Binance’s Proof of Reserves is Solid: CryptoQuant Report
On-chain analysis platform CryptoQuant said that Binance’s proof of reserve (PoR) is indeed trustworthy. Read CNL for more.
binance
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Binance’s billion-dollar proof-of-reserve audits have been withdrawn from the auditor Mazars’ website.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.
Microsoft Bans Crypto Mining To Increase Trust Rates
Microsoft is increasing the stability of its cloud services by imposing new limits on activities such as cryptocurrency mining. 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 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 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
Crypto.Com’s Bitcoin Reserves are Collateralized by 102%
A Mazars audit on Crypto.com`s Bitcoin reserves reveals that the cryptocurrency exchange`s reserves are collateralized by 102%. Read CNL for more.
Ex-Binance Strategy Chief Says Buy Crypto Now
Former Binance Chief of Strategy Gin Chao said that now is a good time to invest in cryptocurrencies and companies. Read here.
Ankr Was Hit by a Multi-Million Dollar Exploit on Dec. 1
The alleged attacker of the DeFi protocol, Ankr, was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC.
Binance Works With Mazars for Its PoR Bitcoin Audits
Binance is collaborating with the accounting firm Mazars as part of its proof-of-reserve audits driven by FTX’s decline.
Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless
The most recent exchange to disclose its reserves is Binance, however, Kraken’s CEO Jesse Powell went ahead to attack the exchange.
