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Another Executive Exits Binance Amid Regulatory Scrutiny


Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...

Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run


Binance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run.  On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading...

Binance Makes Historic Move as First Licensed Crypto Exchange in El Salvador


Binance, the world's largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador.  In a Tuesday announcement, the company said it has been granted a Bitcoin Services Provider license (BSP) by the Central Reserve Bank (Banco Central de Reserva) and the first...

Binance CEO Confirms Layoffs, Refutes Exaggerated Figures


Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.” “As we continuously strive to increase talent density, there are involuntary terminations,” CZ wrote in a tweet this weekend, while adding “This happens...

Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring


Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...

CZ Says News of Exec Departures at Binance Is FUD


Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading...

Binance.US Avoids Total Asset Freeze Through Agreement with SEC


Binance.US and the US Securities and Exchange Commission have agreed on a compromise that avoids the freezing of the exchange's assets. On Saturday, US Judge Amy Berman Jackson approved an agreement between the two, dismissing a previous temporary restraining order (TRO) that would freeze...

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