CZ screenshots today’s cryptocurrency prices for future reference

2 min

CZ screenshots today’s cryptocurrency prices for future reference

The CEO of the world’s largest cryptocurrency exchange reveal that it’s not the for cryptocurrency. He notes the prices today so he can look back at them in to come.

Changpeng Zhao, commonly known as CZ, heads up the Binance Crypto exchange digital currency exchange with a $76 Billion daily volume of , and 90 Million customers worldwide (Coinmarketcap).

On Thursday he tweeted that it wasn’t the end of cryptocurrency, but the “beginning of a new chapter”. He likewise posted a screenshot of the prices of , Ethereum (ETH), and Binance Crypto exchange Coin, saying “Just noted today’s cryptocurrency price for future reference”.

CZ may be thinking that with from the collapse and probably still from the likes of Terra (LUNA) Luna, Celsius, 3 Arrows, and the like, still spreading the cryptocurrency ecosystem, cryptocurrency prices today might serve as a reminder of how bad once were.

The Binance Crypto exchange CEO has a lot to think about at present. His exchange is one of the only relatively sure things in the sector right now, and from his recent remarks it can be taken that he feels several and responsibility for what is happening.

On the one hand he is trying to put to rest accusations that Binance Crypto exchange is a “Chinese” company, and on the other hand he is putting together a cryptocurrency rescue fund known as the Web 3.0 Industry Recovery Initiative.

He recently tweeted that Binance Crypto exchange had added another $1 Billion to the , stating that it was all in BUSD. He added that this could be publicly viewed on the blockchain.

The other major initiative being pursued by Binance Crypto exchange is its commitment to Proof of Reserves. CZ has recommended that all cryptocurrency go this route in order to allow customers to see their cryptocurrency holdings. CZ states that this will make the even more transparent than traditional finance.

You need to know:  This post is provided for informational objectives only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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