Bitcoin and BNB Recover as Binance Plea Seen Boosting Spot ETF Odds
Some observers believe Binance’s downfall has boosted the spot-ETF approval odds.
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Bitcoin and BNB Token Stage Relief Rallies on Binance Settlement News
Crypto exchange Binance could reportedly soon be paying $4 billion to settle multiple U.S. criminal charges.
Binance in Talks to Pay More Than $4B to End U.S. Criminal Case; CZ Could Still Face Charges: Bloomberg
A resolution could come as soon as the end of this month, Bloomberg reports.
BNB Token Stumbles to 1-Year Low Amid Mounting Scrutiny Over Binance
BNB, formerly known as Binance Coin, dropped to as low as $204, lowest since late June 2022.
Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor
The price of bitcoin (BTC) and Binance’s BNB token immediately fell following the report.
Binance Feels Strain of World’s Regulators Leaping Into Action
Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company.
Binance CEO ‘CZ’ Brushes Off News of Top Executive Departures
Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over its handling of DOJ investigations.
Poly Network Attacker Issues ‘Worthless’ Billions in SHIB, BNB, BUSD in Latest Crypto Hack
An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions.
Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog
The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.
SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations
Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.