Tag Archives: Binance

Mark Cuban is not happy about what’s happened with FTX, and he’s taking to social media and other online platforms to express his disappointment. Mark Cuban Isn’t Happy About the FTX Fall The FTX collapse rocked the crypto world. What was long considered one of the biggest players in the digital currency world has suddenly come crashing down without notice, and its fall from grace has led to several repercussions. Allegedly experiencing a liquidity crunch, the company...

Jo Johnson – the brother of the UK’s former PM, Boris Johnson – reportedly resigned from his advisory role in Bifinity (a payments technology company launched by Binance).  The world’s largest cryptocurrency platform has had several brushes with British regulators over the past few years. Despite the tension, the company aims to become a registered entity in the Kingdom sometime next year. Johnson’s Departure According to recent coverage by The Telegraph, Boris Johnson’s...

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The crypto winter is proving to be unbearable for some, but other businesses enjoy the cold weather. Binance is taking advantage of the current market conditions to expand into the Asian market by acquiring its third licensed crypto exchange. This Dec. 19, Binance confirmed that it became the majority shareholder of Indonesian cryptocurrency exchange Tokocrypto, appointing a new CEO following the resignation of Pang Xue Kai, its founder and now former CEO. As reported by CNBC...

Binance US chief Brian Shroder assured his followers on Monday that his exchange is prepared to process every last withdraw customer withdrawal – unlike certain competitors.  He also expanded on his company’s successful bid to purchase Voyager’s assets worth $1.02 billion and bring an end to the defunct crypto lender’s bankruptcy proceedings as soon as possible.  Replacing FTX US In a Twitter thread on Monday, Shroder confirmed that Voyager’s 3.5 million customers will soon...

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Binance US has entered into an agreement with Voyager Digital to acquire its assets. The bid from the cryptocurrency exchange also means that there’s a path for Voyager customer funds to be unlocked “as soon as possible.” CryptoPotato reported earlier in November that CZ had confirmed that Binance US will be bidding for the assets of Voyager. Today, in an official announcement, Voyager confirmed that the exchange will acquire its assets: “Our bid is a reflection of our...

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Changpeng Zhao – CEO Binance – agreed that the collapse of FTX has caused some panic in the space. He also reiterated that the fact that they were audited by a somewhat reputable firm caused others in that business to be more cautious when working with crypto businesses. He assured that Binance is in good financial standing, does not owe anybody money, and has never co-mingled clients’ funds. In a recent interview for CNBC, CZ said Binance coped with the recent customer...

Changpeng Zhao – CEO of Binance – said clients had withdrawn approximately $1.14 billion worth of crypto today (December 13) from the platform. The executive assured they handled the demand and that business continues to operate “as usual.” Zhao stated on Twitter that the recent withdrawal requests are not a black swan event, reminding that Binance has processed such an amount of transactions before, as also seen on the following chart by Nansen. Source: NansenThe CEO...