Tag Archives: Binance

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The drama surrounding the fall of famed crypto exchange FTX just keeps getting bigger and bigger. FTX Will Be With Us a Long Time It has been announced that several prosecutors are looking into the disappearance of approximately $370 million in crypto funds that vanished from the exchange just hours after its head executive, Sam Bankman-Fried, filed for bankruptcy. The prosecutors investigating have been hired by the Department of Justice (DOJ), which has frozen several...

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2022 was a year of loss, and many crypto billionaires – from Changpeng Zhao of Binance fame to the Winklevoss Twins who run the Gemini exchange – have lost a ton of money. So much in fact, that in just nine short months, many of them have seen their net worth virtually collapse – in some cases, to zero. Changpeng Zhao and Others Have Lost Tons of Money Changpeng Zhao, for instance, had a net worth of approximately $65 billion in March of last year. By the end of...

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Binance US’ plan to acquire some of Voyager Digital’s assets for $1.02 billion is one step closer as the bankrupt crypto lender received initial court approval for its proposal. The United States District Judge Michael Wiles of the bankruptcy court for the Southern District of New York on January 10th approved Voyager to work out a purchase agreement with the crypto exchange and to solicit creditor votes on the sale. Uncertainty of the Deal According to the Reuters report,...

Indian crypto exchange WazirX released its proof-of-reserves (PoR) report disclosing its reserves-to-liability ratio of over 1:1. Alongside the paper, published by CoinGabbar, a third-party platform that tracks crypto assets, WazirX also made its wallet addresses, and list of exchanges available to the public. At press time, the Indian company had over $283 million of total user assets in the form of stablecoin USDT. Proof-of-Reserves WazirX, in a statement, highlighted that...

The Swedish Financial Supervisory Authority registered the world’s largest cryptocurrency exchange – Binance – as a financial institution for management and trading in virtual currency in the Scandinavian country. This is the seventh EU nation where the platform has received such a license, with the previous six being Italy, France, Spain, Poland, Cyprus, and Lithuania. Binance announced that its Swedish subsidiary – Binance Nordics AB – obtained registration from the...

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