CZ talks about crypto adoption with the president of the Central African Republic after the nation adopted Bitcoin (BTC).
Changpeng Zhao, CEO of the Binance, has offered advice to the cryptocurrency community in response to the recurrent cases of cryptocurrency platforms blocking users' accounts and preventing them from accessing their funds. CZ Says Binance Is Profitable On July 21, CEO Zhao tweeted, "Choose exchangers carefully. Avoid exchanges that require funding to operate. He made a remark in response to the report that...
Summary: CZ has defended his earlier tweet announcing a possible exploit on Unsiwap V3 that was later confirmed as being a false positive. According to CZ, he would rather be wrong than risk people losing money. He added that 'speed is of the essence when dealing with security issues.' The alleged Uniswap V3 exploit has been confirmed as a Phishing Attack. Binance CEO,...
Summary: Binance has announced the launch of zero-fee Bitcoin for 13 spot trading pairs beginning July 8th until further notice. The discounted trading is part of the exchange's fifth-anniversary celebrations. The 13 Bitcoin pairs are mostly against fiat and stablecoins on the exchange. Binance US also announced zero-fee Bitcoin trading last month. The team at Binance has announced the launch of zero-free Bitcoin...
Summary: Binance has stepped up the verification of users that have been potentially affected by the latest data breach. A hacker claims to have obtained the personal data of over 1 billion Chinese residents from the Shanghai police. The anonymous attacker seeks 10 Bitcoin on the dark web for 23 terabytes of data. The crypto exchange of Binance has stepped up its verification...
At a time when crypto analysts and Bitcoin evangelists are trying to predict a bottom, Binance CEO "CZ" has come up with his opinion on Bitcoin's bottom. He believes Bitcoin (BTC) bottoms out when there are "bitcoin is dead" headlines. So, historically anyone who bought Bitcoin when there was such a sentiment made the most...
Summary: Binance CEO, CZ, has said that the exchange has a healthy war chest to get through the ongoing crypto winter. CZ also reiterated that Binance is hiring right now. He also pointed out that Binance is frugal, avoiding expensive spending like Super Bowl advertisements. Binance CEO, CZ, has stated that the exchange has a healthy financial war chest to assist the crypto...
Summary: Binance has temporarily paused Bitcoin withdrawals on the exchange due to stuck transactions causing a backlog. The team is currently working on a solution, and further explains that the backlog is being caused by a batch of Bitcoin transactions with low transaction fees. Bitcoin withdrawals on other networks (BEP20 and ERC20) through wrapped tokens are open and working as normal. The crypto...
Summary: In a recent AMA, Binance CEO was asked whether he would consider taking over from Do Kwon at LUNA and bailing out UST. CZ responded by stating he was humbled by the request, but such a scenario was unlikely given that he is 'pretty busy already.' CZ also clarified that the exact details of a possible LUNA airdrop after the Terra hardfork...
Summary: CZ has debunked a Wall Street Journal article that suggested Binance employees had participated in insider trading of Gnosis last August. He stated that Binance has a zero-tolerance policy on insider trading and holds itself to the highest standards. CZ also asked anyone who notices anything suspicious regarding trading on the exchange to send a whistleblower email to audit@binance.com. The Co-founder and...
Describing the Terra LUNA ecosystem as a shallow concept, Binance CEO Changpeng Zhao on Friday further spoke about the crash. He said there are ‘no great solutions’ that can please everyone who were affected by the meltdown. CZ said Terra’s growth was hollow and that led to the bubble burst. He indicated that the collapse was...
Quick take: CZ believes that UST's depegging and massive LUNA inflation could have been avoided had the LFG deployed its reserves when the de-peg was at 5%. According to CZ, the Terra team was very slow and infrequent in communicating with the community during the crisis. He also stated he has mixed feelings about the ongoing revival plans to fork the Terra chain....
Summary: Larry Cermak has shared a document showing that Binance might have invested $300 million in Terra Mr. Cermak was responding to a Tweet that suggested he might have lied on his claims that Binance was a significant investor in Terra CZ had earlier refuted rumors that Binance had invested the said amount in Terra (LUNA) There is a probability that the funding...
Summary: CZ has clarified via Twitter that Binance did not invest $300 million in Terra (LUNA) He was responding to a comment by Larry Cermak that Binance led Terra's seed round in 2019 and 2021 Larry Cermak also implied that Binance had invested the said $300m, and it explained why CZ was 'tweeting passionately about LUNA' Binance CEO is also requesting more transparency...
Summary: CZ has expressed concerns over a proposal to fork the Terra chain to create new LUNA and UST digital assets Binance CEO states that the new fork will not have value, and one cannot void all transactions after an old snapshot, particularly on crypto exchanges He also questioned where all the Bitcoin reserves owned by the Luna Foundation Guard went Do Kwon...
Chaopeng Zhao (CZ) encourages crypto traders and investors to put their emotions on check, as fear grips the market. Today, the price of Bitcoin slipped way below $30, 000 for the first time since July 2021. But Binance's CEO CZ, appears unmoved by the most current crypto market dip. CZ Asks investors to not panic...
Quick take: CZ has denied claims published in a Reuters article that Binance shared Russian user data with FSB agencies and regulators According to Reuters, the Russian agency, Rosfin, was seeking to trace millions of dollars in Bitcoin raised by jailed opposition leader Alexei Navalny CZ has clarified that as soon as the war in Ukraine started, Binance ceased operations in Russia and...
American media company and business magazine Forbes has named Changpeng Zhao and Brian Armstrong as two of the world's richest crypto billionaires this year. CEO of Binance tops Forbes wealthiest crypto...
The original title of Changpeng Zhao’s profile was "Crypto's richest rebel goes legit." Then, for the online version, it became the hilariously long “He became as rich as Mark Zuckerberg virtually overnight. How...
Crypto billionaire and founder of Binance, Changpeng CZ Zhao, has proposed crypto as a way to fight inflation. Fellow billionaire Michael Saylor chimed in the discourse to point out Bitcoin as the perfect inflation hedge. Two billionaires propose...
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