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Tag Archives: Changpeng Zhao (CZ Binance)

Binance CEO Believes Biden’s Crypto Regulatory Framework Is Good News

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 executive orders on digital assets in the past several months, the Biden administration took it up a notch on Friday when it...

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Binance is Not a Chinese Company, Declares CEO

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 recounting his personal history with the China. He and his family fled from the nation to Canada when he was 12 years old, only...

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CZ Binance: I Would Like to See More Transparency From Terra’s Team

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. Because of how the protocol works, this created a massive arbitrage opportunity as users could burn 1 UST and receive $1 worth of LUNA. So long...

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Bitcoin Less Volatile Than Tesla and Apple for the Past 2 Years, Claims Binance CEO

Changpeng Zhao – Chief Executive Officer of Binance – believes that bitcoin is less volatile than many stocks of tech giants, including Tesla and Apple. He also said the exchange will “have good news to share” on its confrontation with global regulators. ‘Many of the Tech Stocks are More Volatile Than BTC’ In a recent interview with the Financial Times, Changpeng Zhao expressed his opinion that during the past two years, the price of the primary cryptocurrency has been “more...

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Binance Recovered $5.8 Million From the Axie Inifity Hackers, Says CZ

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 hacker group behind the largest DeFi exploit started to move some of the stolen funds. As part of it was transferred to Binance and was spread among 86 accounts, the exchange...

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Binance Opens its Web 3.0 Space in France

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 was established to feature a new Binance R&D hub in France, supporting the development of the French and...

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Binance CEO: Using Crypto to Avoid Sanctions Is A Myth

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 regarding deep-pocketed Russian oligarchs trying to slip past the impact of Western sanctions by using...

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Binance to Invest $200 Million in Forbes (Report)

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 Zhao-led crypto exchange plans to allocate $200 million into Forbes. The idea is to help the magazine and online publisher to merge with a...

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10 Most Influential Crypto People of 2021 

2021 was indeed an eventful year for the cryptocurrency industry. Many milestones were achieved within the last 12 months. We saw an influx of institutional investors adopting crypto assets, especially Bitcoin, as a hedge against inflation. Non-fungible tokens (NFTs) became a thing for celebrities and retail investors, with billions of dollars traded in exchange for different digital collectibles. While the landmark growth of the industry was championed by different players,...

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French Regulators: Binance Has to Improve AML Compliance Before Setting Up HQ in Paris (Report)

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. Binance Is Not Ready to Settle in France The largest digital asset exchange – Binance – has been on a mission to...

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