8/13/2023 0 Comments Binance news letter![]() ![]() The number of BUSD tokens fell by $8,724 (40%) between November 4 and January 4. Even so, shrewd observers can well wonder how CER.LIVE has identified $9.6 billion of BTC assets in Binance wallets, more than twice the amount shown by Glassnode and CoinMarketCap. This is probably due to faulty queries on the part of some data companies, not searching all Binance wallets. The number of tokens held thus varied sharply from 287,000 BTC to 577,000 BTC. Bitcoinįorbes also found wild discrepancies in Binance’s bitcoin (BTC) holdings, ranging from $4.8 billion (CoinMarkeCap) to $9.6 billion (CER.LIVE). Messari, however, bundles the value of Binance holdings on three chains–BNB, ETH, and Tron–which suggests that the almost $10 billion in the BNB grouping comprises many other tokens, not just BNB. In terms of dollar equivalent, Glassnode places the value of BNB at zero, while Nansen and Arkham put that amount closer to $6 billion and Defillama and Messari see it near $10 billion. If the CMC BNB token count is accurate, it also means that a great portion of the Binance’s wealth comes from IOUs of its making sprinkled with crypto pixie dust. ![]() But this 57 million BNB is of questionable reliability because it contrasts sharply with the 22-40 million BNB identified by three data firms and the 16 million BNB Forbes identified using the publicly available etherscan tool. This BNB percentage is higher than any other data firm and Binance’s November statement. The CoinMarketCap January 4 BNB figure attributed to Binance represents 57 million BNB tokens and is equivalent to 31% of the exchange’s total assets. But CMC says that it supplements Binance data with that of Nansen and Defillama. The closest that an independent observer gets to the exchange’s official view on the BNB tokens on its balance sheet these days conceivably comes from CoinMarketCap (CMC), which is the largest crypto website in the world and is owned by Binance. At that time, the firm did include $17 billion denominated in BNB, which represented nearly a quarter of its assets.įast forward to today, BNB’s priced at $262 is a third lower than on November 4. If it can, data firms disagree on how much value to attribute to those holdings.īreaking with its habit of not disclosing sensitive financial information, Binance issued a public transparency statement almost two months ago, listing select crypto holdings. The charges include accusations of artificially inflating trading volumes, misappropriating customer funds, and providing misleading information about its market surveillance controls.There’s substantial controversy about whether Binance’s BNB–a token whose minting and supply the exchange controls–represents a genuine asset that can meet external obligations in times of distress. Securities and Exchange Commission (SEC) has instigated legal proceedings against Binance and its CEO, Changpeng Zhao over alleged securities violations. The exchange has recently pulled back from a number of major markets, namely the Netherlands, Cyprus and Canada, while bank transfers to and from Binance have been halted in Australia-underscoring the complex challenges associated with operating a crypto exchange in an increasingly regulated global environment.Īdding to the growing list of challenges, the U.S. The news comes as the real Binance faces intensifying regulatory pressures around the world. The individual responsible for registering Binance Nigeria Limited reportedly confirmed that they had hoped to sell the company name to Binance. In a statement shared with Decrypt, a spokesperson for Binance said that, "We are aware of the circular, however, the entity mentioned in the circular is not affiliated with us." The spokesperson added that the exchange was "seeking clarity from the Nigerian SEC and remain committed to working with them cooperatively on the next steps." $0.04359204 5.29% Terra Classic (Wormhole)īinance have issued cease & desist notice to the scammer entity "Binance Nigeria Limited".ĭon't believe everything you read in the news. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |