Binance CEO on Risks of Crypto Self Custody: Most People Will Lose Their Private Keys
On Wednesday (14 December 2022), CZ, who is Co-Founder and CEO of the world’s largest crypto exchange (by trading volume) shared his thoughts on people holding their own crypto.
Binance Customer Withdrawals Jumps Over $3.5 Billion In A Week
Although Binance has enjoyed the trust of millions of users since its launch, a lot may be changing in recent weeks. Binance has recorded huge withdrawals, most of which have come in the past seven days totalling up to $8.6 billion.
Binance Proof of Reserves Fall by $3.5B in 24 Hours
Over the last 24 hours, the Binance USD (BUSD) and Bitcoin (BTC) Proof of Reserves (PoR) have fallen by $3.45 billion, and $472.86 million respectively — according to Glassnode data analyzed by CryptoSlate.
BUSD’s Supply Falls Below $20B As USDC’s Supply Climbs Above $45B
Binance USD’s (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals.
S. Korean City Official Refutes Reports of Binance, FTX Pulling Out of Busan’s Crypto Exchange Project
A Busan city representative has refuted reports that global cryptocurrency exchange Binance and now-bankrupt FTX.com have backed out of their partnership with South Korea’s Busan city to help build its first city-backed crypto exchange.
Tron Founder Justin Sun Withdraws 100M BUSD From Binance, FUD Ending?
Tron founder Justin Sun on Wednesday withdrew 100 million BUSD stablecoins from crypto exchange Binance. The 100 million BUSD withdrawn was then moved to the Paxos Treasury. Binance CEO CZ on Tuesday pointed out that 100 million USDC transferred by Justin Sun to Binance is part of deploying BUSD on Tron through cross-chain swaps.
Binance Processes Close to $8 Billion in Daily Withdrawals, CZ Says It Wasn’t a Even Top 5
Changpeng Zhao – CEO of Binance – said the wave of customer withdrawal requests has cooled off, assuring that the entity has coped with higher demands in the past.
Binance CEO Tells Staff Next Few Months ‘Will Be Bumpy’: Report
Binance's CEO Changpeng “CZ” Zhao has told employees in an internal memo that he expects the “next several months to be bumpy.”
CZ Issues Memo To Binance Staff Amid Heavy Withdrawal
Binance, the world’s largest crypto exchange is witnessing heavy withdrawals amid the broad market recovery. As per the data provided by Nansen, Around $3 billion has been withdrawn by the investors from the exchange in the last 24 hours. However, Binance Chief, CZ has issued a memo among the office staff amid this uncertainty.
