Binance, the world’s largest cryptocurrency exchange by trading volume, has lost considerable market share recently. CCData estimates that Binance’s trading volume in the $2 trillion digital asset market declined to 36.6% in September. This is the lowest the exchange has traded in the last four years, dropping from 42.7% at the beginning of 2023. The…
With the crypto market anxiously awaiting an update, Binance founder and former CEO Cahngpeng Zhao has officially broken his silence after his recent release from prison. Indeed, Zhao discussed what’s next after serving a four-month sentence for his role in anti-money laundering violations by the crypto exchange. The US Department of Justice fined the platform…
Former Binance CEO Changpeng Zhao (CZ) has shared a personal update, reflecting on his recent experiences and future aspirations. He emphasized his intention to focus on various projects related to education, blockchain, artificial intelligence (AI), and biotechnology. Zhao expressed confidence that future opportunities will exceed those of the past. CZ Shares Vision Following Prison Release…
Following his release from U.S. custody, Binance co-founder Changpeng Zhao (CZ) announced plans to continue investing in blockchain, AI, and biotech. Despite stepping down as Binance CEO, CZ remains committed to long-term ventures aimed at making a lasting impact. Changpeng Zhao, co-founder of Binance and one of the wealthiest crypto figures, has made his first…
Changpeng “CZ” Zhao, former CEO of Binance, took to social media to make his first statements after being released from a correctional facility where he was confined for compliance crimes. Thanking his supporters, Zhao explained that he would take some time to assess his next moves but highlighted that he would continue in the investment…
September 30, 2024 at 04:55 AM GST updated: September 30, 2024 at 03:06 AM 2 mins read News CZ shifts focus to Giggle Academy and tech innovations post-prison, aiming for long-term impact over profit. Despite DOJ restrictions, CZ retains significant influence at Binance with a 90% ownership stake. Former Binance CEO CZ nears completion of…
On September 29, Changpeng Zhao, widely known as CZ, made his first public statement after being released from federal custody. After months of silence, Zhao shared a reflective post on X, discussing his gratitude for the support he received during his time away, his ongoing projects, and plans for the future. He also gave updates…
Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju,…
Binance founder Changpeng Zhao, also known as “CZ,” has been released from U.S. federal custody two days earlier than expected. His release was originally slated for September 29, 2024. However, as per U.S. code, if a prisoner’s release falls on a weekend, it is to be preponed to the preceding weekday. He was, therefore, released on…
Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans…
After he pleaded guilty to anti-money laundering violations late last year, Binance founder Changpeng Zhao could get an early prison release. Indeed, a Federal Bureau of Prisons rule could have the cryptocurrency exchange’s former CEO could be eligible for release on Friday. That would be instead of his planned release on September 29th. Zhao, known…
Binance Founder and former CEO Changpeng Zhao (CZ) will be released early on Friday. The cryptocurrency community speculates a bullish price movement resulting from the founder’s release. Crypto traders worldwide welcomed an astonishing report that stated CZ’s early release from prison. This news comes amid a circumstance when the crypto market is witnessing increased volatility….
Binance and BNB Chain have teamed up for an exclusive promotional event called the “Gas-Free Carnival.” The carnival will run until October 19, 2024, at 23:59 UTC, and it promises to make transactions free and more affordable for users. According to Binance’s Blog post, the Gas-Free Carnival is all about the use of stablecoin on…
Binance has surpassed a major milestone, processing over $100 trillion in crypto trades since its 2017 launch. The achievement was shared by CEO Richard Teng in a post on the X platform on Sept. 24, saying: “Earlier this month, the all-time trade volume on Binance surpassed $100 trillion.” The figure is double the total market…
Changpeng Zhao, the founder of Binance, is expected to be released from a US prison on 29 September 2024. Zhao, also known as CZ, was convicted earlier this year for breaching the US anti-money laundering laws. Zhao’s arrest was following increased regulatory pressure towards Binance, one of the biggest global crypto exchanges. The authorities have…
With former Binance CEO Changpeng Zhao set to be released from jail soon, the BNB token could be set to benefit. Specifically, the asset could see a surge to $600 in the works. The impending release of the cryptocurrency exchange’s founder had the asset briefly surpass $520. His official release could arrive with a continued…
Binance, the world’s largest cryptocurrency exchange, has received consent to operate in Kazakhstan. According to the blog post on the website, Binance Kazakhstan is on its way to becoming the region’s first fully licensed crypto exchange. The Astana Financial Services Authority (AFSA) recently recognized the firm. Binance’s Kazakhstan Breakthrough Binance Kazakhstan passed through several external…
September 6, 2024 at 11:40 AM GST updated: September 6, 2024 at 01:50 PM 2 mins read News Binance founder Changpeng Zhao is permanently banned from managing the company but retains influence as the majority shareholder. Zhao holds 90% of Binance shares, granting him voting rights on key decisions despite being banned from day-to-day operations….
Richard Teng verified that Changpeng Zhao is banned from holding any leadership role at Binance. Binance, under new CEO Richard Teng, is focusing on regulatory compliance. Founder and former CEO of Binance, Changpeng Zhao is banned from Binance. The company has given him a lifetime suspension. Axiospro report states that he is forbidden to restrict…
U.S. prosecutors seek a 36-month prison term for Changpeng Zhao due to allegations of facilitating money laundering. Despite the ban, Changpeng Zhao retains shareholder power, allowing him to vote on board members and influence Binance’s management. Changpeng Zhao, Binance’s founder, has recently received more attention when US authorities barred him from holding any leadership positions…
Although it had not been clear in the original press release, Changpeng Zhao’s outing from Binance has now been clarified as a lifetime ban from the cryptocurrency exchange. Indeed, current CEO Richard Teng discussed the suspension in a recent interview with Axios. Zhao was the founder and CEO of the cryptocurrency exchange during its rise…