Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange in volume traded, has revealed his secret for building a comprehensive team of employees for any startup. According to Zhao, external pressure has contributed to the unity of the team behind the exchange, and it also makes the Binance team more driven to its objective of…
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Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading platform that has affected its market share. CZ Comments…
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Users of the cross-chain protocol Multichain were on July 6 informed of an abnormal transfer of lockup assets on the Multichain MPC address to an unknown address. While the Multichain team has urged users to stop using the cross-chain protocol, Binance CEO Changpeng Zhao (CZ) told his followers that the incident does not affect Binance…
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Binance’s handling of the recent regulatory troubles has led to the departure of some top executives. Several top Binance executives have resigned this week in response to CEO Changpeng Zhao’s handling of the investigation by the US Department of Justice, Fortune reported on Thursday, citing a source familiar with the situation…. Read More: Top Binance Executives Exit Over CEO’s…
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A reported “hundreds of thousands” of Binance users based in the Netherlands will have the opportunity to move their assets to Coinmerce for free as the exchange winds down. Global cryptocurrency exchange Binance has reached an agreement with Coinmerce to refer its users as the firm winds down operations in the Netherlands. In a July…
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Australia’s financial regulator has visited Binance offices as part of an ongoing probe into the company’s defunct local derivatives business. On Tuesday, officials from the Australian Securities and Investments Commission (ASIC) conducted searches at Binance Australia’s offices, Bloomberg reported, citing people familiar with the matter. The investigation revolves around Binance Australia’s classification of clients as retail or wholesale investors. … Read More:…
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The first increase in trading volume in months was driven by market volatility following the SEC’s lawsuits against Binance and Coinbase, as well as improving sentiment via BlackRock’s ETF filing. The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData’s monthly exchange report. Binance,…
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Binance said it is cooperating with Australian regulators to meet local regulatory requirements amid reports of office searches. Binance Australia is working with local authorities on meeting compliance requirements amid reports alleging the company’s offices were searched on July 4. “We are cooperating with local authorities, and Binance is focused on meeting local regulatory standards…
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Crypto hackers have turned their attention toward the crypto user, and “security hygiene” is more important than ever, according to Binance’s Jimmy Su. Lurking in the shadiest corners of the dark web is a “well-established” ecosystem of hackers that target cryptocurrency users with poor “security hygiene,” according to Binance’s chief security officer, Jimmy Su. Speaking…
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