CZ alleges FTX paid $43M to news organization to publish Binance FUD – CryptoSlate

CZ alleges FTX paid $43M to news organization to publish Binance FUD – CryptoSlate

Blockchain Crypto Market Technology
January 25, 2023 by Coinvasity
7
The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $22,556.74 and BTC market dominance is %. The price of Ethereum is $1,542.77 and ETH market dominance is %. The best performing cryptoasset sector is Healthcare, which gained 4%.FTX funded FUD against Binance and the impact of
wp-header-logo-393.png

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $22,556.74 and BTC market dominance is %. The price of Ethereum is $1,542.77 and ETH market dominance is %. The best performing cryptoasset sector is Healthcare, which gained 4%.
FTX funded FUD against Binance and the impact of AI in crypto were discussed during a recent Twitter AMA with the Binance CEO.
Cover art/illustration via CryptoSlate
Binance CEO Changpeng (CZ) Zhao alleged during a Twitter space talk that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles on Binance,
CZ claimed that traders with short positions look to “generate negative news” to better their trades. Therefore, he is “fine” with crypto skeptics such as Peter Schiff criticizing the industry as “they don’t get it, they don’t understand it.”
However, he admitted to paying attention to the negative press allegedly funded by FTX. CZ said:
“I don’t think it’s going to stop, but I don’t think it’s going to bother us that much going forward.”
The Binance CEO praised the ability of people to “come to their own judgments,” stating that “people are pretty smart today… most people are no longer fooled by clickbait titles.”
In response to another audience question on AI, CZ asserted that Binance is using the technology in many parts of its business. For example, roughly 75% of Binance’s customer support is handled via AI, along with risk management, transaction monitoring, fraud detection, and market manipulation detection.
CZ also believes there will be further implementation of AI technology within the blockchain space in relation to analyzing data and detecting critical changes to risk.
“With machine learning becoming more and more mature and more stronger, there will be more and more applications.”
Risk management was a critical factor in the failure of many crypto exchanges and lending services throughout 2022. Therefore, the ability of AI to mitigate the difficulties of managing risk within a complex on-chain environment could be crucially important to blockchain projects in the future.
Also known as Akiba, Liam is a journalist and editor of Blocklight at CryptoSlate. He believes that decentralized ledger technology has the potential to make widespread positive change. He predicts the next 10 years will bring in a dawn of a new age of technological innovation.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
BNB, or Binance Coin, is a cryptocurrency created by Binance.
Changpeng Zhao is a Chinese-Canadian business executive, who is the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, as of April 2018.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Roughly $50 million of SBF’s deposit has been seized by prosecutors – Alameda invested $11.5 million earlier in the same bank.
The next stage of legal proceedings will take place sooner than expected.
Short-term Bitcoin investors appear to be taking profit after the cohort saw a dramatic increase in the number of their coins held in profit.
The price of Bitcoin has increased roughly 39% since the start of January, marking a positive start to 2023.
XRP, FIL and OP have the largest estimated locked value with $17.9 billion, $4.9 billion, and $3.7 billion, respectively.
Bitcoin crashes through $23k as the bear market rally continues
FTX funded FUD against Binance and the impact of AI in crypto were discussed during a recent Twitter AMA with the Binance CEO.
Porsche faces backlash from crypto community, severely criticizing the expensive mint price and ‘cash-grab’ sales strategy.
The fake Pi token reached a trading volume of $46.8 million on Huobi, becoming the most traded token on the exchange over the past 24 hours.
The floor price for the former president’s NFT collection is around 0.16 ETH.
Midas will rebalance its users’ accounts by deducting 55% from it and their rewards earned. The move would allow users to withdraw 45% of their assets.
Logan Paul said he was knifed in the back by people he trusted and intends to sue Coffeezilla over unethical and sloppy journalistic practices.
Breaking through resistance: Understand the factors driving Bitcoin’s surge past $21,000 in our latest market report.
Got a story tip? Email [email protected]
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2023 CryptoSlate. All rights reserved. Terms | Privacy

Please add [email protected] to your email whitelist.
Stay connected via

source

Add a comment