Binance
CZ’s first public appearance since release set for Dubai
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5 hours agoon
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adminFormer Binance CEO Changpeng ‘CZ’ Zhao will make his first public appearance since stepping down at Binance Blockchain Week in Dubai.
According to Zhao’s Oct. 10 X post, the event is slated to be one of the biggest web3 events of the year, and he has confirmed that he will be attending in a personal capacity.
Zhao’s upcoming appearance has stirred up plenty of chatter in the crypto space with key figures and projects curious about what he might share. Tron founder and CEO Justin Sun joined others in welcoming the Binance co-founder:
Zhao’s upcoming appearance will be his first public engagement since pleading guilty to violating U.S. anti-money laundering regulations and paying a $50 million fine. Binance itself was fined $4.3 billion, one of the largest corporate settlements in U.S. history.
As a part of the settlement, Zhao resigned from his role as the CEO of Binance and served four months in prison. He has now been barred from managing the company for life.
However, he still retains a 90% ownership stake in Binance, keeping him among the wealthiest in the crypto space with an estimated net worth of $61 billion.
Binance Blockchain Week
Binance Blockchain Week 2024, set for Oct. 30-31, is expected to be one of the biggest Web3 events this year, building on the success of last year’s Istanbul edition.
According to the official announcement, the event’s theme centers around “Momentum,” focusing on the ongoing progress in the crypto industry despite challenges. It will explore the current state of the sector, its hurdles, and the direction it is heading.
Held at the Coca-Cola Arena, the event will feature discussions on how the crypto industry can maintain its decentralized values while adapting to evolving regulations. Attendees will have the chance to participate in interactive sessions and workshops designed to engage with new blockchain tools and platforms.
Besides Zhao, the event also boasts a lineup of several key industry players who’ll be making appearances. Notable speakers include Circle CEO Jeremy Allaire, Nansen CEO Alex Svanevik, Dubai Future Foundation CEO Khalfan Belhoul, and Sotheby’s Vice President of Digital Art Michael Bouhanna.
What’s next for Zhao after Binance?
Zhao’s departure from Binance marked the end of a momentous chapter in his career, with speculation growing around what his next move would be.
The former CEO has stated his intention to shift focus away from the crypto sector. At a hearing earlier this year, Zhao said he plans to dedicate his next chapter to “providing opportunities for youth,” particularly through educational platforms for underprivileged children.
A website called Giggle Academy has been created for this initiative, but it remains in its early stages.
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Binance Expands Support For BNSOL After Listing, Here’s How To Stake
Published
1 day agoon
October 10, 2024By
adminCrypto exchange Binance on Thursday again issued an important announcement surrounding the staked SOL token on the exchange, BNSOL. The crypto exchange revealed that it is now adding the staked token on ‘Earn, Convert & Margin,’ enhancing trade offerings for users. These enhancements follow the token’s recent listing on the same exchange, echoing optimism for the crypto’s long-term perspectives.
Binance Enhances Offerings For Staked SOL
As per an official Binance announcement dated October 10, BNSOL is all set to be added on Earn, Convert, and Margin platforms today. Simple earn and flexible products for the token will be listed on ‘Simple Earn’ today at 08:00 UTC and will thereafter be available for subscription. Simultaneously, users will be able to trade the asset against BTC, USDT, and other tokens on ‘Convert’ at zero trading fees within one hour of the asset’s listing on the spot trading platform.
Additionally, the staking crypto will also be added to Cross and Isolated Margin along with SOL pegged pairs on October 14 at 08:00 UTC. These enhanced offerings, after the exchange recently revealed listing for the token, have reverberated optimism among market participants globally. CoinGape Media reported earlier that with Binance’s backing, BNSOL secured listing, sparking considerable optimism across the broader market.
How To Stake SOL?
Meanwhile, the crypto exchange also rolled out three ways for users to stake their SOL on the platform. One can easily go to the ‘SOL pledge’ section on the ‘financial management’ page and achieve staking. Further, users can also get the staked token by pledging SOL in the Binance Web3 wallet. Lastly, users can directly recharge the staked Solana token into their accounts, the announcement added. All new and old token holders are eligible to enjoy up to 10% APR during the promotion period.
Simultaneously, BNSOL price rested at $139.5 at press time, down nearly 3% in the past 24 hours. Similarly, SOL price traded at $139, noting a 2.5% decline at press time. Nevertheless, the listing plans have garnered significant attention to the staking token. It’s also worth noting that the token represents staked SOL and income collectively in a tradeable and transferable form on the exchange.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: 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.
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Binance
Binance, FalconX and the Curious Case of 1.35M Missing Solana Tokens
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Celestia raises $100m, Binance founder leaves prison, Gensler reaffirms Bitcoin stance | Weekly Recap
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September 29, 2024By
adminThe crypto venture capital scene is busy; Binance founder and former CEO Changpeng Zhao completes a four-month sentence; and SEC chair Gary Gensler addresses Bitcoin in a TV appearance. Read on for our weekly recap: Celestia, crypto startups attract VC…
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