Blockchain News

FDUSD Reassures Crypto Investors with New Attestation: 1:1 Backing Confirmed

In the ever-turbulent world of cryptocurrency, where volatility is often the only constant, stablecoins offer a beacon of stability. Among these, FDUSD, issued by First Digital Labs, is making headlines by reinforcing its commitment to stability. The Hong Kong-based crypto custodian has released its latest attestation report, aiming to reassure users about the 1:1 backing […]

Blockchain News

Binance’s Bold Move: Reaffirming FDUSD Reserve Attestation Amidst Crypto Trust Revival

In the ever-evolving world of cryptocurrency, trust and transparency are paramount. Recent events have underscored the critical importance of verifiable reserves, especially for stablecoins. Binance, a leading crypto exchange, is taking proactive steps to bolster user confidence. Let’s delve into their latest announcement concerning the FDUSD reserve attestation and understand why this is significant for […]

Blockchain News

Unwavering Assurance: Binance Reserves Exceed 100% for 29 Months, Reinforcing User Trust

In the often volatile world of cryptocurrency, where trust is paramount, one major exchange continues to set a benchmark for financial responsibility. For an astounding 29 consecutive months, Binance, a leading global cryptocurrency exchange, has maintained a reserve ratio exceeding 100%. This remarkable feat, confirmed by on-chain analytics firm CryptoQuant, signals a strong commitment to […]

Blockchain News

Shocking Bybit Hack: $1.4 Billion Crypto Reserves Vanish in Major Security Breach

The cryptocurrency world is once again on high alert as news breaks of a significant security incident at Bybit, a leading crypto exchange. Blockchain analytics firm LookOnChain’s recent report on X has sent ripples through the digital asset community, revealing a staggering Bybit hack that allegedly wiped out a substantial portion of the exchange’s reserves. […]