Despite the legal challenges he faces today, Binance founder and former CEO Changpeng Zhao experienced the best financial period in his history. During the year 2023, its wealth has increased by approximately $25 billion.
According to Bloomberg's Multi-Billionaire Index, Zhao ranks 35th among the…
Read More...
Browsing Tag
Binance
Binance will close its operations with Russian rubles
In a statement, the international exchange with the largest volume of transactions, Binance, announced the cessation of person-to-person (P2P) transactions involving payments in Russian rubles, as well as the suspension of deposits in that…
Cristiano Ronaldo would be in legal trouble for promotion of crypto exchange
In a legal action filed Nov. 27 in a U.S. district court in Florida, soccer star Cristiano Ronaldo finds himself at the center of a class-action lawsuit. The plaintiffs allege that Ronaldo was actively involved in the offer and sale of…
Binance allegedly operating without a license in the Philippines
In a recent statement, the Philippine Securities and Exchange Commission (SEC) reveals that Binance, the renowned cryptocurrency exchange, has been operating in the country without proper regulatory approval. Issued on November 28, the…
Kraken founder assures that actions against Binance are positive
In a statement on X, Jesse Powell, co-founder of Kraken, expressed his satisfaction with the results of the investigation into Binance. He highlighted the importance of visionaries and shareholders with a long-term focus in the world of…
Changpeng Zhao had to pay a million-dollar bail
In a surprising turn, former Binance CEO Changpeng Zhao has resigned from the position and agreed to post a personal recognizance bond in the hefty sum of $175 million. This decision comes after pleading guilty to criminal charges in the…
Changpeng Zhao resigns as CEO of Binance
Binance CEO Changpeng Zhao agreed with the Treasury Department and the US Commodity Futures Trading Commission to resign and plead guilty to several crimes.
According to The Wall Street Journal, the agreement between the parties “includes…
Binance prepares to leave Russia
The Binance cryptocurrency exchange is preparing to leave Russian territory, so this Friday it issued a statement to its clients warning that it will no longer accept deposits in the local currency, the Russian ruble (RUB).
The statement…
Argentina could become Binance’s new market
The cryptocurrency market in Argentina could soon have a new provider, Binance, which is seeking approval to enter the South American country.
In recent statements to local media Télam, the exchange's regional vice president for Latin…
Binance can now operate in Europe
In a strategic turn, the Binance cryptocurrency exchange announced the incorporation of new partners in charge of managing deposit and withdrawal transactions in euros. This decision comes months after the dissolution of its former fiat…
Brazil will file charges against Binance CEO
A Brazilian congressional committee recommended that local authorities file charges against Binance CEO Changpeng "CZ" and three other Binance executives following an investigation into financial pyramid schemes in Brazil.
On October 10,…
Binance officially quits Russian market
The leading global cryptocurrency platform, Binance, made public its withdrawal from the Russian market and the transfer of its operations in the country to the Russian firm CommEX. This process is projected to take approximately one year.…