Binance founder Changpeng Zhao has denied that the exchange owns any equity in Zanmai Labs, the company behind the Indian crypto exchange WazirX. Quick thread on Binance and WazirX, and some incorrect reporting. Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders. 1/4 — CZ…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Binance CEO Changpeng ‘CZ’ Zhao said bad projects should be allowed to fail and Binance has no intention of offering “bailouts” to such projects. In the blog post titled “A Note on Bailouts and Crypto Leverage,” CZ said that Binance has…
With a market cap of over $2 trillion, crypto has given birth to several billionaires since the first Bitcoin was mined. Although anonymity makes it difficult to determine who has what, a new report from Forbes has revealed some of the richest people in crypto and what they are worth. Topping the list is Binance…
Binance battles with financial regulators around the world have been well documented with the crypto exchange forced to embrace a more friendly approach towards the demands of these regulators. Changpeng Zhao, the CEO of the company, in a recent interview with Bloomberg, revealed that this change of approach has aided the crypto company in retaining…