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
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.
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
Apart from just having a native coin, the world’s largest global exchange, the Bianance, has now come up with their very own stablecoin, known as the BUSD. Thai stablecoin is completely backed up directly with US dollars as cash. In addition, Paxos is the major partner in development to bring
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
On Monday, reports surfaced that the U.S. Department of Justice (DOJ) is weighing whether or not to file criminal charges against Binance and its officials for money laundering. This has led to significant withdrawals. And high levels of user activity on the cryptocurrency market during the last two days. The
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
The biggest cryptocurrency exchange by trading volume, Binance, has replied to a Reuters piece saying the U.S. Department of Justice (DOJ) uncovered solid evidence of breaking U.S. sanctions, namely anti-money laundering laws. Binance has responded to Reuters’ allegations. By saying that their platform is well-protected against any instances of money
Binance Labs, the venture capital arm of the biggest cryptocurrency exchange in the world, has announced it would lead a private round II for GoPlus Security. A move that is in line with the company’s aggressive investment ambitions despite the current bear market. Not much is known about the investment’s
Despite the world’s largest centralized cryptocurrency exchange Binance’s efforts to boost transparency, its reserves also revealed warning signs in the exchange’s finances. Binance has lack information regarding the exchange’s business structure and its funds are still a mystery, as per the WSJ report. Last month, Binance partnered with the global
