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Changpeng Zhao, CEO of Binance, reported that as of this morning’s early hours, the BNB platform had ETH worth about $8 billion stored in its cold wallet. He added that they are serving as custodians for the user funds and further clarified that these funds are unrelated to the platform.
As the digital asset market continues to grapple with the scandal surrounding trading firm Alameda Research’s balance sheet, traders in Asia rose to a market that was partially in the red. As a result of a public dispute between Binance CEO Changpeng CZ Zhao and Alameda CEO Caroline Ellison over
Meta Platforms, Inc. (META), the parent company of Facebook, is planning for “massive layoffs”. According to a recent report from The Wall Street Journal, Meta is expected to begin large-scale layoffs this week due to increased costs and a recent decline in its stock price. The action from the platform
Binance CEO Changpeng Zhao also known as CZ announced his decision to sell all FTT tokens. FTT is a native currency of the most prominent crypto exchange FTX. Binance is world’s largest cryptocurrency exchange by daily trading volume and it holds around 23 million FTX tokens, valued at about $517
A newer version of Twitter Blue checkmark, its premium service, seems to have begun rolling out just a few days after Elon Musk, the recently appointed CEO of Twitter, proposed changes to the way the social media network validates user accounts, including charging $8 per month for the privilege. The
MultiversX claims it will expand upon the Elrond Network’s established ecosystem. Companies keep investing in metaverse despite claims of low user numbers. Elrond, a company that specializes in blockchain technology, recently made the announcement that it will rebrand itself with an emphasis on the metaverse. The firm has rebranded as
Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, the stablecoin USDC’s issuer, recently made a public announcement that it will put a part of the USDC reserves into the Circle Reserve Fund. BlackRock
Igbara informed his followers that he planned to purchase a substantial quantity of bitcoin. He made off with major cryptocurrencies to the tune of $2.5 million from the duped victims. After being charged with money laundering, wire fraud, and wire fraud conspiracy, Instagram star Jebara Igbara, aka “Jay Manzini,” entered
The US President says that Musk has purchased a platform that spreads misinformation everywhere. Elon Musk recently claims that Twitter’s staff reduction is unavoidable. Joe Biden, the US President has recently slammed Elon Musk for purchasing Twitter Inc. On Friday, Biden said that Musk has purchased a social media platform
An Ad pause was verified by Audi and Cheerios manufacturer General Mills on Thursday. The makers of Oreos and Pfizer apparently stopped spending money on Twitter. Following Elon Musk‘s takeover, an increasing number of companies have stopped spending money on Twitter advertisements, including the carmaker Audi and General Mills, the
