March 9, 2023

Binance Exchange Diversifies Proof Of Reserves — Adds of 11 New Tokens

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The cryptocurrency exchange Binance has recently announced the addition of 11 new tokens to its Proof of Reserves (PoR) program. This move comes as part of the exchange’s efforts to increase the diversity of assets held, providing more security and stability for its users. What is Binance’s Proof of Reserves Program? Binance’s PoR program assures […]

March 6, 2023

Scrutiny Over Binance Increases After Bombshell Report

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When FTX collapsed in November, its greatest adversary, Binance, turned into the undeniable goliath of the crypto verse. It is no surprise that it is under increasing scrutiny by regulators. The world’s largest digital asset exchange wields an enormous amount of power over the industry. This includes the ability to purchase and revive failing or […]

February 7, 2023

Binance Halts US Dollar Transfers on Non-US Exchange

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The world’s largest cryptocurrency exchange, Binance, recently revealed that it will be temporarily halting all USD bank transfers starting February 8th. The company made the announcement on Twitter on February 6th, specifying that this move will not impact any other transaction methods. The company is yet to offer an explanation for the USD suspension, however, […]