The NBA star’s involvement in Binance’s marketing campaign drew significant attention, considering his status as a prominent figure in professional basketball.
The legal troubles continue to mount for Binance, as the Securities and Exchange Commission (SEC) also filed a lawsuit against the exchange and CZ in June.
SEC suggests that Binance.US may have fraudulently amplified its trading volumes, sometimes trading with itself, to appear very active in the markets.
Binance CEO CZ insisted that such reports are aimed at creating fear, doubt, and uncertainty in the crypto industry. He claimed that the revealed numbers of layoffs were exaggerated.
The Bitcoin Lightning Network integration will allow Binance users to select the “LIGHTNING” options for the deposit and withdrawals of Bitcoins.
In addition to thanking customers for 6 years of support, CZ also explained highs and lows Binance experienced since the launch in 2017.
Developers and users who participate in Hackvolution are contributing to the growthof the BNB chain ecosystem.
The Arkham project is focused on deanonymizing blockchain technology through a decentralized token financial system to enable a safe adoption of the crypto market among other reasons.
Apart from the investigation initiated by the Department of Justice, the SEC sued Binance one month ago for listing unregistered securities, commingling customers’ deposits, and flouting KYC rules.
The recommendation of Coinmerce by Binance is optional for Dutch crypto traders.
Binance chief Changpeng Zhao said that he continues to remain bullish on crypto for the long term, and as per historical trends, the next bull run should happen in 2025.
While the Binance.US market share remains on the downside, the Coinbase share has somehow managed to appreciate.
Binance has been always working with the belief that education is the cornerstone of progress and innovation.
Binance is facing regulatory challenges in multiple jurisdictions worldwide.
The NFT collection, which was launched today is tagged “Forever CR7: The GOAT” and focuses on Ronaldo’s big career achievements, especially his goals on the football pitch.