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Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
24.11.2022
The Binance fund will be open to contributions from other industry players
Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’
23.11.2022
On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed...
Binance and Paxos’s BUSD: High Quality Reserves, Audits, and Regulation
23.11.2022
What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this piece is intended as an explanation of BUSD. First and foremost, BUSD is a stablecoin pegged to the US Dollar...
Binance's Crypto Mining Pool Adds Ravencoin Support
23.11.2022
Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge
Coinbase CEO Reveals Company Holds Over $39 Billion Worth of BTC In Response to Now-Deleted Binance CEO Tweet
23.11.2022
As major crypto exchanges are intensifying efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has revealed that his company holds crypto reserves that include some BTC 2 million worth about $39.9 billion.
“We hold ~2M BTC. ~$39.9B worth as...
Binance US Steps Into National Politics With New Campaign PAC
23.11.2022
As campaign mega-donor Sam Bankman-Fried and his FTX compatriots vanish from U.S. policy circles, their absence left a void in the crypto industry’s political involvement. Part of that may be filled by the U.S. arm of rival Binance
Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings
22.11.2022
Coinbase CEO Brian Armstrong indirectly addressed CZ’s tweets as “FUD.”
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’
22.11.2022
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares...
Singapore central bank explains why Binance was on its alert list, but FTX wasn’t
22.11.2022
The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators
Binance's CEO Sows Doubt in Crypto Rival Coinbase and Digital Asset Manager Grayscale – Then Backtracks
22.11.2022
Changpeng Zhao quickly deleted a tweet that called the companies' disclosures into question
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
22.11.2022
Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues, but was not for "liars or frauds."
Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg
22.11.2022
Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis
Orbeon Protocol (ORBN) sells out of stage one presale, TRON (TRX) and Binance (BNB) prices see strong support
22.11.2022
This year the cryptocurrency industry has been in a constant bear market. This has inspired many to call it one of the worst crypto winters ever. Despite the negative market, Binance Coin (BNB) and TRON (TRX) are seeing significant support as Orbeon Protocol sells out its first round of presale...
Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says
22.11.2022
Bitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow
Crypto Firm Genesis Struggles to Raise Fresh Capital, In Talks with Binance – Next Domino to Fall From FTX Contagion?
22.11.2022
The troubled crypto trading firm Genesis is reportedly struggling to raise fresh funds for its lending unit - and may be headed into bankruptcy.
According to Bloomberg, citing people with knowledge of the matter, the company has spent the past several days looking to raise a minimum of $1 billion...
Binance Pool announces the launch of its Cloud Mining service
22.11.2022
The latest service release from Binance Pool has recently generated market-wide interest. The platform’s Cloud Mining service has been launched to facilitate user access to mining equipment. Users will earn mining incentives via Binance Pool as a result of the development. After...
Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
21.11.2022
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips
News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo
21.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: News Summary: Nexo Sued in UK, FTX Japan to Resume Withdrawals by Year End, ConsenSys Partners with Celo
Serum price soars 140% in one week amid FTX 'exit pump' fears
21.11.2022
FTX exposure risk has not stopped Serum price from a massive rally despite major cryptocurrency exchanges delisting SRM
Binance makes moves in hardware wallet industry with new investment
21.11.2022
Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round