Binance
Boris Johnson’s Brother Reportedly Resigns as Binance Adviser; Grayscale Developments
Jo Johnson, brother of former U.K. prime minister Boris Johnson, resigned from the advisory board of crypto exchange Binance, according to London's Telegraph. Plus, Grayscale Investments is exploring options to return a portion of investment capital if the SEC refuses to approve its spot bitcoin exchange-traded fund. Grayscale is owned by the Digital Currency Group and is a sister company of CoinDesk.
CryptoQuant Analyst Compares Binance's Outflows to FTX's Previous Outflows
On-chain data shows Binance isn't exhibiting "FTX-like" behaviors, according to CryptoQuant. CryptoQuant Senior Analyst Julio Moreno compares the difference between the recent record outflows from Binance to when FTX investors attempted withdrawals before the exchange filed for bankruptcy.
On-Chain Data Shows Binance Isn't Exhibiting ‘FTX-Like’ Behavior: CryptoQuant
Binance is not the next FTX, according a report from CryptoQuant. The analytics firm points to on-chain data to support claims made in a recent audit that Binance is over-collateralized. This comes as Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, has paused all work for crypto clients. CryptoQuant Senior Analyst Julio Moreno shares his insights.
Bitcoin Below $17K as Auditing Firm Mazars Pauses Crypto Work
The crypto market is trading weak after French audit firm Mazars, which recently did Binance's proof-of-reserves report, suspended work for crypto exchange clients, and global markets traded risk-averse. Path Trading Partners co-founder and Chief Market Strategist Bob Iaccino discusses the recent price action for the world's largest cryptocurrency by market capitalization and his investment strategies amid crypto winter.
Binance Isn't Exhibiting ‘FTX-Like’ Behavior, Data Shows: CryptoQuant
Binance, the largest crypto exchange by trading volume, is not the next FTX and is over-collateralized, according to a report from CryptoQuant. "The Hash" hosts discuss what this means for Binance amid increased scrutiny in the wake of FTX's collapse.
Binance CEO Warns Staff of Turbulent Times Ahead
Binance CEO Changpeng "CZ" Zhao has warned his staff to expect turbulent times ahead as the giant crypto exchange sees a wave of crypto outflows amid concerns about its financial health, according to an internal memo. "The Hash" panel discusses the latest fallout of crypto winter and what this means for Binance.
Bitcoin Flirts With $18K Ahead of FOMC Meeting
Bitcoin (BTC) is trading just below $18,000 as traders look to another interest rate hike from the Federal Reserve. 3IQ Head of Research Mark Connors discusses the recent price actions, and reacts to Binance CEO Changpeng "CZ" Zhao's warning to his staff of turbulent times ahead.
