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The Latest Breaking News from Binance

Binance Exits Russia Amid Sanctions Probe, Sells Operations To CommEX

Crypto exchange Binance sells entire Russian operations to newly formed exchange CommEX after facing sanctions probe.

Zenger

The story behind FTX's Sam Bankman-Fried

The former CEO of FTX, once one of the largest cryptocurrency exchanges, now faces up to 115 years in prison.

The Street

Binance sells Russian operation to crypto exchange that officially launched hours prior to announced deal

CommEX, which hasn't publicly disclosed information about its CEO or where it's registered, agreed to purchase Binance’s Russian entity.

Fortune

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Several hundred Wagner fighters return to eastern Ukraine, Kyiv says

Several hundred members of Russia’s Wagner private mercenary group have returned to eastern Ukraine to fight but are not having a significant impact on the battlefield, a Ukrainian military spokesperson said on Wednesday. Wagner fighters played an important role in Russia’s capture of the eastern city of Bakhmut in May…

France 24

Coinbase pursued FTX Europe acquisition as it looked to expand its overseas derivatives business

The FTX entity owns a key regulatory license in the European market.

Fortune

City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms

Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US

The Guardian - UK

Key legal and risk executives leaving Binance.US in wake of CEO stepping down, massive layoffs

Binance.US CEO Brian Shroder stepped down earlier this week.

Fortune

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Binance.US CEO departs and 100 employees are laid off amid clashes with regulators

The company has shuffled through three CEOs in just five years.

Fortune

Bitcoin, Ethereum, Dogecoin Spike After JPMorgan Enters Blockchain Deposit Tokens

Major cryptocurrencies surged on Friday

Zenger

Sen. Hagerty says ‘terrible environment’ is forcing crypto companies ‘to look overseas’ and calls for more oversight hearings with SEC’s Gensler

The likelihood of digital asset legislation has diminished in the wake of FTX’s collapse.

Fortune

MPs' report ignores track record of crypto boosterism

The government's inquiry into cryptocurrencies is based on hype and wish fulfilment rather than the proven track record of crypto and web3, argues Dr Olivier Jutel

Newsroom.co.nz

Bitcoin has only 6 billionaires in the entire world, report reveals

"It could be worth holding onto the crypto you have in case it ramps up one day—but don’t bet on it."

Fortune

Visa to send stablecoin USDC over Solana to help pay merchants in crypto

The payments giant had previously only accepted payments in USDC.

Fortune

Looking For Winners As Market Pulls Back? Google Stock Leads 5 Near Buy Points.

Google is holding in a buy range, leading several stocks showing relative strength amid a market correction.

Investors Business Daily

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Fortune

Binance says intel shared with authorities led to capture of senior ISIS members in Asia

Binance says it worked with crypto forensics firm TRM and the National Bank of Tajikistan to identify members of the terrorist cell.

Fortune

Mastercard to end prepaid crypto card program with Binance after calling partnership ‘exciting step in our crypto journey’

The breakup follows two lawsuits from the U.S. federal government against the world’s largest crypto exchange.

Fortune

Beware of pig butchering. Romance and investment crypto scams are on the rise, says Binance

How to watch out for the growing scheme.

Fortune

Binance claims it adheres to Western sanctions in Russia. At least 5 blacklisted lenders are still processing payments for the exchange

The exchange is also reportedly in the midst of an investigation from the Justice Department.

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Zenger

Crypto Used To Launder Nearly Half Of Financial Scam Proceeds In Australia: Report

Cryptocurrency platforms in Australia are reportedly being used to launder nearly half of the proceeds from financial scams

WEKU

The future of crypto hinges on a fight between the SEC and a former burger flipper

A looming courtroom battle between the largest cryptocurrency exchange and the world's most powerful regulator promises to shape the future of crypto.

Fortune

How fast are Binance revenues falling? New trading data offers critical clues about the health of the crypto empire and its $37 billion coin

The double hit from legal crackdowns targeting Binance and steep drop in overall trading of digital currencies has hammered the exchange’s volumes.

Fortune

SEC will seek to appeal the landmark Ripple decision on whether XRP is a security

The agency is pushing back on a judge's ruling that programmatic sales of XRP did not represent a securities sale.

Fortune

Binance becomes fully licensed in El Salvador, where 'Philosopher King' Bukele pushed to make Bitcoin legal tender in 2021

Binance and El Salvador are each fighting their own crypto-related battles.

Fortune

$33 billion startup Revolut cites ‘evolving regulatory environment’ in decision to end crypto service to U.S. customers

The decision follows the fintech firm's delisting of three tokens the SEC claimed were unregistered securities in its lawsuits against Binance and Coinbase.

Fortune

Crypto.com was among dozens of potential suitors for FTX Europe. But the bankruptcy estate isn't selling it

A $320 million lawsuit from the failed crypto exchange is more complicated than it first appears.

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