Binance
Binance-Led $1B Recovery Fund: Jump Crypto, Aptos Labs to Pitch In
According to a press release, Aptos Labs and Jump Crypto are among the prominent crypto companies that committed to contributing $50 million to a $1 billion Industry Recovery Initiative (IRI) led by crypto exchange Binance. "The Hash" panel discusses the latest developments as BlockFi becomes the latest company to file for bankruptcy.
Bitcoin and Ether Trade Lower Along With Equity Markets
Bitcoin (BTC) is holding above the support level of $16,000 while ether (ETH) dropped below $1,200 as on-chain researcher Lookonchain warned of selling pressure after a whale moved large amounts of ETH to Binance. Hashdex CEO and co-founder Marcelo Sampaio weighs in on the recent price actions and discusses his outlook on the broader crypto market.
Singapore Defends Stance on Binance After FTX Implosion
This week, Singapore's central bank, the Monetary Authority of Singapore (MAS), released a statement to "address misconceptions" after the collapse of crypto exchange FTX. CoinDesk Executive Director of Global Content Emily Parker discusses the latest in the state of crypto in Singapore and Asia as FTX's implosion continues to ripple across the industry worldwide.
CZ Denies Report Binance Met With Middle East Investors for Crypto Recovery Fund
Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.
Binance Labs Invests in Hardware Wallet Manufacturer Ngrave
Binance’s venture capital wing Binance Labs made a strategic investment in hard wallet manufacturer Ngrave. "The Hash" panel discusses Binance's strategy and the booming hard wallet business after the FTX fallout.
Crypto Exchange Binance Launching Recovery Fund to Help Rebuild Industry
Binance CEO Changpeng "CZ" Zhao says his exchange is setting up an industry recovery fund to help rebuild the industry, with support from Tron, Huobi Global and Poloniex. "The Hash" panel discusses Binance's latest initiative and what this could mean for the future of the crypto industry.
FTX US Warns of Possible Trading Halt; SBF Tweets: Well Played, You Won
Crypto exchange FTX US warned its users to close their positions as it might halt trading in the coming days. Plus, FTX CEO Sam Bankman-Fried tweets "Alameda Research is winding down trading" and wrote in an apparent dig to Binance, "Well played; you won."
