#Binance’s explosive growth led to compliance failures – CEO Richard Teng on .3B settlement

#Binance’s explosive growth led to compliance failures – CEO Richard Teng on $4.3B settlement

The new CEO of Binance takes stock of the exchange’s future following a landmark $4.3 billion settlement with United States authorities in a one-on-one interview with Cointelegraph. <p>“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains. Despite that, the incumbent CEO of Binance cuts…

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# Why is the crypto market down today?

# Why is the crypto market down today?

The crypto market’s recent drop is due to a normal bull market correction and potential delays in the Spot Bitcoin ETF approval. Price action across the cryptocurrency market is seeing downside in recent days, led by declines in top-ranking cryptocurrencies, Bitcoin (BTC) and Ether (ETH). As of Nov. 15, the crypto market’s net capitalization was…

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# Binance.US exchange volume slumps amidst crisis

# Binance.US exchange volume slumps amidst crisis

On Sep. 16, exchange volume stood at $5.09 million on Binance.US amidst executive departures and ongoing regulatory scrutiny. Trading activity on Binance.US has reached new lows in September, as the crypto exchange faces unprecedented challenges. On Sep. 16, exchange volume stood at $5.09 million on Binance.US, as reported by Amberdata on The Tie Terminal.  The…

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# Binance excludes Banco de Venezuela from P2P payments

# Binance excludes Banco de Venezuela from P2P payments

Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009. The world’s largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part…

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