Changpeng Zhao
Binance Temporarily Pauses Spot Trading
Crypto exchange Binance suspended spot trading amid an issue on the world's most-used trading platform for cryptocurrencies. Binance CEO Changpeng Zhao said in a follow-up tweet that the issue is expected to be resolved in the coming hours and that the trading pause was a safety measure.
Binance to Convert $1B Worth of BUSD to Bitcoin, Ether, BNB and Other Tokens
Crypto exchange Binance said it would convert $1 billion worth of Binance USD (BUSD) to bitcoin (BTC), ether (ETH), BNB coin (BNB) and other tokens to support the market. "The Hash" panel discusses the transaction from Binance’s industry fund to BUSD, which Binance CEO Changpeng Zhao said on Twitter took 5 seconds and cost only $1.29.
CZ Responds to Forbes Report that Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year
Forbes reports that Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. In a tweet, Binance CEO Changpeng Zhao, also known as "CZ," responded to the article, stating in part "they referred to some old blockchain transactions that our clients have done." The co-author of the article and Forbes Director of Data and Analytics Javier Paz, responds to CZ's tweet on "First Mover."
WazirX's Proof-of-Reserves Report Shows 90% of User Assets Are in Binance Wallets
Indian crypto exchange WazirX released its proof of reserves report that disclosed 90% of its user assets are held in Binance wallets. "The Hash" panel discusses the Twitter drama between WazirX and Binance CEO Changpeng "CZ" Zhao.
Do Kwon Reportedly in Serbia; Future of FTX’s Political Donations
U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.
CZ Denies Report Binance Met With Middle East Investors for Crypto Recovery Fund
Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.
Crypto Exchange Binance Launching Recovery Fund to Help Rebuild Industry
Binance CEO Changpeng "CZ" Zhao says his exchange is setting up an industry recovery fund to help rebuild the industry, with support from Tron, Huobi Global and Poloniex. "The Hash" panel discusses Binance's latest initiative and what this could mean for the future of the crypto industry.
Blockchain Association's Kristin Smith on Binance's Proof-of-Reserves Pledge
Crypto exchange Binance founder Changpeng "CZ" Zhao urged industry players to provide "proof-of-reserves" on the heels of a proposal to acquire rival FTX. Kristin Smith of the Blockchain Association, a Washington, D.C.-based lobbying group, weighs in, saying it's "a good idea... but it's nothing that U.S. exchanges, at least the major ones, aren't already doing."
Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet
FTX CEO Sam Bankman-Fried is denying insolvency rumors plaguing the crypto exchange, tweeting in part "FTX has enough to cover all client holdings." This comes after CoinDesk revealed the balance sheet of FTX's sister company Alameda Research was loaded with FTX's native exchange token FTT. Binance CEO Changpeng "CZ" Zhao, a sizable owner of FTT, said his exchange would begin liquidating any remaining FTT it held on its books. CoinDesk Deputy Managing Editor Tracy Wang discusses the developments.
Binance Participating as Equity Investor in Musk’s Twitter Takeover, CEO Says
Binance CEO Changpeng Zhao told CoinDesk in an emailed statement, "We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology." The Hash" hosts discuss what this means for Twitter and the future of crypto.
