Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Ne...
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive stressed. “We need to work very closely with regulators all around the world to make this industry more robust.” Binance Establishing Crypto Industry Recovery Fund Following the collapse of cryptocurrency exchange FTX, Binance announced that it is forming a recovery fund for the crypto industry. CEO Changpeng Zhao (CZ) tweeted early....
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Binance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify. As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues. In a tweet, Binance CEO Changpeng Zhao said that the fund aims to reduce the cascading negative effects of the collapse of FTX by helping projects that the Binance CEO described as “strong, but in a liquidity crisis.” While Zhao did not provide all....
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think basically it sets us back a few years.” Binance’s CEO Discusses the Impact of FTX’s Collapse on the Crypto Industry The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), shared his thoughts on the potential impact that the collapse of FTX has on the crypto industry Friday at a conference in Indonesia. FTX filed for Chapter 11 bankruptcy Friday; Sam Bankman-Fried....
Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and “the whole blockchain industry.”
Binance Launches ‘the World’s Largest Crypto Accelerator’
Cryptocurrency exchange Binance announced Tuesday the launch of a $1 billion Binance Smart Chain (BSC) Fund. The announcement states:
Binance announces the biggest funding program of its kind....
Crypto exchange giant Binance has demonstrated once more why it’s amongst the giants of the industry, the company has announced the launch of a $1 billion “Growth Fund”. Targeted at their Binance Smart Chain (BSC), the fund will aid this ecosystem to “push the adoption” of the blockchain industry. Launch in 2020, Binance Smart Chain […]
PRESS RELEASE. Changpeng Zhao (CZ) sent shockwaves across the crypto industry in September by announcing a $100 million investment fund devoted to projects building on the Binance Smart Chain (BSC). Now, Jointer.io, the world’s first commercial real estate-backed DeFi auction, is matching CZ’s offer dollar-for-dollar in an effort to bring mass adoption to Binance Smart Chain. Beginning on Monday, Jointer.io will be offering a $100 million early adopter fund to encourage Ethereum users to try out the BEP20 standard on BSC. To participate in the fund, users must visit the....