In a recent interview on the Bankless podcast, Changpeng Zhao, the CEO of Binance, shared his perspective on the crypto industry and the current market. During the conversation, he addressed the persistent rumors (FUD) surrounding his company. Additionally, Zhao provided insight into the next major trend in the crypto space. Let's delve into the details of this interview.
Crypto company Binance seems to be constantly involved in controversies. If it's not regulators suspecting it of fraud, it's the press accusing it of misusing user funds.
Many believed Elon Musk was a big fan of cryptocurrency and the famous memecoin Dogecoin (DOGE). However, the Tesla CEO challenged this belief at a recent summit. The event in question was the Wall Street Journal's CEO Council Summit held in London. During his address, Elon Musk, who wields significant influence over the market, issued a warning to crypto investors. Here's what happened.
In 2017, an offshore exchange burst onto the crypto scene. Quickly rising to become a major player within the crypto industry, Binance is now showing signs of weaknesses though. Some dubious elements related to the centralization of BNB and the recent legal actions brought by the CFTC could well lead to the collapse of the colossus with feet of clay. So should we take the plunge to avoid a FTX-like scenario?
Following Forbes and Reuters, The Wall Street Journal has drawn a parallel between FTX and Binance. The spectre of SBF remains strong…
This end of year is undoubtedly one of the most rocky periods for Binance. After the scandal involving its Proof of Reserves, another issue has plunged the crypto platform into an unprecedented crisis. Indeed, 15 French investors have decided to sue Binance France and its parent company Binance Holdings Limited. The exchange is accused of using deceptive practices and fraudulent concealment.