Best match

Most recent

Launch

Thailand

Binance today announced its joint venture with Gulf Innova Co., Ltd. has received digital asset operator licenses from the Ministry of Finance of Thailand, opening the way for the launch of a crypto exchange and broker.

https://www.bing.com/th?id=OVFT.S5dKAydqKHYF8Ofxxl7tEC&pid=News

Binance Expects to Launch New Thai Crypto Exchange in Q4 2023 – Decrypt

Inferse

Europe

Prediction

Ethereum

Binance, one of the top crypto exchanges in the world, announced on Thursday that there will be a brief interruption of EUR payments due to Paysafe’s unilateral decision. Binance mentioned that Paysafe, a payments rail in Europe, has unilaterally decided to “stop processing EUR deposits for Binance users.”

https://www.bing.com/th?id=OVFT.UQzUnI_n7Lzahizttj-f9C&pid=News

Cryptocurrencies Price Prediction: Binance, Kraken & Ethereum – European Wrap 28 September

https://www.bing.com/th?id=ODF.Pi-fmnbDH0Hw5SAI4ZGiFg&pid=news

FXStreet

PaySafe

Euro

Binance terminates all EUR services on its exchange platform as its European banking partner, Paysafe, stops processing Euro deposits.

https://www.bing.com/th?id=OVFT.8w8qiJoY48MYV4J3xKJNqC&pid=News

Binance Closes EUR Services As Paysafe Stops Euro Deposit

cryptotimes

Forbes

Binance CEO Changpeng Zhao poses with a bald eagle. The Securities and Exchange Commission is suing ... him and Binance. (Photo by Paolo Bruno/Getty

https://www.bing.com/th?id=OVFT.tCPzizdipBX1BtV1WvtKQi&pid=News

Imagining A Cryptocurrency Landscape Without Binance – Forbes

Russia

Binance confirms exiting the Russian market, selling operations to the newly established CommEX amid the Ukraine conflict. The transition process, ensuring user asset safety, is expected to unfold smoothly over the

https://www.bing.com/th?id=OVFT.fgv3qYY9k7gk6ye5kp81-i&pid=News

Binance Exits Russia, Selling Operations to New Firm, CommEX

https://www.bing.com/th?id=ODF.6ak8EFvo-jj7ASiNXowAbw&pid=news

EconoTimes

Japan

Binance Japan is planning to launch stablecoins denominated in the dollar, euro, and yen in Japan in 2024. The crypto exchange aims to introduce these tokens, and possibly more, through its partnership with Mitsubishi UFJ Financial Group's trust banking arm.

https://www.bing.com/th?id=OVFT.kyPAYQBiZUTBziO6Y_0-Gi&pid=News

Binance tames up with Japan’s biggest lender to launch stablecoins

https://www.bing.com/th?id=ODF.xPt4OEuNoc_z8eucgAZqMw&pid=news

financefeeds

Surge

The destination for these newly minted tokens was a cryptocurrency address known as “Binance 8,” which is a cold wallet established by the exchange to safeguard user assets on the platform. As a result of this influx, data from DeFiLlama now indicates ...

Binance’s Recent Surge in Wrapped Ether Raises Questions Among Crypto Enthusiasts

thecurrencyanalytics

The Matrix

Wall Street

Kunji

We explore some of the newest cryptocurrency releases, recently listed on exchanges and featured on CoinMarketCap.

New Cryptocurrency Releases, Listings, and Presales Today – Wall Street Memes, Kunji Finance, Mind Matrix

https://www.bing.com/th?id=ODF.xJeI9n0sq43e8acqzUtULA&pid=news

Inside Bitcoins

World

Ukraine

Binance is completely cutting ties with its Russia-based business as the country faces international sanctions.

https://www.bing.com/th?id=OVFT.zdjm6HT_cojIy1EpvdUysi&pid=News

World’s largest crypto exchange exiting Russia amid war with Ukraine

https://www.bing.com/th?id=ODF.dsVvdYEiGuqZDGlCaqu-ZQ&pid=news

TheStreet.com

Boom

Potential

Bitcoin

ChatGPT has delivered a shocking verdict on the Bitcoin price as brittle volatility creeps back into the market, and high-yielding coin offerings like Bitcoin Minetrix begin to loom large as more attractive alternatives for crypto traders.

