Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential ...
Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during his interview that the firm was looking for a new chief executive officer with a “very strong regulatory background.” Binance Cheif Executive Says Company Is Looking for a New CEO At the blockchain virtual summit Redefine 2021, Binance CEO Changpeng....
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Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency Exchange in Indonesia Blockchain and cryptocurrency infrastructure provider Binance announced Wednesday that it has established a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm, MDI Ventures (MDI). Telkom Indonesia is the country’s....
The Bangkok-based holding company has identified digital infrastructure and “digital-asset related initiatives” as priority areas. Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market. Gulf Energy disclosed in a regulatory filing on April 18 that it invested in “Series Seed Preferred Stock issued by BAM Trading Services Inc.,” which is the operator of Binance US. The investment in Binance US gives....
Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit. Binance Coin (BNB) saw its 15th burn to date on Friday. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain.Imagine burning half a billion dollars, wait, don’t imagine. It’s real. #BNB https://t.co/rMFbiufFSG— CZ Binance (@cz_binance) April 16, 2021 BNB....
Japan-based bitcoin exchange bitFlyer has raised ¥3bn, or just shy of $27m, in a Series C funding round led by Venture Labo Investment and SBI Investment, the venture capital division of financial services conglomerate SBI Group. The announcement is the latest for bitFlyer, which raised ¥510m ($4m) as part of a funding round last August that included Dentsu Digital Holdings, Mitsubishi UFJ Capital Co, Mitsui Sumitomo Insurance Venture Capital Co and Venture Labo. In interview, bitFlyer CEO Yuzo Kano indicated that the funding could be used to double the size of the exchange’s 23-person....
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 […]