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While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month, statistics show that 14.77% of the reduction took place […]Powered by WPeMatico
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]Powered by WPeMatico
While the delisting didn’t concern many due to its inactivity, others questioned the focus on price for delisting as it may prompt projects to artificially pump the price.
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Bitcoin traders stay wary over Binance “FUD” triggering overly bearish BTC price action.
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Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed PoR audits from its site.
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Binance has faced a FUD-storm this week but a new CryptoQuant audit has verified its proof of reserves.
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Users initially panned Mithril’s return of deposit allegation until an original Binance listing document came to light that raised further questions.
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ […]Powered by WPeMatico
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations. $3 Billion Pulled Out From Binance at Peak, Nansen Data Shows Binance, the world’s largest […]Powered by WPeMatico
A US Senate committee heard details of the investor’s conversations with Sam Bankman Fried before the collapse.
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