News Formal

Binance CEO tweets ‘business as usual’ after pausing USDC coin withdrawal Tuesday

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Binance CEO Changpeng 'CZ' Zhao said on Wednesday things have normalized after the crypto exchange paused withdrawals of its USDC coin

Strive founder Vivek Ramaswamy discusses how Sam Bankman-Fried's alleged fraud flew under the radar on 'Varney & Co.'

The USDC is known as a stable coin for its equivalence to the U.S. dollar and can be used to trade a variety of digital assets without the need to move money back into traditional currency. "Yesterday was not the highest withdrawals we processed, not even top five," Zhao tweeted. "We have seen this before. Some days we have net withdrawals; some days we have net deposits."Recently, investors have called for more transparency from Binance’s as other noted crypto exchanges like FTX face collapse.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Outflows soar at crypto exchange Binance, but CEO says it's 'business as usual'Binance, the crypto exchange formerly rivaled by bankrupt FTX, has seen $3 billion in withdrawals in the past 24 hours. FTX founder Sam Bankman-Fried was arrested in the Bahamas and charged with securities fraud in the U.S. Woow Dayyummm House of Cards.
Source: MarketWatch - 🏆 3. / 97 Read more »