Mon, February 3

Binance to Assist Azerbaijan in Establishing Crypto Regulations

According to Binance’s Director of Governmental Relations in the Commonwealth of Independent States (CIS), Olga Goncharova, Binance is willing to assist the Central Bank of Azerbaijan (CBA) in developing procedures for crypto regulation. The Binance spokesman told Azerbaijan’s Trend News Agency that regulatory issues were addressed during a recent meeting

December 18, 2022 1 min read

Investor Michael Burry Calls Proof-of-Reserves Audit Meaningless

Michael Burry, the founder of the investment company Scion Asset Management. And a well-known investor, said on Friday that proof-of-reserves (POR) audits of cryptocurrency exchanges such as Binance and the defunct exchange FTX are pointless. Furthermore, Burry is regarded as the first investor to correctly predict and benefit from the

December 17, 2022 2 mins read

Prominent Auditing Firm Mazars Stops Services For Crypto Sector

Binance, a cryptocurrency exchange, said on Friday that its auditor, Mazars, has ceased services for cryptocurrency enterprises, including cryptocurrency exchanges, as reported by Bloomberg. A representative for Binance claims that the French accounting firm Mazars would not provide services, such as proof of reserves, to cryptocurrency exchanges. Binance, KuCoin, and

December 16, 2022 2 mins read

Binance’s Proof-of-Reserves Audit Verified by CryptoQuant as Correct

Recently, the outcomes of Binance’s proof-of-reserves audit were made public, and blockchain analytics firm CryptoQuant used those results to publish a report. Since FTX’s demise a month ago, centralized exchanges have been under intense scrutiny. Binance receiving particular attention for its efforts to convince clients and investors that the exchange

December 16, 2022 2 mins read

KuCoin Exchange Operating Illegally as per Dutch Central Bank

The Dutch central bank released a statement on Thursday saying that the cryptocurrency exchange KuCoin is operating illegally in the country. Bank documents reveal that KuCoin operates as a wholly owned subsidiary of MEK Global Limited (MGL), a Seychelles corporation. Although consumers of the exchange are not breaching the law,

December 16, 2022 1 min read

Prominent Entrepreneur Kevin O’Leary Criticizes Binance Over FTX Fall

Kevin O’Leary, a Canadian entrepreneur and star of the show “Shark Tank,” has today criticized the cryptocurrency exchange Binance, saying it intentionally caused the FTX to crash. The celebrity businessman said that Binance is a “massive, unregulated monopoly now” appearing at the Senate Committee on Banking, Housing, and Urban Affairs.

December 15, 2022 1 min read

Ark Invest’ Cathie Wood Continues Coinbase Stock Buying Spree

CEO of Ark Invest Cathie Wood has been known to ride out market downturns by stocking up on companies like cryptocurrency exchange Coinbase (COIN) and electric car manufacturer Tesla. Cathie Wood hasn’t changed her mind about Bitcoin or electric automobiles. Cathie Wood, the founder of Ark Invest, has predicted before

December 15, 2022 1 min read

Citi Downgrades Robinhood’s Stock From Buy to Neutral

Robinhood Markets (HOOD) stock was downgraded from “Buy” to “Neutral” by Citi because of uncertainty surrounding the United States Securities and Exchange Commission’s (SEC) upcoming market structure proposals. Along with Citi’s cautious equity market outlook, and the effect of the collapse of FTX, a cryptocurrency trading platform, on Robinhood Markets’

December 14, 2022 2 mins read

Justin Sun Withdraws $100M BUSD From Binance Exchange

On Wednesday, Justin Sun, founder of the Tron, withdrew 100 million BUSD stablecoins. The one hundred million BUSD withheld was deposited into the Paxos Treasury. On Tuesday, Binance CEO CZ said that Justin Sun’s transfer of 100 million USDC to Binance is an integral aspect of deploying BUSD on Tron

December 14, 2022 1 min read

Thailand SEC Warns of Stricter Crypto Regulations Post FTX Fall

Due to the FTX’s demise, another financial regulator stepped in. To safeguard its citizens’ savings, the Thailand Securities and Exchange Commission (SEC) is preparing to implement stricter rules on crypto assets in line with those of the international market. The SEC reportedly argued that authorities should take a more active

December 14, 2022 2 mins read
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