The lawmakers believe only they can ensure transparency during the investigation A group of Democratic senators is pressing for oversight of a reported Justice Department investigation into alleged sanctions violations by Binance. Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego said they want to ensure the DOJ conducts a thorough inquiry and holds the
Gregory transitioned into his new role on March 9, replacing former CEO Norman Reed Binance.US has appointed Stephen Gregory as its new CEO, marking a leadership shift as the exchange aims to strengthen its presence in the US. Gregory officially took over on March 9, with former CEO Norman Reed moving into an advisory role.
The company could face additional regulatory or legal actions Binance is under scrutiny from the US Senate over claims it handled transactions linked to sanctioned entities in Iran and Russia. The investigation was triggered by reports suggesting the crypto exchange processed roughly $1.7 billion in transfers tied to Iranian government-affiliated organizations and Russian oil operators
The crypto exchange’s latest success extends its reach in the Middle East Binance has secured three new financial licenses in Abu Dhabi, giving the company approval to operate exchange, clearing, and broker-dealer services under the Financial Services Regulatory Authority (FSRA). The licenses were granted to Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest
The exchange is launching predict.fun, a platform built on BNB Chain by a former Binance employee Binance founder Changpeng “CZ” Zhao is drawing new attention to prediction markets after spotlighting predict.fun, a platform built on BNB Chain by a former Binance employee. The site allows users to wager on outcomes while earning yield on the
Binance is trying to stabilize its structure while continuing to evolve in the market Binance has expanded its leadership team by naming co-founder Yi He as the company’s new co-CEO, placing her alongside current chief executive Richard Teng. The announcement was made during Binance Blockchain Week, where Teng emphasized that Yi He has been central
Rep. Ro Khanna of California sees a conflict of interest that she wants to avoid A US lawmaker has aimed at barring President Donald Trump, his family, and members of Congress from trading cryptocurrency or stocks. Rep. Ro Khanna of California made the announcement during an interview on MSNBC, expressing concern over what he described
Changpeng Zhao has been released following the President’s intervention President Donald Trump granted a full pardon to Binance founder Changpeng Zhao on Wednesday, marking a dramatic turn in one of the most high-profile crypto-related cases in US history. The announcement came through White House Press Secretary Karoline Leavitt, who said the decision aimed to correct
The company hopes the gesture will help restore faith in the crypto industry Binance has announced a $400 million relief initiative aimed at supporting traders affected by last week’s sharp cryptocurrency market downturn. The exchange said the move is part of broader efforts to restore confidence in the industry, though it emphasized that it is
Changpeng “CZ” Zhao could be freed from charges of having violated US banking laws Reports from Washington suggest that President Donald Trump is considering granting a pardon to Binance co-founder Changpeng “CZ” Zhao, less than a year after the crypto executive served four months in prison for violating US banking laws. Sources cited by journalist
The cyberattack led to a loss of confidence and the potential for lost cryptocurrency The official X account of the BNB Chain blockchain was briefly taken over on Wednesday, leading to the posting of multiple phishing links aimed at stealing funds from unsuspecting users. With nearly four million followers, the account posed a major target
Binance’s native token is one of the largest cryptocurrencies by market capitalization VanEck has submitted a new proposal to US regulators to launch an exchange-traded fund (ETF) focused on BNB, the native token of Binance’s BNB Chain. If approved, this would mark the first time a BNB-based ETF is introduced in the US. The fund
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