Sat, June 27

Binance Unveils Merkle Tree Proof of Reserves (PoR) System

The Merkle tree Proof of Reserves (PoR) protocol was just announced by Binance, the largest crypto exchange.  To better show users where their money is going, Binance says this new function is a must-have. According to a recent tweet from WuBlockchain. The exchange plans to begin rolling out this capability

November 25, 2022 2 mins read

Binance Allotted $1 Billion Again for Crypto Recovery Funds

Binance contributed another $1 billion to industry recovery initiatives on November 24. And the fund was raised to the tune of $2 billion to protect the crypto firms’ recovery. Furthermore, Binance CEO Changpeng Zhao “CZ” indicated that all funds are in BUSD. Yesterday, #Binance allocated ANOTHER $1 billion to the

November 25, 2022 1 min read

Leading South Korean Exchanges Announces Delisting of WEMIX Token

The WEMIX token, used on the WEMIX gaming platform, has been delisted from many major South Korean cryptocurrency exchanges. The cryptocurrency venture recently disclosed that it was receiving funding from corporations including software giant Microsoft. Furthermore, the token’s delisting date was declared by the Digital Asset Exchange Joint Consultative Body,

November 25, 2022 1 min read

Bybit Introduces $100M Institution Support Fund

As a result of the crisis surrounding FTX, the cryptocurrency industry has been shaken to its core during the last two weeks. Both traders and organizations have been badly impacted since they have been confronted with monetary and/or operational challenges. As a leading cryptocurrency exchange, Bybit stated that it understands

November 24, 2022 1 min read

Amazon and Avengers Director to Release Mini Series on FTX

The directors of Marvel’s “Avengers” franchise have been engaged by Amazon to create a mini-series on the demise of crypto exchange FTX. Film trade publication Variety reports that “Avengers: Infinity War” and “Avengers: Endgame” filmmakers Joe and Anthony Russo, as well as the directors of Netflix’s “The Gray Man,” will

November 24, 2022 2 mins read

Indian Crypto Exchange CoinDCX Releases Proof of Reserve

Coinbase-backed cryptocurrency exchange CoinDCX collaborated with Nansen to provide proof-of-reserves on November 24. This coincided with a rise in the need for exchanges to disclose their business practices among crypto investors worldwide. The information offers an overview of CoinDCX’s overall financial position. Including its token and protocol distribution, asset value,

November 24, 2022 2 mins read

Crypto Exchange OKX Releases Proof of Reserves For Gaining Trust

OKX, a cryptocurrency exchange, has made available a Proof of Reserves page, where customers may verify the sufficiency of the company’s funds. After the demise of FTX, crypto exchanges have been under more monitoring. OKX tweeted and updated its blog about the new page. Users may verify the exchange’s funds

November 24, 2022 2 mins read

Binance CEO ‘CZ’ Discusses Several Topics Post FTX Fall

In an interview published on Thursday by Bloomberg, Binance CEO Changpeng Zhao “CZ” addressed a wide range of topics. There will be some ripple effect, he predicts, from the FTX crypto exchange’s demise for some time. The CEO of Binance, Changpeng Zhao (CZ), predicted that the fall of FTX will

November 24, 2022 2 mins read

Turkish Authorities Freeze Assets of FTX CEO SBF Amid Investigation

The Turkish Treasury and Finance Ministry said on Wednesday that an investigation into allegations of fraud against Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, had begun. To aid with their investigation, Turkish authorities have frozen the accounts of Bankman-Fried and its subsidiaries. The Minister of Treasury and

November 24, 2022 1 min read

Tron Founder Justin Sun Working Towards Buying FTX Assets

Known cryptocurrency advocate Justin Sun recently revealed that he and several investors were looking into buying assets from Sam Bankman-Fried’s failed FTX company. “We are willing to negotiate any kind of a deal.”  Mr. Sun said on Tuesday in Singapore to reporters that he thinks they should weigh all of

November 23, 2022 1 min read