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☆ Binance charges 'bittersweet moment' for the industry, says Fmr. Binance Executive Patrick Hillman
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBinance charges 'bittersweet moment' for the industry, says Fmr. Binance Executive Patrick HillmanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Patrick Hillman, Brian Sullivan, “ Organizations: Binance, CNBC

☆ Binance.US says CEO Shroder to depart, 100 jobs will be cut
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo on the Binance exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis. Binance and Binance.US have maintained that they operate separately. Its global head of product, Mayur Kamat, resigned early this month and its chief strategy officer, Patrick Hillmann, left in July. Reporting by Rishabh Jaiswal, Chandni Shah and Juby Babu in Bengaluru; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian Shroder, Norman Reed, Binance.US, Changpeng Zhao, Binance, Kamat, Patrick Hillmann, Rishabh Jaiswal, Chandni Shah, Juby Babu, Edwina Gibbs Organizations: Viva Technology, Porte de, REUTERS, U.S, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Porte, Paris, France, Bengaluru

☆ Binance global head of product Mayur Kamat resigns - The Block
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 4 (Reuters) - Binance's global head of product and design, Mayur Kamat, has resigned amid a string of executive exits and job cuts at the cryptocurrency exchange, The Block reported on Monday citing a source. Kamat's exit follows a recent executive exodus from Binance that includes Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng. Binance did not immediately respond to a Reuters request for comment on the report. The cryptocurrency exchange has lately been under heavy regulatory scrutiny in the United States, with regulators aggressively clamping down on what they deem are illegal activities.

Persons: Dado Ruvic, Mayur Kamat, Patrick Hillmann, Hon Ng, Binance, Changpeng Zhao, Akanksha, Eileen Soreng Organizations: REUTERS, Securities, Exchange Commission, SEC, Thomson Locations: United States, Bengaluru

☆ Binance lays off employees days after executive exodus
▼ + stars: | 2023-07-14 | by ( Jaiveer Shekhawat | ) www.reuters.com time to read: +1 min

July 14 (Reuters) - Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. The layoffs at the world's biggest crypto exchange come at a time when the industry's future in the U.S. market is uncertain, with regulators aggressively clamping down on what they deem are illegal activities. Last month, the Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao for allegedly operating a "web of deception." Last week, a string of executives quit Binance, which included its Chief Strategy Officer Patrick Hillmann. Reporting by Kanjyik Ghosh and Jaiveer Shekhawat in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Binance, Changpeng Zhao, Gary Gensler's, Patrick Hillmann, Kanjyik Ghosh, Jaiveer, Shailesh Organizations: Reuters, Securities and Exchange Commission, SEC, Labs, BlackRock, Fidelity, Wall Street, Thomson Locations: U.S, Bengaluru

A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world's largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. Still, crypto investors have taken encouragement from the world's biggest asset manager, BlackRock (BLK.N), filing to launch a bitcoin exchange traded fund last month.

Persons: XRP, Coinbase, Bitcoin, Matthew Dibb, Justin d'Anethan, Binance.US, bode, Sam Bankman, Alex Mashinsky, Patrick Hillmann, Hillmann, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore, Alex Richardson, Josie Kao Organizations: Labs, U.S . Securities, Exchange Commission, Wall Street, Capital, SEC, U.S, Wall, Twitter, BlackRock, Fidelity, Thomson Locations: SINGAPORE, WASHINGTON, U.S, California , New Jersey, South Carolina, Wisconsin, Asia, Keyrock, Hong Kong, XRP, reining, China, Binance, Melbourne, Singapore

☆ Binance chief strategy officer quits
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: 1 min

July 6 (Reuters) - Binance's Chief Strategy Officer Patrick Hillmann has quit the cryptocurrency exchange, he said in a tweet on Thursday. Last month, U.S. regulators sued Binance and its CEO Changpeng Zhao for allegedly operating a "web of deception" and filed 13 charges in a federal court in Washington D.C. Binance has said it would defend itself "vigorously." "It's true that I am leaving Binance," Hillmann said in a tweet, adding that he was doing so on good terms. loadingHillmann had joined the world's largest cryptocurrency exchange in 2021 and became the chief strategy officer in October last year. Reporting by Jaiveer Singh Shekhawat in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick Hillmann, Binance, Changpeng Zhao, Hillmann, Jaiveer Singh Organizations: Washington D.C, Thomson Locations: U.S, Washington, Bengaluru

☆ Patrick Hillmann of Binance addresses recent allegations against the crypto exchange
▼ + stars: | 2023-03-10 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPatrick Hillmann of Binance addresses recent allegations against the crypto exchangeCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Today, Patrick Hillmann, chief strategy officer of Binance, addresses all the recent allegations against the company.

☆ Bitcoin drops 2%, and crypto bank Signature tanks amid SVB, Silvergate troubles: CNBC Crypto World
▼ + stars: | 2023-03-10 | by ( Jordan Smith | Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin drops 2%, and crypto bank Signature tanks amid SVB, Silvergate troubles: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Patrick Hillmann, chief strategy officer of Binance, addresses all the recent allegations against the company.

