Binance Exchange Leads in The Number of Bitcoin Reserves
For the first time, Binance takes the lead in the number of Bitcoin reserves on the exchange. This is after surpassing Coinbase`s rank in the pair`s reserves.
For the first time, Binance takes the lead in the number of Bitcoin reserves on the exchange. This is after surpassing Coinbase`s rank in the pair`s reserves.
FTX exchange has fired three of its prime executives, together with co-founder Gary Wang, the Wall Avenue Journal reported on Friday, citing an FTX spokeswoman.
According to a bankruptcy petition by the company’s new CEO John Ray III, FTX utilized corporate cash to buy residences for its workers.
20 hours after publishing proof of reserves, Binance moved 2.7 billion USDT to another wallet. There is no reference to this wallet being a Binance wallet.
Binance. U.S, the US branch of the world’s largest cryptocurrency exchange is planning to make a bid for the insolvent loan platform Voyager Digital.
Temasek Holdings, a Singaporean state investor, said that it will write off the whole value of its $275 million stake in the collapsed crypto exchange FTX.
Sam Bankman-Fried has been dubbed the Bernie Madoff of crypto after his firm, FTX, was insolvent and its filing for chapter 11 bankruptcy on November 11.
Along with the collapse of competitor exchange FTX, Binance saw record volumes of withdrawals of Bitcoin, Ethereum, and stablecoins. Read CNL.
Influencers in the cryptocurrency sector have been advising that all funds be completely withdrawn from exchanges like Gate.io and Cex.io. Read CNL.
Crypto.com’s 20% reserves were in meme coin Shiba Inu FTX tokens have withdrawal limits in the exchange Crypto.com assures continuous user withdrawals Crypto.com’s CEO, Kris Marszalek responded to users who asked why about 20% of the exchange’s reserves were in meme coin Shiba Inu by saying that these deposits were just from customers. Additionally, the company denied that Crono, the exchange’s native cryptocurrency, was used as collateral for loans. According to Marszalek, the exchange doesn’t need to use because it earns a fairly substantial amount of revenue, so he prefers to concentrate on that instead. He also assured that the
The CEO of Crypto.com asserted that the company would disprove any claims that the platform is in jeopardy, and that it has a strong balance sheet. Read CNL.
Binance, the crypto exchange behemoth, is creating an industry recovery fund to aid enterprises that are otherwise solid but are affected by the liquidity crisis.