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
The question of who will serve on Twitter’s board of directors is still being debated. Zhao discussed the proposal at a technological conference in Portugal. The gigantic social media platform, Twitter, has seen rapid transformation since Elon Musk gained control. And there’s more to come as Binance CEO Changpeng Zhao
CZ pledged to support the offer when it was made public in April. Earlier this year, Musk discussed with other cryptocurrency billionaires how they may decentralize Twitter. Binance is most likely to honor its commitment to contribute $500 million to Elon Musk’s attempt to acquire Twitter for $54.20 a share.
The company has funded 67 projects to the tune of $325 million so far this year. The exchange plans to finance Elon Musk’s acquisition of Twitter with $500 million. CZ’s exchange has been one of the most resilient this year, despite the market downturn. The crypto bear market and the
SHAQ has previously turned down a million-dollar offer from a crypto firm. Last year, the NBA star announced the launch of his own collection of NFTs. Former NBA great Shaquille O’Neal recently met with Binance’s chief executive officer, Changpeng Zhao (CZ). Binance CEO CZ and the basketball legend met during
Due to an exploit, Binance has halted deposits and withdrawals. Cryptocurrency has been hacked numerous times, resulting in a $2 trillion loss in the value of digital assets. The BNB Chain has temporarily suspended deposits and withdrawals. As rumors spread that the BNB chain had been significantly exploited, the CEO
Binance adopted the Terra Classic burn mechanism on Trading Fees. LUNC increased by 161% from the previous month. Finally, the LUNC community’s most awaited response from Binance CEO Changpeng Zhao (CZ) on the proposal of burning trading fees has come true on Monday. Binance announced that the exchange would create
Former Obama campaign manager and senior advisor David Plouffe is now onboard. The board is chaired by the former senator and ambassador to China, Max Baucus. Binance, the largest cryptocurrency exchange in terms of trading volume, has formed a Global Advisory Board comprised of industry leaders who will provide counsel
As a means of decreasing supply, the LUNC plans to use the Tax Burn strategy. The approved plan will take effect at the block height of 9,475,200. Perhaps the worst cryptocurrency crash ever occurred in May 2022, when the Terra-collapse LUNC occurred. Along with LUNC, Terra’s another native token, USTC,
Binance to stop its support for USDC, USDP, and TUSD from the end of September. The existing funds of the coin will automatically convert these coins to BUSD. The largest cryptocurrency exchange, Binance recently revealed that the platform will discontinue its support for the stablecoins such as USD Coin (USDC),
