Tag Archives: Changpeng Zhao

Earlier today, news of a possible hack on one of South Korea’s biggest cryptocurrency exchange platforms Upbit made the rounds. Reports had it that the exchange’s customers were confused because they noticed quite a few irregularities with their accounts including the inability to transfer funds. In a recent publication, Upbit has now confirmed that a large and unauthorized amount of funds was moved to an unknown wallet.It’s also worth mentioning that this news has negatively influenced the...

Recently we wrote about how there were some media rumors about Binance having shutdown its Shanghai following a police raid. It was then reported that Binance has relocated its 100-member Shanghai team to other offices in Singapore.However, shortly after, we reported of Binance spokesperson refuting all the claims and media reports saying that any police raid on Binance’s Shanghai office actually did not happen.Nevertheless, the story needs its closure, but also, an explanation, at least if...

News broke out two days ago that Binance’s Shanghai office has been raided by local police and has shut down consequently. The CEO of the cryptocurrency exchange, Changpeng Zhao, has since refuted the claims, while also saying that it’s FUD of the kind that damaged Bitcoin’s price in the past couple of days.Binance To Sue The Block Media OutletCryptocurrency news media The Block reported on November 21st that the Shanghai office of Binance has shut down because it has been clamped down by...

Bitcoin isn’t doing so well. The currency recently fell to $7,600 after weeks of trading in the $8,000 range, and the technical charts aren’t looking so good.Bitcoin Still Has a Bright FutureAnd yet, despite all this bearish activity, many heavy hitters and analysts in the crypto community agree that bitcoin isn’t done for and is likely to improve its present status in the coming months. Among the figures standing by bitcoin’s side is Tim Draper, the venture capitalist who recently claimed...

Charles Hoskinson remains ultra bullish on bitcoin.FUD takes over the cryptocurrency markets.Now might be a good time for long term BTC acquirers.Despite a recent bout of fear, uncertainty, and doubt within the cryptocurrency community, Charles Hoskinson – the creator of Cardano – has set a bullish $100,000 price target for BTC.Bitcoin is dying, or so it would appear if you lurk around any corner of Crypto Twitter. This dour sentiment is somewhat understandable given the current price...

The Block reported that Binance’s Shanghai office was raided by the police. Changpeng Zhao (CZ) quickly responded and went into the offensive to refute The Block’s claims. CZ knows that he can file a lawsuit against the crypto news site but says that that’s “too much trouble for now.” On Thursday, The Block published an article that rocked Crypto Twitter (CT). The New York-based crypto media outlet reported that Binance’s Shanghai office was raided and shut down by the police. The article...

The rumor in the air has been that Binance has shutdown its Shanghai following a police raid. On Thursday, November 23, several online publications including CoinSpeaker reported that Binance has relocated its 100-member Shanghai team to other offices in Singapore.The report also states that Binance has planned to shut down its Shanghai office completely. Furthermore, it added that Binance CEO and founder Changpeng Zhao and the company’s Chief Marketing Officer (CMO) Yi He, have already moved...

Recent reports currently suggest that one of the world’s largest cryptocurrency exchanges, Binance, has had its Shanghai office shutdown causing its many staff members to either work remotely or even completely abandon China and move to Singapore. According to sources familiar with the matter as cited by The Block, there is currently no fully functioning Binance Shanghai anymore.The cited sources have also added that the office was recently raided by police in the area, for unknown reasons....

Many of the people working in the cryptocurrency industry had a negative banking experience. Some were prevented from accessing their funds while others lost their accounts. It’s no surprise that many people are working hard to disrupt the banking industry. Many of today’s leaders in the cryptocurrency space were victims of poor banking. To some, the experience was so bad that they are now spearheading the disruption of the banking system. For instance, Changpeng Zhao, chief...

The Bitcoin futures market has exploded like no one could have expected over the recent years, and it continues to grow. This summer, BitMEX hit a new record for BTC futures trading at over $16 billion.CME recently petitioned the CFTC to double its BTC futures trading capacity in the face of soaring interest. Binance had recently entered the space, and Bakkt has launched with its physically delivered BTC futures product (albeit somewhat tepidly).In the light of so much action among the margin...