On December 20th, reports surfaced that Sam Bankman-Fried (SBF), the founder of the insolvent cryptocurrency exchange FTX, signed paperwork authorizing his transfer to FBI agents for extradition to the United States to face criminal charges. This was anticipated since on December 19 Bankman-Fried was said to have accepted in principle
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
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
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.
Spatial’s development toolkit allows anyone to recreate photo-realistic image quality and experiences in seconds NEW YORK–(BUSINESS WIRE)–Spatial, immersive 3D social platform for creatives to build their online worlds, connect and share digital experiences, today announced the Spatial Creator Toolkit powered by Unity, taking away the friction for digital designers and
Annual Report Identifies Five Macro Trends Projected to Shift the Relationship Dynamic Between People and Businesses in the Coming Year NEW YORK–(BUSINESS WIRE)–Following several years of constant global instability, people are gaining greater access to emerging technologies — including AI, web3, and tokenization — which is advancing the next generation
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
After being available to clients outside the United States since 2021. Binance US has now implemented the Binance Pay service for cryptocurrency transactions. Mobile users of the Binance app in the U.S may quickly trade roughly 150 supported cryptocurrencies without fees. The service went into beta internationally in February 2021
The world’s largest cryptocurrency exchange by trading volume, Binance, flooded with withdrawals on Monday following several news stories about the controversy among the Department of Justice (DOJ) charges. In addition, Binance native token BNB has experienced significant declines in its market cap. According to the CoinDesk report, Binance’s net outflows
At the start of the day, the Binance Coin (BNB) market was dominated by bears, with prices plummeting to a low of $273.93. On the other hand, the bulls came in to reject this unfavorable trend, increasing the price by 7% to $290.94. Throughout the day, BNB’s bullish trend established
