# Binance lawsuit: Claimants mount up in arbitration for decentralization

# Binance lawsuit: Claimants mount up in arbitration for decentralization

“# Binance lawsuit: Claimants mount up in arbitration for decentralization ” When does decentralization stop being an experiment in technological democracy and start being a way to avoid accountability? That’s the question at the heart of a potential $100 million arbitration lawsuit against cryptocurrency exchange Binance, where close to 1,000 traders seek damages for losses…

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# Binance incapable of effective supervision, British regulator states

# Binance incapable of effective supervision, British regulator states

“# Binance incapable of effective supervision, British regulator states ” The United Kingdom’s Financial Conduct Authority (FCA) released a supervisory notice on Wednesday, stating that prominent crypto exchange Binance is incapable of being effectively supervised and exposes users to financial risk. The FCA notice — originally dated June 25 — was in relation to Binance’s “complex…

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# Binance denies allegations of market manipulation

# Binance denies allegations of market manipulation

“# Binance denies allegations of market manipulation ” Major cryptocurrency exchange Binance is pushing back against allegations of market manipulation and working against the interest of its users. In a Monday Twitter thread, Binance seemingly laid the blame for any claims of manipulating the crypto market on publications spreading fear, uncertainty, and doubt as well…

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# 0M funding round for Binance.us falls through on regulatory concerns

# $100M funding round for Binance.us falls through on regulatory concerns

“# $100M funding round for Binance.us falls through on regulatory concerns ” Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round. The failed funding round also prompted Binance.us CEO Brian Brooks’ surprise decision to step down after serving as its executive for just…

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# Binance crypto exchange outage sparks outrage as traders lose millions

# Binance crypto exchange outage sparks outrage as traders lose millions

“# Binance crypto exchange outage sparks outrage as traders lose millions ” Outages in crypto exchanges have resulted in losses for investors trying to get out in time. While Binance has been proactive in neutralizing such situations, numerous investors are reportedly seeking damages due to the exchange’s inoperability.  Speaking to CNBC, a Binance spokesperson highlighted…

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