TagChangpeng Zhao

Binance Futures Platform Suffers 3% Flash Crash amid Market Maker's Error


Earlier today, Binance’s futures platform suffered a flash crash of nearly 3 percent in a matter of just seconds. Initially, Binance CEO Changpeng Zhou (CZ) took to Twitter to announce that the flash crash had comprised a deliberate attack executed by a market maker known to the exchange. A market maker from a smaller futures exchange tried to attack @binance futures platform. NO ONE was...

Binance & BitMEX Kiss and Make Up After Plagiarism Accusation

binance ceo changpeng zhao, bitmex ceo arthur hayes, crypto exchange

Binance and BitMEX shared a social media bro hug after the latter publicly accused its fellow cryptocurrency exchange of plagiarizing documentation featured in its recently-launched crypto derivatives testnet. On Wednesday, the BitMEX Twitter account ribbed Binance over its testnet launch, highlighting apparent plagiarism in the two platforms' documentation. Congrats on the Testnet Futures...

Binance CEO Gets Dragged by Bitcoin Fans for 'Dumbest Crypto Tweet'

cz, binance

By CCN Markets: 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 boy refused to discuss numbers in U.S. dollars...

Binance Coin (BNB) Surges 11% Despite 'FUD' Hack Rumors

Binance Coin

On a relatively muted Thursday for the cryptocurrency market, one coin is a clear outlier: binance coin (BNB). While bitcoin ekes out a small 2 percent rise, binance coin is up almost 11 percent in the last 24 hours. The move comes despite hackers claiming to have obtained personal data from the Binance exchange. Binance Coin up 11% BNB is the biggest mover on the cryptocurrency market today...

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 eight new coins to their...

Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?


Binance yesterday completed its eighth quarterly "burn" of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng "CZ" Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth of the ecosystem. He said: "Today, on...

Binance Launches Bitcoin Margin Trading on 2.0 Platform with 3x Leverage

Binance, bitcoin margin trading, margin trading, bitcoin trading

Binance, the world’s largest cryptocurrency exchange by trading volume, has officially launched a margin trading platform. After strong demand from traders, the Binance 2.0 platform will allow users to leverage their trades across six digital assets: Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). #Binance Launches Margin Trading service for Evolving...

Binance Breaks Ground to Announce 20x Leverage Bitcoin Futures Trading

Binance, Bitcoin, Bitcoin futures trading

Binance will add leveraged futures trading to its cryptocurrency exchange platform within weeks. That’s according to a keynote speech delivered by CEO Changpeng Zhao at the Asia Blockchain Summit on Tuesday. The new feature will allow users to open long and short positions on bitcoin’s price movements with up to 20x leverage. The market for bitcoin derivatives and leveraged trading is clearly...

Chinese Tech Moguls Cite Regulation as Chief Crypto Concern

china, bitcoin

By CCN Markets: The China Ledger quoted Pony Ma (Ma Huateng) as saying that blockchain technology is mature, but regulation needs to allow for it. Binance CEO Changepeng Zhao took the opportunity to expand on the idea including the government's role in crypto. — CZ Binance (@cz_binance) June 19, 2019 Tech Giants Should Be Encouraged to Build on Blockchain Zhao believes that governments...

Binance CEO Debunks Crypto Twitter Hysteria Over US Geoblock

changpeng zhao crypto exchange binance

By CCN: A rumor that crypto exchange giant Binance had barred users from the United States and 28 other countries from accessing its decentralized exchange (DEX) has had Crypto Twitter in a tizzy. As is often the case with rumors, the truth is a bit more complicated - and a lot less tantalizing. Speaking to CCN, Binance CEO Changpeng Zhao debunked the hysteria. He explained that the geoblock of...

Crypto Bulls Wrestle Back Control of BNB after Binance's $40 Million Hack

Binance Coin (BNB)

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless...

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


By CCN: 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 upcoming margin trading user interface, posing the question to...

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

Binance, gavel

By CCN: 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 between Dec. 27, 2017 and March 1, 2018 at the height of the bitcoin bull...

Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

binance, bitcoin, crypto exchange

By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it. Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended...

Binance Launchpad Coins Fetch Eye-Popping Returns of 620% and 787%


By CCN: Binance CEO Changpeng "CZ" Zhao in a tweet on Sunday congratulated Binance Launchpad projects for their spectacular returns. Projects that went through @binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ — CZ Binance (@cz_binance) May 19, 2019 Meanwhile, Binance Coin (BNB) has been climbing higher, rising approximately 40% since the hack in which 7,000 bitcoins were stolen from...

