Binance's billionaire CEO pledges to build massive fund to aid stricken crypto industry

In an interview Thursday with Bloomberg Television’s Haslinda Amin, Zhao provided the most detailed overview yet of the various deals Binance is examining in the wake of rival FTX’s messsy collapse. The centerpiece of Zhao’s plan is gathering partners for a fund aimed at backing promising but cash-strapped crypto projects.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

One question Zhao left open is where Binance will be headquartered, saying only that Dubai and Paris are now its “global hubs.”

Those miners should just learn how to code

It’s still a scam. Run!

...yikes ..run

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Binance's billionaire CEO pledges to build massive fund to aid stricken crypto industryBinance\u0027s CEO is touting a $1\u002Dbillion\u002Dplus fund to buy distressed assets as a way to backstop the stricken crypto industry. Read on. financialpost Always inspiring to see a billionaire use surplus billions to help people in need financialpost Bitcoin is worthless & it doesn't matter how big the fund is, that won't change. Cash out & find an investment that is backed by actual assets, sales & profits. Otherwise you will eventually lose everything on bitcoin.
Source: nationalpost - 🏆 10. / 80 Read more »