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Binance Aims To Cement Its Position With $1 Billion For Distressed Assets

Bitcoinist LogoBitcoinist2 mo ago

Binance Aims To Cement Its Position With $1 Billion For Distressed Assets - Bitcoinist

Quick Summary:

Binance CEO Changpeng Zhao (a.k.a.“CZ”) has been a key player in the crypto market over the past few turbulent weeks.

It wasn’t until his tweet about FTX’s credibility and the announced sale of all Binance-owned FTT tokens that a bank run on FTX and subsequent Chapter 11 bankruptcy filing occurred.

Since FTX was one of the world’s largest exchanges, concerns about possible contagion effects that are still unknown are very high, as is currently the case with Genesis Trading.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 08:30:34 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1344 (out of 2714 stories this day)

News Source URL: bitcoinist.com

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 1907464

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 5 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Binance Aims To Cement Its Position With $1 Billion For Distressed Assets" was covered 2 months ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 5 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/binance-aims-to-cement-its-16692857329704

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