Binance CEO Outlines Ambitions To Grow Headcount by Up to 30% in 2023
Binance CEO Changpeng Zhao said the crypto exchange giant will continue to scale in 2023, with headcount growth goals of between 15% and 30%.
90% of WazirX's User Assets are in Binance Wallets, According to Proof Of Reserves Report
Indian crypto exchange WazirX released its proof of reserves report and with that disclosed that 90% of its user assets are held in Binance wallets.
Binance vs Bitfinex vs Coinbase vs Kraken: Which Exchange is Best for You? A Head-to-Head Comparison
When it comes to buying and selling cryptocurrency, choosing the right exchange is crucial. With so many options available, it can be overwhelming to determine which platform is the best fit for your needs.
Voyager-Binance Deal: Customers To Recover 51% Of Pre-Bankruptcy Crypto Assets
Beleaguered crypto lender Voyager Digital received initial court approval to sell its assets to crypto exchange Binance.US for $1.02 billion. If the sale is approved by creditors, customers will recover 51% of crypto assets held before the bankruptcy filing. Moreover, the national security review of the deal is likely to be completed soon.
Binance Admits to Problems With Its BUSD Peg
Binance, the world’s largest crypto exchange, admitted Tuesday to flaws in its system that left its supply of Binance Smart Chain BUSD—one of the company’s stablecoins, which is purportedly backed one-to-one by the U.S. dollar—undercollateralized by at least $1 billion. Analysts say the issue caused BUSD to slip its peg by that massive margin at least three times. “The process of maintaining the peg involves many teams and has not always been flawless, which may have resulted in operational delays in the past,” a Binance spokesperson told Bloomberg. (Decrypt)
Binance Pushes Back Against Report Stablecoin Isn’t Fully Backed
Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”.
How We Back Binance-Peg BUSD (and Explaining Historical Discrepancies)
Recent news reports have shone a light on Binance-Peg BUSD and how it doesn’t always appear to have been completely backed by BUSD issued by Paxos.
Binance Reportedly Didn’t Follow Procedures for BUSD Reserves in 2020, 2021
Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg.
Binance Changed Stakes to Liquidate Over $75M in SHIB
On Jan. 10 at 08:00 UTC, Binance unstaked $110.28 million worth of SHIBA INU (SHIB) and re-staked 4 trillion SHIB tokens, which equates to around $34.84 million, according to data shared by Arkham Crypto Intelligence.
Binance Annual Revenue Grew 10x Over the Past 2 Years, While OKX’s Grew 4x
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
