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Published 1 year ago

Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis

Summary by Ground News
Bitcoin (BTC) and ethereum (ETH) saw red on Sunday, with ETH revisiting sub-$1,200 before ending the week at $1,219.FTX news updates and contagion fear continued to grip the crypto market on Sunday. Binance CEO CZ announced the launch of an industry recovery fund.

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ReutersReuters

Binance pledges to create crypto industry recovery fund, calls for regulation

Binance chief executive Changpeng Zhao said the cryptocurrency exchange plans to launch a fund to help crypto projects facing a liquidity crisis as the collapse of rival FTX ricochets through the industry.

1 year ago·United Kingdom
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The Straits TimesThe Straits Times

Binance pledges to create crypto industry recovery fund, calls for regulation

The recovery fund will help “reduce further cascading negative effects of FTX”, Zhao Changpeng says. Read more at straitstimes.com.

1 year ago·Singapore
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UOLUOL

Crypto morning: Binance announces recovery fund to alleviate liquidity crisis; Bitcoin (BTC) breathes after falling below US$ 16 thousand

According to Changpeng “CZ” Zhao, Binance plans a fund to help support cryptocurrency projects that face liquidity difficulties

1 year ago·Brazil
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Arab NewsArab News

Binance to form industry recovery fund after FTX collapse: CEO

Mon, 2022-11-14 13:39 RIYADH: Cryptocurrency exchange Binance is urging other industry players to join it in forming a recovery fund to help prevent companies struggling with liquidity from going bust.  Binance CEO Changpeng Zhao issued the call on his Twitter page after cryptocurrency exchange FTX filed for bankruptcy on Friday as customers pulled assets. Zhao insisted that crypto is “not going away” as he called for more backers to pour mon…

1 year ago·Riyadh, Saudi Arabia
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CointelegraphCointelegraph

Binance creates industry recovery fund to help projects struggling with liquidity

Teams who believe they qualify for the fund were instructed to contact Binance Labs.

1 year ago
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TechmemeTechmeme

Binance announces a recovery fund to help “otherwise strong” projects facing a liquidity crisis; Justin Sun says Tron, Huobi, and Poloniex will support Binance

The essential tech news of the moment. Technology's news site of record. Not for dummies.

1 year ago
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