Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

CZ Notes Down the Current Price of Crypto, Says It’s Not the End

Cryptocurrency Nov 25, 2022 03:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. CZ Notes Down the Current Price of Crypto, Says It’s Not the End

  • Binance CEO Changpeng Zhao, aka CZ, says that it is not the end of crypto.
  • Zhao claims that this is the beginning of a new chapter.
  • He also took a screenshot of the current price for future reference.

Binance CEO Changpeng Zhao, aka CZ, mentioned in one of his recent tweets that it is not the end of crypto. Zhao also stated that it is the beginning of a new chapter. He also took a screenshot of the current cryptocurrency prices for future reference.

Zhao has also been a key player in the cryptocurrency space. Even though Binance was founded in 2017, it has grown to be one of the largest crypto behemoths. CZ has also been trying to provide complete transparency on the exchange’s operations which might have led to its exponential growth in such a short span of time.

Binance has come as an aid for several firms during these financially troubled times. After the fall of FTX, Zhao revealed on November 14 that he would come up with an industry recovery fund. The fund will likely aid strong firms that are troubled only during liquidity crises.

Zhao also suggested that all exchanges follow the Merkle-tree proof-of-reserve audit practice. The merkle-tree proof-of-reserve will aid in providing complete transparency on the exchange’s holdings of funds. CZ also believed that this was necessary to instill the trust that the users lost with the fall of FTX.

Following the announcement, Zhao also revealed the hot and cold wallet addresses of Binance, along with details of different asset holdings. In one of the recent announcements, Binance also disclosed the details of the industry recovery initiative.

As per the details, Binance has set aside $1 billion for the fund, with a goal of ramping it up to $2 billion. Apart from the funding, the projects will also receive additional assistance from Binance.

The post CZ Notes Down the Current Price of Crypto, Says It’s Not the End appeared first on Coin Edition.

See original on CoinEdition

CZ Notes Down the Current Price of Crypto, Says It’s Not the End
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email