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PortuguêsWhile the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades. As traditional…
Continue ReadingNew data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao. Cryptocurrency has faced more than its fair…
Continue ReadingAfter FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the…
Continue ReadingOn Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking…
Continue ReadingBinance is making a foray into Sweden after the country’s Financial Supervisory Authority gave the crypto exchange’s Swedish subsidiary permission to administer and trade crypto currencies, the company announced on…
Continue ReadingMicroStrategy scooped up BTC at an average price of just under $17,200. Meanwhile, Binance‘s CZ explains why there’s so much FUD surrounding his exchange. Business intelligence firm MicroStrategy is showing…
Continue ReadingBinance‘s FUD is primarily caused by external factors – not by the exchange itself, according to CZ. Binance CEO Changpeng “CZ” Zhao took to Twitter on Dec. 23 to share…
Continue ReadingBinance is fighting back against the tsunami of FUD it has faced in recent weeks. The world’s largest crypto exchange, Binance, has been dealing with a torrent of FUD (fear,…
Continue ReadingThe exchange has come under increasing pressure from critics after the collapse of its rival, FTX. Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying…
Continue ReadingKazakhstan’s central bank recommended making the in-house CBDC available as early as 2023 with a phased expansion of functionality and introduction into commercial operation until the end of 2025. Kazakhstan,…
Continue ReadingThe collapse of Bahamas-based FTX triggered a sense of distrust for centralized exchanges in the crypto industry. This was followed by increasing demands for transparency regarding the assets, liabilities, and…
Continue ReadingWhile the delisting didn’t concern many due to its inactivity, others questioned the focus on price for delisting as it may prompt projects to artificially pump the price. A decentralized…
Continue ReadingMazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed the audits from its site. Crypto exchange Binance has seen its proof-of-reserve audits removed from auditor Mazars’…
Continue ReadingBinance has faced a FUD-storm this week but a new CryptoQuant audit has verified its proof of reserves. Blockchain analytics provider CryptoQuant has released a report analyzing the recently released…
Continue ReadingBusinesses and governments are still scratching their heads over the sudden collapse of FTX, Sam Bankman-Fried’s crypto empire. The crypto community and regulators are wondering what led to the abrupt…
Continue ReadingBinance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry…
Continue ReadingThe sudden uptick in outflows may have been caused by market makers leaving the exchange. Binance appears to be suffering from a decline in liquidity. A report from crypto analytics…
Continue ReadingFollowing the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S.…
Continue ReadingAccording to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly,…
Continue ReadingOn Dec. 11, Binance issued a notice about abnormal price movements for some trading pairs. As a result, the exchange began an investigation to narrow down suspicious accounts responsible for…
Continue ReadingBinance CEO Changpeng Zhao said the firm doesn’t want to service “unreasonable” clients. Crypto exchange Binance closed a trader account on Dec. 9 after a user complained about the exchange’s…
Continue ReadingThe former FTX CEO claimed that Binance “threatened to walk at the last minute” without an additional $75 million, accusing CZ of lying about his role in the deal. Binance…
Continue ReadingThe CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls…
Continue ReadingThe crypto world has had its fair share of drama as the bear market bites down on the entire landscape. In addition, global inflation has also caused most companies to…
Continue ReadingThe FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever. Crypto executives and politicians are becoming louder in their calls for crypto…
Continue ReadingBinance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to…
Continue ReadingAccording to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s…
Continue ReadingOn Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the…
Continue ReadingTwo weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency. Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR)…
Continue ReadingBinance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and…
Continue ReadingIn the space of one week, FTX had gone from being the second-largest crypto exchange by trading volume to being bankrupt. This swift move from being ‘okay’ to being in…
Continue ReadingAmid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX…
Continue ReadingBinance’s CEO reflects on prior dealings and relationship with SBF after the collapse of his FTX empire. Binance CEO Changpeng ‘CZ’ Zhao knew Sam Bankman-Fried was in a desperate situation…
Continue ReadingAn exodus from centralized cryptocurrency exchanges after FTX’s collapse appears to be the primary reason behind Trust Wallet Token’s massive rally. Trust Wallet Token (TWT) has surged by nearly 150%…
Continue ReadingCryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,”…
Continue ReadingThe crypto-industry has been trying to wrap its head around the unexpected collapse of the world’s second-largest crypto exchange FTX. On one hand, investors are anxious about the safety of…
Continue ReadingBinance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think…
Continue ReadingWhile acknowledging the damage caused by FTX, Buterin believes that FTX CEO Sam Bankman-Fried, as a person, deserves love. The sudden fall of FTX revealed the need for fresh reforms…
Continue ReadingAfter lecturing us about crypto regulation, Sam Bankman-Fried’s house of cards collapsed this week as FTX declared bankruptcy. Who would’ve thought that the implosion of Terra, the collapse of Three…
Continue ReadingOn Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had…
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