Tag: CEO

Binance CEO Accuses Binance Nigeria Limited of Operating as Scam

The only recognized Binance arm on the African continent is Binance Africa. Binance CEO Changpeng ‘CZ‘ Zhao recently took to Twitter to express his dissatisfaction with Binance Nigeria Limited, claiming that the company is a scam. CZ added that Binance has, therefore, issued a cease and desist notice to the alleged scammer entity. The notice serves as a legal warning, demanding that Binance Nigeria Limited immediately halt any activities falsely claiming association with the Binance brand. By taking this step, Binance aims to protect its reputation and dissociate itself from…

Binance CEO responds to resolution of SEC’s request for emergency relief

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance CEO Changpeng “CZ” Zhao expressed pleasure at the amicable resolution of a recent emergency relief request from the U.S. Securities and Exchange Commission (SEC) that would have resulted in the freezing of client funds. Binance.US and SEC agree on consent order CZ highlighted the company’s commitment to ongoing operations despite the difficulties and regulatory barriers faced by Binance recently. He emphasized that user funds are safe and secure across all Binance-related services and will remain…

Binance CEO CZ deems SEC’s request for emergency relief unwarranted

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Changpeng ‘CZ’ Zhao, the CEO of Binance, expressed his happiness and sense of relief as the prolonged dispute with the United States Securities and Exchange Commission (SEC) has been successfully resolved. The SEC’s ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a significant milestone. Nonetheless, as the regulatory uncertainty begins to fade, CZ can now find solace and concentrate on Binance’s future. In a tweet, the veteran crypto entrepreneur emphasized that the SEC’s emergency relief request was unnecessary, affirming that the mutually agreed-upon…

Trezor CEO cites usability as top factor for the hardware wallet: BTC Prague

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Amid the expanding trend toward self-custody, hardware wallet Trezor’s CEO Matej Zak has highlighted the most relevant development vector for the company so far – enhancing usability to significantly increase the number of users over the next few years. Speaking to Cointelegraph at the BTC Prague 2023 conference on June 9, Zak said: “Educate hard and build simply” is currently Trezor’s most relevant strategy in developing its hardware wallets amid the growing demand for self-custody.” “You need to explain what self-custody is because it’s still a different concept. It’s nothing that…

Coinbase CEO Brian Armstrong’s ResearchHub Completes $5M Series A Funding Round

The startup is setting up a platform that will reward (in crypto) anyone who contributes new knowledge to the global science community ResearchHub, a crypto-based startup focused on advancing scientific research, may have just concluded a $5 million funding round. According to an official announcement, the round was led by Open Source Software Capital. Participation in the funding also came from Guillermo Rauch, Replit’s Amjad Masad, and RedHat’s Bob Young among others. ResearchHub to Deploy New Model of Funding According to ResearchHub co-founders Coinbase CEO Brian Armstrong and Patrick Joyce,…

Bitcoin ‘far larger’ than Binance or Coinbase, says Jan3 CEO: BTC Prague 2023

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Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges. The total Bitcoin market is not limited to Binance, Coinbase or any other crypto exchange, Jan3 CEO Samson Mow told Cointelegraph at the BTC Prague 2023 conference on June 9. “Whereas I think for Bitcoin, it’s much harder to quantify how much of the market it is. It’s because a lot of Bitcoin trades are block trades,” Mow said. In mentioning Bitcoin block…

Binance CEO Refutes Claims of Exchange Selling Bitcoin to Stabilize BNB Price

Several market analysts, including Dylan LeClair and Cory Klippsten, CEO of Swan Bitcoin, have voiced concerns about Binance’s alleged activities in manipulating the market. Following the recent United States Securities and Exchange Commission (SEC) lawsuit against Binance Holdings Limited and Binance.US, the American arm of the largest global crypto exchange, on June 5, the company’s US market share has dwindled significantly to around 78% as market makers and traders flew the exchange due to the regulatory pressure in the country. Amid these challenges, Binance CEO Changpeng Zhao (CZ) has refuted…

Ripple’s CEO sees release of Hinman documents as positive

Brad Garlinghouse, the CEO of Ripple, has expressed his anticipation for the upcoming release of the Hinman documents, hinting at potential positive implications for the legal status of XRP. The documents are scheduled to be unsealed on June 13, and according to Garlinghouse, they have been “well worth the wait.” The Hinman documents refer to a deposition of William Hinman, the former director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC). The deposition is part of the ongoing legal battle between Ripple and the…

Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

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Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its native token Binance Coin (BNB). The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially inflate the value of BNB. In a June 13 tweet, CZ said that Binance had not sold any of their BTC or BNB, adding that the crypto exchange still held “a bag” of FTX Token…