Binance, the world’s largest crypto exchange, revealed an Industry Recovery Initiative—a $1 billion fund to help crypto companies in need. Now, other companies are jumping in to contribute. The collap...
Tag: Binance
Binance Confident to Raise $2 Billion for Its Crypto Recovery Fund
Ever since the collapse of the crypto exchange FTX, Binance chief Changpeng Zhao has been actively working to set up a recovery fund to help distressed, yet fundamentally strong firms. Besides, Binanc...
Binance Pledges Up To $2 Billion To Bail Out Distressed Crypto Firms As FTX Contagion Spreads
Changpeng Zhao, cofounder and CEO Binance, spoke at a summit in Lisbon, Portugal in early November. Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images Binance, the world’s largest cryptocurr...
Binance CEO Confirms Their US Arm Will Make Bid for Voyager Digital
Drawing on his Chinese origins, CZ has had to combat the wrong notion that the trading platform has any ties to the Chinese government. Binance co-founder and Chief Executive Officer, Changpeng ‘CZ’ Z...
Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants
Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to p...
Binance CEO Changpeng Zhao: ‘No amount of other people’s tweets would cause problems’ if an exchange holds customer assets
Perhaps it’s one last dagger, but Binance CEO Changpeng Zhou just could not resist a little dig at the fallen FTX chief executive Sam Bankman-Fried. That’s a reference to the role the cryptocurrency t...
Binance aims to allocate $1 billion for crypto recovery fund
Binance intends to allocate $1 billion for a proposed industry recovery fund, while its CEO revealed intent in a new bid for assets of bankrupt cryptocurrency lending firm Voyager by its United States...
Binance Launches $1Bn Industry Recovery Initiative
Binance has announced the formation of what it refers to as an “industry recovery initiative” in the wake of the failure of the cryptocurrency exchange FTX and its sister company, Alameda Research. Th...
Binance is Not A Chinese Company-CZ
Binance is not a Chinese company, exclaims CZ. Binance has nothing to do with China. Voyager soon under the stables of Binance. The current crypto market is indeed quite complex, and in other words bo...
Binance SAFU Insurance Fund is 44% Backed by its Own Token
Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data. The two addresses associated with the fund show that its BNB tokens...
Binance Commits $1B to Crypto Industry Recovery Fund
Key Takeaways Binance has announced its Industry Recovery Initiative, a $1 billion fund to help crypto companies in need. Other companies including Polygon Ventures and Animoca Brands have also contri...
Low-Cap Altcoin Jumps After Surprise Announcement From Crypto Exchange Binance
The price of a little known altcoin is surging after getting support from Binance, the world’s largest crypto exchange platform by volume. The trading platform’s mining pool service, Binance Pool, is ...
Binance to carry out Tron Network wallet maintenance – crypto.news
Binance crypto exchange announced on Wednesday that it would carry out routine maintenance of the Tron Network on Thursday, the 24th of November. The maintenance planned to take just an hour will begi...
Polygon Bearish Signal: Whale Moves $7.8M in MATIC To Binance
Data shows a Polygon whale has just moved around $7.8 million in MATIC to the crypto exchange Binance, something that may be bearish for the crypto’s price. Polygon Whale Has Just Transferred 9 Millio...
Binance Prepares to Buy the Dip With $1 Billion – But Is It Enough?
Binance CEO Changpeng “CZ” Zhao revealed in a recent interview that the company is looking for approximately $1 billion for the future acquisition of troubled assets in the digital asset sector. Zhao ...
Binance creates $1 billion crypto industry fund after FTX collapse
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor /...
Jump Crypto, Polygon Ventures, GSR contribute to Binance’s $1 billion recovery fund
Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. A...
Binance is not a Chinese company: Changpeng Zhao
Changpeng Zhao, the founder and CEO of Binance, has revealed that his company will put in a fresh bid for the assets of collapsed crypto lender Voyager. In an interview with Bloomberg on Thursday, the...
Bitcoin, Binance Coin, Shiba Inu, and Tron Daily Price Analyses – 24 November Morning Prediction
The global crypto market has continued to add gains as the influx of capital continues. The recent changes for Bitcoin, Binance Coin, and others show that they have grown considerably. The current tre...
Binance CEO “CZ” Reveals Plans On FTX, Industry Recovery Fund
Binance CEO Changpeng “CZ” Zhao in an interview with Bloomberg on Thursday answered questions on FTX contagion, Coinbase reserves, industry recovery fund, etc. He believes there will be some contagion...
Binance Coin Struggles below $300 as Selling Pressure Resumes
Nov 24, 2022 at 13:00 // Price Binance Coin (BNB) is falling, but is currently in an upward correction. The price of BNB rose to a high of $300 yesterday. The altcoin is now struggling below the last ...
Binance CEO ‘CZ’ Discusses Several Topics Post FTX Fall
13 seconds ago | 2 mins read Exchange News There will be some ripple effect, he predicts, from the FTX crypto exchange’s demise. CZ acknowledged putting aside roughly $1 billion initially to acquire t...
Binance US Will Bid Again for Voyager Assets
As FTX will not be able to follow through on its commitment to purchase Voyager and its assets, Binance US will return to the table, said Changpeng Zhao. He also reiterated a previous statement that B...
Binance Coin (BNB) Price Flashes Bullish Signs, Needs to Hold These Levels to Close 2022 Trade Above $500!
The crypto markets are witnessed a significant recovery since the past trading day as Bitcoin price soared from $15,800 to as high as $16,800. Meanwhile, BinanceCoin (BNB) price also marked daily high...
Binance targets $1 billion for ‘industry recovery fund’
Crypto exchange operator Binance is aiming to amass around $1 billion for its recently announced “industry recovery fund.” CEO Changpeng “CZ” Zhao discussed the plan on B...
Binance CEO “CZ” Discusses FTX Contagion, Recovery Fund, Voyager Bid
Crypto News Today Live Updates November and Latest News: (24 November 2022) The global digital asset market managed to record recovery for the straight second day after the major dump. The total crypt...
Binance Announces Hooked Protocol as 29th Project on Its Launchpad
Leading crypto exchange Binance has announced the Hooked Protocol (HOOK) on its Launchpad with sales beginning soon. Binance has announced Hooked Protocol (HOOK), the 29th project on the Binance Launc...
Binance To Cement Position With $1B For Distressed Assets
Binance CEO Changpeng Zhao (aka “CZ”) has been a key player in the crypto market over the past few turbulent weeks. It wasn’t until his tweet about FTX’s credibility and the announced sale of all Bina...
BNB Price Jumps 17% as HOOK to Be Released on Binance Launchpad
Yuri Molchan Binance Coin is up 16% as Binance Launchpad kicks off a new project and coin sale Contents 29th project to start on Binance Launchpad Binance invests in NGRAVE hardware wallet Prominent c...
Binance Remains Unaffected From the Crypto Crisis?
57 mins ago | 2 mins read Editors News Prominent crypto firm Binance, is acting as a catalyst to speed up the adoption. Binance is a standalone company to have active hiring going on. The adoption of ...
RavenCoin (RVN) up 20% as Binance Makes Major Mining Announcement
Gamza Khanzadaev Black-and-yellow crypto giant announces RavenCoin Mining Pool launch, RVN price reacts Crypto exchange Binance has announced the launch of RVN mining pool, the native token of the Rav...
Oryen Network Most Bullish Presale 2022 – Invest into the staking platform alongside Chainlink, Aptos and Binance Coin
Bullish momentums are the highlights of any investment venture, and when it comes to the cryptocurrency niche, presales are the best opportunities to generate excellent returns. Oryen Network is an au...