9 seconds ago | 2 mins read Exchange News Binance plans to begin rolling out this capability with Bitcoin (BTC) before expanding. The leading exchange is also working on implementing ZK-SNARKs for PoR...
Tag: Binance
Binance Removes Trading Pairs for FTX-Linked Serum Token
Binance, the world’s largest crypto exchange, will remove multiple trading pairs for the DEX protocol Serum (SRM), which is known to have deep ties to both FTX and Alameda Research. The token will no...
Why Is Binance Pumping $1bn Into This Crypto Initiative?
Join Our Telegram channel to stay up to date on breaking news coverage The Binance exchange has announced that it will spend $1 billion to set up an industry recovery fund. This fund will provide fina...
Binance Coin Revives Its Bullish Strength Above $290; Will Bulls Defend This Area?
BNB’s price bounces off from $250 as the price rallies to a high of $300 as bulls take charge of the price. BNB’s price remains strong as bulls reclaim $300 despite uncertainty in the market traders ...
Crypto Giant Binance Releases Proof of Reserves System in Push Toward Transparency
Global crypto exchange giant Binance is releasing a proof of reserves (PoR) system to increase transparency following the FTX implosion. Binance says they are committed to disclosing proof of reserves...
Binance’s Zhao says industry is ‘healthier’ after a ‘nasty’ year
Binance CEO Chanpeng Zhao said the industry is in a “healthier” place after a “nasty” 2022, and he expects better thing in 2023. “I would expect recovery,” Zh...
Is the Binance SAFU Fund Safe? Willy Woo Raises Concerns
Following the FTX and Alameda implosion, Willy Woo – a famous Bitcoin on-chain analyst – has raised concerns over the Binance insurance fund. According to Woo, Binance’s use of BNB coin as part of the...
Whales Abruptly Move Over $420,000,000 in XRP, Binance Coin, Polygon and Curve – Here’s Where the Crypto’s Going
Crypto whales are abruptly moving hundreds of millions of dollars worth of XRP, Binance Coin (BNB), Polygon (MATIC), and Curve (CRV). New data from what-surveying platform Whale Alert shows that deep-...
Binance publishes official Merkle Tree-based proof of reserves
Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement o...
Bitcoin, Binance Coin, XRP, and Cardano Daily Price Analyses – 25 November Morning Prediction
The global crypto market has continued to face difficult times as the bearish trend continues. The recent changes for Bitcoin show that it has continued to shed value while Binance Coin and some other...
Solana Ecosystem Faces Another Blow With Latest Binance News
Solana Latest News: In yet another setback for the Solana ecosystem, the trading pairs of a project partnered by FTX, Alameda Research, and Solana have been stopped by Binance. The move comes in the w...
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon – Bitcoin News
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the sna...
Binance Allotted $1 Billion Again for Crypto Recovery Funds
4 hours ago | 2 mins read Exchange News CZ claimed that $1 billion is earmarked for the recovery of crypto companies. Binance CEO Changpeng Zhao “CZ” indicated that all funds are in BUSD. Binance cont...
Binance publishes BTC proof of reserves to provide more transparency on customer funds
Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher tha...
Binance Leads PoR Effort, Bitcoin’s Battle Above $16K and Crypto Market’s Attempt at Recovery: This Week’s Recap
The past week was somewhat positive for the entire cryptocurrency market, both in terms of pricing and overall developments. While the meltdown of FTX looms over the industry and most market participa...
Binance Publishes Proof of Reserves System For BTC, More Assets to Follow ⋆ ZyCrypto
Advertisement     Today Binance released its first Merkel Tree Proof of Reserves (PoR) system as a show of its commitment towards transparency following the collapse o...
Binance SAFU Fund Suspiciously Risky With 44% Held in BNB
The Binance insurance fund for users holds a suspiciously high amount of the exchange’s own token, Binance Coin, according to one analyst. Binance established the Secure Asset Fund for Users (SAFU) in...
Users Can Now Verify the Bitcoin They Own on Binance via Merkle Tree
The world’s largest cryptocurrency exchange – Binance – introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves. The feature will initially show only ...
Binance Unlock New Feature For Bitcoin Holders
Top cryptocurrency exchange Binance, in a recent announcement, unveiled the Merkle tree Proof of Reserves (PoR) system. According to Binance, this feature will increase transparency for user’s funds. ...
Binance, others line up bids for bankrupt Voyager after FTX collapse
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty ...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s effo...
Binance releases proof-of-reserves system, starting with bitcoin
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. This comes just weeks after rival exchange FTX collapsed, aft...
Binance Deploys $2 Billion To Save Crypto Industry After FTX’s Fall From Grace ⋆ ZyCrypto
Advertisement     Binance has committed $2 billion to the firm’s crypto rescue fund as it aims to help rebuild the industry. Binance founder and CEO Changpeng Zhao sai...
Binance Recovery Fund Worth $1B, Crypto Daily TV 25/11/2022
In Todays Headline TV CryptoDaily News: Binance targets $1B recovery fund. Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpe...
Binance clarifies initial $1 billion recovery fund deposit came from own assets
Crypto exchange Binance clarified that an initial $1 billion deposit to its crypto industry recovery fund came from its own assets after details of the transferring wallet raised questions among some ...
Binance CEO “CZ” Adds Another $1B In BUSD To Industry Recovery Initiative
Binance CEO Changpeng “CZ” Zhao on Friday said the crypto exchange Binance has allocated another $1 billion in BUSD to the Industry Recovery Initiative (IRI). The move comes after several people in th...
Binance welcomes Web3 leaders to lead Web3 industry recovery
The major cryptocurrency exchange, Binance, recently announced a collaboration with Web3 leaders. The integration will place them at the helm of Web3 IRI (Industry Recovery Initiative). IRI will creat...
Binance Plans to Raise $1 Billion for a Crypto “Recovery Fund,” and May Purchase FTX Assets
Join Our Telegram channel to stay up to date on breaking news coverage The founder and CEO of Binance stated that the company’s crypto rescue fund will begin with $1 billion to distribute as it assume...
Willy Woo Raises Concerns On “BNB-Backed” Binance SAFU Fund
Popular on-chain analyst Willy Woo raised concerns over Binance’s Secure Asset Fund for Users (SAFU) Insurance Fund. He believes it’s not safe to put “incidence-correlated BNB” in the SAFU fund. Willy...
Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday afte...
Binance Coin Price Prediction: How High Can BNB Price reach in 2025?
Binance Coin (BNB) has historically risen silently and steadily to become one of the most beneficial cryptocurrencies by market capitalization. Above everything else, the emergence of Binance, the wor...
Binance Allocates Additional $1B for Crypto Recovery Fund
The post Binance Allocates Additional $1B for Crypto Recovery Fund appeared first on Coinpedia Fintech News Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, eff...