CZ: Report
A Binance.US spokesperson reportedly said only the exchange’s employees had access to its accounts, seemingly including any at Silvergate Bank.
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Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit…
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Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce…