Binance CEO Dismisses Criticism, Claims ‘no liquidity issues’
Changpeng Zhao stated that despite the FUD, the crypto industry has scored a number of significant victories in recent weeks. Changpeng ‘CZ’ Zhao, co-founder and CEO of Binance, has dispelled recent rumors about his company, affirming that its balance sheet and employee retention remain robust despite recent market volatility. In a Sept. 7 post on […]
Binance releases new API spot trader feature
Binance, a major cryptocurrency exchange, has introduced a new feature that will stop users from self-trading on the platform. Binance unveiled the Self-Trade Prevention (STP) feature in a blog post on January 25 for customers who use the platform’s spot trading API to trade on the spot market. The new feature, which becomes operational on […]
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 launches official Merkle Tree-based proof of reserves
Binance announced its official answer two weeks after initially pledging to create a proof-of-reserve (PoR) system in response to the FTX liquidity and bankruptcy catastrophe. The exchange explained how users can utilize the system to check its holdings in an announcement on the Binance website. The Merkle Tree-based method can currently only verify Bitcoin (BTC […]
Binance Targets $1B Recovery Fund For Distressed Crypto Assets
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets. Binance plans to contribute $1 billion to a suggested industry recovery fund, and its CEO announced plans for a fresh offer for the assets of the defunct Voyager bitcoin loan company. In an interview with BloombergTV on […]