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Tag: crypto businesses

Binance Coin (BNB) Tanks 12.5% As Binance Auditor Mazars Suspends Ties

BNB, the native cryptocurrency of crypto exchange Binance has tanked 12.5% in the last 24 hours as news arrived that Binance’s auditing partner...

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...

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...

Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers

Even if they haven't made a profit via the sale of their shares, Japanese crypto issuers are compelled to pay a predetermined corporation tax...

Binance CEO Says the World’s Largest Crypto Exchange by Volume Holds Customer Assets One-to-One

Binance CEO Changpeng “CZ” Zhao is fighting fear, uncertainty and doubt, saying assets held on the world’s largest exchange are one-to-one backed. In a new...

PayPal readies for EU crypto push with Luxembourg roll out

PayPal is to expand its cryptocurrency service to Luxembourg in a move that portends a further roll out across the European Union. ...

Exit Stage Left: North America’s Dota 2 scene

Home to Valve, North America's Dota 2 scene continues to decline as more teams and players exit the stage.  Historically, North American Dota has...

Upbit Parent Company Sees $124 million Profit in Q3 of 2022

South Korean fin-tech company Dunamu saw a revenue of $205 million and a profit of $124 million.However, the figures are 66% and 76% below...

Binance says it will set up US$1 billion ‘recovery’ fund for distressed crypto businesses

Binance, the world’s largest cryptocurrency exchange, said it will establish a US$1 billion fund for its “Industry Recovery Initiative” to mitigate the damage from...

The Fall of Sam Bankman-Fried’s Crypto Empire: A Timeline of FTX’s Collapse

The first twelve days of November were perhaps the darkest for 30-year-old Sam Bankman-Fried (SBF), as he not only lost his crypto empire...

Singapore’s central bank says not possible to protect local users from FTX fallout

The Monetary Authority of Singapore (MAS) said on Monday that it was not possible for the central bank to protect local users from FTX’s...

Binance gets Abu Dhabi regulator’s nod to offer crypto custody services

Binance, world’s largest cryptocurrency exchange, has obtained Financial Services Permission from Abu Dhabi’s Financial Services Regulatory Authority (FSRA), to provide custody to professional clients in and from the Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital.

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