A few months earlier, FTX CEO SBF said several “third-tier” crypto exchanges were insolvent but yet to be exposed. This was when several crypto lending platforms suffered massive financial contagion following Three Arrows Capital’s (3AC) fallout as a result of Terra’s spectacular collapse. His comments, obviously, did not age well now that his empire appears...Read More
Changpeng Zhao – the CEO of the world’s leading cryptocurrency exchange Binance – outlined two vital lessons following the saga between his company and FTX. In his view, crypto exchanges should not use their own tokens as collateral, and individuals should never borrow money to run a crypto enterprise. In a recent tweet, Binance’s executive...Read More
Fears of a Terra-style debacle have seeped into the crypto market as the Binance-FTX drama continues. Binance CEO CZ made headlines by announcing plans to liquidate entire FTT holdings gradually to avoid any market impact. His crypto exchange had already exited from FTX equity last year. While CZ clarified that the move should not be...Read More
Sam Bankman-Fried, CEO of FTX, has come out to allay fears about the state of the crypto exchange’s finances. Bankman-Fried said the platform has excess cash and clients’ funds are safe while also calling on Binance CEO to collaborate with him to improve the ecosystem. In a recent tweet thread on Monday (November 7, 2022),...Read More
In a quick-paced turn of events over the weekend, Binance CEO Changpeng Zhao announced that his company would liquidate all FTT holdings given the “recent revelations.” The statement made FTT price take a sharp plunge, falling by nearly 10% in 24 hours. Binance Exits Its FTT Position Even before what CZ said could sink in,...Read More
India’s anti-crypto policy came into sharp focus at the prestigious Singapore Fintech Festival (2-4 November), where Binance CEO flagged high tax rates as undoing the fledgling crypto business in the country. With over 60,000 participants and 850 speakers representing top global financial services, banks, and policymaking bodies, Singapore Fintech Festival (SFF) is one of the...Read More
The world’s largest cryptocurrency exchange – Binance – was one of Elon Musk’s financial backers in his multi-billion acquisition of Twitter, contributing $500 million. CEO Changpeng Zhao (CZ) believes the social media platform will eliminate many problems, including spam comments and scam accounts, with Musk at the helm. Twitter Should Benefit Under the New Regime...Read More
Binance is on the verge of uncovering the hacker(s) behind the $570 million exploit on its cross-chain bridge, BSC Token Hub, earlier this month. In a recent interview with CNBC’s ‘Squawk Box Europe,’ Binance CEO Changpeng “CZ” Zhao said the firm had received substantial tips from law enforcement authorities to identify the hacker(s) that drained...Read More
After Binance became the second-largest entity by voting power in the Uniswap DAO, the CEO of the popular DEX, Hayden Adams, took it to Twitter to describe the situation as “unique” while adding that “UNI technically belongs to its users.” He accused Binance of using user funds to pile up governance votes. Hayden Adams on...Read More
The Biden administration issued its first-ever paper on cryptocurrencies and how the asset class should be regulated within the nation on Friday. While some believe the guidelines require more clarity, Binance’s CEO asserted that the framework is a significant recognition of itself, and his company aims to work with global watchdogs. After issuing a few...Read More
Binance CEO Changpeng Zhao (CZ) recently released a statement on Binance blog to demystify the company’s relationship with China. He asserted that Binance is not a Chinese company, and that conspiracy theories of a Chinese employee secretly running the business are untrue. CZ’s History With China In the statement published on Thursday, CZ began by...Read More
After the unanticipated public spat between Binance CEO Changpeng Zhao (CZ) and WazirX CEO Nischal Shetty on Saturday over the ownership of WazirX, most Indian business news platforms prominently provided a follow-up on the issue on Monday. Money Control carried an article based on an interview with Shetty in which he said legal documents are in...Read More
Binance CEO Changpeng Zhao (CZ) has provided clarifying details on its relationship with WazirX – the crypto exchange whose assets were recently frozen by Indian regulators. While Binance was indeed partnered with the firm, CZ said it held no equity in WazirX’s operator Zanmai Labs. What’s the Deal Between Binance and WazirX? In a Twitter...Read More
Binance CEO CZ Zhao does not think anyone selling or buying Bitcoin can fundamentally impact the asset – even including Tesla CEO Elon Musk. To demonstrate his faith in the primary cryptocurrency, CZ said he is still holding most of the coins he bought when he just entered the industry. On Tesla’s Bitcoin Dump Commenting...Read More
Binance CEO Changepeng Zhao (CZ) has stated that his exchange was not the primary trading venue for the faltering hedge fund Three Arrows Capital (3AC). It also did not extend any lines of credit to the fund for a bailout. The Types of Bailouts As tweeted by Wu Blockchain on Wednesday, the South China Morning...Read More
