The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Top Cryptos Binance Coin (BNB)

Binance Not Looking Back: CZ Puts Focus on Web 3.0 – Unmoved by Stocks By DailyCoin

Binance Not Looking Back: CZ Puts Focus on Web 3.0 – Unmoved by Stocks By DailyCoin
Share on FacebookShare on Twitter


Binance Not Looking Back: CZ Puts Focus on Web 3.0 – Unmoved by Stocks
© Reuters Binance Not Looking Back: CZ Puts Focus on Web 3.0 – Unmoved by Stocks
  • Binance celebrated its 5th anniversary with a $444 quarterly BNB burn.
  • Though others announced lay offs, Binance opened 2,000 job positions despite the bear market.
  • Binance announced TikTok’s biggest star, Khaby Lame, as a Web 3.0 ambassador.
  • Changpeng Zhao sstates clearly: “We have no plans of doing stock trading”.

Changpeng “CZ” Zhao, the CEO of Binance, has been the center of attention a number of times throughout the lingering crypto turmoil, but not for negative reasons. On the contrary, Binance has been named as one of a handful of companies in the crypto game still capable of, and willing to lend a helping hand, even raising the bar.

Receiving as many as 50 requests per day from struggling crypto firms, CZ has even been working on Sundays, which according to him is “when the mind is clearest”. Adopting a long-term approach to crypto, Binance is looking to acquire companies, but is not keen on adopting complex loan plans or flash bailouts. “Keep it simple” is the motto, as said by the new “BinanceMan” Khaby Lame.

.@KhabyLame #Binance Making crypto easy#BinanceMan pic.twitter.com/I1lPooxPUv

— Binance (@binance) June 30, 2022

Crypto Is Here to Stay

CZ forecasts that the price of (BTC) won’t jump above the $69,000 mark for at least two years, but also remarked that some of his past colleagues would have been “extremely happy” if he had told them that Bitcoin (BTC) would be at $22,000 in 2022. In addition, CZ made sure to assert that he has never regretted selling his house to buy Bitcoin (BTC) at $600 per coin. Ultimately, the long term-approach adopted by the company helped them to overcome the trials and tribulations of crypto winter, according to the founder of Binance.

Many of the competing top crypto platforms elected to add non-crypto related trading options, such as stocks, to try and get by. Retailers like Robinhood (NASDAQ:) and eToro implemented stock trading options, while the 2nd largest crypto platform by market capitalization, FTX, announced the feature in May, shortly after (LUNA) and Terra (UST) fiasco happened. “We’re not going back, we’re moving forward”, Binance’s CZ said firmly, likely referencing the decision by FTX.

Unity Is the Key, Says CZ

As pointed out by Changpeng Zhao on Twitter (NYSE:), the crypto market lacks unity, which ultimately hurts the entire sector, because, as he put it, “what’s bad for one project is usually bad for other projects too”. The comment was made in response to Charles Hoskinson’s shots at Michael Saylor. CZ even went so far as to sarcastically remark that only aliens can help humans unite.

The world is too divided. For crypto now, early adoption phase, still a lot of skepticism from mass consumers, what’s bad for one project is usually bad for other projects too.Also, market is nowhere near saturated. It’s a growing together phase. https://t.co/wd4Mj5cwcd

— CZ Binance (@cz_binance) July 17, 2022

BNB Back on Track

Binance’s native token, BNB, is back in the green, having recorded weekly gains of 11.3%. The last 24 hours have also been bright for BNB, as it gained 3.3% to trade at $261.41 at the time of writing, according to CoinGecko.

On the Flipside

In less savory news, it was reported that Binance bypassed U.S. sanctions to serve Iranian traders.

Continue reading on DailyCoin





Read More:Binance Not Looking Back: CZ Puts Focus on Web 3.0 – Unmoved by Stocks By DailyCoin

Tags: BinanceDailyCoinFocusputsstocksUnmovedWeb
Previous Post

Cardano Faces the 50 EMA Curve; Will ADA Uptrend Begin?

Next Post

ApeCoin Surges 22% After Bored Ape Yacht Club Demos Otherside Metaverse – Decrypt

Related Posts

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

by The Cryptos News
July 30, 2022
0

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has...

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

by The Cryptos News
July 30, 2022
0

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S....

How to Buy Polkadot Coin | Cryptopolitan

How to Buy Polkadot Coin | Cryptopolitan

by The Cryptos News
July 30, 2022
0

Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT...

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

by The Cryptos News
July 30, 2022
0

The world of cryptocurrencies is becoming ever more popular, and the speed at which people begin trading grows more...

Next Post
ApeCoin Surges 22% After Bored Ape Yacht Club Demos Otherside Metaverse – Decrypt

ApeCoin Surges 22% After Bored Ape Yacht Club Demos Otherside Metaverse - Decrypt

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz