Binance | ForkLog

ForkLog 23 09.11.2022

Binance tops up SAFU fund to $1 billion

Against the backdrop of FTX’s insolvency-driven turmoil, Binance boosted its SAFU fund to about $1 billion. This was announced by the platform's CEO, Changpeng Zhao.

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ForkLog 13 09.11.2022

Bloomberg excludes Sam Bankman-Fried from its billionaire list

In a day, the fortune of FTX founder Sam Bankman-Fried collapsed by 94%, from $15.6 billion to $992 million, due to the platform's liquidity crisis.

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ForkLog 25 09.11.2022

Coin Metrics identifies possible cause of FTX crisis

In the second quarter of 2022, the cryptocurrency exchange FTX could have provided a "large financial bailout" to Alameda Research, which ultimately led to serious consequences. This was the conclusion of Lucas Nuzzi, head of R&D at Coin Metrics.

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ForkLog 11 09.11.2022

Binance announces plans to integrate Bitcoin payments into Diia.

The Bitcoin exchange Binance, in cooperation with Ukraine’s Ministry of Digital Transformation, is working on enabling cryptocurrency payments for government services.

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ForkLog 19 09.11.2022

Changpeng Zhao pledges to verify Binance’s reserves amid FTX crisis

Cryptocurrency exchanges should adhere to a transparent approach regarding their reserves, and Binance will be open on this issue. This was stated by the platform's CEO, Changpeng Zhao, a few hours after the announcement of a strategic partnership with FTX.

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ForkLog 18 08.11.2022

Binance chief Changpeng Zhao announces purchase of FTX

Sam Bankman-Fried and Changpeng Zhao announced a strategic partnership. It envisages a possible acquisition of FTX.

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ForkLog 14 08.11.2022

Experts forecast ‘uncomfortable turbulence’ in the market amid the FTX-Binance clash

The standoff between Binance and FTX on the bear market in the near term threatens significant upheaval for market participants, ForkLog cited experts as saying.

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ForkLog 30 08.11.2022

FTX Token Falls Nearly 30%

Over a few hours, FTT, the utility token of the FTX exchange, fell about 28%, from above $22 to below $16.

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ForkLog 42 07.11.2022

Reuters: Binance processed Iran-related transactions totaling $8 billion in circumvention of U.S. sanctions

Since 2018, the cryptocurrency exchange Binance has processed Iran-related transactions totaling $8 billion, despite U.S. sanctions on the country, Reuters reports.

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ForkLog 25 07.11.2022

Alameda Research says it would buy FTT from Binance at $22 per token

CEO of Alameda Research, Caroline Ellison, said she was willing to buy FTT from Binance at $22 per token.

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ForkLog 5 03.11.2022

Binance chief weighs up purchase of traditional banks

Binance is considering the purchase of banks to bridge the gap between traditional finance and the crypto industry. Zhao said in a Bloomberg interview.

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ForkLog 10 01.11.2022

Binance registers its seventh company in Ireland

The cryptocurrency exchange Binance opened its seventh unit in Ireland as part of its expansion into Europe. This is evidenced by data from the local Companies Registration Office.

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