Binance Suspends Some Accounts Amid Bitzlato Case
In a tweet earlier today, Whalechart claimed that Binance, has blocked certain accounts due to a dispute with Bitzlato, a crypto trading platform.
In a tweet earlier today, Whalechart claimed that Binance, has blocked certain accounts due to a dispute with Bitzlato, a crypto trading platform.
WazirX says that Binance, a behemoth crypto exchange, lied about ownership of the former as the dispute about India’s largest exchange escalates. Read CNL.
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
Binance users have been withdrawing large quantities of money from the platform. This includes both the USDC/USD currency and other stablecoins. Read CNL.
After the largest cryptocurrency exchange in the world saw more than a billion dollars in outflow, the Binance CEO stepped in to reassure customers.
Recently, Tron ecosystem creator Justin Sun tweeted that he had deposited $100 million in a bid to stabilize the struggling cryptocurrency exchange.
Georgia’s Prime Minister Irakli Garibashvili met with Changpeng Zhao, Co-Founder, and CEO of BINANCE, the biggest cryptocurrency exchange at the time.
Sakura Exchange BitCoin (SEBC), was acquired by cryptocurrency exchange operator Binance on Wednesday in order to expand into the Asian nation.
The released Binance proof of reserves system starts with $BTC at launch, with other tokens and networks being added in the next couple of weeks
Binance cryptocurrency exchange said on Thursday that it will devote $1 billion to creating an industry recovery initiative (IRI) to fund crypto businesses.
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.
Binance has published information on their hot and cold wallet addresses as part of the ongoing commitment to openness and encouraging trust in the ecosystem.