ChatGPT’s Surprising Bitcoin Price Forecast and the Potential Boom Factors for the New Crypto, Bitcoin Minetrix

Get the most recent info and news about Binance on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume

Binance

SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of . You can jump to any part in this filing . This is part 64 of 69. HackerNoon’s Legal PDF Series here FACTS IX. BINANCE AND BAM TRADING WERE REQUIRED TO BUT DID NOT REGISTER AS AN EXCHANGE, BROKER-DEALER, OR CLEARING AGENCY. TENTH CLAIM FOR RELIEF Violations of Exchange Act Section 17A(b) (Against Binance and BAM Trading Failing to Register as a Clearing Agency for the Binance.US Platform) 541. The Commission realleges and incorporates by reference herein the allegations in Paragraphs 1-35 and 110-513. 542. At all relevant times, by engaging in the acts and conduct described in this Complaint, specifically by operating the Binance.US Platform, Binance and BAM Trading, each, directly or indirectly, made use of the mails and the means and instrumentalities of interstate commerce to perform the functions of a clearing agency with respect to securities, without registering in accordance with Section 17A(b) of the Exchange Act and without being exempted from registration. 543. By reason of the conduct described above, Binance and BAM Trading, directly or indirectly, violated, are violating, and, unless enjoined, will continue to violate Exchange Act Section 17A(b) [15 U.S.C. § 78q-1(b)]. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01599 retrieved on September 6, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. docdroid.net

Binance and BAM Trading Charged for Neglecting to Register as Clearing Agency on Binance.US

SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of . You can jump to any part in this filing . This is part 62 of 69. HackerNoon’s Legal PDF Series here FACTS IX. BINANCE AND BAM TRADING WERE REQUIRED TO BUT DID NOT REGISTER AS AN EXCHANGE, BROKER-DEALER, OR CLEARING AGENCY. EIGHTH CLAIM FOR RELIEF Violations of Exchange Act Section 5 (Against Binance and BAM Trading for Failure to Register as an Exchange for the Binance.US Platform) 535. The Commission realleges and incorporates by reference herein the allegations in Paragraphs 1-35 and 110-513. 536. At all relevant times, by engaging in the acts and conduct described in this Complaint, specifically by operating the Binance.US Platform, Binance and BAM Trading met and continue to meet the definition of “exchange” and, directly or indirectly, made use of the mails and the means and instrumentalities of interstate commerce for the purpose of using any facility of an exchange within or subject to the jurisdiction of the United States, to effect transactions in a security, or to report any such transaction, without registering as a national securities exchange under Exchange Act Section 6 [15 U.S.C. § 78f], and without being exempted from such registration. 537. By reason of the conduct described above, Binance and BAM Trading, directly or indirectly, violated, are violating, and, unless enjoined, will continue to violate Exchange Act Section 5 [15 U.S.C. § 78e]. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01599 retrieved on September 6, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. docdroid.net

Binance and BAM Trading Caught in Regulatory Crosshairs 

SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of . You can jump to any part in this filing . This is part 60 of 69. HackerNoon’s Legal PDF Series here FACTS IX. BINANCE AND BAM TRADING WERE REQUIRED TO BUT DID NOT REGISTER AS AN EXCHANGE, BROKER-DEALER, OR CLEARING AGENCY. SIXTH CLAIM FOR RELIEF Violations of Exchange Act Section 15(a) (Against Binance for Failing to Register as a Broker-Dealer for the Binance.com Platform) 529. The Commission realleges and incorporates by reference herein the allegations in Paragraphs 1-35, 80-153, 282-338, and 352-513. 530. At all relevant times, by engaging in the acts and conduct described in this Complaint, specifically by operating the Binance.com Platform, Binance, a person other than a natural person under the Exchange Act, was and is a broker and dealer and, directly or indirectly, made use of the mails and the means and instrumentalities of interstate commerce to effect any transactions in, or to induce or attempt to induce the purchase or sale of, any security, without registering as a broker or dealer, and without being exempted from such registration. 531. By reason of the conduct described above, Binance, directly or indirectly, violated, is violating, and, unless enjoined, will continue to violate Exchange Act Section 15(a) [15 U.S.C. § 78o(a)]. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01599 retrieved on September 6, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. docdroid.net

