Archives

December 21, 2022 @ 12:03 pm By Omar Faridi  |  

The team at Binance is pleased to announce that they have joined the Chamber of Digital Commerce, a blockchain and cryptocurrency trade association. Binance has joined the Chamber’s Executive Committee in order “to move the blockchain industry forward alongside other industry players.” Binance VP of… Read More

December 16, 2022 @ 12:50 pm By JD Alois  |  

Mazars, an international accounting firm, has pulled its proof of reserves report on Binance, according to multiple reports. Mazars apparently has halted all work on crypto platforms. Mazars has yet to issue a statement on its decision. Most recently, Mazars posted a Proof of Reserves… Read More

December 13, 2022 @ 11:20 am By JD Alois  |  

Nansen, a crypto and blockchain data provider, has sent over a graph of crypto outflows taking place on Binance. The visual charts activity from September 14, 2022 to December 13, 2022. According to Nansen, from the last 6 months to the last 24hrs, Binance’s withdrawals… Read More

December 13, 2022 @ 9:35 am By JD Alois  |  

The rising concern of more enforcement actions targeting crypto exchanges is taking a toll on the world’s largest centralized operation Binance, according to a report by Reuters.  Citing data provided by Nansen, it is being claimed that Binance has experienced $1.9 billion in withdrawals in… Read More

December 12, 2022 @ 12:07 pm By JD Alois  |  

Federal prosecutors are debating whether or not to file charges against the world’s largest crypto exchange – Binance, according to a report by Reuters. The US Department of Justice is undecided as to if they should pursue criminal charges against Binance, with an ongoing investigation… Read More

December 8, 2022 @ 3:11 pm By Omar Faridi  |  

Binance.US, the U.S. partner to one of the world’s largest crypto exchange and America’s home to buy, sell, trade, convert and stake digital assets, announced that it “has expanded its zero fee pricing model to now include Ethereum (ETH), effective immediately.” All new and existing… Read More

December 3, 2022 @ 4:29 pm By Omar Faridi  |  

The team at Binance is pleased to announce that Binance Custody has “completed our SOC 2 Type 1 and SOC 2 Type 2 attestations.” Their completion demonstrates their commitment “to information security and privacy protection by closing the year with an array of security examinations.”… Read More

December 1, 2022 @ 11:23 am By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, announced it has “acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider.” Through this acquisition, Binance enters “the Japanese market, as a Japan Financial Services Agency (JFSA)… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 27, 2022 @ 7:59 pm By Omar Faridi  |  

Binance‘s management has answered a few follow-up questions from the community about “how funds and wallets are managed at Binance.” Binance explains that it “holds all of its clients’ crypto-assets in segregated accounts which are identified separately from any accounts used to hold crypto-assets belonging… Read More

November 25, 2022 @ 5:04 pm By Omar Faridi  |  

As a “leading” player in crypto, Binance claims that it understands that they have a responsibility “to lead the charge when it comes to protecting consumers and rebuilding the industry.” That is why Binance has established the Industry Recovery Initiative (IRI), “a new co-investment opportunity… Read More

November 15, 2022 @ 6:27 pm By JD Alois  |  

Money that fled FTX is looking for a place to land. But FTX is not necessarily the only platform that is losing crypto assets, at least according to a Tweet thread from Nansen. We are seeing more deposits than withdrawals to these exchanges in the… Read More

November 14, 2022 @ 9:04 pm By Omar Faridi  |  

Binance, which claims to be the world’s “leading” blockchain ecosystem and cryptocurrency infrastructure provider, entered into a joint venture (JV) agreement with Royal Group of Companies, Cambodia’s strategic investment holding company, “to solidify the relationship between the two parties and to expand blockchain ecosystem in… Read More

November 14, 2022 @ 6:24 pm By JD Alois  |  

Chengpeng “CZ” Zhou, the founder and CEO of Binance, announced a new “Industry Recovery Fund” following the collapse of FTX and the affiliated collateral damage that has harmed numerous crypto firms. Revealed via Twitter, CZ stated: To reduce further cascading negative effects of FTX, Binance… Read More

November 11, 2022 @ 3:40 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has “selected 12 top-performing projects for season 5 of its accelerator program.” The new season “officially kicked off on November 7.” The biannual and “chain-agnostic” Binance Labs Incubation Program “offers a 8-week curriculum tailored to… Read More

November 10, 2022 @ 1:03 pm By JD Alois  |  

Some observers believe that the potential collapse of FTX will be the death knell of crypto markets. The lack of regulation, a failure of management, and the destruction of investor trust have impacted the entire crypto industry. FTX CEO Sam Bankman-Fried, once the darling of… Read More

November 9, 2022 @ 4:15 pm By JD Alois  |  

A Fox news correspondent is reporting that Binance has decided purchasing FTX is not a good idea and has declined to acquire the crypto exchange after it got a view of its books. Eleanore Terrett of Fox was first with the news quoting Binance Chief… Read More

November 9, 2022 @ 1:18 pm By JD Alois  |  

Things are going from bad to worse for FTX, which was the second-largest crypto exchange in the world – just last week. Reports have filtered in that regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are “probing” FTX.us… Read More

November 9, 2022 @ 10:46 am By JD Alois  |  

Jeremy Allaire, the CEO and founder of Circle – the issuer of dollar-based stablecoin USDC, has posted on Twitter his thoughts on the FTX – Binance drama. The rapid collapse of FTX, and the need to beg for a bailout by Binance, has called into… Read More

November 9, 2022 @ 10:33 am By JD Alois  |  

The rapid demise of FTX, once the second-largest crypto exchange in the world, continues to impact crypto markets and the industry in general. Bitcoin is now at a year-to-date low, trading at around $17,700. FTT, the native digital asset of FTX, has cratered, trading at… Read More