Binance Provides “The Inside Story” On DOGE Withdrawal Issues

Following weeks of technical difficulties, Binance has resolved an issue pertaining to Dogecoin withdrawals from their exchange. Today, the company released a statement explaining why the issue arose in the first place, and what it took to resolve it. This comes following a frustrated exchange between Binance and Tesla’s CEOs while the problem was still being worked out. The Inside Story The explanation came in a statement from both Binance and Dogecoin Core maintainers, posted through Binance Blog. What began…

Elon Musk Confronts Binance’s “Shady” Behavior Over Doge Withdrawals

Elon Musk is not happy with how Binance is running its operations today. He targeted Binance CEO Changpeng “CZ” Zhao on the exchange’s handling of recent Dogecoin withdrawal troubles, suspecting “shady” behavior. Not backing down, CZ fired back with his own criticism of faulty Tesla vehicles. Elon Musk Versus Changepeng Zhao The executive feud began with Elon Musk tagging CZ in a Twitter comment earlier today. The comment was left on a CoinDesk tweet quoting the CEO, saying he wanted…

Ethereum May Be Its Own Killer, Not Binance Smart Chain, Says CZ

As more people continue to tag Binance Smart Chain as the "Ethereum Killer," Binance CEO Changpeng Zhao (CZ) has opined that the real Ethereum "killer" is no other blockchain but itself due to performance issues. In a recent Twitter thread, CZ noted that the success of ETH might become the cause of its downfall, not necessarily other cryptocurrencies. He wrote, "Vitalik once said (and there is a video of it somewhere), ETH killer is ETH. I believe he is correct,…

Binance to Introduce Its First Bitcoin Mining Pool

A recent report stated that Binance is preparing to roll out its crypto mining pool and already has professionals for the project. The launch will take place in the second quarter of 2020, according to the report. Changpeng Zhao, Binance CEO, confirmed the news on his Twitter account. Additionally, Zhao mentioned there are many other projects currently ongoing in the Binance ecosphere. Industry Players’ Views on the Initiative Binance’s move had many industry players share their ideas on the initiative.…

Binance CEO, CZ, Views The Current Financial System as Broken

Changpeng Zhao (CZ), the CEO of Binance was quoted saying that the current global financial system is broken. He believes Bitcoin and other crypto are the solution to this global problem. CZ notes the corporate culture which gang presses CEOs to pursue short-term objectives instead of lasting solutions. His blog post views investors as part of the cause,  vaunting CEOs who can push up stock prices and make good profits every quarter. He thinks investors should rather praise their CEO…

Binance CEO Reassures Consumers Their Funds Are Safe Amid Hacking Rumors

Following the speculation making rounds stating Binance was hacked, the company’s CEO, Changpeng Zhao, disputed the claims while assuring the community that funds on the trading platform are safe. Zhao clarified the issue by showing the error originated from the data transmission issues experienced by one of their partners. He said nothing has interfered with its matching engine and the system is still genuinely corruption-free. Trading has been paused on the exchange’s platform, says the CEO. Binance, named as one…

Binance CEO Sees The Platform’s Overload as A Boost in The Crypto-Market

Binance recently sparked talks in the financial world, due to the revelation of taking a forward step towards expansion. While teaming up with the Simpex Payment Processing Provider, Binance plans to enable more people to buy BTC, ETH, XRP, and other cryptos with fiat currencies at their convenience. Binance will now give users the ability to save money by eradicating extra fees such as bank levies and conversion tariffs that card companies charge regularly. Solutions to The Issues Facing Binance…

Bitcoin’s Finite Supply May Limit Its Growth, Says Changpeng Zhao

Towards the end of the year, the CEO of Binance, Changpeng Zao, pointed out in a tweet that Bitcoin’s price potential is limitless. Bitcoin is one of the mainstream cryptocurrencies worldwide. Changpeng Zhao is of the opinion that the finite supply of Bitcoin dramatically contributes to its erratic nominal price. Changpeng also believes that Bitcoin has infinite potential over fiat currencies. The only thing limiting bitcoin is its limited supply. https://twitter.com/cz_binance/status/1206416065095299073 Bitcoin’s Volatility There’s no assured prediction of Bitcoin prices.…