Shiba Inu (SHIB), the memecoin being held in the Binance platform exceeds the amount of SHIB in Crypto.com. Recently, the crypto exchange Crypto.com mentioned around 20% of its reserve is occupied by the SHIB. The valuation of the SHIB is nearly $558 million. Whereas now, Binance holds 87 trillion SHIB
The Monetary Authority of Singapore (MAS), the regulator in charge of the crypto sector, has defended the action it took against Binance, rather than the bankrupt crypto platform FTX. The central bank also warned that cryptocurrencies are extremely volatile, with many losing all of their value. And, on Nov 21,
In a recent announcement, Binance said that it will no longer support trading pairings involving the SRM token issued by Serum including against the Binance exchange token (BNB), Bitcoin (BTC), and Tether’s stablecoin (USDT). Serum is the token used for governance on the decentralized Solana-based exchange backed by FTX and
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
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
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
The adoption of cryptocurrency is spreading over the variant continents undoubtedly, but still, the position held by the fiat currencies is vital. It may take a few more years for crypto to be in everyday use. Prominent crypto firms like Binance, are acting as catalysts to speed up this process.
In the aftermath of FTX’s bankruptcy, SafePal, the Binance-backed decentralized wallet brand with software, hardware, and extension wallet products, has announced record levels of new customers. Since November 11, the platform has seen a 10x surge in traffic, and over the same time, SafePal’s web3 hardware wallet has had record-breaking
Following the Ethereum merge upgrade, cryptocurrency miners seek new ways to mine tokens. As Binance Pool, the crypto exchange’s mining pool service is added Ravencoin (RVN) to its list of supported mining tokens, as per the statement published on Wednesday. In addition, the RavenCoin (RVN) mining pool charges 1% in
Genesis Global Capital, a lending division of Genesis Trading, temporarily halted withdrawals at the end of last week. The parent business, Digital Currency Group, said that they made the call because of the “extreme market dislocation” and “loss of industry confidence” that FTX’s collapse created. The corporation promptly applied for
