ERC20 Official Crypto channel

2022-12-15 18:27:34 Remember... Open / Comment

2022-12-15 18:25:21 Changpeng Zhao: "99% of cryptocurrency users will not be able to store assets on their own"

The CEO of the Binance exchange supports self-custody, but emphasizes that it must be “do the right thing.” During a recent conference, Zhao noted that often users do not pay enough attention to storing wallet keys, which leads to the loss of either keys or assets in addresses.

“For most people, I think 99%, asking to hold assets on their own will result in the loss of cryptocurrencies. Most do not backup and lose devices, others do not pay attention to protecting keys. For example, the user writes the key on a piece of paper, and someone outside gets access to it, and funds are lost,” Zhao said. Open / Comment

2022-12-15 12:22:45 MetaMask users will be able to buy ETH with PayPal

MetaMask users will be able to connect their wallet on the PayPal platform and pay for the purchase of ETH. Initially, only a test group of PayPal customers in the United States will have access to the new functionality. The timing and deployment plans for other regions have not yet been announced.

“Purchasing cryptocurrencies is quite a complex process and there is no general solution for users from different countries. Therefore, we work with several companies to make the investment process easier, easier and safer. Our MetaMask wallet acts as a Web3 portal and authorization management service. We are constantly expanding the functionality of the project to support our users and the entire Web3 ecosystem,” the company said. Open / Comment

2022-12-15 12:19:31 Open / Comment

2022-12-15 12:19:03 Kevin O'Leary: "Binance deliberately killed FTX"

Shark Tank host Kevin O'Leary told the US Congress that he believes FTX failed because Binance intentionally put a competitor out of business.

Former FTX CEO Bankman-Fried told O'Leary that Changpeng Zhao and Binance owned a 20% stake in the exchange. However, instead of development assistance, every time FTX applied for a license from regulators in different jurisdictions, Binance stated that “it will not comply with the requirements of regulators to provide data that will give FTX permission to obtain a license.”

As a result, Bankman-Fried was forced to initiate a deal to buy back FTX shares from the founder of Binance for about $3 billion, which negatively affected the liquidity level of the entire group of companies.

“Binance deliberately forced FTX out of business. Maybe there’s nothing wrong with that… but right now, Binance is a huge unregulated global monopoly,” concluded Kevin O’Leary. Open / Comment

2022-12-15 11:03:24 Good-cheerful morning! The latest crypto rate is here! Open / Comment

2022-12-14 20:38:37 I will tell my grandchildren that it was a crypto exchange Open / Comment

2022-12-14 20:36:20 Changpeng Zhao: "Binance will weather any tough times"

The CEO of Binance exchange has warned his colleagues that due to the bankruptcy of FTX, their trading floor will face difficult times and regulatory scrutiny in the coming months.

Zhao assured his colleagues that these were only temporary complications. According to the head of Binance, the financial position of the exchange is stable, so it will be able to overcome the current problems and survive any crypto winter.

“Be sure that our company is built to last, and any trials will only make us stronger,” Zhao wrote in an address to his subordinates. Open / Comment

2022-12-14 19:09:21 Open / Comment

2022-12-14 17:49:59 Open / Comment