SEC Charges Binance for Failure to Register as a Broker-Dealer

While Unregistered, Binance Packaged and Sold BNB as a Security 

SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of . You can jump to any part in this filing . This is part 34 of 69. HackerNoon’s Legal PDF Series here FACTS VI. BAM TRADING AND BAM MANAGEMENT ENGAGED IN ACTS AND PRACTICES THAT OPERATED AS A FRAUD AND DECEIT UPON, AND MADE FALSE AND MISLEADING STATEMENTS TO, INVESTORS. 250. Since the launch of the Binance.US Platform, BAM Trading and BAM Management have also defrauded the investing public about the reliability of trading volume figures reported for the Binance.US Platform. 251. Since the launch of the platform, BAM Trading publicly reported volume on a token-by-token basis and made aggregate Binance.US Platform trading volume publicly available without any qualifications as to its legitimacy. BAM Trading has provided Binance.US Platform trading volume through various public resources that are popular for crypto asset investors when deciding which crypto asset to trade in and where to conduct their trading. These include the market data API and the Binance.US Platform and its website. 252. For example, on April 3, 2022, the market data API indicated that the trading volume of TRX, a crypto asset security listed on the platform, was 5,902,367. That information would have also been posted on the Binance.US Platform and the company’s website, as both pull from the same data as the API. 253. BAM Trading also made the platform’s trading volume data available through the API for reporting and dissemination by data aggregators such as CoinMarketCap and CoinGecko, which are popular information resources for crypto asset investors. 254. BAM Trading sought to have the Binance.US Platform’s trading volumes included on CoinMarketCap because it knew that crypto asset investors look to CoinMarketCap for information on specific crypto assets and where they can be traded. Accordingly, BAM Trading ensured ongoing information regarding trading volume was available for publication on a token-by-token and aggregate basis, and BAM Trading monitored the posted information, at times communicating with CoinMarketCap to correct certain information reported to the market. Since in or around April 2020, Zhao has owned CoinMarketCap through a Binance affiliate. 255. BAM Trading also reported the platform’s trading volume on social media. As an example, on November 1, 2019, BAM Trading tweeted that the Binance.US Platform had “$30M in 24hr Volume.” Similarly, on January 8, 2021, BAM CEO A tweeted that the platform’s total trading volume was “$500M.” 256. In addition, from September 2021 through at least April 2022, BAM Trading and BAM Management touted the Binance.US Platform’s trading volume when soliciting the Equity Investors. In the Pitch Deck, BAM Trading and BAM Management reported, with respect to the Binance.US Platform, “$24B” in average monthly trading volume, “$205B” in trading volume to date, and favorable trading volume comparisons to the Binance.US Platform’s competitors. 257. The Pitch Deck also boasted trade volume statistics for the period of time leading up to BAM Trading’s and BAM Management’s September 2021 outreach to Equity Investors. For example, it highlighted that the Binance.US Platform’s August 2021 trading volume was “5x larger than FTX.US and ~24% of Coinbase’s global volumes.” 258. BAM Management and BAM Trading also provided Equity Investors with access to a data room that contained a voluminous spreadsheet with data on the Binance.US Platform’s trading volume, including monthly data for various crypto assets made available for trading on the Binance.US Platform (“Volume Data Spreadsheet”). The Volume Data Spreadsheet reported, for example, the monthly trading volumes of one crypto asset security called “ALGO” for June through August 2021 to be over $137 million. Similarly, for another crypto asset security called “MANA,” the Volume Data Spreadsheet reported over $102 million in volume for June through August 2021. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01599 retrieved on September 6, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. docdroid.net

