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Binance’s Bitcoin Reserves Are Overcollateralized, Says Audit

The report was meant to assure customers that their bitcoin (BTC) assets are collateralized, exist on the blockchain and are in Binance’s control. Mazars took a snapshot of Binance’s total reserves and liabilities on Nov. 22 to perform a collateralization analysis. Assets included were customers’ spot, options, margin, futures, funding,

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Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange – Bitcoin News

While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached

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FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox

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Binance’s Lack of Transparency on FTX Bid Could Influence UK Lawmakers’ Crypto Recommendations: Report

“It doesn’t really give us the real background detail,” Alison Thewliss, a member of Parliament’s Treasury Committee, told Bloomberg. “I’m sure the committee will be asking more questions to get to the details of what happened here, because there are wider implications for this collapse and for the crypto sector

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Collaboration key for Binance’s Investigations team

Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world.Various research reports have highlighted the use of cryptocurrencies for illicit means, with varying degrees of severity since Bitcoin’s inception in 2009. This has ebbed and

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Here’s why Binance’s CZ invested in Twitter following Elon Musk acquisition

The acquisition of Twitter by billionaire Elon Musk got mixed reactions from crypto and global communities, sparking discussions around changes to censorship, account verification and the launch of new crypto and blockchain-centric features. However, Binance CEO Changpeng “CZ” Zhao’s decision to invest $500 million in the social media site took

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