Binance.US Agrees To Buy Voyager’s Assets For $1.02B
Voyager Digital, the bankrupt crypto lender, said Binance.US has agreed to buy its assets for $1.022 billion. In accordance with a fresh press release released on December 19, the cryptocurrency exchange Binance.US will pay $1.022 billion to buy the assets of the defunct lender Voyager Digital. The company said that Binance.US represented the “highest and […]
Binance auditor Mazars suspends proof-of-reserves services
Binance announced its auditor Mazars has suspended its services, including proof-of-reserves for other cryptocurrency exchanges. According to the company’s official website, Mazars Veritas, a division devoted to auditing cryptocurrency exchanges, has been completely stopped. The tool was created by Mazars utilizing the Silver Sixpence Merkle Tree Generating tool to supplement proof-of-reserve reports in order to […]
Binance US makes mobile payments available to its customers
Binance US has implemented a service named “Pay” for US consumers, which its global parent launched to users outside the US in 2021. Binance US, a cryptocurrency exchange based in the United States, has finally launched its Binance Pay service, 22 months after the global exchange offered the functionality to its users outside the United […]
Mazars says Binance’s bitcoin reserves are fully collateralized
Mazars confirmed that Binance possessed control over 575,742.42 of customers’ Bitcoins (BTC) worth $9.7 billion at the time of publication. Mazars, a South African auditor, confirmed on December 7 that cryptocurrency exchange Binance, had control over 575,742.42 Bitcoin (BTC $16,799), worth $9.7 billion at the time of publication, of its users. “Binance was 101% collateralized,” […]
Binance Hires Former Trump Accounting Firm Mazars
Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. The Wall Street Journal reported on Nov. 30 that Mazars, the accounting firm that worked for the business of former US President Donald Trump, had been chosen as the official auditor to carry out a […]