Tag Archives: Changpeng Zhao

Tuesday, January 21, Binance announces their next project on Binance Launchpad, it’s WazirX. Yes, that is the same they acquired back in November 2019. WazirX is an Indian based cryptocurrency exchange with a native token – WRX. As usual, this IEO takes place in a lottery format where Binance record user Binance Coin (BNB) balances in a specific time period. The exchange will record their user BNB balances for 30 days. To be honest, the lottery is already happening in full swing because...

Leading cryptocurrency exchange Binance has completed its Q4 2019 burn of the Binance coin (BNB). It was the 10th quarterly token burn the exchange has done since the launch of the BNB in July 2017. The event, which took place during the weekend, saw a total of 2.2 million BNB worth more than $38 million destroyed. Although the figure represents a mere 1.1% of the total supply of BNB, it is Binance’s second and third-biggest burn in terms of USD and BNB, respectively. What Is A Token...

Changpeng Zhao advocated for storing your crypto assets on a trusted centralized exchange after Peter Schiff lost access to his BTC holdings. Last year, Binance was hacked but the exchange covered all losses. There are still numerous reasons why you should store your own coins. Not your keys, not your coin. This is a phrase commonly tweeted by hardcore crypto investors. It means that if you don’t control the keys of the wallet, you don’t control the cryptocurrency....

An outstanding American investment broker and Euro Pacific Capital CEO Peter Schiff has lost Bitcoin. The loss resulted from the failure of his crypto wallet. On Sunday, Schiff wrote on his Twitter account his password was no longer valid.I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never...

Just when we got worried that something happened to him, the head of the Tron Foundation Justin Sun popped out with, what seems to be, his new project.Calling it a “secret project” that will bring “multibillion benefits” to the TRX ecosystem, Sun tackled the public opinion once again.However, let’s just bear in mind that the young Sun has pretty much famous for his sensationalist announcements with numbers that would shame even the one and only – Donald Trump.The same goes to forecasting...

Major crypto exchange giant Binance has announced that it is launching a new perpetual contract product through its futures trading platform – Binance Futures. The new contract, which pairs EOS with Tether’s USDT is the platform’s fifth one.According to an official announcement on the Binance website, the new contract launched at 8:00 AM (UTC) on Wednesday, January 8. Also, Binance Futures is offering users up to 75x leverage.Binance also put a pricing limit of ±1% on the mark price, to...

In collaboration with Banxa, Binance has added fiat options for the Pound (GBP), Euro (EUR) and Australian Dollar (AUD). Banxa is a global fiat payment services solution that works with financial technology companies in solving their fiat-to-crypto currency issues. The popular faster payments services for the British pound (GBP) is available for users who need to buy cryptocurrencies quickly.Changpeng Zhao said that the Australian dollar and the Euro can also be purchased on Binance’s...

A few days ago we reported about the YouTube crypto ban. It has turned out that the biggest video sharing platform moved, deleted or banned some videos related to crypto. Hell, it deleted the whole groups connected to it, as well as the users’ profiles.However, the force is strong in the crypto community and it has been proven once again. Just a day after it was reported YouTube removed what it said was “harmful or dangerous content”, the crypto community went wild. And, as we already...

The news recently got a splash because of the Twitter user reporting transaction censorship. Binance Singapore froze his money because he was sending them to a Wasabi Wallet.CZ Answers on Espionage Allegations by Twitter CrowdsChangpeng pointed out that there are lots of comments on Twitter under the post about a frozen payment. It shows that people still do not understand how the exchange regulation works, while its a broad topic. In terms of AML procedures, the exchange is obliged to...

Binance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm. As part of the deal announced on December 19, the crypto trading platform company acquired equity in the FTX derivatives firm. Additionally, it bought long positions in the FTX native Token, FTT. In that context, Sam Bankman-Fried, FTX founder and CEO said:“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX...