Binance Will Launch Proof Of Reserves To Ensure Transparency
This comes after CZ revealed that Binance would buy its rival FTX in order to protect against the liquidity crisis it is experiencing. The CEO of Binance, CZ, recently suggested that all cryptocurrency exchanges perform merkle-tree proofs of reserves. He added that, unlike banks, cryptocurrency exchanges, shouldn’t operate on fractional reserves. In order to allay […]
SEC Wins Case Against LBRY
In a dispute against a decentralized publishing platform, the U.S. Securities and Exchange Commission (SEC) won. In a victory for the Securities and Exchange Commission, a federal judge ruled on Monday that video-hosting platform LBRY Inc. sold its native token to American investors in an unlicensed manner. This decision could open the door for other, […]
BaFin Warns Coinbase Germany Of Business Violations
The exchange was mandated by Germany’s Federal Financial Supervisory Authority (BaFin) to ensure company organization. The German branch of Coinbase was directed to guarantee suitable corporate structure by Germany’s Federal Financial Supervisory Authority (BaFin). The operations of Coinbase Germany violated criteria for effective corporate organization, according to Germany’s BaFin. It claimed that the company’s organizational […]
BitMex Will Begin Trading BMEX Tokens On November 11
On November 11, BitMEX will begin trading native BMEX tokens, and token ownership and staking will result in further trading cost reductions. On Tuesday, the cryptocurrency exchange announced that it would begin trading the native BMEX coin on November 11. Holding and staking BMEX tokens on the BitMEX platform will provide reductions on trading fees, […]
Binance moves to acquire FTX exchange
Binance’s CEO has stated the intent of the company to acquire FTX exchange in what is described as an attempt to help cover the liquidity crunch. In a recent development, the CEO of Binance, Changpeng Zhao, often known as CZ, stated on Twitter that they had signed a non-binding Letter of Intent (LOI) to acquire […]