Changpeng Zhao

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Binance Transfers 127K Bitcoin To An Unknown Wallet As Part Of Proof-Of-Reserve Audit

After Binance moved 127K Bitcoin tokens to an unknown wallet, Changpeng Zhao claimed that the transaction was a part of the exchange's Proof-of-Reserve (PoR) audit.

Binance Commits $1B As Recovery Fund For Distressed Crypto Companies

Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.

Singapore Police Investigates Binance For Disobeying Local Payment Service Rules

Binance is on the radar of the Singapore police for a possible breach of local payment services rules. The exchange has been accused of actively soliciting its Singapore users, regardless of not being licensed in the country.

Binance To Launch Industry Recovery Fund To Support Troubled Crypto Ventures

Binance seeks to set up an Industry Recovery Fund to aid crypto projects that are under the threat of a liquidity crunch.

Binance Publicly Shares Major Asset Holdings To Improve Transparency

Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.

Binance Terminates FTX-Bailout Deal

Binance has pulled out of its agreement to purchase FTX after going through the latter's finances.

Crypto Exchanges Agree With Changpeng Zhao’s Proposal To Publish Proof-Of-Reserves

Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.

Binance Considers Pulling Out Of FTX-Takeover Deal

Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.

FTX Bank Run: An Unexpected Turn Of Events

This article covers what led to the downfall of FTX, the lessons, and the potential winners and losers of this event.

Binance’s Acquisition Of FTX Causes Crypto Prices To Plummet

The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.

BlockFi Says Products Are Fully Functional Amidst The Binance-FTX Deal

BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.

Binance Agrees To Purchase FTX By Signing Non-Binding Letter Of Intent

According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.

Japan To Ease Screening Process For Listing Virtual Tokens

Japanese regulators plan to ease regulations to allow registered crypto exchanges to list digital tokens without undergoing a long screening process.

Binance Halts BNB Smart Chain Following Over $100M Cross-Chain Bridge Exploit

Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.

Binance Officially Launches Ethereum Proof-of-Work Mining Pool

Binance has officially launched mining services for Ethereum PoW miners. It is running a one-month promotion in which miners can enjoy zero fees on all earnings. However, this does not guarantee the listing of ETHW.

Binance Seeks To Resume Operations In Japan

After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

CZ Binance Supports Biden’s Regulatory Policy

In light of the new crypto regulations by the US Presidency, CZ Binance has shown his support for the policy. Zhao stated the new policy's positive effects would help drastically eliminate illicit activities.

Binance US Launches High-Yield Ethereum Staking Ahead Of Ethereum Merge

With the anticipated happening of the Merge event, Binance US has launched a high-yield staking product for users. But there is a caveat stating that rewards may change depending on factors like transaction fees.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.