Bloomberg Takes A Jibe at Binance, Calls Founder CZ “Elusive”
Bloomberg business in a shocking post today took a jibe at largest cryptocurrency exchange Binance and its founder Changpeng Zhao aka CZ. The instagram post accussed Binance for being the most craziest thing in cryptocurrency realm and Binance founder Changpeng Zhao as “elusive” flip flop wearing software developer.
‘For Now, It’s the largest Crypto Exchange”
Earlier today Bloomberg, a pioneer in online journalism, accused the largest cryptocurrency exchange Binance and its founder in an official instagram post. As per the post, Bloomberg business called Binance the craziest thing in cryptocurrency industry and accused that Binance is only found where CZ is. The post further criticized crypto exchange for ongoing backlash by several countries due to regulatory concerns.
As reported by Coingape earlier, Binance is facing strict regulatory actions by 6 countries namely, Japan, Britain, Singapore, Thailand, Cayman Island, and Canada. The post further called Binance founder and CEO Changpeng Zhao, elusive. It described Changpeng as flip flop wearing software developer everyone calls CZ. This is not it, the post subtly raised questions around Binance’s future by ending the post in somewhat secret manner.
“For Now, Its the largest cryptocurrency exchange on the planet”
Bloomberg business didn’t spare Binance Coin (BNB), the native token of Binance. It raised questions on tokens credibility as token is basically built and managed by Binance itself.
I get a feeling Bloomberg doesn't like me that much, but that's ok. I am still thankful to my ex-employer. 🙏
Stay compliant, work together, grow the industry. pic.twitter.com/n36EofT6fb
— CZ 🔶 Binance (@cz_binance) July 10, 2021
Binance CEO responded to Bloomberg’s accusations through his official twitter handle, saying Bloomberg doesn’t like him much and he is thankful to his ex-employer. Due to recent incidents of regulatory actions in several countries Binance is already under extreme pressure to get on page with compliance authorities in various nations.
Recently, Binance hired a former regulator in hopes to improve the situation in various nations. Binance’s independent US subsidiary Binance.US has hired Manuel Alvarez as the Chief Administrator. Another ex-regulator runs the cryptocurrency exchange; Brian Brooks, ex-bank regulator hired Alvarez for the job.
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
