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Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
9.11.2022
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]
Binance to Provide Proof-of-Reserves Following FTX Bust – Other Exchanges to Follow Suit?
9.11.2022
Major crypto exchange Binance will follow Gate.io 's and Kraken's example and start doing Proof-of-Reserve (PoR) audits, said CEO Changpeng Zhao.
Zhao, known as CZ, tweeted on Tuesday evening (UTC time) that Binance would "soon" start to do proof-of-reserves, arguing that:
"All crypto exchanges...
Binance tops up SAFU fund at $1 billion amid price fluctuations
9.11.2022
Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on
Crypto Prices Crash as FTX Crypto Exchange Collapses – What We Know So Far
9.11.2022
The price of almost all major cryptocurrencies crashed today after it was announced that major crypto exchange FTX will be acquired by rival Binance in a strange turn of events.
The world's largest cryptocurrency has lost more than 8% over the past 24 hours, currently trading around the $18,000...
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
9.11.2022
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days
Report: FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ Withdrawals
8.11.2022
According to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com...
Binance's FTX acquisition seen as chess move by crypto community
8.11.2022
Binance's decision to liquidate 23 million FTT tokens triggered FTX's liquidity crisis
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
8.11.2022
Solana and FTX token saw a sharp rebound after headlines announced that Binance would acquire FTX due to liquidity issues, but will the upside last?
CZ Says Binance Intends to ‘Fully Acquire FTX,’ Sam Bankman-Fried Confirms Transaction
8.11.2022
After all the speculation surrounding the crypto exchanges Binance and FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX. CZ detailed that FTX asked for help and noted there is a “significant liquidity crunch.” FTX CEO Sam Bankman-Fried has confirmed...
FTX CEO Sam Bankman-Fried Speaks Out Amid Binance Drama – Denies Insolvency, Says Withdrawals Will Continue
8.11.2022
FTX CEO Sam Bankman-Fried has denied insolvency rumors amid mounting speculations that his exchange is facing liquidity issues, as evident by Binance's move to dump all its FTT holdings.
In a series of tweets on Monday, Bankman-Fried referred to the speculation as FUD, claiming that...
Binance CEO not interested in Alameda's offer to buy up its FTT holdings
8.11.2022
CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance's FTX Tokens saying they'd rather “stay in the free market.”
SBF calls for collaboration with Binance 'for the ecosystem'
7.11.2022
FTX's founder denied liquidity issues with FTT token and claimed to be the victim of false rumors
Here's why Binance's CZ invested in Twitter following Elon Musk acquisition
5.11.2022
“Free speech is a prerequisite for having freedom of money, which we are building for,” said CZ, highlighting the importance of Twitter as a platform to voice opinions
Crypto Biz: Was Celsius just a Ponzi after all?
4.11.2022
The bankrupt crypto lender has been accused by customers of being a Ponzi. Meanwhile, Binance's $500 million investment in Elon Musk's Twitter has been confirmed
Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept
4.11.2022
The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government...
CZ on central bank digital currencies: 'The more we have, the better'
3.11.2022
Binance CEO Changpeng "CZ" Zhao says there is room for CBDCs and crypto, and that he didn't see it as a threat to his company or the sector
Binance CEO Reveals Main Reason For Investing $500 Million in Elon Musk Twitter Deal
2.11.2022
Binance CEO Changpeng Zhao (CZ) has shared that his company invested $500 million into Elon Musk's buyout of Twitter in a bid to support the freedom of speech.
At the opening event of Europe's largest tech conference, the Web Summit, in Lisbon, the CEO said he was "extremely supportive"...
National Bank of Kazakhstan to Integrate Digital Tenge With BNB Chain, Binance CEO Unveils
28.10.2022
The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work...
Binance wired $500M to back Musk’s Twitter takeover — CZ
28.10.2022
The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed
Binance Confirms $500 Million Investment in Elon Musk Twitter Takeover
28.10.2022
Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover.
Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time):
"Our intern says we wired...