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Binance Advises Paysafe Users to Convert Euro Balances to Tether

[Sep 28, 2023 4:30 PM] Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank…

Binance Reopens Registrations in Belgium, Restores Services

[Sep 27, 2023 1:30 AM] Cryptocurrency exchange Binance is now accepting new registrations of Belgian users following an interruption caused by regulatory actions against it. In June, the trading platform was ordered to cease providing crypto exchange and custody services…

Coinbase Registers as Crypto Exchange and Wallet Provider in Spain

[Sep 25, 2023 2:30 AM] U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets. The authorization fits into the company’s current strategy for global expansion through acquiring local…

FBI Wanted Co-Founder of Crypto Exchange Wex Sentenced in Russia

[Sep 24, 2023 1:30 AM] Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as…

SEC Denied Immediate Access to Binance US Infrastructure

[Sep 19, 2023 1:00 PM] In a setback for the government, a federal judge rejected a request by the U.S. securities regulator to inspect the technological infrastructure of Binance US. The U.S. Securities and Exchange Commission (SEC) accuses the American subsidiary of the…

Another 2 Binance US Executives Leave Crypto Exchange, Report

[Sep 16, 2023 3:00 AM] Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory…

Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs

[Sep 15, 2023 12:00 AM] Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency…

FTX Looking to Recover Millions Paid to Athletes and Sports Clubs

[Sep 10, 2023 4:00 AM] Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O’Neal, and sports teams like…

Another Executive Exits Binance Amid Regulatory Scrutiny

[Sep 6, 2023 5:30 AM] Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the…

Robinhood to Buy Back SBF’s Stake for Over $605 Million

[Sep 2, 2023 11:30 PM] Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S…

Binance to Gradually Phase Out Support for BUSD Stablecoin

[Aug 31, 2023 1:30 PM] The world’s largest cryptocurrency exchange by global trade volume, Binance, has announced it is discontinuing support for the stablecoin asset BUSD. The trading platform is encouraging users to swap their BUSD as Binance gradually phases…