For years, the cryptocurrency exchange Binance has kept the location of its global headquarters shrouded in secrecy. Richard Teng, the newly appointed CEO, recently reinforced this tradition by declining to disclose this vital piece of information to the Financial Times on December 5. This article explores the implications of Binance’s reluctance to reveal their base
Exchanges
Binance, one of the largest cryptocurrency exchanges in the world, has recently announced the expansion of its free trading options for the spot and margin trading pairs of the First Digital USD (FDUSD) stablecoin. The trading pairs include popular digital assets such as BNB, Dogecoin, Chainlink, Ethereum, Solana, and XRP. Users will enjoy zero maker
Kraken, the renowned cryptocurrency exchange, is not backing down in the face of charges filed by the U.S. Securities Exchange Commission (SEC). The company’s Chief Legal Officer (CLO), Marco Santori, recently confirmed in an interview with CNBC that Kraken plans to fight and respond to the complaint in court. This article delves into Kraken’s stance
The highly anticipated launch of Robinhood’s brokerage services in the UK took place today, marking the company’s first venture outside of the United States. This move signifies Robinhood’s ambition to expand its reach internationally and bring its innovative investment platform to new markets. UK customers now have access to an extensive selection of over 6,000
In a recent development, the Philippines Securities and Exchange Commission (SEC) has issued a cautionary advisory regarding the operations of Binance within the country. The SEC has pointed out that Binance is not registered as a corporation in the Philippines and does not possess the necessary license or authority to operate. Regulatory Concerns in the
Coinbase, one of the leading cryptocurrency exchanges, has recently disclosed that it has received a subpoena from the U.S. Commodity Futures Trading Commission (CFTC). The email notification sent to Coinbase users indicates that the CFTC is seeking information regarding users’ accounts and transaction activities. While the details of the investigation remain undisclosed, some speculation suggests
The digital asset investment space has witnessed an astonishing surge of capital in recent times. According to the latest data from CoinShares, a staggering $346 million flowed into digital asset investment products just last week, marking the most significant weekly inflow in a consecutive nine-week run. This influx of funds is reminiscent of the enthusiasm
Justin Sun, a prominent figure in the crypto space, made an unexpected announcement on November 24 regarding HTX and Poloniex. He revealed plans to initiate an airdrop as a way to compensate users for their losses. This announcement came as a surprise to many, as it was the first time such a measure had been
Former Binance CEO Changpeng Zhao experienced a temporary restriction on his social media profile after stepping down from his executive position. This article aims to analyze the incident and its implications for Zhao and the broader crypto community. On November 23, attempts to access Zhao’s social media profile on X returned a restricted account message.
The U.S. Department of Justice (US DOJ) recently took action to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States before his sentencing. This move occurred after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations and agreed to pay a staggering $4.3 billion to settle