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  • US Sues Binance Crypto Exchange and CEO Changpeng Zhao Over ‘Web of Deception’ as Bitcoin Tumbles

    US regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending Bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint, filed in a federal court in Washington, D.C., listed 13 charges […] More

  • Brazil Reportedly Probing Binance for Offering Cryptocurrency Derivatives, Company Refutes Allegations

    Binance reportedly faces a probe in Brazil for allegedly allowing its users in the country to dodge a law that prevents them from investing in cryptocurrency derivatives. The company is currently under the scanner of Brazil’s Federal Prosecutor’s Office and the Federal Police, a local newspaper has reported. While the company refuted the allegations, the […] More

  • Ethereum’s Shanghai Upgrade, First Major One Since Merge, Is Complete: Binance

    Ethereum's Shapella Upgrade to Unlock Around $33 Billion of Staked Ether

    The software that underpins the second-biggest crypto coin ether was upgraded on Wednesday and is online, cryptocurrency exchange Binance said in a tweet. The move will give investors access to more than $30 billion (roughly Rs. 2,45,877 crore) of the digital tokens. Known as Shapella, the latest upgrade to the Ethereum blockchain since its Merge […] More

  • Binance to Close Australian Derivatives Business Amid Financial Services Licence Cancellation

    Cryptocurrency exchange operator Binance will close its Australian derivatives business after relinquishing a financial services licence on Thursday amid a regulatory probe into its operations. The Australian Securities and Investment Commission (ASIC) has been conducting a “targeted review” of Binance, first confirmed in February, when Binance said it had misclassified some retail investors as wholesale. […] More