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Search Results for: Changpeng Zhao

Justin Sun Breaks Silence on Arrest Rumours: “It’s Just FUD”

Recently, Justin Sun, the creator of Tron (TRX), spoke out to the public following a rumour circulating within the crypto market claiming he had been arrested. The speculation emerged after a tweet from the ex-diplomatic representative for Grenada to the World Trade Organization (WTO). That contained the number “4” –

April 12, 2023 2 mins read

CZ Clears Binance of Terraport Hack, Funds Traced to MEXC and KuCoin

Following a thorough review of the transactions related to the recent hack, it has been discovered that none of the stolen funds were deposited into Binance. However, CZ Changpeng Zhao said on Twitter that it had been found that a portion of the hacked funds was deposited into MEXC and

April 10, 2023 2 mins read

Binance Futures Issue Resolved, CZ Cites Server Issues As Reason

The largest cryptocurrency exchange in the world, Binance, reported that its “Futures users were experiencing some wide problems with the platform.” It stated that its team is attempting to find a solution and that users will receive updates as they become available. Changpeng Zhao (CZ), CEO of Binance, made the

April 10, 2023 1 min read

Binance U.S. Looking For a New Banking Partner

A recent tweet states that Binance’s U.S. division faces challenges finding a suitable new banking partner. The objective is to see a financial institution that can securely handle the cash deposits made by Binance users. Binance’s U.S. arm is actively searching for a new banking partner after the recent collapse

April 9, 2023 2 mins read

Justin Sun Denies Rumors of Huobi Global Acquisition by Binance

Tron founder Justin Sun has taken to Twitter to address recent rumors regarding a potential acquisition of Huobi Global by Binance. In a tweet, Sun clarified that he had not proposed any offer to Binance CEO Changpeng Zhao (CZ) regarding the purchase of Huobi Global, nor have they discussed Huobi

April 6, 2023 2 mins read

Dubai Regulatory Authority Demands Binance Disclose Additional Information

Dubai and the UAE have officially requested further information from Binance on the company’s auditing procedures and ownership structure. More crypto regulation has prompted the request, Bloomberg reports, from firms looking to get a crypto license. As per sources, the requests are due to the massive FTX collapse that occurred

April 5, 2023 2 mins read

Market Share of Binance Drops 16% Due to Recent Developments

Binance, a popular cryptocurrency exchange, has been the target of regulatory scrutiny and a lawsuit from the US Commodities and Futures Trading Commission (CFTC) in the last month on allegations that it violated the CFTC’s derivatives rules. As a result, Binance saw a significant reduction in its market share of

April 4, 2023 1 min read

Binance’s CEO Denies Rumours of Interpol Red Notice

The cryptocurrency market has been abuzz with a recent rumour from an anonymous source claiming that Changpeng Zhao (CZ), the CEO of the world’s top cryptocurrency, has allegedly received a Red Notice from Interpol. The rumour about the Interpol Red Notice issued for Changpeng Zhao (CZ), the CEO of Binance,

April 4, 2023 2 mins read

Binance, CEO CZ and Several Influencers Hit With $1B Lawsuit

Binance, a leading cryptocurrency exchange, and its CEO, Changpeng Zhao (CZ), have lately faced a number of difficulties. Only a few days after the Commodity Futures Trading Commission (CFTC) filed an action against Binance, the cryptocurrency exchange is embroiled in another high-profile legal dispute. On the evening of March 31st,

April 2, 2023 2 mins read

Bitcoin (BTC) Eyes $37K Level as Price Crosses Over $29K

Despite recent US governmental crackdowns on crypto businesses and accompanying uncertainties, Bitcoin’s price temporarily surpassed $29,000 on March 30. Bitcoin hit $29,159, the highest price since before the FTX cryptocurrency exchange went down in early November 2022, according to CMC. Despite a number of regulatory crackdowns in recent days. Including

March 30, 2023 1 min read