Crypto.com Partners With MMA Star Kamaru Usman
Crypto.com has announced a partnership with MMA star Kamaru Usman. The partnership will offer giveaways to lucky fans.
Exchange News
Binance Crypto Reports Hidden by Mazars Auditing Firm
Binance’s billion-dollar proof-of-reserve audits have been withdrawn from the auditor Mazars’ website. Read CNL.
Huobi Global Wants to Expand Into a Global Exchange
Justin Sun, who supports and approves the execution of any and all ideas, said that there are plans to develop HuobiGlobal as a global exchange. Read CNL.
CZ: No Amount of Withdrawal Will Put Binance Under Pressure
Binance CEO Changpeng Zhao (CZ) went live on Twitter Spaces on December 14 to answer multiple questions regarding pressing issues today. During the ask-me-anything (AMA) session, he remarked “no amount of withdrawals” will put the exchange “under pressure.” To bring the uninitiated up to speed, Binance customers have been withdrawing their funds from the exchange en masse. In fact, on December 13 alone, Binance processed at least $6 billion. Earlier today, CZ posted that they have processed even more when the first version of TerraUSD (UST) and Terra (LUNA) collapsed. Also, he said that yesterday’s withdrawals were a mere “stress
US Inquiry Spurs Massive Binance `Stress Test` Outflow
Binance users have been withdrawing large quantities of money from the platform. This includes both the USDC/USD currency and other stablecoins. Read CNL.
SBF To Pay $250K, Bail, With Ankle Tag to Gain Freedom
Sam Bankman-Fried’s attorneys have filed a bail request in a Bahamas Magistrate Court. Lawyers suggest SBF pay $250K with an ankle tag.
Binance Cold Wallets Show $62 Billion Amid User Withdrawals
Binance has recently witnessed huge withdrawals from users who may have been worried about the exchange’s solvency. However, a look into cold wallets managed by the exchange shows that it has more than enough funds to process withdrawals. Based on the list of cold wallets provided by The Block’s Vice President of Research Larry Cermak, Binance is holding at least $62 billion worth of crypto. The figure may have reduced since the time the addresses were checked, but the point is that Binance has enough funds to enable customer withdrawals. According to Nansen, Binance has processed a spike of withdrawals
Binance CEO: Feel Free To Withdraw Any Other Stablecoin
After the largest cryptocurrency exchange in the world saw more than a billion dollars in outflow, the Binance CEO stepped in to reassure customers.
Binance Hits Back at Reuters for “Wrong” Reporting
The bottom may not be in, as new fear, uncertainty, and doubt (FUD) is floating in the air again. This time, it has something to do with the largest cryptocurrency platform in the world — Binance. Specifically, a report from Reuters said that American prosecutors are considering filing criminal charges against Binance for possible violation of the law, including money laundering and criminal sanctions violations. As per the report, the grounds for the charges date back from 2018, focusing on Binance’s compliance with anti-money laundering laws of the US. It is not clear if there is significant development happening around
Binance and CZ may Face US Money Laundering Charges
According to a report by Reuters, an investigation seems to be centered on Binance, which is the most significant bitcoin exchange in the world. Read CNL.
Paxful CEO to Send Weekly Emails Discouraging Exchanges
Ray Youssef, the Paxful CEO, will be sending weekly letters to subscribers recommending them against holding Bitcoin on any cryptocurrency exchange.
Binance Audit Findings Raise Red Flags, Analyst Says
The Wall Street Journal reports that Binance’s efforts to make its reserves more transparent raised financial red flags. Read CNL
