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Search Results for: Changpeng Zhao

Binance Helps Narrow Down Two Suspects of Kyberswap Exploit

The Intel had been sent to the Kyber team as confirmed by CZ. Kyberswap announced a bounty of 10% to the hacker. Crypto exchange Binance has helped investigate a $265,000 breach on decentralized cryptocurrency exchange KyberSwap by narrowing down two suspects. On September 1st, an attacker used a front-end flaw

September 3, 2022 2 mins read

Binance CEO Refutes Claims of Exchange’s Illicit Link to China

CZ explains that Chen is actually a coworker he met through a mutual friend. CZ responded to criticism in a blog post published by Binance on Thursday. Changpeng Zhao (CZ), CEO of Binance, responded to allegations that the company is a “criminal entity” and “secretly [belongs] in the pocket of

September 2, 2022 2 mins read

Binance CEO Optimistic of Bitcoin Prices Despite Recent Fumble

After starting the month at $24,000, the Bitcoin/US Dollar pair has lost 14% this month. CZ mentioned that it’s been five years since bitcoin hit $20k for the first time. If current trends continue, Bitcoin (BTC) might have its worst August performance since the 2015 bear market next month. According

August 28, 2022 2 mins read

Binance CEO CZ Speaks About Trading Jitters on Exchanges

The crypto community on Twitter concluded that CZ was making a jab at FTX. SBF said he would be willing to collaborate with the FDIC in the future. When Binance’s CEO, Changpeng “CZ,” Zhao, heard about the widely publicized problem of trading jitters on other cryptocurrency exchanges, he expressed worry

August 22, 2022 2 mins read

DeFi Protocol Acala Network Hacked of 1.2B AUSD Stablecoin

The Polkadot parachain Acala implements the Horizon cross-chain stablecoin protocol. The attackers’ excessive minting of aUSD stablecoin caused its value to plummet. Many people see Polkadot as the next logical step for Ethereum’s ecosystem. While it has shown promise in certain respects, a major attack was discovered today using one

August 14, 2022 2 mins read

Binance CEO Shares IMF Study on Crypto Energy Consumption

DLT networks may have a significant impact on the amount of energy used by assets. Energy-efficient contactless payments might be implemented for CBDCs. An IMF research report on how DLT-based payment systems might have a lower energy and environmental impact than current methods was tweeted by Binance CEO Changpeng Zhao

August 9, 2022 2 mins read

Verbal Scuffle Between Binance CEO and WazirX CEO Continues

Nischal Shetty asked in his tweets to reveal Binance’s parent company. According to Binance’s CEO, WazirX did not cooperate with them. On Saturday, the verbal scuffle between Binance CEO Changpeng Zhao and WazirX CEO Nischal Shetty reached a different level. The CEOs of both crypto exchanges are criticizing each other

August 7, 2022 2 mins read

Exchanges Recommend Solana Investors to Move Their Holdings 

CEO of major crypto exchanges advised SOL investors to move their assets to their exchanges. CZ tweeted that there is an active security incident on Solana. The CEOs of prominent crypto exchanges have a recent update regarding the ongoing issues about Solana. According to the reports, Binance‘s CEO, Changpeng Zhao,

August 6, 2022 2 mins read

Binance CEO Refutes Claim of KYC Costing 90% of Users

Gambaryan pointed out that Binance isn’t always a haven for illegal behavior.  Binance reduced the daily Bitcoin withdrawal limit from 2 BTC to 0.06 BTC last year. Over the last several months, Binance has had a lot of ups and downs. Foreseeing growth as a goal, the biggest cryptocurrency trading

August 1, 2022 2 mins read

 Binance CEO CZ Concerned Over New Protection Policy

The value of top cryptocurrencies gained despite U.S. Federal Reserve’s announcement. Turkey’s central bank forbade cryptocurrency payments in April 2021. Despite the U.S. Federal Reserve’s decision on Wednesday that interest rates would be increased by an additional 75 basis points to fight inflation, the value of the top cryptocurrencies increased

August 1, 2022 1 min read