Binance CEO Changpeng Zhao announced that his company would be launching a recovery fund to stabilize the cryptocurrency industry. The main purpose for the fund would be “to reduce further cascading n...
Tag: Binance
As Ethereum (ETH) And Binance Coin (BNB) Fall, The Hideaways…
The value of the portfolios of many traders and crypto enthusiasts who have invested heavily in BNB (BNB) and Ethereum (ETH) has recently decreased. Even if the market recovers and these coins’ ...
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’ – Bitcoin News
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transpare...
Binance CEO tweets regret at not shorting FTX token
The chief executive of Binance said he regretted not betting against the token tied to the failed FTX cryptocurrency exchange. Changpeng Zhao, the co-founder and CEO of Binance who is known by initial...
Binance Announces Recovery Fund For Crypto Firms In Liquidity Crisis ⋆ ZyCrypto
Advertisement     The giant crypto exchange aims to mitigate FTX-induced effects in the industry. Tron’s founder, Justin Sun, has pledged support for the new initiativ...
Binance (BNB) And Aptos (APT) Whales Turn Their Attention to Orbeon Protocol (ORBN)
Every so often, a project will come along that captures the attention of some of the biggest whales in the cryptocurrency space. The latest project to do so is Orbeon Protocol (ORBN), which has seen ...
After FTX, Binance launches the recovery fund
After the collapse of the FTX exchange last weekend, this is not the first time Binance CEO Changpeng Zhao has spoken on the subject. The latest update is the tweet of a few hours ago, in which Binan...
Crypto: the Binance-FTX soap opera continues
FTX’s seems to be a real soap opera, and Binance is exploiting the moment of market chaos to secure more market share. After the declaration of bankruptcy, and the resignation of Sam Bankman-Fried (S...
CZ & Binance leading the industry recovery fund initiative, what to expect?
FTX’s liquidity ordeal and eventual bankruptcy declaration last Friday is unarguably a disruptive hit to the stability of the cryptocurrency market. While FTX’s users directly lost billions in stuck c...
Binance CEO Reveals Surprising Fact on FTX Collapse
FTX, the former second-largest cryptocurrency exchange in the world, has imploded, leaving what is said to be an $8.8 billion hole on its balance sheet. Numerous of its 1 million consumers are current...
Binance Industry Recovery Fund Not For Terra Classic – Terra Rebels
– Advertisement – ReXx of the Terra Rebels discloses that Recovery Fund from Binance is not meant for Terra Classic. ReXx, a prominent Terra Rebels admin, recently revealed that neither ...
Binance announces ‘Industry Recovery Fund’ to help cash-strapped projects
The crypto-industry has been trying to wrap its head around the unexpected collapse of the world’s second-largest crypto exchange FTX. On one hand, investors are anxious about the safety of their fund...
Bitcoin Tests $17K as Crypto Markets Add $40B on Musk and Binance Tweets (Market Watch)
The past 24 hours have been quite dynamic in terms of pricing on the cryptocurrency market. Bitcoin dropped below $16K, only to soar back toward $17K later, followed by the rest of the cryptocurrencie...
Binance at war for BlockFi cards
Binance, together with Coinbase and Curve, are among the exchanges in pursuit of BlockFi credit card customers. A bidding war is expected to be settled within the next few hours. Specifically, the sm...
$1 Billion Bitcoin Withdrawn From Binance, 1.6 Million ETH Withdrawn From Exchanges – Trustnodes
Exchanges are currently seeing a mass exodus with more than 59,000 bitcoin, worth about $1 billion, withdrawn from Binance. Coinbase, as one of the oldest and the biggest, had even more withdrawn, 69,...
Binance CEO “CZ” Discussed FTX Token (FTT) Fate With SBF
Binance CEO “CZ” on Monday said Binance never shorted FTX Token (FTT). He said the crypto exchange still has a significant amount of FTT holdings, but stopped selling it after Sam Bankman-Fried (SBF) ...
Binance and Royal Group enter into a joint venture
Binance and Royal Group have formed a joint venture to advance the blockchain industry in Cambodia. The companies hope to position Cambodia at the forefront of technological innovation in the region. ...
Binance to launch ‘recovery fund’ for strong projects with liquidity crisis
Binance CEO Changpeng ‘CZ’ Zhao revealed on Nov. 14 that the exchange would launch an industry recovery fund to help strong projects in a liquidity crisis. To reduce further cascading negative effects...
Binance creates industry recovery fund to help projects struggling with liquidity
As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues. In a tweet...
Binance CEO “CZ” Announces Crypto Market Recovery Fund
Binance CEO “CZ” on Monday announced forming an industry recovery fund as the FTX crisis tanks the crypto market. Binance’s recovery fund will help long-running successful projects affected by the liq...
Binance Is Seeking To Revoke All API Keys From Third-party Firms
9 seconds ago | 2 mins read Exchange News CZ has specified that API keys should not be shared with any third-party services. Binance is trying to disable all the API keys used on Skyrex. Binance CEO ...
Binance will launch a new ‘industry recovery fund’
Binance will launch a new fund to help prop up crypto projects facing liquidity crunches. Changpeng Zhao, Binance’s CEO, tweeted about the plan early on Nov. 14. “To reduce further cascadi...
Here Is How Binance Plan To Aid Liquidating Firms After FTX
Crypto Live News The FTX exchange’s collapse has created havoc with major cryptocurrencies like Bitcoin and Ethereum losing their key price levels. Amidst this, Binance CEO, Changpeng Zhao has come up...
Bitcoin and Crypto Markets Pop As Binance CEO Announces Industry Recovery Fund
An announcement from Binance CEO Changpeng Zhao has triggered an immediate rise in the price of Bitcoin and the overall crypto markets. Zhao says he’s forming an “industry recovery fund” to support co...
Binance Chief Pushes for Global Crypto Standards Amid FTX Crisis
As the FTX crisis unraveled over the last week, the demand for regulatory clarity and proper crypto framework has soared recently. Head of crypto exchange Binance – Changpeng “CZ” Zhao – said that the...
Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’ – Economics Bitcoin News
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think basically it se...
Binance Reveals It Has Over $70 Billion in Reserves
After the chaos that unfolded this past week with FTX, many exchanges and firms have taken a pledge towards transparency and have revealed the balances of their hot and cold wallets. Binance, who was ...
Bitcoin, Binance Coin, Helium, and Loopring Daily Price Analyses – 13 November Morning Prediction
The global crypto market has seen no positive change over the last day. The performance of Bitcoin, Binance Coin, and others continues to show losses. The market has witnessed a decline in value due t...
FTT Crashes 9% Following Binance and Huobi Suspension of its Deposits
At least two crypto exchanges, Binance and Huobi, have blocked the deposits of FTT after 192 million tokens were released into circulation, contrary to the schedule. FTT tokens are usually released in...
No More Deposits of FTX’s FTT Tokens on Binance, States CZ
35 seconds ago | 2 mins read Binance News Binance suspends the deposits of FTX’s native FTT token. The suspension is due to unauthorized transactions of crypto assets. FTX has filed a bankruptcy prote...
Binance CEO Changpeng Zhao Reveals Why Deal With FTX Collapsed, Says Industry Now Facing 2008-Style Meltdown
The chief executive of the world’s largest crypto exchange is revealing why the potential deal with former competitor and bankrupt firm FTX failed to go through. In an interview at the 2022 Indonesia ...
Binance CEO Says Why You Should Avoid Exchanges That Do This
Arman Shirinyan CEO of biggest exchange on market explains how to avoid losing funds on crypto trading platforms Changpeng Zhao, Binance CEO and a person who is now considered one of the most influent...