Crypto and blockchain association (MEAACBA) launches in Abu Dhabi
A new blockchain body dubbed The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) has been launched in Abu Dhabi and has the backing of crypto exchanges and industry leaders in the regions. In Abu Dhabi’s free economic zone, a new blockchain and cryptocurrency-focused association have been established with the goal of advancing […]
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 […]
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 […]
CZ Binance rejects Alameda’s offer for its FTT holdings
The CEO of cryptocurrency exchange Binance, also known as CZ Binance appeared uninterested in Alameda Research’s offer to purchase Binance’s FTX Token FTT holdings. Binance CEO reacted on Twitter on November 7 to an inquiry asking if he would accept Alameda Research CEO Caroline Ellison’s offer to purchase Binance’s FTT holdings for $22 per token. […]
Binance to sell off all of its FTX Token holdings
Binance CEO Changpeng Zhao cited “recent revelations” as the basis for the liquidation, stating the sale of FTX tokens might take months. Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, announced that his company would liquidate all of its holdings in FTX Token, the native token of rival exchange FTX. Zhao stated that the […]