Analysis
CZ issues response to SEC vs. Paxos lawsuit
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
Dorian Batycka 2 min read
Binance News
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Top Binance Stories
Legal
The SEC may potentially sue Paxos over BinanceUSD – WSJ
The SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.
Exchanges
Binance adds zk-SNARK verification to its proof of reserves system
Binance implemented the upgrade following Vitalik Buterin's suggestions on improving transparency of proof-of-reserves systems.
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Analysis
Smaller exchanges see around $200M in Bitcoin withdrawn over past week
Blockchain analytical firm Santiment said Bitcoin's existing supply has been moving to self-custody since its value crossed $23,000.
Exchanges
Full audit of Binance’s reserves ‘some way off’ – exec
Binance Asia-Pacific head Leon Foong said that a full audit of the exchange's reserves will take a while given that big accounting firms are still learning about the crypto sector.
Exchanges
WazirX deems Binance allegations ‘false’ and ‘unsubstantiated’
WazirX said it was taking the necessary steps to seek recourse and protect its legal rights against the actions taken by Binance.
DeFi
Uniswap BNB deployment is ‘now or never’ as a16z disagrees on bridge solution
Roughly 150 million UNI tokens are still eligible to vote as the BNB Chain proposal looks to pass
Exchanges
Binance is suspending USD-based bank transfers
Binance said its users' could use all other methods of buying and selling crypto, including bank transfers in other fiat currencies like Euros.
Adoption
Crypto companies scale back massively for Super Bowl LVII
Crypto spend is now focused on user experience, products, and customer service, rather than glitzy adverts.
