Tag Archives: Binance

Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

Binance chief Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, has formally denied allegations made by venture capital firm Sequoia Capital about a failed funding deal. As reported yesterday, a subsidiary of Sequoia Capital China sued Zhao in a Hong Kong lawsuit claiming the crypto exchange founder had violated terms of an exclusivity agreement by holding fundraising talks with other potential investors. It is believed that negotiations between the two parties broke down after Binance shareholders were left unimpressed by Sequoia’s valuation of Binance, at a proposed $80 million. Continue reading Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

Malta on best track to become a blockchain hub

With the announcement of Binance’s relocation to Malta, the world’s largest cryptocurrency exchange, it becomes increasingly clear that Malta is on the best track to become a blockchain hub. This is also evident from the prominence of the first Malta Blockchain Summit, set to take place at Intercontinental in St Julian’s in November 2018. The summit will cover four conferences and is expected to attract no less than 4000 delegates, 100 speakers and 150 sponsors and exhibitors from prominent players in within blockchain and DLT. Continue reading Malta on best track to become a blockchain hub

Binance Plans to Move Office in Malta

Cryptocurrency exchange Binance has received a formal warning from Japan’s Financial Services Agency (FSA) for operating in the country without registering with the regulatory agency as a cryptocurrency trading platform. In a letter dated March 23 and addressed to Binance CEO Changpeng Zhao, the FSA warned the exchange operator to cease operating in Japan without a license. Continue reading Binance Plans to Move Office in Malta

Cryptocurrency Exchange Binance Faces Regulatory Pressure in Japan

Japan’s top securities regulator will warn cryptocurrency exchange Binance that it must cease operating in the country without a license or face enforcement action. Citing a person familiar with the matter, Nikkei reports that Japan’s Financial Services Agency (FSA) will issue a formal warning to Binance, which has allegedly begun expanding operations into Japan without permission from the regulatory agency. Continue reading Cryptocurrency Exchange Binance Faces Regulatory Pressure in Japan