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‘4’: CZ’s Resolution to Handle Binance FUD in 2023
January 11, 2023
MINS
Less than two weeks into 2023, Binance CEO Changpeng Zhao (CZ) has been tested on his New Year's resolution to "ignore" FUD, fake news and attacks.
Intense Pressure After FTX Debacle
Binance CEO Changpeng Zhao (CZ) has a magic number to deal with public criticisms leveled in 2023 at the world’s largest crypto exchange: “4.”
The number four represents one of CZ’s New Year’s resolutions he tweeted on Jan. 2, specifically: “4. Ignore FUD, fake news, attacks etc.”
That resolution has been tested as the public spotlight has intensified on Binance following the spectacular collapse of Sam Bankman-Fried’s FTX/Alameda Empire and the sudden downfall of an erstwhile media darling that largely went unpredicted in the mainstream press.
Will try to keep 2023 simple. Spend more time on less things. Do's and Don'ts.
— CZ 🔶 Binance (@cz_binance) January 2, 2023
1. Education
2. Compliance
3. Product & Service
4. Ignore FUD, fake news, attacks, etc.
In the future, would appreciate if you can link to this post when I tweet "4". 🙏
CZ seems to be sticking to his resolution, for now, amid reports that Binance is losing more value than it said it had and that the exchange hadn’t kept up with rebalancing for its wrapped Binance-Peg BUSD token in the past.
More FUD incoming, will ignore!
— CZ 🔶 Binance (@cz_binance) January 10, 2023
4
In response to the BUSD article, Binance itself issued a response, saying that “the timing mismatch” issue had been identified and resolved last year.
Meanwhile, the separate issuer of the actual BUSD coin on ERC-20, Paxos, published a Twitter thread emphasizing that its coin is highly regulated and always backed 1:1 and that it does not issue the wrapped versions, such as Binance-Peg BUSD, which in turn is backed by Paxos’ ERC-20 BUSD.
1/ BUSD on ERC20 issued by Paxos is the largest regulated stablecoin in the market. It is always backed 1:1 and offers the highest level of transparency and oversight.
— Paxos (@PaxosGlobal) January 10, 2023
Then again, it appears CZ may have fudged a bit on his anti-FUD commitment, quoting a Tweet from a Binance supporter dismissing the report on Binance’s loss in value, adding “Think they may need an app to check the crypto market. 📷📷”
Think they may need an app to check the crypto market. 😂🤷♂️
— CZ 🔶 Binance (@cz_binance) January 10, 2023
Alright, will do 4, and ignore from here. https://t.co/GP67A5iThk
At a Davos event in Switzerland, CZ struck a far more positive tone. According to reports, he told an audience that Binance grew its employee headcount from 3,000 to 8,000 in 2022 and wants to expand a further 15%-30% in 2023.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
Website | Twitter | Discord | Telegram |
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Digital Asset Infrastructure Provider Taurus Partners with Polygon: Revolutionizing Decentralized Finance?
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June 2, 2023
This partnership aims to enhance Taurus' capabilities by incorporating staking and decentralized finance (DeFi) support into its offerings.
Taurus Embrace Polygon Blockchain
Taurus, a leading provider of digital asset infrastructure backed by Credit Suisse and Deutsche Bank, has partnered with Polygon to provide staking and decentralized finance (DeFi) support to its capabilities.
Taurus offers a range of services, including custody, tokenization, and trading of digital assets. Taurus recently secured $65 million in funding through a round led by Credit Suisse and Deutsche Bank in February, highlighting the growing interest from traditional financial institutions in blockchain technology and tokenization.
Tokenization, the process of representing an asset as tradable units in a digital format, is increasingly drawing the attention of mainstream financial institutions.
Taurus emphasized that most Tier 1 financial institutions are entering the tokenization space and seeking a blockchain-agnostic and token-agnostic infrastructure. Additionally, Bank of America published a report last April stating that the tokenized gold market had surpassed $1 billion the previous month.
Polygon aims to evolve into an "internet of blockchains," connecting various Ethereum-compatible networks while continuing to enhance transaction efficiency and speed.
As blockchain technology adoption accelerates, collaborations between established major institutions and Polygon continues. In addition to the recent collaboration Polygon has also partnered with Franklin Templeton, Google Cloud, and Deutsche Telekom in recent months.
Polygon ($MATIC) is trading at $0.9, up 0.4% in 24 hours, according to CoinMarketCap.
What is Polygon:
Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.
For more about Polygon:
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
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