Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim
Three lawmakers are pressing the crypto exchange on allegations it sought to limit compliance.
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Mar 2, 2023 at 1:23 p.m. UTC
Mar 2, 2023
Changpeng "CZ" Zhao
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TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week
Blockchain data shows crypto exchange giant Binance has been relying increasingly on TUSD following a crackdown on its Binance USD stablecoin by U.S. regulators.
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Feb 27, 2023 at 7:45 p.m. UTC
Feb 27, 2023
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Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act
Changpeng Zhao said Binance will continue working with other stablecoin issuers, and that he’s skeptical about claims Circle raised alarm bells with regulators.
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Feb 14, 2023 at 3:18 p.m. UTC
Feb 14, 2023
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Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange
Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November.
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Feb 13, 2023 at 11:00 p.m. UTC
Feb 13, 2023
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Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.
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Feb 13, 2023 at 7:34 p.m. UTC
Feb 13, 2023
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Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.
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Jan 25, 2023 at 10:31 p.m. UTC
Jan 25, 2023
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With Binance, Everything Is Not Fine
As the financial health of the exchange grows more uncertain, CEO Changpeng "CZ" Zhao has offered nothing but red flags, says Genevieve Roch-Decter (CFA), the CEO of GRIT Capital.
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Dec 19, 2022 at 4:28 p.m. UTC
Dec 19, 2022
Changpeng Zhao Won't Rescue Binance by Selling out Crypto Self-Custody
Amid a surge in withdrawals, Binance's chief executive is seemingly working to reestablish trust and keep assets on the centralized exchange. I "recommend no more news like these."
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Dec 15, 2022 at 6:39 p.m. UTC
Dec 15, 2022
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times
"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last.
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Dec 14, 2022 at 8:07 a.m. UTC
Dec 14, 2022
Binance's CZ Welcomes 'Stress Test' as Exchange Resumes USDC Withdrawals
The world's largest crypto exchange by trading volume has endured a wave a withdrawals amid concerns about reserves. Withdrawals of the stablecoin USDC were paused for several hours but have now resumed.
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Dec 13, 2022 at 6:25 p.m. UTC
Dec 13, 2022