Binance CEO Changpeng Zhao announced on Twitter that the foremost crypto exchange would convert the approximately $1 billion remaining from its Industry Recovery Initiative funds to native crypto asse...
Tag: CZ
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
Merit Peak, firm at heart of Reuters report, operated on Binance.US, exchange admits
Binance.US, the U.S. affiliate of the world’s largest crypto exchange, acknowledged that a market making firm called Merit Peak, which is alleged to have secretly received $400 million from the exchan...
Binance transferred $400 million from U.S. partner to Zhao-run firm, Reuters says
Binance secretly had access to a bank account of its U.S.-based partner and transferred more than $400 million from that account to a trading firm managed by Chief Executive Officer Changpeng Zhao, Re...
Bitcoin holds firm above $24,000, with crypto prices buoyant as stocks dips
Markets • February 16, 2023, 10:22AM EST Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down. Bitc...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...
Bitcoin hurtles toward $18,000 as inflation comes in below expectations, crypto stocks soar
Bitcoin and crypto prices soared following lower-than-expected U.S. inflation data for November. Crypto stocks bounced in line with U.S. stock futures. Bitcoin was hurtling toward $18,000 shortl...
Bitcoin flirts with $17,000 as Binance token price plunges with big week ahead for markets
Cryptocurrencies and crypto-related stocks had a mixed start to the week, while GBTC saw the discount on the fund’s net asset value approach 50%. Bitcoin whipsawed above and below $17,000 ...
Bitcoin trades above $17,000 as Coinbase leads sell-off in crypto stocks
Crypto prices were up on Friday, while most related equities sank. Block bucked the downward trend, adding 2.4%. Bitcoin was changing hands for $17,154 at noon EST on Friday, according to Tradin...
Litecoin, dogecoin lead declines in crypto prices, Silvergate plummets pre-market
Altcoins led the drop in crypto markets as bitcoin and ether also slid. Silvergate sank over 11% in pre-market trading despite the CEO’s efforts to reassure the market. Bitcoin slipped 1....
Cryptocurrencies rise as shares of Block and Silvergate decline with traditional markets
Crypto prices were in the green on Monday while stocks declined across the board. Grayscale’s ether trust hit a new low. Bitcoin has been trading above $17,000 since about noon EST on Sun...
Bitcoin clings to two-week high, crypto stocks continue to tick upward
Crypto prices are holding steady at their highest since the FTX fiasco in early November, in line with broader financial markets. Bitcoin rose 1.8% since yesterday, trading at $17,132 at 8:45 a....
Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens
Cryptocurrencies traded higher, while some crypto-related stocks dipped over contagion fears. Bitcoin rose 1.6% from yesterday, trading at $16,448 at 8:30 a.m. Eastern, according to CoinGecko. ...
Dogecoin and Binance’s BNB tack on double-digit gains
Bitcoin and ether moved sideways for the most part last week, as some altcoins moved higher. Bitcoin was changing hands at about $16,559 at 8:30 a.m. ET Sunday, representing a decline of about ...
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...
Bitcoin, ether, altcoins, crypto stocks are all buzzing pre-market ahead of Fed minutes
Altcoins led a rally across crypto asset prices, with some adding double-digit gains. Binance’s BNB rose 13%, and Litecoin’s LTC was up over 15%. Bitcoin rose 3.2% over the past 24...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Bitcoin Is In A Downtrend On All Time Frames: A Price Chart Analysis
A downward trend. getty When they say “the trend is your friend,” it’s not just because the words rhyme: it’s because it happens to be true. If investors are in an asset with the idea of showing a pro...
Solana price slumps amid FTX, Binance founder fallout
The price of Solana (SOL) fell 9% amid a spat between the founders of Binance and FTX crypto exchanges, Changpeng Zhao and Sam Bankman-Fried. SolUSD chart by TradingView. Aggregate o...
Analyzing the Bank Run on FTX
November 7, 2022, 11:13AM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Binance CEO says there’s pain and risk in the bear market, but also opportunity: Bloomberg
Binance could spend over $1 billion on investment deals by the end of the year. Despite the market downturn, the exchange could spend a significant amount of cash on investments in the next three mont...
The future of banks according to Binance’s CZ
At the close of the second day of Paris Blockchain Week organized by Binance in the French capital, an interesting Q&A was held with CEO CZ Zhao, who made himself available for about 30 minutes to...
Binance security team has identified two suspects in KyberSwap hack, CZ says
Binance’s CEO Changpeng Zhao (CZ) shared an update on the KyberSwap hack today, revealing that his firm’s security team had identified two suspects. “Binance security team has identi...
Binance CEO says firm never bought WazirX. Its founder disagrees.
Binance co-founder and CEO Changpeng Zhao said the company never completed an announced acquisition of WazirX, and that company’s founder hit back saying Binance does own WazirZ. Earlier today,...
Binance’s CZ hopes Terra can rise again
The Terra project is now clearly dead, but there is a revival plan in place and Binance CEO CZ hopes it will work. Binance CEO CZ hopes for a revival of the Terra ecosystem However, there are many who...
Binances’s JV With Billionaire Sarath Ratanavadi’s Gulf Energy To Seek Digital Exchange License In Thailand
A woman holds a smartphone with the Binance (BNB) logo displayed on the screen. Rafael Henrique/SOPA Images/LightRocket via Getty Images Binance, the world’s largest cryptocurrency exchange, has forme...
Bloomberg Estimates Binance’s CEO Is Worth Almost $100 Billion As The Bitcoin Price Plummets
The following is an excerpt from the daily CryptoCodex email newsletter. Sign up now for free here Firmer footing ? Cryptocurrency prices may not be climbing but at least they’re no longer in fr...