Billionaire Binance CEO Apologizes for Bitcoin Blockchain ‘Reorg’, a Dirty Word

binance cryptocurrency exchange Changpeng Zhao stablecoin

By CCN: Binance has posted an update about the security breach which cost the exchange around $40 million worth of bitcoins. Binance CEO Throws Dirty Words Like "Reorg" The message is a personal message from CEO Changpeng Zhao, who makes a few confessions during the post. For one thing, CZ is no coder. He’s an executive. He probably spends too much time on Twitter. He took responsibility for...

Self-Proclaimed Clown John McAfee Offers Cybersecurity Expertise to CZ

John McAfee, cybersecurity

By CCN: 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, who is often the brunt of jokes in the crypto industry for his bombastic...

Binance Graciously Decides Not to Nuke the Bitcoin Blockchain

launch nuclear strike at facebook for launching a cryptocurrency

By CCN: Binance CEO Changpeng Zhao discussed the idea of potentially reorganizing the Bitcoin blockchain. In this vision, the 7,000 BTC recently stolen from the cryptocurrency exchange would be redistributed to miners in the form of fees. A coordinated effort with miners, within a specific time frame, could theoretically make it possible to empty the balances of the Binance hackers. Binance CEO:...

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

Justin Sun, TRON

By CCN: 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 was stolen from the crypto exchange. In the wake of that security breach, not only did...

Binance Hacked: Bitcoin Exchange Suffers $40 Million Security Breach


By CCN: 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, it was much worse than imagined, with hackers making away...

WeChat Bans Bitcoin, Binance CEO Explains Why It's Bullish for Crypto


By CCN: Always the optimist, Binance CEO Changpeng "CZ" Zhao sees a silver lining in the wake of WeChat's recent ban on crypto trading activities. According to a tweet today by Dovey Wan, founding partner of Primitive Ventures, the Chinese social media company released an updated payment policy which states that it will terminate merchant accounts that participate in cryptocurrency transactions...

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

CZ, Craig Wright

By CCN: 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 and donating $10,000 in BNB to the fund. The BNB is earmarked for people who are being...

CoinMarketCap Looks to Repair Tainted Image with More Trustworthy Data


By CCN: Started as a side project in May 2013 by a lone developer in a Queens, New York apartment, CoinMarketCap celebrated its six-year anniversary last week. The website, which keeps track of the market capitalization of bitcoin and more than 2,100 altcoins, commemorated the milestone with a few announcements. The changes come on the heels of the crypto data market site coming under fire for...

Binance Stablecoin? CZ in Possible Tip of the Hand Is a Little Coy

Binance Coin, BNB

By CCN: Just when you thought the crypto market had no room for another stablecoin, the head of the largest crypto exchange hinted that he might be making room. Binance CEO Changpeng "CZ" Zhao didn't flat out promise a Binance stablecoin, but he was close. A follower on Twitter suggested that if Binance were to issue a stablecoin, it would bolster the use case for BNB, using other projects as a...

4 Billion Crypto Adopters Will Outnumber Internet Users Within Years, Predicts Binance CEO

Binance, crypto, Bitcoin, Changpeng Zhao

By CCN.com: Binance CEO Changpeng Zhao boldly claims that cryptocurrency will reach more users than the internet in a matter of years. His wildly bullish prediction suggests that over 4 billion people on the planet will use crypto in the near future. In a few years, there will be more users in #crypto than there are users for internet today. — CZ Binance (@cz_binance) April 30, 2019 Crypto:...

Bitcoin Price Could 'Absolutely' Crash Below $3,000: Crypto Pioneer

bitcoin price

Bitcoin's April rally has captured the attention of observers both inside and outside crypto--land, with the price perched above $5,200 once again. Blockchain pioneers are confronting the pop, even if they have different views on what it means. Vinny Lingham, who is at the helm of blockchain identity platform Civic, isn't convinced that crypto winter is over and wouldn't be surprised to watch the...

Binance CEO Zhao Morphs Into Bitcoin Grouch in Crypto Twitter Brawl

Changpeng Zhao, Binance, Bitcoin, Crypto

Bitcoin bull Changpeng Zhao, the CEO of Binance, has earned a reputation as an affable, laid-back guy enjoying the meteoric success of his popular cryptocurrency exchange. But is Zhao's nice-guy persona merely an act? It seems that way, based on a testy Twitter exchange Zhao (who goes by "CZ") had with several cryptocurrency reporters this weekend. Fake Bitcoin-Trading Volume Scandal Erupts The...