SEC Investigation Unveils False Reporting of Trading Volume on Binance.US

SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of . You can jump to any part in this filing . This is part 29 of 69. HackerNoon’s Legal PDF Series here FACTS V. UNDER ZHAO’S CONTROL, BAM TRADING AND BINANCE PROVIDE EXCHANGE AND CLEARING AGENCY FUNCTIONS TO U.S. CUSTOMERS, AND BAM TRADING ALSO PROVIDES BROKERAGE SERVICES TO U.S. CUSTOMERS B. BAM Trading and Binance Together, Under Zhao’s Control, Maintain and Provide a Marketplace and Facilities for Trading Crypto Asset Securities. 218. Since the Binance.US Platform launched in September 2019, BAM Trading and Binance, both under Zhao’s control, have operated the platform’s exchange functions. 219. BAM Trading has functioned as the legal owner and public face of the Binance.US Platform. The Binance.US Platform has throughout its existence operated using Binance’s matching engine software, digital wallet, clearing and settlement technology, trademarks, and related technology support and hosting environment, all of which were created, deployed, and maintained by Binance engineers and other employees at Zhao’s direction and input. Under the Software License Agreement, Binance Holdings is responsible for providing and maintaining software modules for a “[d]igital currency exchange platform,” “[m]atching engine,” “[d]igital currency wallet services,” and frontend user applications such as the website and mobile applications, among other modules—all for the purpose of “operat[ing] a digital currency trading platform for the U.S. market,” namely, the Binance.US Platform. 220. At the time of the platform’s launch, Binance personnel were primarily responsible for managing the trading functions, while BAM Trading performed certain backend system operations for Binance.US Platform customer services. As reflected in the Master Services Agreement, Binance is responsible for maintaining, supporting, developing, and implementing additional features and upgrades to the Binance.US Platform, including the platform’s crypto asset trading services and features. 221. Binance also created the Binance.US website, a mobile phone application, and an API, all so the Binance.US Platform’s interfaces resemble the Binance.com Platform’s interfaces, including the displayed order book that displays available trading pairs and, for each pair, the current top bids and offers (prioritized by price and time), various categories of pricing information, and 24-hour trading volume. 222. Over time, Binance has transitioned certain of its responsibilities and functions to BAM Trading personnel (sometimes by converting Binance employees into BAM Trading employees), thereby increasing BAM Trading’s responsibilities, and BAM Trading and Binance personnel have continued to work together to provide and maintain the Binance.US Platform’s exchange functions. i. Order Matching and Trading Rules of the Binance.US Platform 223. To effect spot trading on the Binance.US Platform, BAM Trading licenses Binance’s proprietary software, including its matching engine technology, which Binance adapted for the Binance.US Platform. The Binance.US Platform’s website, API, and mobile apps allow customers to enter orders, view account information, and otherwise access the platform’s trading services and other functions. 224. Customers can enter different order types on the Binance.US Platform. Its matching engine, like the one for the Binance.com Platform, automatically matches and fills orders, executing trades using programmed, non-discretionary price-time priority rules. According to these rules, unless otherwise specified by a customer, an order that is posted to the order book at a different price than all other existing orders on the book rests on the order book until the customer cancels it, or future orders match with it. ii. The Binance.US Platform’s OTC Desk, OCBS, and Convert Services 225. In addition to spot trading, BAM Trading offers customers the ability to purchase and sell crypto assets, including crypto asset securities, through additional Binance.US Platform services described as the “OTC Desk,” “OCBS,” and “Convert” trading services. 226. Since in or around May 2020, the Binance.US Platform has maintained an OTC Desk that allows customers, primarily institutional traders, to execute generally large volume trades for crypto asset and fiat pairs. In 2021, the OTC Desk had over $654 million in trades. Through the Binance.US Platform’s OTC Desk, BAM Trading serves as the interface between a customer and a counterparty firm and provides requested quotes to the customer, which the customer can accept through the Binance.US Platform. If the customer accepts the trade, the customer’s account balance is updated with either the withdrawal or deposit. Except for orders over a certain size, the process for executing trades through the OTC Desk is automated. 227. From May 2020 to February 2022, Alameda Research, the trading firm associated with FTX founder Sam Bankman-Fried, was often the OTC Desk’s only counterparty vis-à-vis BAM Trading customers. From at least February 2022, Sigma Chain served as a counterparty. 228. In addition, BAM Trading offers “OCBS” and “Convert” services on the Binance.US Platform. The OCBS service permits customers to exchange U.S. dollars for crypto assets (effecting over $6.1 billion in trades in 2021), and the Convert service permits the exchange of one crypto asset for another of over 130 crypto assets. The Binance.US Platform serves as the interface through which customers make trading requests and are provided quotes, and through which the purchases or sales are executed. BAM Trading’s marketing touts these services as a means “to avoid slippage, simplify [the] trading experience, or make one less trade.” 229. Sigma Chain has been the sole counterparty for the OCBS and Convert services since they were first offered in early 2020 and April 2021, respectively. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01599 retrieved on September 6, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. docdroid.net

BAM Trading and Binance in the Heart of Crypto Trading Amid Regulatory Challenges

SEC Probes Binance and Binance.US for Unregistered Operations in the U.S. 

