Changpeng Zhao ve Binance`in 2022`nin En İyi 5 Kripto Galibiyeti

Changpeng Zhao also proved that Binance could survive mass withdrawals after the exchange processed over $1 billion about two weeks ago. 

Worried customers started withdrawing assets from Binance after CZ announced the temporary pausing of USDC withdrawals until American banking partners opened. USDC is a stablecoin, a type of cryptocurrency whose value is pegged to a fiat currency through algorithms or asset reserves. Clients withdrew $1.14 billion worth of crypto assets out of concern that the exchange keeps assets in different forms than what clients deposited.

At the time, Changpeng Zhao called the surge in withdrawals “business as usual” and recommended that exchanges undergo periodic stress tests to test their ability to process mass withdrawals.

Changpeng Zhao Beefs Up Support For Struggling Crypto Firms

Roughly two weeks after the collapse of FTX, CZ and Binance also launched a $1 billion Industry Recovery Fund to invest in crypto firms which “through no fault of their own, are facing significant, short term, financial difficulties.” The fund could expand to $2 billion, Binance said.

Several notable firms contributed funds to the pool, including Jump Crypto, Aptos Labs, and Animoca brands. These participants can invest unilaterally or co-invest in struggling companies. The recovery fund could set the stage for crypto to self-regulate if it remains sufficiently decentralized.

Binance CEO Changpeng CZ Zhang Regulation

When FTX collapsed, CZ called for greater transparency surrounding an exchange’s crypto assets.

He later one-upped several rival exchanges by authorizing one of the first Merkle proof-of-reserves audits to prove Binance held customer assets 1:1 and did not lend out customer funds like traditional banks. While the initial report covered BTC-related holdings, Binance said it would add more of its assets in the future. CZ also heeded calls for future audits to include liabilities that would reveal the health of Binance’s balance sheet.

While auditing firm Mazars said that the report was an “agreed upon procedure” rather than an audit, it was nonetheless an important step towards setting industry standards for transparency.

Binance Launches Ronaldo NFT Collection To Top BNB Charts

In keeping with the spirit of the 2022 FIFA World Cup, CZ recently celebrated Binance’s launch of an exclusive NFT collection commemorating the career of storied football superstar Cristiano Ronaldo. 

The collection comprises several computer-generated statues depicting Ronaldo’s football feats from his early career to the present. Sales of the Super Rare and Super Super Rare NFTs accounted for the highest seven-day transaction volume on the BNB Chain in early November 2022.

Binance defied declining interest in NFT collections by marketing the Ronaldo collection through expensive TV advertisements aired in 74 countries during the 2022 FIFA World Cup. Falling crypto prices caused investment in crypto ads to fall drastically from the start of the year, when FTX, Coinbase, and Crypto.com floated ads to millions during the annual NFL Super Bowl event.

Source: beincrypto.com