• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Monday, September 25, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Binance CEO CZ lashes out at Chinese media, The Block for spreading FUD

August 18, 2022
in Altcoins
Reading Time: 3 mins read
A A
Binance CEO CZ lashes out at Chinese media, The Block for spreading FUD
ShareShareShareShareShare

Crypto exchange giant Binance‘s CEO Changpeng Chao (CZ) posted a thread on his Twitter account, lashing out at the major Chinese news site 163 for publishing fake news on Binance to spread FUD.

The CEO also reminded the crowd that the global crypto news site The Block also spread FUD on Binance by posting an article with a misleading title three years ago.

CZ came across the fake news from 163 at 8:40 UTC on Aug. 18. Five hours later, he posted a thread lashing out at both 163 and later the Block for spreading FUD and showing how the BNB price had responded. He also noted that the original article from 163 was deleted, but many copies of it still roamed the internet.

163’s fake news

According to his thread, the news source 163 wrote:

“Changpeng Zhao, the founder of Binance, was arrested in the mansion during the FBI raid, and a room of BNB and BUSD was found in the basement of the mansion.”

CZ said the ridiculous reference to a “room full of BNB” should have signaled that the news was fake; however, it still spread quickly on the internet and social media groups.

BNBUSD Chart (via tradingview.com)

As soon as the fake news spread, the BNB price fell almost 3%, from $310 to $301. An hour after the fall, the price started to bounce back. At press time, BNB is being traded for $303,4.

CZ concluded his thread by stating that the global crypto news outlet The Block also spread FUD three years ago, which caused the BNB price to fall from $24 to $18, erasing about $400 million from the market cap.

Although he did not disclose the details of The Block’s article, CZ mentioned that the title spread FUD by saying that the police “raided” the Binance office. According to CZ, this article spread very quickly as well, and The Block only corrected the title to “visit by authorities” three days later.

Binance

The coldest winter in crypto history has given many exchange giants a hard time. However, judging by the news, Binance seems unaffected by the winter conditions.

A recent report by CryptoSlate showed that Binance’s Bitcoin holdings started to spike in May 2022 to reach above 623,000 Bitcoins.

The exchange is also continuing its investments and hiring new employees as if the market conditions are preem. According to CZ, Binance can even purchase exchanges that are having financial troubles due to the winter conditions.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits


Credit: Source link

Related articles

Amazon invests $4B in OpenAI alumni Anthropic, launching AI cloud war with Microsoft and Google

Amazon invests $4B in OpenAI alumni Anthropic, launching AI cloud war with Microsoft and Google

September 25, 2023
Here’s How Long SHIB Will Take to Reach $1

Here’s How Long SHIB Will Take to Reach $1

September 25, 2023
ShareTweetSendPinShare
Previous Post

Activision Accused of Plagiarism of NFT Skin

Next Post

Timeline Of Hodlonaut, Craig Wright Case – Bitcoin Magazine

Related Posts

Amazon invests $4B in OpenAI alumni Anthropic, launching AI cloud war with Microsoft and Google

Amazon invests $4B in OpenAI alumni Anthropic, launching AI cloud war with Microsoft and Google

September 25, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Here’s How Long SHIB Will Take to Reach $1

Here’s How Long SHIB Will Take to Reach $1

September 25, 2023

Shiba Inu’s (SHIB) price has struggled to gain momentum in 2023, despite the project launching its highly anticipated layer-2 network,...

From $1,000 to $1 Million, How Shiba Inu Made People Millionaires

From $1,000 to $1 Million, How Shiba Inu Made People Millionaires

September 24, 2023

Shiba Inu is arguably the only cryptocurrency in recent times to have made investors millionaires in less than a year....

OpenSea’s third-party security breach leaves API users vulnerable

OpenSea’s third-party security breach leaves API users vulnerable

September 24, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

South Korea’s Upbit experiences severe disruption due to fake APT tokens

South Korea’s Upbit experiences severe disruption due to fake APT tokens

September 24, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Load More
Next Post
Timeline Of Hodlonaut, Craig Wright Case – Bitcoin Magazine

Timeline Of Hodlonaut, Craig Wright Case - Bitcoin Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ripple's CLO calls SEC's latest filing "Hypocritical Pivot" – Cointelegraph

Ripple's CLO calls SEC's latest filing "Hypocritical Pivot" – Cointelegraph

September 9, 2023
Turning Point For Bitcoin And Crypto? DXY At 5-Month High

Turning Point For Bitcoin And Crypto? DXY At 5-Month High

September 6, 2023
What X’s (Twitter) Daring Expansion Could Mean For Dogecoin

What X’s (Twitter) Daring Expansion Could Mean For Dogecoin

September 1, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • NHN Corporation Enters Web3 Gaming with Mysten Labs Partnership
  • Arrington resigns from the Board of Directors of Celsius
  • Will Bitcoin Drop To $20k? EURUSD Correlation Indicates It Might

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,068.00-1.98%
  • ethereumEthereum(ETH)$1,573.62-1.30%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$208.66-0.93%
  • rippleXRP(XRP)$0.494397-3.14%
  • usd-coinUSDC(USDC)$1.000.06%
  • staked-etherLido Staked Ether(STETH)$1,574.53-1.24%
  • dogecoinDogecoin(DOGE)$0.060636-1.55%
  • cardanoCardano(ADA)$0.244201-0.69%
  • solanaSolana(SOL)$19.44-0.76%
  • ToncoinToncoin(TON)$2.20-2.52%
  • tronTRON(TRX)$0.084197-0.04%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.02-0.11%
  • matic-networkPolygon(MATIC)$0.51-1.64%
  • litecoinLitecoin(LTC)$64.22-0.97%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.84%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,063.00-1.85%
  • bitcoin-cashBitcoin Cash(BCH)$206.90-1.12%
  • chainlinkChainlink(LINK)$7.221.01%
  • daiDai(DAI)$1.00-0.05%
  • leo-tokenLEO Token(LEO)$3.77-1.92%
  • true-usdTrueUSD(TUSD)$1.00-0.04%
  • uniswapUniswap(UNI)$4.23-0.71%
  • avalanche-2Avalanche(AVAX)$8.83-1.32%
  • stellarStellar(XLM)$0.112023-1.27%
  • moneroMonero(XMR)$143.900.58%
  • okbOKB(OKB)$42.67-0.38%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBUSD(BUSD)$1.00-0.02%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.13-0.90%
  • cosmosCosmos Hub(ATOM)$6.96-1.29%
  • hedera-hashgraphHedera(HBAR)$0.050213-0.92%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • filecoinFilecoin(FIL)$3.20-1.57%
  • AptosAptos(APT)$5.629.18%
  • crypto-com-chainCronos(CRO)$0.050263-1.55%
  • internet-computerInternet Computer(ICP)$2.96-0.29%
  • lido-daoLido DAO(LDO)$1.47-1.06%
  • quant-networkQuant(QNT)$88.64-1.79%
  • MantleMantle(MNT)$0.391412-0.75%
  • vechainVeChain(VET)$0.016525-2.03%
  • makerMaker(MKR)$1,273.00-0.88%
  • nearNEAR Protocol(NEAR)$1.10-0.69%
  • ArbitrumArbitrum(ARB)$0.81-1.58%
  • optimismOptimism(OP)$1.26-2.47%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0465100.90%