Features News TheBitTimes.com

According to new research, Binance might have sold, invested, or reallocated up to $8 billion of its $14 billion corporate reserves last month. The massive quantities of crypto were listed as excess collateral on Binance’s December proof-of-reserves — above the 100% guarantee on customer holdings — but had disappeared as of February 1. At the end of January, Binance reported 2,746 bitcoin (BTC), 275,725,782 tether (USDT), 174 ether (ETH), 4,869,719 BNB, and 4,179 solana (SOL) in non-customer net balances. Those figures are drastically lower than its December 2024 snapshot: 46,896 BTC, 2,989,902,855 USDT, 216,312 ETH, 5,839,372 BNB, and 442,234 SOL. Charts of these corporate assets show Binance’s non-customer holdings cratering to near two-year lows. The USD value of the decline tallies north of $8 billion. Binance's new Proof of Reserves Data is wild. Binance sold ALOT of it's Corporate Assets in January: – Binance sold almost all its 4 Bi...

Tether CEO Paolo Ardoino has provided a breakdown of the company’s reserves following a report from the Wall Street Journal (WSJ) that said the stablecoin issuer was under investigation by the US Department of Justice (DoJ). Speaking at Lugano’s PlanB event in Switzerland, Ardoino said Tether holds $100 billion in US Treasuries, over 82,00 Bitcoin and 48 tons of gold for its USDT reserves. Tether CEO Says WSJ Article Is “Regurgitating Old Noise”  The Tether CEO’s appearance follows an Oct. 25 article by the WSJ, which claimed the company was under investigation by the DoJ for allegedly violating anti-money-laundering laws and US sanctions. As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop. — Paolo Ardoino 🤖🍐 (@paoloardoino) October 25, 2024 Ardoino responded to the publication in an Oct. 25 post on X, stating that the company has told the WSJ that ...