The post Coinbase Named In Smear Campaign Against Binance: How Valid Are These Claims? appeared on BitcoinEthereumNews.com.

The digital currency ecosystem is heating up with new claims on the rivalry between Binance Exchange and Coinbase Global Inc. As two of the biggest digital currencies in the world, the quest for survival is triggering new lobbying moves. Earlier this week, Binance Founder Changpeng ‘CZ’ Zhao called out Bloomberg media for a defamatory publication targeted at him and the exchange. More details have emerged, allegedly tying Coinbase to the Binance woes. Origin of Binance Woes In the United States Binance Exchange was launched in 2018, about 6 years after Coinbase made its emergence. However, the former has seen a more meteoric rise in its growth trend over the past 7 years. This growth comes at a significant legal cost, with the US Securities and Exchange Commission (SEC) and the Department of Justice (DoJ). While the SEC accused the firm of operating without proper authorization for some of its services, the DoJ fined the firm for some banking violations. At the time, Binance exchange paid over $4.2 billion in settlement to the DoJ, FinCEN, and the CFTC. CZ was sent to jail, and he resigned his role as CEO, never to return. It remains challenging to claim that the exchange’s struggles are unique. Other firms have also faced reprisals from regulators over the past few years. What is, however, controversial is the alleged smear media campaigns against Binance, a trend that is much more prevalent for the exchange than its peers. The claims always differ, and media giants like Bloomberg and Reuters are often flagged for frontrunning these assertions. On one occasion, as reported earlier by The CoinRepublic, Bloomberg had to publish an apology for a write-up about CZ. The Matt Wallace Claim In line with the broad trend of smear campaigns, industry personality Matt Wallace has come out with…

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Filed under: News - @ July 13, 2025 7:22 pm