Justin Sun’s Realm Under Siege: USDD Depreciation Strikes Again!
Sun's stablecoin USDD depegged, reflecting broader struggles in Poloniex and HTX. Despite past controversies, Sun's ventures face ongoing challenges.
Xu LinSun's stablecoin USDD depegged, reflecting broader struggles in Poloniex and HTX. Despite past controversies, Sun's ventures face ongoing challenges.
Xu LinThe Philippines’ financial regulator will block local users from accessing Binance, the world’s largest cryptocurrency exchange, citing concerns over the company’s unlicensed operations in the country.
JinseFinanceThe India-UAE oil trade in rupees signifies a major shift from dollar dominance, reflecting the BRICS nations' commitment to alternative trade currencies and the rising influence of emerging economies in global finance.
KikyoSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXChief Strategy Officer Patrick Hillman said the exchange may become obsolete because of the crypto industry's move toward decentralized finance.
OthersBinance has partnered with Indonesian state-owned telecommunications company PT Telkom Indonesia to establish a digital asset exchange in the country.
CointelegraphBinance has struck a deal that could pave the way for the company to open a branch in Thailand as Thai government officials step up crypto regulation.
Cointelegraph