Wall Street

Binance, the Wall Street of Crypto, Tries to Put Out a Big Fire

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By Luc Olinga Cryptocurrency trading platform is in the spotlight as its CEO and founder’s fortunes dwindle. It’s been a bad start to the week for Binance, the world’s largest cryptocurrency exchange by volume. The platform is the subject of a barrage of bad news. The Securities and Exchange Commission recently opened an investigation into whether Binance Holdings broke securities-related rules when the firm launched its native BNB token as part of an initial coin offering (ICO) five years ago, Bloomberg reports. The SEC considers ICOs, which involve issuing virtual coins to raise money, as se…

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