Tag: Binance

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Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Bitcoin News

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After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to the world’s largest exchange and it notes that as of Thursday, Binance holds 475,000 bitcoin, 4.8 million ether, and 17.6 billion tethers. Binance Shares Crypto Addresses and Says a Full Audited Report Is Coming Soon Just before the exchange bailed out on purchasing FTX, Binance CEO Changpeng Zhao (CZ) told the public that Binance would produce proof-of-reserves. “All crypto exchanges should do…

Binance shares wallet addresses and activity after proof of reserve pledge

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In light of the FTX liquidity crisis and the almost-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings. On Nov. 10, Binance published a new page titled “Proof of Assets” on which all details are available of its on-chain activity for its hot and cold wallet addresses. This comes only two days after the initial tweet from CZ on Nov. 8, in which he pledged to create a proof of reserve mechanism to ensure “full transparency” to the community.…

Binance Releases Wallet Addresses of $69B Crypto Reserve

CryptoX – Cryptocurrency Analysis and News Portal The crypto exchange says its holds around 475,000 bitcoin ($7.8 billion), 4.8 million ether ($5.57 billion), 17.6 billion USDT ($17.4 billion), 601 million USDC ($607 million), as well as close to 21.7 billion of its own stablecoin BUSD (worth $21.9 billion) and 58 million of its BNB tokens (worth $16 billion). Source The post Binance Releases Wallet Addresses of $69B Crypto Reserve appeared first on CryptoX. CryptoX Portal

Bitcoin Plunges To $15,700 As Binance Rejects FTX Takeover

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 BTC’s price loses its $18,200 support as the price trades to a region of $15,700 as Binance rejects FTX takeover.   BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  BTC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages (EMA). In the last two days, the crypto market has been erratic, with the price of many altcoins, including Bitcoin (BTC), battling for survival after the news came out that…