Tag Archives: Changpeng Zhao (CZ Binance)

A new report has surfaced from the Wall Street Journal, outlining insider communications between members of Binance and Binance US. Additionally, the messages discuss how best to deal with regulatory oversight, which is a major point of interest for any business eager to do business in the United States. However, the report hints that Binance’s early days may have been fraught with the issues typical of dotcom startups. Less Compartmentalized Than Previously Believed...

The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake.  It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute. Binance vowed to airdrop $100 in BNB to customers situated in Turkey’s most damaged cities from the earthquake, including Gaziantep, Kilis, Kahramanmaraş, Adana, Malatya,...

Mark Wahlberg’s production company – Urealistic Ideas – reportedly partnered with the media outlet – Fortune – to release a documentary revealing the controversial relationship between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). The FTX crash caused a clash between the two, who accused each other of the catastrophic event. Making a Movie out of the Saga According to The Hollywood Reporter, broad society might soon watch a documentary depicting the spat between FTX’s...

The Swedish Financial Supervisory Authority registered the world’s largest cryptocurrency exchange – Binance – as a financial institution for management and trading in virtual currency in the Scandinavian country. This is the seventh EU nation where the platform has received such a license, with the previous six being Italy, France, Spain, Poland, Cyprus, and Lithuania. Binance announced that its Swedish subsidiary – Binance Nordics AB – obtained registration from the...

2022 will go down in history as one of the most atrocious and shocking for the cryptocurrency industry, which saw several major implosions, countless bankruptcies, fallouts, and everything in between. Apart from the obvious – the massive price declines of cryptocurrency assets, Forbes estimated that several industry participants have lost their billionaire status, while others’ fortunes were wiped out to $0. From Terra to FTX – Crypto Debacles The macroeconomic factors have...

The biggest news of the past seven days is undoubtedly the arrest of the former CEO of FTX – Sam Bankman-Fried. This took place on December 13th in the Bahamas at the request of the US Government. SBF now faces multiple counts of fraud charges, including criminal charges from the US DOJ. The US Bureau of Labor Statistics also published the numbers for the Consumer Price Index, which clocked in at 7.1%. The expectations were for 7.3%, which sent the markets, including Bitcoin,...

Changpeng Zhao – CEO Binance – agreed that the collapse of FTX has caused some panic in the space. He also reiterated that the fact that they were audited by a somewhat reputable firm caused others in that business to be more cautious when working with crypto businesses. He assured that Binance is in good financial standing, does not owe anybody money, and has never co-mingled clients’ funds. In a recent interview for CNBC, CZ said Binance coped with the recent customer...

Changpeng Zhao – CEO of Binance – said clients had withdrawn approximately $1.14 billion worth of crypto today (December 13) from the platform. The executive assured they handled the demand and that business continues to operate “as usual.” Zhao stated on Twitter that the recent withdrawal requests are not a black swan event, reminding that Binance has processed such an amount of transactions before, as also seen on the following chart by Nansen. Source: NansenThe CEO...

Every day, the crypto ecosystem finds evidence of unethical practices by Sam Bankman-Fried and/or his team. However, the founder of FTX and Alameda Research denies his responsibility for the sudden failure of his businesses, stating that he was unaware of any wrongdoing. But who’s responsible? Sam already has somebody in mind. In an interview with Forbes on December 12, Sam Bankman-Fried, the former CEO of FTX, once again blamed Binance CEO Changpeng Zhao for the failure of...

Binance CEO Changpeng Zhao (CZ) and ex-FTX boss Sam Bankman-Fried (SBF) traded barbs over Twitter on Friday as each contested the true nature of their private business dealings. During the exchange, Bankman-Fried asked CZ why he would “lie” about their situation, given he had already “won,” post bankruptcy. CZ’s Story CZ began with reference to Kevin O’Leary’s latest comments on FTX’s fallout.  In his interview with CNBC, the Shark Tank star suggested that FTX spent much of...