Binances

In his years as a US federal agent, Tigran Gambaryan helped to lead landmark investigations that took down cryptocurrency thieves and money launderers, dark-web drug dealers, and even crypto-funded child exploitation networks. Now, in his post-government role at the cryptocurrency exchange Binance, he has become the target himself of a very different sort of federal crypto crackdown: For the past two weeks, he and another Binance executive have been detained against their will by Nigerian officials.Since February 26,…

A US judge on Friday accepted Binance's guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world's largest cryptocurrency exchange.US District Judge Richard Jones in Seattle approved the plea, which includes a $1.81 billion criminal fine and $2.51 billion of forfeiture, about an hour after the government proposed changes to Binance founder Changpeng Zhao's bond, drawing an objection from Zhao's lawyers.Elevate Your Tech…

Former Binance chief Changpeng Zhao has to remain in the continental United States ahead of his sentencing for violating US anti-money laundering laws, US District Judge Richard Jones said on Thursday.Last month, Binance Holdings agreed to pay over $4.3 billion and pleaded guilty to breaking US anti-money laundering and sanctions laws. Zhao also pleaded guilty and faces a maximum prison sentence of 18 months under federal guidelines and has agreed not to appeal any sentence up to that length. Elevate Your Tech Prowess…

Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular recap of the past few days in tech. The headlines have been dominated — nay, overwhelmed — by the drama unfolding at AI startup OpenAI, but plenty else happened in the half-week leading up to Thanksgiving. So much for a sleepy pre-holiday! In this edition of WiR, besides the OpenAI saga, we cover Apple finally bringing RCS to iPhones, a former Silicon Valley VC darling being convicted of investor fraud, Cruise co-founder Kyle Vogt resigning and Amazon…

Changpeng Zhao, or CZ, was one of the biggest names in cryptocurrency, even bigger than Sam Altman. Zhao who built a cult of personality around him was a rockstar for his backers. But like all titans of the crypto world, his origins were humble and meek…

Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the largest corporate penalties in U.S. history. It is another blow to the crypto industry that has been beset by investigations and comes on the heels of the recent fraud conviction of…

Binance’s NFT marketplace is launching NFT loan feature for users to secure ETH loans Binance’s NFT Marketplace has launched an NFT Loan feature, allowing users to borrow ETH using their NFTs as collateral without selling them. The loans, accessible with selected high-profile NFT projects, offer competitive interest rates and zero gas fees, enabling users to unlock liquidity quickly and easily. Users must fully understand the associated risks before using the service despite its advantages. These include price…

Binance’s NFT marketplace said Tuesday it’s planning to add support for Bitcoin NFTs In the Web3 space, Bitcoin NFTs are the talk of the town as an increasing number of marketplaces embrace digital assets. Binance, the leading cryptocurrency exchange by trading volume, on Tuesday, revealed plans to incorporate Bitcoin NFTs into its marketplace by late May. The update to Binance’s NFT marketplace is expected to roll out “in the coming weeks,” the company said, enabling users to purchase and trade Ordinal inscriptions via…

The Binance Academy has integrated an AI chatbot that provides free education on Web3, blockchain, and crypto. Its main goal is to offer educational resources to users. OpenAI’s ChatGPT and Google’s AI developments have sparked many discussions on artificial intelligence. This hype has extended to the crypto world, with Elon Musk showing interest in the technology. To keep up with the trend, Binance has launched an AI chatbot, Binance Sensei. Binance Sensei’s launch is anticipated to increase crypto adoption, attracting…

The crypto industry is abuzz with excitement as Binance, the world’s largest crypto exchange, announces the addition of Bitcoin, Shiba Inu, Dogecoin, and stablecoins to its Liquid Swap. Crypto communities around the world are eagerly anticipating the alt season and meme coin season, thanks to a new emerging sensation named Big Eyes Coin (BIG). Many investors are predicting this new meme coin to be the next big thing in the crypto-verse. Let’s find out why! Binance Liquid Swap Binance is a leading global cryptocurrency…