Binance


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Binance MENA General Manager on Future of Crypto

Binance CEO Changpeng "CZ" Zhao is shedding new insights on the crypto exchange's presence in the Middle East and North Africa, commonly referred to as "MENA," after a recent AMA about the region. Binance MENA General Manager Alex Chehade discusses his outlook for crypto in Dubai and MENA at large, citing the benefits of the "progressive regulatory framework" in the region. 

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Binance Turned Down Justin Sun’s Offer to Buy His Huobi Stake: Source

Binance recently turned down an offer to acquire Tron blockchain founder Justin Sun’s ownership stake in rival exchange Huobi, according to a CoinDesk source. “I must point out that in the past week or so, I have not proposed any offer to [CZ] regarding the purchase of [Huobi], nor have we even discussed Huobi in the past week or so,“ Sun tweeted after the story came out.

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Kevin O'Leary on Future of Crypto Exchanges, Regulation

A trio of Canadian crypto exchanges WonderFi, Coinsquare and CoinSmart are confirming plans to merge, creating what would be one of the world's largest crypto trading platforms. O'Leary Ventures Chair Kevin O'Leary and Dean Skurka, President and Interim CEO of WonderFi, discuss the move and how Canada, as a crypto "guinea pig," offers regulatory clarity in ways that the U.S. doesn't. O'Leary also weighs in on the recent regulatory scrutiny Binance and Coinbase are facing in the U.S.

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Kevin O'Leary Weighs in on Future of Binance

Binance, the world’s largest crypto exchange, has seen a sizable drop in market share after the U.S. CFTC accused it of fraud. O'Leary Ventures Chairman Kevin O'Leary weighs in on the outlook for Binance, stating it has two options: "sit down with the regulators, pay the penalty and disclose ownership ...[or] remain in the shadows."

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Binance's Market Share Hits Lowest Since November After CFTC Lawsuit: Kaiko Data

Binance remains the world’s largest crypto exchange by volume, but it’s seen a dramatic drop in market share after a U.S. regulator accused it of fraud and the exchange eliminated zero-fee trading for some trading pairs. This comes as Binance's BNB token is rebounding after dropping sharply on an unverified rumor that CZ faced an international law enforcement request to detain him. The tweet was from the private Twitter account of crypto influencer Cobie.

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Potential Implications of CFTC Lawsuit Against Binance

The U.S. Commodity Futures Trading Commission (CFTC) sued Binance, the exchange’s founder Changpeng Zhao (CZ), and a couple of other entities on charges of failing to register as a “futures commission merchant” while offering unregistered crypto derivatives options to U.S. customers. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on the significance of the lawsuit.

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Crypto Hardware Wallet Maker Ledger Raises Over $100M in New Funding Round: Report

Ledger has raised most of a 100 million euros ($109 million) funding round at a valuation of 1.3 billion euros ($1.4 billion), the company told Bloomberg. Media outlets first reported on a potential new round last August. “The Hash” team discusses the importance of Ledger and the timing of this raise post-FTX collapse and the CFTC's recent lawsuit against Binance.

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Binance’s On-Chain Balance Stands at Nearly $65B Despite CFTC Lawsuit: Nansen Data

Data from blockchain analytics firm Nansen reveals that Binance's on-chain balance remains high, despite the CFTC suit against the crypto exchange that dropped this past week. Nansen Customer Success Manager Jason Meng discusses what the on-chain analytics tool provider is seeing in regards to Binance's outflows following regulatory turbulence for the world's largest crypto exchange.

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Binance's $2B Weekly Net Outflows 'Not Out of the Norm': Nansen Analyst

Binance's on-chain balance remains high, despite U.S. regulators charging the crypto exchange for allegedly violating U.S. federal law this past week. Nansen Customer Success Manager Jason Meng tells "First Mover" that Binance saw about $2 billion of net outflows in the past seven days and that's "not out of the norm" for the exchange.

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