Crypto Exchange

December 19, 2023

US court approves settlement against Binance, firm to pay $2.7B to CFTC

Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.   […]
December 18, 2023

FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day. […]

SEC accused of ‘gaslighting’ in Coinbase rulemaking dispute

Pro-XRP lawyer John Deaton said that the SEC’s stance in the Coinbase rulemaking dispute directly opposes the SEC chair’s statements during his congressional testimony earlier in […]
December 14, 2023

Philippines SEC begins Binance ban countdown

The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from […]

Binance, crypto firms optimistic about UAE amid potential US regulatory shift

Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.   Cryptocurrency firms in the United […]
December 13, 2023

SEC wants Binance guilt admission added to own case

Binance said the SEC hasn’t demonstrated that the resolutions reached with the DOJ are pertinent to the regulator’s “faulty claims” against Binance Holdings and former CEO […]
December 12, 2023

IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX

FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill.   The bankrupt cryptocurrency exchange FTX […]
December 11, 2023

Crypto exchange HTX sees outflows top $258M following exploit

The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November.   Crypto investors have been withdrawing their assets […]
December 08, 2023

Binance says decision to pull Abu Dhabi licensing bid unrelated to US settlement

Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the United States in November, may not be able to return to the […]

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