Business > Markets

An independent study shows Binance has enough reserves to pay out all customers holding bitcoin

1 month ago   |   By Business Insider

Binance CEO Changpeng "CZ" Zhao. Binance
A proof of reserves revealed Binance's bitcoin reserves have enough collateral, according to Mazars.
The accounting firm conducted the review after being tapped by Binance last week.
The collapse of FTX has sparked a renewed push for transparency among crypto firms.
Binance's customer bitcoin reserves have more than enough collateral, according to a proof-of-reserves report from accounting firm Mazars. Mazars, which was tapped last week by Binance to conduct the review , listed Binance's bitcoin collateralization ratio at 101% based on an analysis...
Read more ...

 


Search by Tags

   Markets      CZ      Binance      Mazars      Audit      Cryptocurrency      Currency      Finances      Crypto exchange      Ftx      Sam Bankman-Fried      Proof of reserves  


Egypt Needs Democracy to Fix Its Economy

Egypt Needs Democracy to Fix Its Economy

Sisi's mismanagement has plunged the country into crisis. Both political and economic reform is needed to save it. Read more ...

The People Onscreen Are Fake. The Disinformation Is Real

For the first time, A.I.-generated personas, often used for corporate trainings, were detected in a state-aligned information campaign - opening a new chapter in online... Read more ...

The S&P 500 could nosedive 30% this year as a painful recession takes hold...

David Rosenberg. Rosenberg Research & Associates The S&P 500 could tumble 30% to around 2,900 points this year, David Rosenberg said. The Rosenberg Research chief said the US... Read more ...

I run 25 blogs that bring in $130,000 a month in revenue. Here's how my...

Anne Moss and her husband. Courtesy of Anne Moss Anne Moss owns 25 websites where she blogs regularly about topics like gardening or home decor. She started in 2000 and for... Read more ...

4 white-collar jobs most at risk of getting replaced by AI like ChatGPT

Luis Alvarez/Getty Images AI may be beneficial for paralegals and other white-collar jobs, but it may affect the demand for these workers. For instance, ChatGPT can write code... Read more ...

How Gen Z and the Great Resignation created a wave of overinflated job titles

Read more ...

AGI's 'big brass ring,' artificial general intelligence, will be worth...

Ex Meta exec John Carmack said that we can achieve artificial general intelligence by the 2030s. GABRIELLE LURIE/Getty Images Ex-Meta exec John Carmack predicts that AI will... Read more ...

Is Busquets' Injury The End Of FC Barcelona's Successful Four Man Midfield...

Sergio Busquets' injury could spell the end of FC Barcelona's successful four man midfield - or will head coach Xavi Hernandez stick to his guns? Read more ...

Welcome to the age of 'AI-nxiety,' in which anxiety about AI taking over our...

The AI revolution is causing a huge wave of anxiety in both jobseekers and the employed. Westend61/Getty Images The threat of AI is increasingly clear and well founded, and it... Read more ...

How FC Barcelona Made A Mammoth Comeback To Top La Liga Under Xavi

FC Barcelona made a mammoth comeback in 2022/2023 in order to top La Liga eight points clear of bitter rivals Real Madrid with more than half of the season already played. Read more ...