Binance bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country’s Financial Services Agency (FSA), for an undisclosed amount. Source
Binance Enters Japan With Acquisition of Regulated Crypto Exchange Sakura
Tag: Binance
BNB Coin Leads Gains Among Top Cryptos: Will Binance Continue
BNB is currently trading at $300.082 with a 24-hour trading volume of $1,059,515,334. Despite the general market slump, the coin has been one of the top performers. It currently ranks at the number four position on CoinMarketCap. The coin has a 24-hour low of 289.76 and a 24-hour high of $304.82. The price change in 24 hours is increase of 2.36%. However, this price change does not truly convey the strength of the token in the market. BNB’s trading volume increased by 3.51% in the last 24 hours. There is…
Binance, Coinbase Among Crypto Firms Questioned by US Senator After FTX Mess
“As Congress considers much-needed regulations for the crypto industry, I will focus on the clear need for consumer protections along the lines of the assurances that have long existed for customers of banks, credit unions and securities brokers,” Wyden said in the letters. “If these protections had been in place before the failure of FTX, far fewer retail investors would be facing precipitous financial harm today.” Source
Binance Coin (BNB) Struggles At $290; Here Is What To Expect
BNB’s price struggles as price hold above $290 to maintain the bullish sentiment BNB’s price remains strong as bulls dominate the market; the price fails to break and close above $320 with so much uncertainty in the market BNB’s price trades below get the 200 Exponential Moving Average as the price continues in bearish movement (EMA) The price action displayed by Binance Coin (BNB) has been a show to watch, outperforming the likes of Ethereum (ETH) and Bitcoin (BTC) in recent times. In the high timeframe, the price of Binance…
Ukrainian Government Puts Binance Payment Service Integration on Hold
The head of Trustee Plus, Vadym Hrusha, told CoinDesk that it’s simply wrong to integrate a government service with a foreign company. Ukraine has its own local crypto exchanges and payment services, “with a product no worse than Binance,” he said, referring to Kuna and WhiteBit, both of which have their own payment services. Source
Ether Drops As Whale Moves 73K ETH to Binance
On-chain researcher Lookonchain warned of selling pressure in ether after a whale moved large amounts of the cryptocurrency to Binance. Source
Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sharing wallet addresses to prove the existence of users’ funds, several entrepreneurs, including Kraken CEO and co-founder Jesse Powell, called the practice “pointless” as exchanges fail to include liabilities. 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 control over the wallets. While…
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.” Singapore’s Central Bank Clarifies Its Stance on Binance and FTX The Monetary Authority of Singapore (MAS), the country’s central bank, issued a press release this week “to address some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.”…
Binance Coin Revives Its Bullish Strength Above $290; Will Bulls Defend This Area?
BNB’s price bounces off from $250 as the price rallies to a high of $300 as bulls take charge of the price. BNB’s price remains strong as bulls reclaim $300 despite uncertainty in the market traders and investors remain cautious. BNB’s price bounces from a low of $250 on the daily timeframe as the price reclaims $300 as price trades above the 50 Exponential Moving Average (EMA) The price action demonstrated by Binance Coin (BNB) has recently been a better performer rallying from $250 to a weekly high of $300…
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon – Bitcoin News
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 snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while the company’s customer net balance is roughly 575,742 bitcoin. Binance’s Bitcoin Proof-of-Reserves Ratio Is Currently 101% Binance has published the company’s proof-of-reserves system in regard to the bitcoin (BTC) cache the company holds. The POR feature is initially starting with Binance’s bitcoin holdings, but other “networks…