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Binance Launches Proof of Reserves System In Line With Its Commitment Towards Transparency

Binance launches Proof-of-Reserves in a bid to show transparency. The crypto community reacts to this milestone

Binance Commits $1B As Recovery Fund For Distressed Crypto Companies

Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.

Bybit To Aid Institutional Traders By Launching $100M Support Fund

Bybit announced its plans to launch a $100M support fund to help institutional traders and market makers brave the current market conditions.

Binance CEO CZ Confirms Plan To Restart Bid For Bankrupt Crypto Lender Voyager

Binance ready another bid for Voyager's assets while clarifying its status as not a Chinese company.

Singapore Police Investigates Binance For Disobeying Local Payment Service Rules

Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.

Genesis Rejects Notions Of Imminent Bankruptcy Filing

Genesis denied rumors of “imminently” submitting bankruptcy filings after failing to raise funds over the last week.

Binance Surpasses Coinbase In Holding The Largest Bitcoin Exchange Reserves

CryptoQuant's report revealed that Binance’s Bitcoin reserves have hit the 575K mark, thus making it the exchange with the largest BTC holdings.

Binance To Launch Industry Recovery Fund To Support Troubled Crypto Ventures

Binance seeks to set up an Industry Recovery Fund to aid crypto projects that are under the threat of a liquidity crunch.

Sam Bankman-Fried Seeks To Raise $4.9B For FTX

Sam Bankman-Fried reportedly aims to raise $4.9B from investors and other crypto platforms to aid FTX in escaping its liquidity crisis.

FTX CEO Publicly Apologizes For Recent Liquidity Crisis

Sam Bankman Fried, the CEO of FTX, issued an apology and shed light on the circumstances that led to FTX facing a liquidity crunch.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

Binance Terminates FTX-Bailout Deal

Binance has pulled out of its agreement to purchase FTX after going through the latter's finances.

Crypto Exchanges Agree With Changpeng Zhao’s Proposal To Publish Proof-Of-Reserves

Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.

Binance Considers Pulling Out Of FTX-Takeover Deal

Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.

FTX Bank Run: An Unexpected Turn Of Events

This article covers what led to the downfall of FTX, the lessons, and the potential winners and losers of this event.

Binance’s Acquisition Of FTX Causes Crypto Prices To Plummet

The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.

BlockFi Says Products Are Fully Functional Amidst The Binance-FTX Deal

BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.

Binance Agrees To Purchase FTX By Signing Non-Binding Letter Of Intent

According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.

Elon Musk Twitter Takeover Will Boost Crypto Adoption Globally

Elon Musk's purchase of Twitter is a big win for the crypto community as it promises the global adoption of crypto.

SEC Chairman Warns About Centralization In The Crypto Market

In his recent speech, Gary Gensler, the SEC Chairman, revealed his opinions on the increasing centralization in the crypto ecosystem.

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

Binance.US Releases VeChain Staking Product

Binance.US launched a staking product for VeChain Token (VET) that pays out rewards every week in the form of VeChain Thor (VTHO) tokens.

Japan To Ease Screening Process For Listing Virtual Tokens

Japanese regulators plan to ease regulations to allow registered crypto exchanges to list digital tokens without undergoing a long screening process.

Binance Aids Bitcoin Miners By Launching $500M Lending Pool

Binance revealed its plans to support Bitcoin miners by launching a $500M lending pool.

Binance Halts BNB Smart Chain Following Over $100M Cross-Chain Bridge Exploit

Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.

FTX’s CEO Reveals How They Will Approach Celsius' Auction

Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.

Binance Officially Launches Ethereum Proof-of-Work Mining Pool

Binance has officially launched mining services for Ethereum PoW miners. It is running a one-month promotion in which miners can enjoy zero fees on all earnings. However, this does not guarantee the listing of ETHW.

FTX Reportedly Seeks To Acquire Celsius’ Assets

According to sources, Sam Bankman-Fried, CEO of FTX, is considering bidding on crypto lender Celsius’ assets to bail the latter out of bankruptcy.

Binance Seeks To Resume Operations In Japan

After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.

FCA Warns Citizens Over FTX’s Lack of Authorization to Operate in the UK

UK’s FCA says crypto exchange FTX is not authorized to operate in the country. It warns citizens of the risks of investing in unregistered companies.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

CZ Binance Supports Biden’s Regulatory Policy

In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.

Binance Loses $20M Worth Of HNT Tokens Due To An Accounting Bug

Binance misallocated over $20M in Helium tokens due to a glitch that caused the platform to count HNT and MOBILE tokens as one.

FTX Emerges As The Top Bidder In The Auction To Buy Voyager’s Assets

FTX submitted the highest offer to purchase Voyager Digital’s assets by outbidding Wave Financial in an auction that began earlier this week.

WazirX Resumes Operations After ED Unfreezes Its Assets

India's Enforcement Directorate (ED) lifted the sanctions it had earlier imposed on WazirX’s bank accounts, allowing the latter to resume its services.

Coinberry Sues Users After Losing 120 BTC Due To A Software Glitch

Coinberry filed a lawsuit against 50 users who exploited a vulnerability in its software to drain $3M worth of Bitcoin assets.

SEBA Bank Launches Ethereum Staking Services

Switzerland’s SEBA Bank integrated support for Ethereum staking just a few days before the much-anticipated Ethereum Merge goes live.

Binance US Launches High-Yield Ethereum Staking Ahead Of Ethereum Merge

With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.

UK Mandates Crypto Exchanges To Provide Reports Of Suspected Sanction Breaches

The OFSI updated its guidelines to force all “cryptoasset exchange and custodial wallet providers” operating in the UK to report suspected sanction violations to the regulatory firm.

ShadowFi Loses $301K In A 2-Phase Attack On Its Liquidity Pool

ShadowFi lost 1,078 BNB tokens in a 2-phase exploit attack that drained the DeFi platform’s liquidity pool to $0.

Ava Labs Denies Crypto Leaks’ Conspiracy Accusations

Ava Labs CEO dismissed accusations that the firm paid off Roche Freedman to sue its competitors.

VGX Surges By 125% In 24 Hours Following Rumors Of Voyager's Takeover

Voyager's native token, VGX, saw a sudden rise as its value surges by over 125% within 24 hours while rumors of the platform's buyout begin to circulate. 

Binance Freezes Tezos Developer’s Corporate Account Worth $1M

Crypto exchange Binance restricts Tezos developer Baking Bad’s $1M worth of crypto assets over a law enforcement request. Additionally, Binance accuses the Tezos tool contributor of misleading the community with its false claims.

Blockchain Investigator Claims Ronin Bridge Hackers Moved $625M To Bitcoin Network

The perpetrators behind one of the largest crypto hacks allegedly used Tornado Cash as one of the several means to conceal the transactions and transfer the $625M worth of USDC and Ethereum tokens to the Bitcoin network.

Retail Investors Massively Adopting Bitcoin and Crypto Amid The Inflation - Binance Executive

Worldwide inflation pushes investors to adopt Bitcoin and other cryptos in a bid to protect themselves.

Uzbekistan Blocks Access To Unlicensed Crypto Exchanges

Authorities of Uzbekistan have begun restricting access to crypto exchanges and trading platforms that are not registered under the nation’s laws.

Binance And WazirX In Dialogue To Resolve Ownership Dispute

Crypto exchanges, Binance and WazirX, are trying to reach an agreement over the ownership disagreement between them.

Binance To Support Ethereum Merge And May List Fork Tokens

The notable Ethereum “Merge” event could lead to many forks and Binance is open to listing them on the exchange.