Binance Releases Proof-of-Reserves System, Starting With Bitcoin
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent.
Binance Welcomes Web3 Leaders To Lead Web3 Industry Recovery
The major cryptocurrency exchange, Binance, recently announced a collaboration with Web3 leaders. The integration will place them at the helm of Web3 IRI (Industry Recovery Initiative).
Justin Sun, Tron DAO Line Up To Contribute to Binance Recovery Fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund.
Binance Allocates Another $1B for Its Crypto Recovery Fund
Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the size of the fund to over $2 billion.
Binance SAFU Insurance Fund Is 44% Backed by Its Own Token BNB
The remainder is made up of Binance’s dollar-pegged stablecoin BUSD ($300 million) and Bitcoin ($270 million).
Binance Launches $1B Industry Recovery Initiative and Plans to Increase It to $2B
Binance has already received around 150 applications from companies seeking support under the IRI.
Binance CEO Shared Public Wallet Address of Its Industry Recovery Fund
Binance announced new details about its industry recovery fund. CEO Changpeng Zhao shared the <a href="https://etherscan.io/address/0x043a80999cee3711d372fb878768909fbe7f71e6" target="_blank">public wallet address</a> showing its initial commitment and said: “We do this transparently.” Public blockchain data reviewed by CNBC showed a balance of around $1 billion in Binance’s own BUSD stablecoin.
Binance Plans to Increase Its Industry Recovery Initiative to $2 Billion
Binance has officially launched its Industry Recovery Initiative (IRI) to assist crypto projects facing financial difficulties and has committed an initial $1 billion with an intent to increase it to $2 billion.
Binance Aims To Allocate $1 Billion for Crypto Recovery Fund
Binance intends to allocate $1 billion for a proposed industry recovery fund while its CEO revealed intent in a new bid for assets of bankrupt cryptocurrency lending firm Voyager by its U.S.-based business.
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpeng "CZ" Zhao said in an interview with Bloomberg Television on Thursday.
