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Tag: Changpeng

Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is...

Binance CEO: Exchange Assets Are Backed One-to-One, No Liquidity Crunch

The CEO of leading cryptocurrency exchange Binance, Changpeng ‘CZ’ Zhao, has recently defended that the exchange holds customer assets backed one-to-one that it isn’t...

CNBC’s Jim Cramer Says He’s ‘Negative’ on Dogecoin (DOGE), XRP and One Top-20 Altcoin – Here’s Why

CNBC host Jim Cramer is souring on three digital assets, saying they are among a number of altcoins about to be “wiped out.” In a...

Binance’s proof-of-reserves auditor suspends work for crypto firms

Mazars, the financial auditing firm behind Binance’s proof-of-reserves (PoR) audit, has suspended all work for crypto firms, according to a Binance spokesperson.See related article:...

A Deep Dive into Binance’s Exchange Balances vs Proof-of-Reserves

Binance’s Proof-of-Reserves has been audited, raising skepticism. CZ reiterates that the company remains “financially strong.” Glassnode releases report on ETH and Binance showing consistency. ...

OKX Is Now the Only Crypto Exchange Elon Musk Follows on Twitter

Elon Musk follows the crypto exchange OKX on Twitter. Musk doesn’t follow Binance despite their support during the Twitter acquisition. OKX tokens are trading...

CZ: Binance Has a Solid Revenue and Is a Self-Contained Organization

Changepeng Zhao said, “If 100% of the users withdraw 100% of the assets, we’ll be fine.” Zhao added that the halting of USDC withdrawals...

Binance’s Proof-of-Reserves Audit Verified by CryptoQuant as Correct

The investigation verifies that all of Binance’s reserves can be accounted for. According to Nansen, of Binance’s stated $60.4 billion in assets, $6.2...

Markets: Bitcoin, Ether weaken; Litecoin leads declines across top 10 cryptos

Bitcoin and Ether fell in Asian trading on Friday afternoon, with Litecoin leading declines across the top 10 non-stablecoin cryptocurrencies.See related article: Hong Kong...

The Binance Black Box: Assessing Reserves And Liabilities

Relevant Past Articles: SEO Powered Content & PR Distribution. Get Amplified Today. Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here. Source: https://bitcoinmagazine.com/business/assessing-binance-reserves-and-liabilities

Top 10 Weekly Fundamentals (12/15/22)

1. Bitcoin Daily Active Addresses Our thesis: Cryptocurrencies are like companies and active addresses are like customers, similar to active users of Facebook or active...

Changpeng Zhao Issues Internal Warning to Binance Staff About Crypto Winter: Report

Binance CEO Changpeng “CZ” Zhao is reportedly telling his colleagues that the bear market will get worse, but the world’s biggest digital asset exchange...

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