Ex-Binance CEO CZ Criticizes FT Report On YZi Labs, Calls It A ‘Negative Narr...
Former Binance CEO Changpeng Zhao, commonly known as CZ, has found himself at the epicenter of a new controversy following a recent report by the Financial Times regarding his Web3 and artificial intelligence (AI) venture, YZi Labs. CZ Denies Financial Times Report The report suggested that Zhao was planning to open a substantial $10 billion portfolio to outside investors, a claim that has sparked a vigorous denial from the former executive of the world’s largest cryptocurrency exchange. Related Reading: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?....
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The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token, which could be an unregistered security. If the cryptocurrency is found to be a security, it could put Binance in a similar position to Ripple Labs which has been in an ongoing lawsuit with the SEC over the sale of the XRP token.
SEC Investigates Binance’s BNB Crypto
The U.S. SEC is investigating whether Binance Holdings Ltd. breached securities laws when it conducted an initial coin offering (ICO) of the BNB token five years ago, Bloomberg reported Monday, citing....
Binance, the largest cryptocurrency exchange in the world, has announced the launch of its own venture capital fund. Binance Labs, the cryptocurrency exchange’s venture capital arm, has raised $500 million to launch a fund that would invest in Web3 and blockchain startups. Binance Labs Raises $500 Million Binance Labs, the company’s venture arm, announced on […]
Binance Labs is a chain-agnostic investor and incubator focused on supporting the global blockchain ecosystem and decentralized web. Their portfolio includes 1inch, Audius, Axie Infinity, Chiliz, Elrond, Injective, Matic / Polygon, Sandbox and Terra. Ken Li is an Investment Director at Binance Labs, with a focus on equity & token investments in Web3 social, gaming & crypto adoption platforms. He recently joined the Bitcoin.com News Podcast to talk about the market: Ken also helps lead the Binance incubation program. Prior to Binance, Ken led blockchain investment & incubation strategy....
Per a press release shared with Bitcoinist, Binance will integrate a new compliance mechanism for its custody solution. Provided by TRM Labs, the integration will allow Binance Custody to access risk management, compliance, and “intelligence” technology to monitor funds and transactions from its customer. Related Reading: In Q3, The Bitcoin Mining Council Reports Mining Efficiency […]
Tesla and Spacex CEO Elon Musk has raised concerns with cryptocurrency exchange Binance about its dogecoin issue. Musk calls the situation “shady,” adding that “DOGE holders using Binance should be protected from errors that are not their fault.” Both Binance CEO Changpeng Zhao and the official Twitter account for the crypto exchange responded.
Elon Musk Raises Issue on Behalf of Other Dogecoin Holders
Tesla CEO Elon Musk has raised concerns on behalf of dogecoin holders regarding the recent DOGE problem at cryptocurrency exchange Binance. The issue....