Binance protects users first before Shareholders – CZ
The CEO of crypto trading platform Binance has assured investors that the platform is secure and would refund users first over stakeholders in the case of bankruptcy. In the wake of a recent admission by another top exchange, Coinbase, Binance issued an explanation to its users on Monday. At the time, there were several arguments […]
Chanpeng Zhao Says He Is Poor Again Following LUNA Crash
Binance CEO Chanpeng Zhao jokingly tweeted that he was poor again following the devastating crash of the LUNA Chanpeng Zhao Poor Again, Binance Has 15 Million LUNA Tokens Chanpeng Zhao, the founder of Binance joked that he is “poor again” after losing billions of dollars worth of cryptocurrency when the market crashed. In a tweet […]
Binance CEO CZ Sets To Support Terra Community
CZ stated that minting and forking don’t create value, as he refers to the potential issues with forking Terra. Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, recently questioned the idea of hard forking the Terra blockchain to revitalize the once-thriving LUNA and UST ecosystems. Following that, CZ shared his thoughts on the best course […]
Binance resumes LUNA, UST trading
CZ Binance, founder, and CEO of Binance announced on Twitter, that the temporary suspension of Terra’s Luna and UST trading on the platform has been lifted. Luna may be permitted to trade on Binance again, but there are still concerns about its security and reliability . CZ noted in his tweet announcing the start of […]
Binance Futures delists LUNA
Binance Futures, Binance’s derivatives arm, has delisted coin-margined LUNA perpetual contracts, following Terra network’s coins Luna (LUNA) and TerraUSD (UST) collapse. “To avoid automatic settlement, users are encouraged to cancel any open positions prior to the delisting time,” the site says in a statement. Binance Futures has also begun to settle contracts automatically, lowering leverage […]