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 […]
Binance acquires regulated crypto exchange in Japan
Binance has managed to expand its services by either acquiring an operating license or buying a stake in a regulated entity. After purchasing a 100% stake in a recognized cryptocurrency service provider in Japan, cryptocurrency exchange Binance intends to reenter the market. On November 30, Binance CEO Changpeng Zhao said the cryptocurrency exchange was committed […]
Binance CEO says 127K BTC move is PoR audit procedure
The CEO of cryptocurrency exchange Binance has stated that significant sums of cryptocurrency are being moved as part of its proof-of-reserve (PoR) audits. On November 28, according to a tip from Whale Alert , Binance transmitted 127,351 Bitcoin, or more than $2 billion, to an unidentified wallet. On-chain data shows that the transaction took place […]
BNB revives its bullish strength as price soars above $290
BNB’s price rallies from a low of $250 to a high of $300. as the Bulls seize control of the price at the $300 demand zone As the market experienced a price fall that affected the majority of crypto assets, Binance Coin (BNB) recently outperformed the prior week, rising from $250 to a weekly high […]