Binance CEO: 'We're Still at the Beginning of the Beginning' of Bitcoin Revolution

changpeng zhao binance bitcoin price

Bitcoin billionaire Changpeng Zhao has an encouraging message for crypto fans who fear they missed the boat on the cryptocurrency bandwagon: The bitcoin revolution is still "at the beginning of the beginning," so you haven't missed anything yet. Zhao ― the founder of cryptocurrency exchange Binance ― was responding to a Twitter user who says he wishes he had jumped on the bandwagon in 2013, when...

Binance Will Survive Any Bitcoin Bear Market: Crypto Billionaire Changpeng Zhao

binance changpeng zhao bitcoin Monero ZCash

Billionaire Changpeng Zhao says bitcoin is the future, and that his cryptocurrency exchange Binance can survive any bear market ― no matter how brutal. Zhao also says he "definitely" wants to partner with Ripple’s xRapid cross-border payment platform, but nothing has been decided. Zhao made the revelations during a wide-ranging Periscope Ask Me Anything session on February 7 (see below). 'We...

Binance CEO: Amazon Will Be Forced to Issue a [Crypto?] Currency Sooner or Later

changpeng zhao crypto exchange binance

"Amazon will have to issue a currency sooner or later," Changpeng Zhao, the CEO of crypto exchange giant Binance, tweeted Saturday to his more than 277,000  followers on Twitter. Binance CEO Makes Bold Claim about Amazon It started with the founder and CEO of Binance tweeting that he doesn't understand why any e-commerce business wouldn't accept crypto payments and listing some of the basic...

Binance Foils Cryptopia Hacker by Freezing Stolen Crypto

binance crypto exchange

Binance has frozen some of the funds that were stolen from crypto exchange Cryptopia during the high-profile hack that occurred earlier this week. Binance Puzzled Why Hackers Keep Sending Funds to its Exchange Binance CEO Changpeng Zhao announced the news in an early morning tweet on Wednesday. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep...

Binance CEO Criticized for Appearing to Advise Storing Crypto on Exchanges

Binance crypto exchange bitcoin

Binance CEO Chengpeng Zhao ("CZ") has come under attack after appearing to advise crypto holders to store their holdings on exchanges instead of on personal storage devices like USB drives or hardware wallets. In a tweet, Zhao appeared to infer that the risk of self-storage is significantly greater than the risk of storing cryptocurrency on "reputable" exchanges like Binance. Writing on January...

TRON Cryptocurrency's Development Team Grows From 2 to Over 40


The TRON Foundation and the TRON blockchain is going from strength to strength, after beginning this year’s march to success with a development team of just two engineers, TRON now has over 40. The growth of TRON’s core development team has allowed its blockchain engineers to specialize and has enabled them to stabilize the TRON blockchain. TRON’s Head of Protocol, Marcus Zhao, recently described...

Investor: Binance is Most Trusted Crypto Exchange Despite Light Regulation


Su Zhu, the CEO of FX hedge fund Three Arrows Capital, has said that Binance, the largest crypto exchange in the global market, is also the most trusted among investors within the digital asset community. Citing a poll ran by a small cryptocurrency exchange, Zhu said: Interesting that @binance, a lightly regulated exchange, has also become the most trusted crypto exchange among actual users. You...

Binance CEO 'Very Confident' in Cryptocurrency Industry's Future

cryptocurrency bitcoin future bright

Binance CEO Changpeng Zhao (CZ) has expressed deep confidence in the prospects of cryptocurrency despite the challenging industry conditions that have defined most of 2018. Speaking during a conversation with “Bloomberg Daybreak: Middle East” hostsTracy Alloway and Yousef Gamal El-Din, he also stated that Binance intends to start off the new year "with a bang" in line with the company's bullish...

Binance CEO: Market Still in Good Position -- Real Crypto Volume 2x Larger Than Reported Stats

binance cryptocurrency exchange

In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement. Binance Maintaining Healthy Business Over the past 11 months, the cryptocurrency market has lost more than 70 percent of its valuation amidst the fourth biggest correction in its 10...

Paxos Standard Emerges as Early Leader in Stablecoin Sprint


Tether is experiencing an unprecedented challenge to its status as undisputed stablecoin market lodestar. With over 50 active stablecoin projects emerging around the world and even more set to debut in the weeks and months to come, these are fraught times for the stablecoin founded in 2014, as the market explores alternatives to USDT amid suspicions of overstated US Dollar reserves and lack of...

