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Binance co-founder CZ dismisses crypto exchange sale rumors

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Changpeng Zhao (CZ), the founder and former CEO of Binance, has publicly denied recent speculation suggesting that the crypto exchange is up for sale. The rumors, which surfaced following regulatory scrutiny and leadership changes, have fueled uncertainty in the market. CZ took to social media to clarify that Binance remains financially strong and is not looking for buyers, reaffirming the platform’s commitment to its global user base.

The speculation gained traction after Binance faced mounting regulatory pressure across multiple jurisdictions, including the United States and Europe. Additionally, CZ stepped down as CEO in 2023 as part of a settlement with U.S. authorities, which some believed signaled potential structural changes within the company. However, Binance has continued to operate as one of the largest crypto exchanges, maintaining its position despite industry-wide challenges.

CZ’s denial comes amid ongoing shifts in the exchange’s leadership and strategic direction. Binance has been focusing on compliance, expanding its regulatory framework, and strengthening internal controls to align with global financial regulations. While some competitors have struggled with declining market share, Binance remains a dominant player, with billions in daily trading volume and a growing user base.

By dismissing the sale rumors, CZ aims to reassure investors and customers about Binance’s stability. The crypto industry has seen increased speculation and misinformation in recent months, and Binance’s continued dominance will likely depend on its ability to adapt to regulatory pressures while maintaining market confidence.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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