Blur Token Whales Split After Binance Announces Perpetual Contracts
Binance, the largest crypto exchange by volume, announced the launch of a perpetual futures contract for NFT marketplace Blur's governance token with up to 20x leverage. However, the response from large token holders, or whales, has been mixed. One whale purchased 1.39 million Blur governance tokens for $1 million, while another sold 1.77 million tokens for $1.2 million, incurring a loss of approximately $295,000. Blur has seen declining volumes in recent weeks, with some claiming that the NFT marketplace marketed for professional traders is not particularly friendly for mainstream NFT traders. Rival NFT aggregator OpenSea Pro has seen significant increases in active addresses and transaction volumes, comprising 70% of the market in terms of daily active users. However, Blur has a slight lead in daily volume share among NFT aggregators at 51% to OpenSea Pro's 46%.
Significant BLUR Whale Addresses Identified Ahead of Binance Listing: BitcoinEmber
April 28 (Cointime) - Twitter user @BitcoinEmber advised BLUR holders to keep an eye on these whale addresses after the cryptocurrency is listed on Binance. The whale addresses include airdrop studios, institutions, and on-chain smart money whales, which collectively hold 9% of the current circulating supply of $BLUR.
“I Don't Have Anywhere Near As Much” — CZ Denies Having Enormous $28.2 Billion Net Worth
Binance’s CEO claims to be worth way less than what Bloomberg estimated. CZ pointed out that Bloomberg’s latest finance-rich list had inaccurate data about his crypto fortune. Per the publication’s list, the Binance boss’s net worth stands at a whopping $28.2 billion, ranking him the third richest finance billionaire in the world. Bloomberg also estimated Binance’s annual revenue at around $12 billion.
Binance CEO CZ Denies Bloomberg’s Reported Net Worth of $28.2 Billion, Says ‘Numbers All Wrong’
Bloomberg also estimated on April 5th that Binance's annual revenue exceeded $12 billion.
CZ Did Not Put FTX Out of Business, Says SkyBridge Capital Founder Anthony Scaramucci
SkyBridge Capital founder Anthony Scaramucci rejected the notion that Changpeng Zhao (CZ) – CEO of Binance – was responsible for the exchange’s failure, pinning the blame solely on former FTX boss Sam Banknman-Fried.
Binance Official Says Exchange Has Ousted North Koreans
Binance has figured out how to keep North Koreans off its crypto exchange, a senior compliance official said during a speech Thursday at CoinDesk's Consensus 2023 event.
Binance’s 650% Manpower Increase Aimed at Rehabilitating Rule-Breaker Image Amid US Crackdown
Binance has made significant progress in reining in illegal activity and improving compliance, according to the company's Head of Global Sanctions, Chagri Poyraz. The exchange has increased its full-time compliance personnel by 650% during the past two years to around 750 staffers, up from 100 in 2021. Binance has been the subject of public and regulatory scrutiny, with authorities penalizing the exchange for allegedly doing business in the US without permission and helping terrorists and money launderers move funds. Binance has hired several financial regulation, compliance, and criminal investigation veterans and is committed to being transparent and avoiding running afoul of international bodies. The exchange has also ramped up its development of technology tools to detect when people are trying to access the exchange illegally.
Binance CEO Denies $28B Wealth: ‘I Don’t Have Anywhere Near As Much’
Binance CEO Changpeng "CZ" Zhao has claimed that his net worth is way less than reported by Bloomberg's latest finance rich list, which estimates his wealth at $28.2 billion, ranking him in the top three finance billionaires worldwide. CZ took to Twitter to state that the numbers were all wrong and that he doesn't have anywhere near as much wealth as reported. He also denied that the collapsed FTX cryptocurrency exchange was ever viewed as a rival and welcomed more well-run exchanges in the space. The Binance CEO has been critical of mainstream media reporting on the industry, often characterizing their reports as fear, uncertainty, and doubt.
Binance CEO “CZ” Reacts To Bloomberg’s Data On His Wealth and FTX
Binance CEO Changpeng "CZ" Zhao has denied Bloomberg's estimate of his net worth, stating that the numbers are wrong and that he doesn't have anywhere near the amount estimated by Bloomberg. Bloomberg had estimated CZ's net worth at $28.2 billion and ranked him third in its "New Finance Rich List" of the top 25 financial leaders. Binance does not publish its financial data or disclose CZ's stake in the company. The US CFTC has sued Binance and CZ on allegations of helping customers evade trading restrictions and failing to implement effective compliance policies.
Cointime News Wrapup-Afternoon: Binance Reportedly Removes Restrictions on Russian Users
Binance has lifted certain restrictions on Russian users, according to local crypto media.