Leading cryptocurrency exchange Binance said it is considering relaunching its services in South Korea 17 months after the platform stopped serving traders in the country. Binance CEO Changpeng Zhao (CZ) revealed the company’s intentions to Korean media Maeil Economic Daily at the VivaTech 2022 event in France. Binance Considers South Korea Re-entry This is the...Read More
The world’s leading cryptocurrency platform – Binance – reportedly revealed intentions to join forces with Malaysian exchanges to boost the local digital asset sector. Malaysia Could Benefit From Binance’s ‘Robust’ Platform Binance has displayed its ambition to strengthen its global presence, and South East Asia is among its key targets. Three months ago, it made...Read More
Despite the crypto markets plunging again after a short-lived run sending Bitcoin above the $32,000 level, Changpeng Zhao (CZ) – the CEO of the largest crypto exchange by trading volume – reiterated his bullish view on the industry in the long run. He insisted that the asset is an investment as well as a currency,...Read More
To address the criticism of centralization over its Binance Smart Chain (BSC), Binance in February announced the merge of BSC and BNB Beacon Chain (previously known as Binance Chain) to form the Build N’ Build (BNB) Chain – which was branded as more decentralized and with higher scaling capabilities. BNB Chain put out its technical...Read More
The CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), said that he expects more transparency from Luna’s team following last week’s UST-LUNA fiasco. Last week saw a top cryptocurrency literally go to zero in a matter of days. UST – Terra’s algorithmic stablecoin – lost its peg and crashed to some $0.225....Read More
Binance’s CEO reported earlier today that the company recovered nearly $6 million out of the $600 million stolen in the hack against the Ronin Network. These are among the first funds on the move since the exploit took place roughly a month ago. CZ took it to Twitter on April 22 to inform that the...Read More
FTX’s CEO Sam Bankman-Fried (SBF) posted a thread of tweets where he examined the BNB burning mechanism – shortly after Binance’s cryptocurrency went through its 19th scheduled burn. The 30-year-old CEO concluded that the “burn doesn’t drive price,” but “price drives burn.” CryptoPotato reported earlier this week the latest burning of BNB, in which more than $740...Read More
The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the trading venue – argued that the process proves the deflationary nature of the asset. BNB Chain (BNB) – the native token of the world’s largest...Read More
Binance, the biggest crypto exchange by trading volume, announced plans to expand its investments and operations into France’s STATION F, the largest startup campus in the world. Changpeng Zhao (CZ), founder and CEO of Binance, described the new space as the creative and innovative launchpad of his company’s footprints in Europe. The ‘Objective Moon’ initiative...Read More
Underscoring the role of India in web3 and the metaverse, Binance Founder and CEO Changpeng Zhao said the nation is a “natural frontrunner” in the evolution of the next generation of blockchain applications. “India is a huge market, as well as a leader in technology, and therefore will be a natural frontrunner for web 3...Read More
Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the several NGOs that have managed to secure donations to help the war-stricken country distribute emergency resources and push back against Russian invasion. However, concerns...Read More
The world’s largest cryptocurrency exchange continues with its expansion as this time it aims at one of the most well-known magazines and digital publishers – Forbes. Binance has agreed to invest $200 million in the century-old company to help it merge with a SPAC. Citing unnamed sources, CNBC reported on February 10th that the Changpeng...Read More
Bloomberg Billionaires Index has estimated the net worth of the Binance chief CZ to be at a whopping $96 billion. He is now the world’s richest crypto billionaire after surpassing some of the most popular names in the tech industry. From Flipping Burgers to Becoming a “Fixture” in the UAE It all started when Bobby...Read More
The French financial regulator Autorité des Marchés Financiers (AMF) has reportedly announced that the cryptocurrency exchange – Binance – must guarantee anti-money laundering compliance to set up a regional hub in Paris. Earlier this month, Changpeng Zhao – CEO of the trading venue – described the French capital as a “natural choice” for positioning headquarters....Read More
Binance has been experiencing problems with Dogecoin withdrawals for over ten days now. The root cause is a technical issue that resent old transactions to Binance users, besides DOGE holders being unable to withdraw the currency. CryptoPotato reported that the 1.14.5 upgrade on the Dogecoin network led to issues on the Binance exchange. Some failed (stuck) transactions...Read More
