HomeBitcoinAccording to Binance's CEO, the worst of the cryptocurrency crash is "probably...

According to Binance’s CEO, the worst of the cryptocurrency crash is “probably over.”


Changpeng Zhao, CEO and creator of cryptocurrency exchange site Binance, says:

“I think the worst is probably over. We’ve seen a pretty significant drop.”

When examining the current price dip in the sector, which some are calling a full-fledged cryptocurrency crash.

On cryptocurrency exchanges and cryptocurrency loans, Zhao warned that only organizations that operate with long-term customer incentives in mind, rather than short-term customer motivations, will be able to withstand the test of time. time.

“It’s not a true business strategy if you only obtain consumers because you utilize incentives to entice them. You’ll eventually run out of money and crash ”

As Coindesk observes, Zhao has a point.

This Friday, the bitcoin industry is attempting to regain ground. Bitcoin is currently trading above $21,000, and Ethereum is trading above $1,100.

Binance temporarily banned BTC/USD bitcoin withdrawals last week.

Celsius also banned withdrawals and transfers last month, citing “severe market circumstances.”

Leave a Reply


Argo Blockchain Sells Bitcoin Mining Facility to Galaxy Digital Holdings in Struggle to Stay Afloat.

The Bitcoin mining crisis continues as miners continue to sell their facilities. Argo Blockchain saw its shares rise in London trading yesterday after agreeing to...

Cryptocurrency Winter to Last “At Least One More Year”, Says Octopus Network Founder.

Octopus Network, a multi-chain cryptocurrency network based on the NEAR protocol, has laid off around 40% of its core team and reduced salaries for the...

MicroStrategy Boosts Bitcoin Holdings with $42.8 Million Purchase.

MicroStrategy, the company co-founded by Michael Saylor, has announced that it has made further purchases of Bitcoin since November 1st. According to today's report, the...

China’s CBDC wallet relies on an age-old custom to increase adoption.

The digital yuan wallet app now includes a traditional Chinese method of donating money that has gone virtual with the rise of digital payments. China's wallet...

Follow us


Most Popular

%d bloggers like this: