Full List of Cryptocurrency Exchange Hacks From 2011 to 2022
Hackers will never stop attacking cryptocurrency exchanges as long as they remain profitable. Do your due diligence when signing up for an exchange to make sure you don’t become a victim.
Kraken CEO Calls Binance ‘Proof of Reserves’ Pointless
<a href="https://coingape.com/glossary/binance/">Binance</a> was one of the first crypto exchanges to reveal their proof-of-reserves, and it wasn’t long before numerous other crypto firms followed suit. However, these earliest proof-of-reserves were nothing more than the balances of the cold wallets belonging to the exchanges.
Binance Publishes Official Merkle Tree-Based Proof of Reserves for BTC Holdings
Binance has a reserve ratio of 101%. It means that the company has enough Bitcoins to cover all users' balances.
Crypto Exchange Binance Delists Serum Trading Pairs Amid FTX Connection
Cryptocurrency exchange Binance will delist three Serum (<a href="https://www.coindesk.com/price/serum/" target="_blank">SRM</a>) trading pairs as the fallout from FTX's collapse continues, according to an <a href="https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2022-11-28-f88299165488493cba3e53208c19080d" target="_blank">announcement</a> on Friday.
Binance CEO Says Luna Collapse “Very Different” From “Ponzi” FTX
The Binance CEO said the FTX management lied about not taking user money, saying it was a sort of a Ponzi scheme. He said all industries go through ups and downs in early phase. All the new industries have successful and failed projects, he explained. On the flip side, CZ said the Terra Luna project was mismanaged similar to the Lehman brothers.
Huobi Token Continues Run of Strong Form, Up 64% Since Bottoming
The Huobi Token (HT) recorded 64% gains, rising from a local bottom of $3.70 on Nov. 13 to a price of $6.06 at the time of press.
Just-In: Binance Unlocks New Feature For Bitcoin Holders
As per the recent <a rel="nofollow" href="https://twitter.com/WuBlockchain/status/1596116422140129282">tweet</a> from WuBlockchain, the launch of this feature will start initially with BTC, then move to other tokens and networks being added in the next couple of weeks. In addition to this, <a href="https://coingape.com/glossary/binance/">Binance</a> will also implement ZK-SNARKs for PoR later to improve privacy and robustness.
First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg
Crypto exchange Binance has allocated another $1 billion for its crypto recovery fund, <a href="https://www.coindesk.com/business/2022/11/25/binance-allocates-another-1b-for-its-crypto-recovery-fund/">increasing the size</a> of the fund to over $2 billion. Aptos Labs, Jump Crypto and other prominent crypto companies joined the exchange’s initiative and will contribute $50 million to it. The increase comes a day after Binance CEO <a href="https://www.coindesk.com/business/2022/11/24/binance-targets-1b-recovery-fund-for-distressed-crypto-assets-bloomberg/">CZ </a>announced the fund.
Binance Deploys $2 Billion To Save Crypto Industry After FTX’s Fall From Grace
Binance has committed $2 billion to the firm’s crypto rescue fund as it aims to help rebuild the industry. Binance founder and CEO Changpeng Zhao said the so-called Industry Recovery Initiative (IRI) would possibly buy up some of the ailing crypto projects acquired by the now-defunct exchange FTX.
Just-In: Binance Unlocks New Feature For Bitcoin Holders
Top cryptocurrency exchange Binance, in a recent announcement, unveiled the Merkle tree Proof of Reserves (PoR) system.
