The CEO of Binance, Changpeng “CZ” Zhao, announced that his exchange would soon launch a Proof-of-Reserves audit mechanism to enable verification of its holdings of digital assets in the wake of the liquidity issue and the acquisition of cryptocurrency exchange FTX. All crypto exchanges should do merkle-tree proof-of-reserves. Banks run
Following recent developments, Binance CEO Changpeng Zhao declared over the weekend that the exchange will sell off all of its FTT holdings. After the announcement, the price of FTT dropped dramatically, losing about 10% of its value in a single day. Before the crypto community had time to process what
As the digital asset market continues to grapple with the scandal surrounding trading firm Alameda Research’s balance sheet, traders in Asia rose to a market that was partially in the red. As a result of a public dispute between Binance CEO Changpeng CZ Zhao and Alameda CEO Caroline Ellison over
Binance CEO Changpeng Zhao also known as CZ announced his decision to sell all FTT tokens. FTT is a native currency of the most prominent crypto exchange FTX. Binance is world’s largest cryptocurrency exchange by daily trading volume and it holds around 23 million FTX tokens, valued at about $517
FTX is third only to a George Soros-owned corporation and a firm called Uline. The efforts may pay off in the form of improved regulation for the cryptocurrency industry. Sam Bankman-Fried, a crypto billionaire, is one of the biggest contributors to the 2022 U.S. midterm elections. It has been shown
Despite the bear market, crypto adoptions are widely spreading across all areas around the world. In that case, in order to retain and keep its users engaging, FTX – an institutional crypto exchange has brought up an update. It is now accessible for all FTX users to send crypto’s via
Sam Bankman-Fried, expressed early interest in making an investment. Musk and FTX CEO Sam Bankman-Fried had a short text conversation in April. An agreement for Elon Musk, the wealthiest man in the world, to purchase Twitter was finalized on Friday, October 28. Since then, a lot has taken place, with
FTX exchange plans to create stablecoin. FTX Token traded at $24.55 with a price surge of over 8% in the previous week. FTX one of the prominent cryptocurrency exchange CEO Sam Bankman-Fried stated, in a recent interview that the company is presently working to create a stablecoin. Stablecoin is known
SBF gave a clear message to its consumers that they must exercise more caution. This compensation from FTX to impacted users is a one-time deal. Over the last several years, crypto phishing assaults have skyrocketed. All it takes is one malicious file attached to an email for this to happen.
A Twitter user called the idea a “step backwards.” Erik Voorhees said that the CEO was praising the OFAC. After the proposal for a legal framework for cryptocurrencies by FTX founder and CEO Sam Bankman-Fried (SBF) caused a stir earlier this week, he resorted to Twitter to try to quell
