The documentary shows how Changpeng Zhao went from not being known to being the richest person in the bitcoin industry. In reality, the movie starts in 2013, right after CZ lost $700,000 because the price of BTC dropped by 70%. Still, he started Binance with the goal that it would be one of the top 10 Regulate Bitcoin exchanges in three years. In just six months, it was one of the top 10 trades.
Binance Labs has contributed money to Oasis’s ecosystem fund
This week, Binance Labs, the venture capital arm of the Chinese cryptocurrency exchange, gave an extra $200 million to Oasis Network’s growth fund. Bill Chin, who is in charge of investments at Binance Labs, said that the company joined the Oasis Ecosystem Fund because it has “features that protect privacy” and “Web3 capabilities.”
YuzuSwap became the first decentralized exchange for Oasis Network on the same day that Binance Labs’ new platform went online. On its first day, the DEX helped its clients get more than $100 million in value.
Nobody can believe how much money Changpeng Zhao has
Changpeng Zhao, who is the CEO of Binance, is thought to be worth $96 billion. This would make him the richest person in Asia and in the whole bitcoin business. He has “only” $11 billion less than the 10th-ranked person, Larry Ellison, who has a net worth of $107 billion and is ranked 10th. You can also start trading and earn with help of Bitcoin smart
Part of Changpeng Zhao’s current net worth is due to Binance, which is the world’s largest cryptocurrency exchange by trading volume. Even though the rules will change a lot in 2021, the company is working harder to get operational licenses so it can keep reaching people all over the world.
Bitfarms’ bank account now has more money than it did before
Bitfarms, a Canadian company that mines cryptocurrency, has made it clear that it wants to keep as much Bitcoin as it can. This week, the company said it had already bought 1,000 Bitcoins in 2018. When the news came out, the company had $177 million worth of assets.
Emiliano Grodzki, the CEO of Bitfarms, said that the main goal of the company is to “accumulate as much Bitcoin as possible for the benefit of our shareholders at the lowest cost and in the shortest amount of time.” We took advantage of the recent drop in the price of Bitcoin (BTC) while mining equipment was still pricey.
PayPal will soon start a project that will use currencies that are stable
After a senior PayPal employee said that the company was starting an internal stable coin project, it seems like PayPal is getting ready to accept more digital assets. The new stable coin, which is rumored to be called “PayPal Coin,” is said to be backed by U.S. dollars and give the cryptocurrency industry more ways to make transactions.
No date has been set for when this project will start, but Jose Fernandez da Ponte, PayPal’s vice president of crypto, said that more regulatory clarity is needed before any stable coin can be approved.
Conclusion
There was a Twitter chat under the Nas Daily video. In it, a viewer asked CZ if he sold any of his investments when the stock market fell 70% in 2013. The straight answer from Changpeng Zhao was, “It was never sold.”Recent news stories told the world that Binance has agreed to give Elon Musk $500 million to help pay for the purchase of Twitter. In addition to Binance, 18 other companies have also invested in the deal.
Also read: Top 5 Most Influential People in Cryptocurrency Trading
