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Binance's Bitcoin Reserves Are Overcollateralized: Report; Genesis Developments

Binance released a new report from global financial audit, tax and advisory firm Mazars showing that its customer bitcoin (BTC) reserves are overcollateralized. However, the assessment is not an official audit, according to Francine McKenna, lecturer in financial accounting at The Wharton School at the University of Pennsylvania. Plus, Genesis interim CEO Derar Islim said resolution of his company’s lending unit’s withdrawal freeze is likely to be a matter of “weeks” rather than days. CoinDesk and Genesis share the same parent company.

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Finance

Le riserve Bitcoin di Binance sono sovracollateralizzate, afferma un nuovo rapporto

Mazars ha eseguito una valutazione della proof-of-reserve e della proof-of-liabilities sullo scambio centralizzato.

Changpeng “CZ” Zhao, CEO de Binance, en el evento Consensus Singapore 2018. (CoinDesk)

Finance

Binance.US, exchange di Cripto , elimina le commissioni di trading per Ether

L'exchange offrirà inoltre ulteriori sconti sulle commissioni di negoziazione ai clienti che pagano le proprie commissioni di negoziazione con token BNB .

Las especulaciones recientes sobre el estado de Binance, el exchange de criptomonedas más importante del mundo, también golpearon la participación de mercado de su stablecoin. (Danny Nelson/CoinDesk)

Finance

Binance genera il 90% dei ricavi dalle commissioni di transazione, afferma Changpeng Zhao

Ripristinare gli annunci su CoinMarketCap aggiungerebbe 40 milioni di dollari all'anno.

Changpeng Zhao, CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Finance

Un dirigente di Binance afferma che il "Centralized Exchange" dell'azienda potrebbe non esistere più tra 10 anni

Patrick Hillman, Chief Strategy Officer, ha affermato che l'exchange potrebbe diventare obsoleto a causa del passaggio del settore Cripto verso la Finanza decentralizzata.

Las especulaciones recientes sobre el estado de Binance, el exchange de criptomonedas más importante del mundo, también golpearon la participación de mercado de su stablecoin. (Danny Nelson/CoinDesk)

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Is Binance Becoming Too Dominant?

Has crypto exchange Binance become too big? Binance Chief Strategy Officer Patrick Hillmann addresses the concerns around centralized crypto platforms, saying "I don't think it will really be an issue because in the end, it will be DeFi that reigns supreme."

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Binance Chief Strategy Officer on Proof of Reserves System

Reacting to Kraken's Jesse Powell tweeting about Binance's proof of reserves system, Binance Chief Strategy Officer Patrick Hillman discusses the crypto exchange's bitcoin reserves. "In the end, the marketplace is going to mandate this ... we're going to do what's required of us."

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Binance Chief Strategy Officer on Crypto Industry Recovery Initiative, FTX Fallout

Binance Chief Strategy Officer Patrick Hillmann discusses the crypto exchange's business operations and proof of reserves system in the wake of the FTX collapse. Plus, the latest developments regarding the Binance-led Industry Recovery Initiative.

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A Central Bank for Crypto?

"If there was a central bank for crypto, which seems to be what Binance is trying to create ... we wouldn't see the scope of problems that we're seeing today," says Howard Fischer, Moses Singer LLP partner and former SEC senior trial counsel. He points out the irony of crypto's call for regulation amid ongoing contagion and bankruptcy hearings.

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Finance

Il broker-dealer INX Digital fa un'offerta per l'acquisto degli asset Voyager

L'azienda si unisce a una serie di altri pretendenti, tra cui Binance.

Voyager's bankrupcy has left creditors in the lurch. (Danny Nelson/CoinDesk)