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Topic: binance

Yi He is co-founder of Binance, the besieged digital currency empire. (Bloomberg) News 

Binance CEO CZ Shares Insight on Crypto Market Turmoil

Jim Hendler, ,

Yi He, a senior executive at Binance, has successfully avoided global attention for the past six years and continues to do so, despite the increasing efforts of governments worldwide to regulate cryptocurrencies. As the founder of a cryptocurrency empire, he is one of the most powerful players in the $1.2 trillion industry. He also has a lot to lose as the regulatory onslaught deepens and creates an existential crisis for crypto’s largest exchange. After successfully marketing Binance in its early days on various media platforms, Yi He – a former…

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The compromise would allow the exchange to continue operating in the US for the time being. News 

Binance and SEC Reach Agreement to Prevent US Asset Lockdown

Adarsh V.K, , ,

Binance has reached an agreement with the Securities and Exchange Commission that permits the cryptocurrency exchange to continue its operations in the US until the resolution of a lawsuit filed by the regulator earlier this month. The SEC had accused Binance and its founder, Changpeng Zhao, of inflating trading volumes, mishandling customer assets, and failing to prevent US investors from trading on Binance.com instead of a separate US system. After the charges were announced, the SEC attempted to freeze Binance’s US assets. The regulator said the change was necessary to…

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The SEC accused Binance founder Changpeng Zhao of operating a "web of deception," charging him and his exchange with 13 offences News 

SEC Sues Binance Billionaire Changpeng Zhao for Alleged Unregistered Exchange Activity

Jim Hendler, ,

The U.S. Securities and Exchange Commission targeted the most influential figure in the cryptocurrency industry on Monday. The Securities and Exchange Commission (SEC) accused Binance founder Changpeng Zhao of “running a fraud network” and charged him and his exchange with 13. These ranged from Binance’s alleged manipulation of trading volumes and inability to shut out US customers from the unregulated platform to mixing and moving billions of dollars of customer funds “as they please”. The complaint continues to threaten Zhao’s vast business empire, which has dominated the cryptocurrency industry for…

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China is "ahead" of other countries, Zhao said, adding that this will put pressure on others to push their efforts forward. (REUTERS) News 

CEO of largest crypto exchange speaks out on regulations and trends

Nitin Misra, ,

For Zhao Changpeng, CEO and founder of Binance – the world’s largest spot cryptocurrency exchange by trading volume – the latest developments are encouraging. Right now, we’re definitely seeing more users coming in, more adoption and more institutional involvement, Zhao (also known as CZ ) said in an interview from Singapore. Overall things are going pretty well, I would say. Optimism over interest from institutional investors, among other factors, has led Bitcoin to more than double this year. After gains of around 20% this month, the coin has once again…

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