Binance Donating Crypto Listing Fees to Charity Should be Praised, Not Criticized

binance charity cryptocurrency bitcoin

On Oct. 8, CCN reported that Binance, the world’s largest cryptocurrency exchange, will donate all crypto listing fees to charity. The majority of investors and traders in the cryptocurrency industry reacted positively to the praiseworthy decision of the exchange. But some criticized Binance, falsely claiming that the exchange received large listing fees in the past. Binance Listing Fee...

Crypto Giant Binance Will Donate All Coin Listing Fees to Charity

binance cryptocurrency exchange

Binance announced that as of today the company will make all listing fees transparent. In addition, 100% of fees will be donated to charity. The move is likely to generate a fair amount of attention for the world's largest cryptocurrency exchange by trading volume. Previously, listing fees on Binance - the cost of listing a cryptocurrency in their exchange - have varied based on a number of...

How Binance Decentralized Crypto Exchange Beta Launch in 2019 Will Impact the Market

binance cryptocurrency exchange dex

Binance, the world’s largest crypto exchange by daily trading volume, is set to launch a beta version of its decentralized exchange (DEX) by early 2019. Changpeng Zhao, the CEO of Binance better known to the community as CZ, said on Saturday: “Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be native gas, and the exchange don't control user funds. Aiming for...

Binance CEO Zhao: Crypto Market Will 'Absolutely' Grow 1000x and More

Binance Zhao Changpeng Sequoia

Changpeng Zhao, the CEO of Binance better recognized as CZ, has said that crypto still has room to grow by more than a thousand times in the years to come. Earlier this week, as CCN reported, Ethereum co-creator Vitalik Buterin stated that while the cryptocurrency sector as an industry can grow by a thousand-fold, it is unrealistic to expect the price of cryptocurrencies to see 1,000-fold gains...

Binance Argues it Does Not Charge 400 Bitcoin For Listing, CEO Clarifies

Binance Zhao Changpeng Sequoia

Changpeng Zhao, the CEO of Binance, has officially stated that the company does not charge 400 bitcoin ($2.5 million) to list cryptocurrencies on its platform. Legitimacy of the Claim Last week, cryptocurrency researcher Christopher Franko claimed that Binance, the world’s largest digital asset exchange, has been charging cryptocurrencies a listing fee of 400 BTC to integrate them on its exchange...

Binance Unveils Demo of New Decentralized Cryptocurrency Exchange

binance dex

Binance, the world’s largest cryptocurrency exchange, has unveiled the first demo of its much-anticipated decentralized trading platform, which will serve as a core component of the firm’s future public blockchain. During the brief demo, a Binance engineer demonstrated how to use the platform to issue a new cryptocurrency token and then list it on the decentralized exchange (DEX). The engineer...

Bitcoin Still in a Good Position After 70% Fall: Binance CEO Changpeng Zhao

Binance Zhao Changpeng Sequoia

Changpeng Zhao (CZ), the founder and CEO at the world's biggest crypto exchange Binance, has said that bitcoin is still in a positive position after its 70 percent fall since early 2018, especially considering its strong rally throughout 2017. Crypto Market is Better in Every Way From January to December of 2017, the price of bitcoin increased from $890 to $20,000, by more than 2150 percent. In...

Crypto Exchange Binance Launching $1 Billion Venture Capital Fund: Local Reports


Binance, one of the world’s largest cryptocurrency exchanges, will launch a $1 billion venture capital fund designed to incubate blockchain projects, local media outlets have reported. According to Hong Kong-based news outlet China Money Network, Ella Zhang -- head of Binance Labs -- announced the fund this week at an online meetup, explaining that it will both make direct investments in startups...

Binance CEO Zhao “Denies All” Sequoia Allegations in Hong Kong Lawsuit

Binance Zhao Changpeng Sequoia

Binance chief Zhao Changpeng, founder of the world’s largest cryptocurrency exchange, has formally denied allegations made by venture capital firm Sequoia Capital about a failed funding deal. As reported yesterday, a subsidiary of Sequoia Capital China sued Zhao in a Hong Kong lawsuit claiming the crypto exchange founder had violated terms of an exclusivity agreement by holding fundraising talks...

Binance Coin Jumps 25% On News Of Its Own Blockchain

Bitcoin price

Binance Coin was up more than 25% in the last 24 hours, hitting a high of $11.00, driven on news that it will launch its own “tailored blockchain” in an apparent first step toward building a decentralized exchange (DEX). The market cap was just shy of $1 billion. Close to $200 million had traded in the last 24 hours. The currency has a total supply of almost 200 million coins. Binance Coin ranked...