☆ Binance reportedly had secret access to its US arm's bank account
▼ + stars: | 2023-02-17 | by ( ) edition.cnn.com time to read: +5 min

The US partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. It did not elaborate on when in 2021 the activity ceased, or comment on Zhao’s role at the trading firm. A spokesperson for Binance.US referred CNN to its Thursday tweet, emphasizing the line that reads: “ONLY Binance.US employees have access to Binance.US bank accounts. Before that story’s publication, Binance.US had told Reuters that “Merit Peak is neither trading nor providing any kind of services on the Binance.US platform,” without giving further details. Adobe StockBinance.US’s executives were concerned by the outflows from the Silvergate account to Merit Peak because the transfers were taking place without their knowledge, according to the messages reviewed by Reuters.

LONDON, Feb 17 (Reuters) - The U.S. partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. It did not elaborate on when in 2021 the activity ceased, or comment on Zhao's role at the trading firm. Binance transferred over $400 million from the account at California-based Silvergate Bank to Merit Peak between January and March of 2021, Reuters reported on Thursday. Before that story's publication, Binance.US had told Reuters that "Merit Peak is neither trading nor providing any kind of services on the Binance.US platform," without giving further details. A spokesperson for the global Binance exchange, which did not respond to Reuters' questions for the story on Thursday, told crypto news outlet CoinDesk that the transfers were "a Binance.US issue."

☆ Crypto Giant Binance Expects to Pay Penalties to Resolve U.S. Investigations
▼ + stars: | 2023-02-16 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

Binance, the world’s largest cryptocurrency exchange, expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview. Binance grew quickly and began as a business powered by software engineers unfamiliar with laws and rules written to address the risk of bribery and corruption, money laundering, and economic sanctions, Patrick Hillmann said. The company has been working to fill gaps in its early compliance efforts, he said, but still expects regulators will impose fines for past conduct.

Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. Among the dealers on Binance.US was Merit Peak, according to company messages, the trading firm managed by CEO Zhao. From January to March 2021, the account records show that Merit Peak received 89 transfers from the Binance.US SEN account totalling $404 million. These transfers often immediately followed a deposit into the Binance.US account by Prime Trust, the crypto custodian firm for Binance.US client funds.

☆ Crypto Brands Reposition Themselves in Wake of FTX and Market Tumble
▼ + stars: | 2023-02-07 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Roughly one year ago, a handful of crypto heavyweights made swaggering debuts on the Super Bowl ad roster, airing costly commercials with messages like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then came the swoon in crypto and the bankruptcy of FTX. Recently, trading firm OKX scuttled its plans to buy an ad in Super Bowl LVII when FTX began to dominate the news cycle. Coinbase aims to convey its confidence in crypto “while maintaining our position as the most trusted brand in the space,” Chief Marketing Officer Kate Rouch said. “I think that, especially after the FTX collapse, there has been a real need for that across the entire crypto space,” he said.

The article was one of a series of reports this year by the news agency on Binance's financial compliance and relationship with regulators across the world. Reuters also asked representatives of the local Binance units and affiliates about their relationship with the main Binance exchange. In Italy, Binance's public corporate filings detail just the unit's capital base and its ownership by a separate Binance company in Ireland. The Italian company, Binance Italy S.R.L., has its listed address in a block of shops and apartments in the southern city of Lecce. Just two of the Binance units analysed by Reuters offer more substantial details in their filings.

"It was like a bomb went off in that place," Patrick Hillmann, Binance CSO, told CNBC on Thursday. It was money that FTX didn't have, because it was using client deposits for other purposes. "Somehow they were always spending more and more and more and more money," Hillmann said. Hillmann said that early on there were some concerns with FTX and its unsavory relationship with Alameda Research, Bankman-Fried's hedge fund. WATCH: Binance decided FTX was beyond saving after two-hour review of balance sheet

Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis. The scale of Binance's Iranian crypto flows – and the fact that they are continuing – has not been previously reported. The total volume of Iranian transactions flowing through Binance is far greater than through any other exchange, the data show. The vast majority of the $8 billion in Iranian crypto transactions identified by Reuters involved the main Binance exchange. This October, the Treasury fined Seattle-based crypto exchange Bittrex $24 million for violating sanctions on Iran and other countries by processing crypto transactions worth over $260 million.

☆ (video) Cinci filme pe care să le privești în această săptămână la cinematograful Cineplex din Chișinău
▼ + stars: | 2021-05-27 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

(video) Cinci filme pe care să le privești în această săptămână la cinematograful Cineplex din ChișinăuCinematograful Cineplex te invită la cinci filme captivante în această săptămână. Fiecare dintre voi aveți ocazia să fiți printre primii care vor viziona aceste pelicule în Moldova. Dom Toretto duce o viață liniștită alături de Letty și fiul său, micuțul Brian, cu toate că pericolul planează întotdeauna asupra orizontului lor pașnic. O minte genială dar sadică dezlănțuie un mod bolnav de a face justiţie în filmul Spiral: Următorul capitol Saw. Filmul este regizat de Darren Lynn Bousman și scris de Josh Stolberg & Pete Goldfinger.

Persons: Dom, Brian, Jakob, Angelina Jolie, Hannah, Nicholas Hoult, Finn, Senghore, Tyler Perry, Jake Weber, Jon Bernthal, Oscar Taylor Sheridan, Michael Koryta, Charles Leavitt, Koryta, Patrick Hill, Holt, Samuel L . Jackson, Zeke, Banks, Max Minghella, Chris, Marisol Nichols, Mark, Darren Lynn Bousman, Josh Stolberg, Pete Goldfinger Locations: Chișinău, Moldova, Securities, Los Angeles, justiţie, Mark Burg

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