Bloomberg business in a shocking post today took a jibe at largest cryptocurrency exchange Binance and its founder Changpeng Zhao aka CZ. The instagram post accussed Binance for being the most craziest thing in cryptocurrency realm and Binance founder Changpeng Zhao as “elusive” flip flop wearing software developer.
‘For Now, It’s the largest Crypto Exchange”
Earlier today Bloomberg, a pioneer in online journalism, accused the largest cryptocurrency exchange Binance and its founder in an official instagram post. As per the post, Bloomberg business called Binance the craziest thing in cryptocurrency industry and accused that Binance is only found where CZ is. The post further criticized crypto exchange for ongoing backlash by several countries due to regulatory concerns.
As reported by Coingape earlier, Binance is facing strict regulatory actions by 6 countries namely, Japan, Britain, Singapore, Thailand, Cayman Island, and Canada. The post further called Binance founder and CEO Changpeng Zhao, elusive. It described Changpeng as flip flop wearing software developer everyone calls CZ. This is not it, the post subtly raised questions around Binance’s future by ending the post in somewhat secret manner.
“For Now, Its the largest cryptocurrency exchange on the planet”
Bloomberg business didn’t spare Binance Coin (BNB), the native token of Binance. It raised questions on tokens credibility as token is basically built and managed by Binance itself.
I get a feeling Bloomberg doesn’t like me that much, but that’s ok. I am still thankful to my ex-employer. 🙏
Stay compliant, work together, grow the industry. pic.twitter.com/n36EofT6fb
— CZ 🔶 Binance (@cz_binance) July 10, 2021
Binance CEO responded to Bloomberg’s accusations through his official twitter handle, saying Bloomberg doesn’t like him much and he is thankful to his ex-employer. Due to recent incidents of regulatory actions in several countries Binance is already under extreme pressure to get on page with compliance authorities in various nations.
Recently, Binance hired a former regulator in hopes to improve the situation in various nations. Binance’s independent US subsidiary Binance.US has hired Manuel Alvarez as the Chief Administrator. Another ex-regulator runs the cryptocurrency exchange; Brian Brooks, ex-bank regulator hired Alvarez for the job.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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