Tag: changpeng zhao

Reading Time: 2 minutes Binance CEO Changpeng Zhao has said that he recognizes the company needs a “centralized entity” if it wants to please regulators Binance has been targeted by regulators worldwide in 2021 Zhao told the South China Morning Post that they knew...

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Binance successfully completed its ICO 4 years ago to date The 2017 ICO raised roughly $15 million in crypto in 16 days CZ has revealed that Binance Coin (BNB) was initially meant to have a ticker of BNC A change from BNC to BNB was done to avoid conflict with another project CZ has confirmed that the 16th BNB coin burn will occur...

The Binance team was allocated 40% of the BNB minted during the ICO back in 2017 The 80 million BNB is now worth $37 Billion CZ has clarified that all team allocated BNB from the ICO will be burned Binance Coin (BNB) dropped to a local low of $428 due to the crypto market crash earlier today However, fundamentals surrounding the Binance Smart...

Binance has completed its 15th quarterly coin burn of Binance Coin (BNB) 1,099,888 BNB valued at $0.595 Billion was destroyed The total supply of BNB reduced from 170.532 million to 169.432 million The latest BNB coin burn was the largest to date Earlier today, the crypto exchange of Binance carried out its 15th quarterly BNB coin burn. The event removed from circulation 1,099,888...

Summary: CZ has pointed out that he did not contribute much towards the building of the Binance Smart Chain He explained that all he does is support the project through 'a lot of shilling' The Binance Smart Chain continues to grow with daily transactions constantly above 2 million Binance smart chain unique addresses have now hit 60.384 million in total Earlier this week,...

The Commodity Futures Trading Commission (CFTC) is probing Binance Holdings Ltd., the largest cryptocurrency exchange by volume, concerning transactions that were allegedly carried out by U.S. residents. According to the report, the CFTC is investigating Binance to find out if U.S....

In brief: According to CZ, the 15th BNB coin burn will happen in a month or so Yesterday, Binance Coin dipped by 14% as news broke of the US CFTC investigating the exchange One year ago, Binance Coin was trading at $6.40 due to the Coronavirus dip of mid-March BNB is trading at $268 and has increased by a factor of 42x since...

Quick take: Binance CEO has pointed out that Ethereum's success might be its own killer He compares Ethereum to MySpace which failed after it could not handle the load due to demand ETH2.0 is years away and this could be the ultimate Ethereum killer CZ further defended the Binance Smart Chain by saying it is not the Ethereum killer The CEO of Binance,...

Quick take: CZ has shared the pros and cons of Dogecoin (DOGE) He has pointed out that DOGE has a cool PR manager in Elon Musk However, it is somewhat centralized with 27% of all DOGE held by one address Furthermore, the top 20 addresses hold more than 20% of all Dogecoin (DOGE) Earlier today, the CEO of Binance, CZ, shared a brief...

Quick take: The Binance team has never sold any BNB from the team allocation This is despite their Binance Coin (BNB) being unlocked The funds are now valued at approximately $2.192 Billion The funds can be view via publicly viewable addresses on the Binance Chain Such commitment is proof that the team is in it for the long haul The CEO of Binance,...

Quick take: Binance has carried outs its highest quarterly coin burn to date 3,619,888 BNB or $165,791,000 worth of BNB, was removed from circulation forever Binance has released details of its new accelerated BNB coin burn program The old plan would take 27 years to complete with the accelerated version compressing it to 5 - 8 years The crypto exchange of Binance has...

Summary: Ethereum's tweet volume is at an all-time high This comes after Ethereum's price broke the $1,000 ceiling that is now acting as support High ETH gas fees is also another reason that Ethereum conversations on Twitter are high The amount of discussions on Twitter surrounding Ethereum is at an all- time high. This is according to data from the team at The Tie...

Summary: Binance CEO, CZ, has pointed out that Ethereum's market cap is bigger than that of Spotify, GM, Baidu, Ferrari and BMW The market cap of BNB is considerably smaller but bigger than Xerox Bitcoin's market cap recently exceeded that of Visa Ethereum and BNB are two digital assets to watch moving forward due to smart contracts and Defi The CEO of Binance,...

Quick take: The team at Binance will be considering ways of accelerating the BNB coin burn program The current BNB coin burn is done quarterly with the exchange destroying the equivalent of 20% of profits during that time period An accelerated coin burn program will have a positive effect on the value of BNB The CEO of Binance, Changpeng Zhao, has announced via...

That's up from about $570 million in 2019.

Reading Time: 2 minutes Binance has filed a lawsuit against Forbes and two of its journalists Forbes claimed that Binance was actively seeking ways to sidestep U.S. regulations Binance has argued that the allegations are “false, misleading and defamatory”...

Quick take: CZ has clarified once again that the Binance Smart Chain is not a replacement or killer of Ethereum He believes ETH2.0 will be awesome when launched and BSC is more like ETH1.8 Transactions on the Binance Smart Chain are 100% backward compatible, faster and have lower fees when compared to Ethereum According to DappRadar, the transaction volume of Binance Smart Chain...

News of Singapore's biggest bank, DBS, launching a cryptocurrency exchange, rocked the crypto space today. Following the announcement, a spokesperson for the bank confirmed to Altcoin Buzz that DBS was exploring unveiling a digital currency exchange. However, it was noted that this decision was still in progress as the bank has not yet obtained regulatory approval. According to the spokesperson, "DBS’ plans to...