Changpeng Zhao news-Page 18
Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input
Binance, the world’s largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX) earlier than planned, according to a press release shared with Cointelegraph on April 23. The move comes just a week after the exchange launched its native blockchain, Binance Chain, which will power the new decentralized platform. While Binance DEX trading is set to go live at an unspecified later date, users can as of today create wallets on the platform — either Binance’s official Trust Wallet or other third-party wallets. They can also access tools such as the Binance Chain Explorer, public data nodes …
Decentralization / April 23, 2019
Binance to Delist Bitcoin SV as It ‘No Longer Meets’ the Exchange’s Standards
Major cryptocurrency exchange Binance has officially announced that it will delist Bitcoin SV (BSV) starting next week. The news was revealed in an official announcement from the firm today, April 15. The exchange stated that as of April 22, it will delist and cease trading on all trading pairs for BSV — on the exchange under the ticker BCHSV. In the post, Binance explained that it regularly reviews assets listed on its platform “to ensure that it [an asset] continues to meet the high level of standard we expect.” The firm went on to explain that it only delists a …
Bitcoin / April 15, 2019
Binance CEO Changpeng Zhao Considers Delisting BSV Because of Founder’s Behavior
Founder and CEO of major cryptocurrency exchange Binace Changpeng Zhao warned that he will delist Bitcoin Satoshi Vision (BSV) if the creator of the altcoin Craig Wright does not change his behavior in a tweet published on April 11. The community reacted to Zhao’s warning by asking various exchanges to delist BSV and creating a #DelistBSV hashtag. The tweet is presumably a reaction to Wright’s recent action against Hodlnaut, the Twitter user behind the Lightning Torch initiative. As recently reported on crypto news outlet Coingeek, a $5,000 bounty in BSV has been set by Wright for information regarding the identity …
Bitcoin / April 12, 2019
Binance CEO CZ: Whether It’s an ICO or an IEO, Regulatory Compliance Is Still an Issue
Changpeng Zhao, the CEO and founder of top crypto exchange Binance, has underscored that exchange-hosted token offerings are no less subject to regulatory hurdles than their initial coin offering (ICO) predecessors. The CEO, better known in the industry as “CZ,” made his remarks in an interview with Bloomberg on April 10. As previously reported, so-called initial exchange offerings (IEOs) have latterly emerged as an alternative model of token offering wherein a centralized crypto exchange acts as a form of underwriter. The exchange generally operates sales and ostensibly vets both the projects themselves and prospective investors. In the interview, CZ emphasized …
Altcoin / April 12, 2019
Crypto Exchange Binance to Launch Singapore Branch in April, CZ Says
Changpeng Zhao (CZ), CEO of second-largest crypto exchange Binance, has announced that its branch in Singapore will open in April. A Cointelegraph correspondent reported on the development on April 4 from the Deconomy conference in Seoul. CZ took part in Deconomy, which is being held in South Korea from April 4-5, at the panel dubbed “Centralized vs Decentralized.” During the panel, he revealed that Binance’s fiat-to-crypto exchange service in Singapore will be opened later this month, but has not provided any other details regarding the launch. Another major announcement made at Deconomy is related to the launch of Binance DEX …
Bitcoin / April 4, 2019
CZ: Binance DEX Mainnet to Launch Later in April
Changpeng Zhao, CEO of the world’s second largest crypto exchange by adjusted volume Binance, has revealed that the company will launch its decentralized trading platform later this month. This development was reported by a Cointelegraph correspondent at the Deconomy conference in Seoul. Zhao, most known in the industry as CZ, is attending Deconomy — a crypto conference held in South Korea from April 4-5. Speaking briefly at the panel dubbed “Centralized vs Decentralized,” CZ has made two major announcements. According to CZ, Binance DEX — a decentralized crypto exchange powered by Binance’s blockchain — will become fully available in April. …
Bitcoin / April 4, 2019
New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious
Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18. Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist. The revelations came as a result of calculations of lesser-known exchanges versus well-known businesses such as Binance and Kraken. “In total we estimated that 87% of exchanges reported trading volume was potentially suspicious and that 75% of exchanges had some form of suspicious activity occurring on …
Cryptocurrency Exchange / March 19, 2019
Token Sale on Binance Launchpad Raises $6 Million Within ‘22 Seconds’
The Fetch.AI (FET) token sale on top crypto exchange Binance’s Launchpad platform closed yesterday, Feb. 25, reaching its hard cap of $6 million dollars with the sale of over 69 million tokens. In a tweet published the same day, Binance CEO Changpeng Zhao — known in the industry as CZ — reported the sale had been completed within a dizzying 22 seconds. Fetch.AI describes itself as a project that aims to create an “economic internet” by conjoining machine learning, artificial intelligence, multi-agent systems, intelligent smart contracts and distributed ledger technology. Yesterday’s token sale was set to close with either the …
Blockchain / Feb. 26, 2019
Binance Launches Decentralized Crypto Exchange Testnet
Major cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange, Binance DEX, according to a press release shared with Cointelegraph on Feb. 20. Per Binance, the exchange, powered by Binance Chain — a new blockchain and peer-to-peer (p2p) distributed system — is already available for customers. Users can create wallets and start exchanging tokens on the Binance DEX testnet. CEO of Binance Changpeng Zhao explained that the new exchange will help users regain control of their private keys: “Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys …
Bitcoin / Feb. 20, 2019
Binance CEO Reveals Testnet Release Date for Decentralized Exchange
Cryptocurrency exchange Binance will launch a testnet version of its new decentralized exchange Feb. 20, CEO Changpeng Zhao confirmed on Twitter Feb. 12. Binance DEX, plans for which first emerged last year, aims to provide a decentralized basis for cryptocurrency holders to trade tokens, removing liability and security hurdles associated with traditional, centralized platforms. The testnet release will be public, with Zhao requesting feedback from users in the same tweet today. The date follows previous announcements with more details about Binance DEX, which will include support for cryptocurrency hardware wallets. This feature, Zhao said earlier this month, will allow users …
Decentralization / Feb. 12, 2019
Binance CEO CZ: Crypto Growth Needs Entrepreneurs and Projects, Not ETFs
The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, said that he doesn’t think Exchange Traded Funds (ETFs) “are core to our industry's growth,” during a live stream via Periscope, Feb. 6. Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a Bitcoin (BTC) ETF, suggesting: “I think for our industry to grow we need more entrepreneurs to build real projects.” As Cointelegraph reported last week, the Chicago Board Options Exchange’s, along with investment firm VanEck and financial services company SolidX, has re-applied with the United …
Etf / Feb. 7, 2019
Amazon ‘Will Have to’ Create Its Own Crypto in Future, Binance CEO Says
One of the cryptocurrency industry’s best-known figures confirmed he still believes online retail giant Amazon cannot avoid issuing its own altcoin, in a tweet Feb. 2. Discussing the internet business sector more broadly, Changpeng Zhao — CEO of top crypto exchange Binance — said it was not so much a question of if, as of when Amazon will issue its own coin. The retail giant has made efforts to adopt forms of blockchain technology in the past, but its relationship with cryptocurrency remains tied to rumors. Such rumors periodically appear in the press, including those that Amazon could integrate Bitcoin …
Altcoin / Feb. 4, 2019