Coinbase has been fined $4.5 million by a U.K. regulator for serving “high-risk” customers. The fine, announced Thursday (July 25) by the Financial Conduct Authority (FCA), was levied against a subsidiary of the cryptocurrency exchange, CB Payments Limited (CBPL), which the FCA says repeatedly violated a requirement preventing the company...
Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras, who joined Binance in April of last year, initially served as the head of legal in the region before becoming...
Cryptocurrency exchange Binance has rebranded its social platform, formerly known as Binance Feed, to Binance Square. The rebranding reflects the platform’s transformation from a content aggregator to a social platform focused on the latest trends in Web3, the company said in a Thursday (Oct. 12) blog post. In addition...
Binance says it will exit the Russian cryptocurrency market as part of its compliance strategy. The world’s largest crypto company announced Wednesday (Sept. 27) that it had agreed to sell its Russian business to CommEX, a crypto exchange that apparently launched Tuesday (Sept. 26) morning. The move follows a...
July 07, 2022
Sam Bankman-Fried became one of the richest names in crypto by building a better mousetrap: a stable and customer-focused exchange that grew primarily by word of mouth. Just how rich is a matter of some dispute. Forbes estimates that the fortune of the founder and CEO of the cryptocurrency exchange FTX is $20 billion, up […]
January 27, 2025
Cryptocurrency exchange KuCoin will exit the U.S. market for at least two years after its operator, Seychelles-based Peken Global Limited, pleaded guilty Monday (Jan. 27) to one count of operating an unlicensed money transmitting business. Peken will also pay monetary penalties totaling more than $297 million, while two of its founders, Chun (Michael) Gan and Ke […]
July 25, 2024
Coinbase has been fined $4.5 million by a U.K. regulator for serving “high-risk” customers. The fine, announced Thursday (July 25) by the Financial Conduct Authority (FCA), was levied against a subsidiary of the cryptocurrency exchange,...
October 18, 2023
Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras, who joined Binance in April...
October 12, 2023
Cryptocurrency exchange Binance has rebranded its social platform, formerly known as Binance Feed, to Binance Square. The rebranding reflects the platform’s transformation from a content aggregator to a social platform focused on the...