Tag: Zhao, Changpeng

In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto

Chin@Strategy

Mr. Zhao founded Binance after a brief career in finance, including a stint at Bloomberg, where he built trading software. He created the exchange when he was living in Shanghai. But soon after, the Chinese government banned cryptocurrency exchanges like Binance from operating in the country, and many of the company’s employees fled. Mr. Zhao maintains an active presence on Twitter but isn’t always easy to track down, having moved between Japan, Singapore, Lithuania, Malta and Dubai. Binance’s lack of a fixed headquarters is in keeping with the trend of…

Zero-Covid Protests in China Shake Global Markets

Chin@Strategy

Crypto investors see trouble ahead Crypto asset prices sank again on Monday even as Binance, the industry’s biggest exchange, tried to restore investor trust by pushing for greater transparency across its exchange following the collapse of its rival, FTX, earlier this month. How bad could it get? Mark Mobius, a co-founder of Mobius Capital Partners, told Bloomberg this morning that his new price target for Bitcoin is $10,000, implying a further drop of nearly 40 percent. Binance sought to calm investor nerves. This weekend, Changpeng Zhao, its founder, said that…