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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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As reservas de Bitcoin da Binance estão supercolateralizadas, diz novo relatório

A Mazars realizou uma avaliação de prova de reservas e prova de passivos na bolsa centralizada.

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

Finance

A bolsa de Cripto Binance.US elimina as taxas de negociação para Ether

A bolsa também oferecerá descontos adicionais em taxas de negociação para clientes que pagarem suas taxas de negociação com tokens 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 gera 90% da receita com taxas de transação, diz Changpeng Zhao

Restabelecer anúncios no CoinMarketCap acrescentaria US$ 40 milhões por ano.

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

Finance

Executivo da Binance diz que a "bolsa centralizada" da empresa pode não existir em 10 anos

O diretor de estratégia, Patrick Hillman, disse que a bolsa pode se tornar obsoleta devido à mudança da indústria de Cripto em direção às Finanças descentralizadas.

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

Corretora-distribuidora INX Digital faz proposta para comprar ativos da Voyager

A empresa se junta a vários outros pretendentes, entre eles a Binance.

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