Calls for regulation get louder as FTX contagion continues to spread
The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever.
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Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless
Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to…
Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s…
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon
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…
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
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 efforts and…
Binance publishes official Merkle Tree-based proof of reserves
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency.
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX…
FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days?
An exodus from centralized cryptocurrency exchanges after FTX's collapse appears to be the primary reason behind Trust Wallet Token's massive rally.
Vitalik Buterin Will Help Binance Prove Its Reserves, CZ Says
CZ shared his reflections on the FTX collapse on a Twitter Spaces discussion with the Binance community Monday afternoon. Binance CEO CZ Weighs in on FTX Implosion Days after posting...
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,”…
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