Storing Crypto on a Centralized Exchange Is Safer for Most, Says Binance CEO

cz

The seed phrase was created so that crypto holders can always recoup their holdings in case the wallet gets corrupted or if they lose their password. Binance CEO Changpeng Zhao says it’s better for most people to store coins on a centralized exchange.

Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

cz, binance

By CCN.com: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the … Read more

Coinbase Goes to Battle With Binance, Looks to Add 8 New Cryptocurrencies

Coinbase to review 8 new cryptocurrencies

While Coinbase is still the place many Americans go for their first cryptocurrency purchase, another crypto exchange has them backpedalling. As the Malta-based exchange Binance continues its rise to the top, Coinbase is making moves to ensure they don’t become “Yahoo!” to Binance’s “Google.” The San Francisco-based platform just announced that they’re looking to add … Read more

Binance, in One-Two Punch to Rival Exchanges, Readies Margin Trading

Binance

By CCN.com: Cryptocurrency exchange Binance has given followers a peek into its margin trading screen, and its native cryptocurrency BNB surged as much as 10% in response. Speculation about Binance’s expansion into margin trading has been swirling for a while. True to the company’s style, they took to Twitter to reveal a screenshot of the … Read more

Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

Binance, gavel

By CCN.com: Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, Zhao claims Sequoia Capital China prevented him from raising capital … Read more

Self-Proclaimed Clown John McAfee Offers Cybersecurity Expertise to CZ

John McAfee, cybersecurity

By CCN.com: Binance CEO Changpeng Zhao is receiving support from some of the most unlikely places. John McAfee has extended a helping hand to the beleaguered Binance chief. In a tweet, McAfee relied on a little bit of self-depreciation to charm Zhao, the latter of whom is learning quickly who his real friends are. McAfee, … Read more

Tron’s Justin Sun Offers to Deposit 7,000 BTC into Hacked Binance

Justin Sun, TRON

By CCN.com: It’s during the tough times that you find out who your real friends are. If there was any doubt the crypto ecosystem is filled with people who respect Binance CEO Changpeng Zhao, they were erased today. If you didn’t hear, Binance suffered a hack in which 7,000 BTC worth an eye-popping $40 million … Read more

Binance Hacked: Bitcoin Exchange Suffers $40 Million Security Breach

Binance

By CCN.com: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintenance” was unfolding. The Binance CEO tweeted that it “was not the best of days.” As it turns out, … Read more

CZ Slams ‘Bully’ Craig Wright, Donates $10,000 in BNB to Stop Him

CZ, Craig Wright

By CCN.com: Changpeng “CZ” Zhao wants Craig Steven Wright to pick on someone his own size. The binance CEO has announced a new Binance Charity Foundation program dedicated to the legal fees of people who can’t afford to fight sue-happy Wright alone. To kick things off, CZ is putting his money where his mouth is … Read more