Crypto prediction market says Binance has 12% chance of insolvency by 2024
The wager on decentralized crypto prediction market Polymarket has so far seen more than $11k in trades placed.
Results for Binance, Crypto
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Scoop: European states working with SEC on Binance investigation
Protos has been told that several European countries have been spurred into action after Binance was indicted by the SEC earlier this month.
Exploring the similarities between crypto exchanges Binance and FTX
While the civil charges brought by the SEC against Binance and FTX are unique to each business, there are still some striking similarities.
Binance’s French arm says money laundering raid was ‘regulatory obligation’
Since 2019, France has required crypto firms to register with the country's financial regulator. However, Binance didn’t do this until 2022.
80% of all BUSD ever created has been burned — how long can it last?
With BUSD's market cap at $4.5 billion, it looks to be just a matter of time before the former top-three stablecoin vanishes completely.
Binance still using Ethereum account suspected of commingling funds
Binance was indicted by the SEC in June and was accused of commingling funds into accounts at entities run by Binance CEO Changpeng Zhao.
SEC claims Binance spent commingled funds on $11M yacht
Declarations from the SEC allege that funds were withdrawn from Binance-controlled accounts to purchase an $11 million yacht and a plane.
SEC lawsuit: What’s next for Binance?
The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.
Binance lawsuit adds another 10 cryptos to SEC securities list
The total number of cryptos the SEC classes as securities now totals 61. It added 16 when it charged Terraform Labs with fraud in February.
Binance reportedly cutting jobs despite profit claims and hiring promise
The exchange previously claimed that it was set to embark on a hiring spree that would see it onboard 500 new hires by the end of June.