Binance’s CZ says users share blame for placing trust in FTX, should take res...
The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered. During an ask-me-anything (AMA) session on Twitter Spaces on Nov. 14, Binance CEO Changpeng Zhao, also known as CZ, urged crypto users to take responsibility for their investment decisions and not put all of the blame on others when things go south.“As a user, you also have responsibility — you can’t just blame all of the responsibility to other people. When bad things happen, if you blame all of the responsibility, if it’s always to other people, you will....
Related News
Binance's self-custodial crypto wallet Trust Wallet aims to enable the purchase of more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity. Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases.The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect with a plan to gradually enable users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to....
Launching in June, Binance’s new NFT platform and marketplace will share the same account system as Binance.com. Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace.The company announced Monday the upcoming launch of Binance NFT, a new NFT platform that is expected to start operating in June. Based on Binance’s blockchain infrastructure, Binance NFT aims to provide minimum NFT transaction costs, Binance NFT head Helen Hai said.The new NFT marketplace and offerings will be available to all....
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance's CEO said. Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange's commitment to cooperating with regulators.In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four years since Binance’s launch, while there is still a lot of regulatory uncertainty around crypto.In response to the growing regulatory....
Leading blockchain firm Digital Currency Group's trusted investment authority Grayscale launched the highly-anticipated Bitcoin Investment Trust (GBTC) in March, allowing investors in the public markets to trade bitcoins publicly. Operating under the ticker GBTC, each share of Bitcoin Investment Trust represents one tenth of a bitcoin, guaranteeing a certain amount of bitcoins per share owned by an investor. Upon its launch, the shares of GBTC surged to US$32 per share, marking a 10.92% increase in just a few days as the daily volume increased by 10 times. Due to an increasing number of....
The surge in the share price of Barry Silbert-led Grayscale Bitcoin Investment Trust (GBTC) is presumed to be one of the leading factors of the recent spike of bitcoin price. BIT-the publicly-tradable shares of bitcoins operating under the ticker GBTC-was launched back in March, and represents approximately one tenth of a bitcoin. Over the past 5 days, the shares of GBTC have increased from $45 to $55.3 per share, which means that institutional and qualified brokers have been trading the digital currency at an average price of US $553 per Bitcoin. The correlation between the unexpected....