SEC v. Binance Court Filing, retrieved on June 5, 2023 is part of . You can jump to any part in this filing . This is part 26 of 69. HackerNoon’s Legal PDF Series here FACTS IV. ZHAO AND BINANCE ESTABLISHED THE BINANCE.US PLATFORM WHILE MAINTAINING SUBSTANTIAL INVOLVEMENT AND CONTROL OF ITS OPERATIONS. D. Zhao Rejected BAM CEO A’s and BAM CEO B’s Efforts to Give BAM Trading “Independence” from Zhao and Binance. 193. Over time, BAM Trading’s employees became increasingly dissatisfied with BAM Trading’s and the Binance.US Platform’s lack of independence and Zhao’s and Binance’s exertion of substantial oversight and control over the company’s day-to-day operations. 194. In January 2020, BAM Trading employees started compiling a list of “shackles,” i.e., functions “that require [Binance personnel’s] answers, access, approval, funding,” which demonstrated BAM Trading’s lack of independence and knowledge as to the platform’s operations. They noted, for example, BAM Trading’s compliance team experiencing a “lack of respect and transparency between Asia/US teams”; the fact that BAM Trading was “not allow[ed] to expand US Financial Team domestically”; and BAM Trading’s legal department needing a “[b]etter understanding” of BAM Trading’s “internal controls/IT infrastructure.” 195. BAM CEO A later reported to the Binance CFO that her “entire team is at their breaking point.” The Binance CFO later remarked that “getting our independence takes time.” 196. In the ensuing months, BAM CEO A worked with her team to propose a plan for BAM Trading to take control of more of its operations. In October 2020, she asked BAM Trading employees to diagram their job functions that required “global touchpoints,” meaning “where we rely on .com in our processes.” In response to the information she received, BAM CEO A remarked, “[Y]ou guys have a lot of .com gatekeepers now that I look at it.” Another BAM Trading employee responded, “LOL … Getting control over any of these (fees, or subaccounts or API limits) is an instant win.” 197. BAM CEO A dubbed this effort “Project 1776.” As she told another BAM Trading employee in October 2020, “Project 1776 is for our independence.” 198. On October 29, 2020, while BAM CEO A was working on Project 1776, a major news media company released an article reporting on Binance’s Tai Chi Plan, which the article described as Binance’s plan “to intentionally deceive regulators and surreptitiously profit from crypto investors in the United States.” 199. The article intensified BAM Trading employees’ concerns with Zhao’s and Binance’s control over the business—demonstrating that this significant level of secret control remained. As BAM CEO A explained to the Binance CFO shortly after the article was released, BAM Trading employees “lost a lot of trust with the article” and “the entire team feels like they’ve been duped into being a puppet.” 200. Binance, however, continued to resist efforts for independence. For example, on December 3, 2020, BAM CEO A reported to the Binance CFO that BAM Trading’s “[b]attle for the day” was for Binance’s clearing personnel to “inform[] us on their day-to-day and access,” but that the Binance Back Office Manager and another Binance employee “were unwilling to share their screens at all, they were like yeah you don’t need to know what we do day to day.” 201. As another example, on or around March 2021, Zhao decided to replace BAM CEO A with BAM CEO B, who formally assumed his position by May 2021. 202. When hired, BAM CEO B was aware of concerns about the relationship between Binance and BAM Trading and conditioned acceptance of the role on being able to run BAM Trading independently of Zhao and Binance. Believing that he could accomplish this goal, BAM CEO B made several public statements that BAM Trading was “not an alter-ego of Binance.” 203. Upon assuming his CEO duties, however, BAM CEO B quickly learned that Binance, in fact, exerted and would not relinquish substantial control over BAM Trading and the operation of the Binance.US Platform. As he testified under oath, BAM CEO B did not “have any firsthand knowledge of exactly what [Binance] entity managed [Binance.US Platform’s] servers,” but he knew it “wasn’t [BAM Trading].” Similarly, he also testified that the matching engine was “presumably owned and administered by some [Binance] entity, but I have no idea which one, and then there’s other servers doing other functions.” He concluded, the “biggest risk in this company is we are highly dependent on a bunch of technology that sits in Asia.” 204. BAM CEO B tried to implement plans to migrate those functions and control of the crypto assets from Binance to BAM Trading and into the United States, but Zhao quickly overruled him, causing BAM CEO B to resign approximately three months into his tenure. 205. As BAM CEO B testified, “[W]hat became clear to me at a certain point was CZ was the CEO of BAM Trading, not me.” He further explained that he spent his first 80 days as CEO trying “to get these core foundational things realigned,” but “was overruled on all of them” by Zhao. BAM CEO B elaborated, “All of the things that we had previously agreed and had worked on for 80 days were suddenly repudiated with no further discussion, and on that day, I realized, huh, I’m not actually the one running this company, and the mission that I believe I signed up for isn’t the mission. And as soon as I realized that, I left.” 206. During this period, and consistent with the Tai Chi Plan, Zhao and Binance publicly denied that they controlled BAM Trading. In a September 23, 2019 public interview, for example, Zhao stated, “Binance licenses its technology to Binance.US, while the business itself and local operations are managed by BAM Trading Services and [its] CEO.” 207. These and other statements were contrary to how BAM Trading and the Binance.US Platform actually operated. 208. Rather, Binance’s intent was clear. As Binance’s CCO admitted in October 2020, Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01599 retrieved on September 6, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. docdroid.net

Binance

binance.com

39 employees

Since n.d.

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Binance

Binance

binance.com

39 employees

Since n.d.

COMPANY RANKING

Binance

EVERGREEN INDEX #2495

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