Tag Archives: Changpeng Zhao (CZ Binance)

The crypto space is constantly evolving, with new ideas and projects emerging now and then. The steady growth is attracting more people and, in turn, giving top names in the industry more influence. Crypto tax software firm CoinLedger has compiled a list of the most popular personalities in the digital asset industry using their respective social media followings as a yardstick. The names were obtained from a list of the 30 most influential people in the crypto sector in...

In the fast-paced world of cryptocurrencies, Bitcoin halving events are significant milestones that grab the attention of investors, traders, and enthusiasts worldwide, leading to speculation and anticipation among the community. Changpeng Zhao recently shared his thoughts and observations on the dynamics and sentiments surrounding Bitcoin halvings based on his experiences during the past three events. The Pre-Halving Buzz and Aftermath The cryptocurrency community buzzes...

With jury selection finished, FTX co-founder Sam Bankman-Fried’s (SBF)’s trial is officially underway, with prosecutors and defense lawyers delivering their opening statements on Wednesday. During his remarks, SBF’s lawyer Mark Cohen asserted that the former exchange tycoon “didn’t defraud anyone,” instead pointing the finger at Binance CEO Changpeng Zhao (CZ) for causing a “run on the bank at FTX.” SBF Was “Just A Math Nerd” As summarized by Inner City Press on Wednesday,...

According to Michael Lewis’ book “Going Infinite,” Binance CEO Changpeng “CZ” Zhao turned down an offer in March 2019 from former FTX CEO Sam Bankman-Fried to invest $40 million in creating a cryptocurrency futures exchange. Binance, originally a spot crypto exchange, decided to develop a futures exchange internally instead of accepting an offer from Bankman-Fried. In response, SBF established FTX in May 2019. However, FTX faced financial difficulties and filed for bankruptcy...

It is safe to say that Binance US – the American subsidiary of the world’s leading cryptocurrency exchange – has passed through turbulent times, witnessing considerable customer withdrawals and diminished trading volume in the past several months. According to the market data provider Kaiko, weekly trade volumes on the platform have recently plunged to a mere $40 million (a 99% decrease compared to the nearly $5 billion registered in March when the crypto industry showed...

Binance CEO Changpeng Zhao (CZ) published a tweet re-encouraging followers to “ignore FUD” – this time surrounding rotating management at his exchange’s U.S. subsidiary, Binance.US. The statement follows three executive departures from the exchange this week, mimicking earlier, similar behavior from top brass at the international exchange. In his tweet, CZ noted speculation regarding recent management changes at Binance.US, one of which included the exit of CEO Brian Shroder...

CertiK has revealed transactions connecting the breaches at Atomic Wallet, Alphapo, CoinsPaid, Stake.com, and CoinEx that show Lazarus Group’s involvement in these exploits. This comes while the digital community is reeling from various cyber attacks that have affected several major Web3 entities. On-Chain Connections The infamous Lazarus Group, supported by North Korea, is still causing chaos in the Web3 community. Following their well-known exploit of the Ronin bridge in...

A hedge fund manager whose firm was ravaged by FTX’s November collapse is now warning of a second-coming “implosion” at Binance. On Tuesday, Ikigai Asset Management founder Travis Kling published a historical timeline outlining a history of “negative events” at Binance since December 2022, attracting attention from some of the exchange’s top brass. How Binance Resembles FTX Kling’s timeline includes over 40 events that have cast a shadow of doubt over Binance’s...

The Chief Executive Officer of Binance – Changpeng Zhao (CZ) – said one reason why his company recently introduced the stablecoin FDUSD is the terminated partnership with Paxos. While the two entities teamed up in 2019 to launch the USD-denominated BUSD, the New York state regulators told Paxos to stop minting new tokens earlier this year. CZ said that, as of the moment, Binance has no intention to list its own stablecoin but rather collaborate with other companies focusing...

The world’s largest cryptocurrency exchange – Binance – will purportedly launch services on its new platform in Japan next month.  The firm pulled out of the Land of the Rising Sun in 2018 after having a major dispute with the local regulators.  Binance’s CEO – Changpeng Zhao (CZ) – has supposedly confirmed the news in a video conference in Tokyo on July 25 (as seen by Bloomberg). The exchange previously announced that it will start operating on the Japanese market after June...