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The Latest Breaking News from Binance

Binance Re-Examines MENA Strategy, Withdraws Abu Dhabi License Application

Binance filed the application for an operating license with Abu Dhabi Global Market last November. The exchange withdrew it on Nov. 7.

International Business Times

Binance founder Changpeng Zhao must stay in the U.S. for sentencing, judge rules

The ruling means "CZ" can't go to the UAE prior to his hearing in Seattle in February.

Fortune

Robinhood launches crypto trading in the EU, adds Solana and other tokens delisted in the U.S.

The online brokerage had delisted Solana, Polygon, and Cardano in the U.S. in June after the SEC named them in its lawsuits against Binance and then Coinbase.

Fortune

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Future of Finance: Paolo Ardoino on Tether proving crypto critics wrong and how ‘Bitfinex is a different company compared to Binance’

Ardoino talked about his early career and why it's mostly been "business as usual" after recently becoming Tether's CEO.

Fortune

Coinbase Stock Poised For Rally On Renewed Retail Crypto Frenzy, Analyst Says

Needham hiked its price target on Coinbase stock Tuesday believing the crypto exchange has more room to rally. Cathie Wood, ARK sell shares.

Investors Business Daily

Crypto firms could spend more on lobbying than in 2022—when FTX and Sam Bankman-Fried were still writing checks

Even without Sam Bankman-Fried, blockchain firms continue to pour money into D.C.

Fortune

Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

Bitcoin is once again having a moment

The Independent UK

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Bitcoin roars past $40,000 as SEC’s next window to approve spot ETFs draws near

Bitcoin has not broken $40,000 since April 2022, before the collapse of Terra and other high-profile crypto projects.

Fortune

Binance VIP Traders Tipped Off By Executives Ahead Of DOJ Settlement: Report

Some market makers already knew about the historic settlement agreement roughly a couple of months before it took place, as per a Bloomberg report.

International Business Times

Footballer Ronaldo faces $1bn+ class action lawsuit for promoting Binance to unwary customers, and he's still doing it

The forward says he and Binance are currently "cooking something up".

PC Gamer

What is the $1 billion lawsuit facing Cristiano Ronaldo?

Football star being sued for Binance endorsement

Evening Standard

FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Conversation

Cristiano Ronaldo faces $1bn lawsuit for promoting NFTs

Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting the beleaguered cryptocurrency exchange Binance

The Independent UK

Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

The Independent UK

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FourFourTwo

Cristiano Ronaldo involved in $1bn lawsuit, after 'next-level' claim went horribly wrong

Cristiano Ronaldo is being accused of endorsing a product that has fallen considerably in the last year

International Business Times

Binance Announces Another Major Change In Its Ecosystem Following CZ's Departure

Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.

International Business Times

Binance's CZ Remains Silent But Flashes '4' On Reports That He Is Prohibited From Leaving US

Zhao has been under fire since he pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement agreement with the Department of Justice and other agencies last week.

International Business Times

Coinbase Alerts Customers About CFTC Subpoena Regarding Bybit Transactions

The platform warned customers that it may respond to the regulator's subpoena unless it is reversed by a court by Thursday.

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International Business Times

CZ Makes Strategic Move That Detaches Him From Embattled Binance.US

The decision keeps Zhao from playing any role in Binance.US, including in the exchange's governance.

The Guardian - UK

TechScape: Why billions in sanctions can’t bring down Binance

In this week’s newsletter: Changpeng Zhao has pleaded guilty to breaking US anti-money-laundering laws but will the enforcement end there?

International Business Times

Court Prohibits Binance's CZ From Leaving US After Guilty Plea

This is not the only trouble Zhao could be facing in the days leading to his prison sentencing. A court filing by DOJ lawyers on Saturday revealed they might argue the Binance founder should be sentenced to up to 10 years in prison.

International Business Times

Binance Has 'Turned The Page,' New CEO Says

Richard Teng said in his first comments after becoming CEO that Binance is stronger than ever.

Fortune

MLB and Formula 1 targeted in new, multibillion-dollar suit over their promotions of FTX now that judges ‘updated the laws for the internet age’

The lawsuits also take aim at Cristiano Ronaldo, Mercedes-Benz, ad giant Dentsu, and global talent agency Wasserman.

Fortune

Pro-crypto Majority Whip Tom Emmer says $4.3 billion Binance settlement shows U.S. doesn’t need new crypto laws

The lawmaker said current laws are suitable to “weed out bad actors.”

Fortune

Coinbase stock surges 18% in a week as CEO Brian Armstrong says Binance settlement closes ‘that chapter of crypto’s history’

“Building a company offshore, skirting regulation, it's just not going to work,” Armstrong said in an interview with CNBC in London.

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