Tag: Changpeng Zhao
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Panic on Binance
The delicate situation of Binance after the fall of FTX does not seem to be over. As pessimism abounds in the cryptocurrency market, things can quickly get worse.
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Changpeng Zhao (CZ) defends Binance!
Binance CEO Changpeng Zhao Asked On CNBC About The USDC Withdrawal Pause Here’s What CZ Thinks! The eyes of the entire industry are growing with Binance. The exchange’s CEO, Changpeng Zhao (CZ), was interviewed by CNBC reporters. Specifically on the setbacks with this week’s currency move and the company’s solvency. "The well run #crypto exchanges…
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The Justice Department intends to indict Binance for money laundering
In the midst of the crisis, the world’s largest stock exchange has managed to emerge unscathed from almost every bad market situation. Since 2018, however, the shadow of a legal investigation by the US Department of Justice has haunted Binance. Currently, the Justice Department is considering charging Binance with money laundering. The Justice Department is…
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Binance Crypto Market Tests After Temporarily Restricting USDC Withdrawals
Binance, the largest cryptocurrency exchange in the world, has seen the largest customer withdrawal in the past few hours. Some news reports and the temporary restriction on USDC withdrawals had worried users. The specter of FTX and many other centralized cryptocurrencies seemed to have hovered over Binance earlier this week. It is that between Monday…
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Binance hires Mazars to verify its cryptocurrency reserves
Mazars, a global audit, accounting and consulting group, was hired by Binance. We tell you why! Crypto exchange Binance has appointed accounting giant Mazars to verify its cryptocurrency reserves. Since the collapse of FTX caused a greater demand for transparency from exchanges. Either way, while the FTX crash forced exchanges to be more transparent to…