Get access to our best features

Binance's Zhao flags possible $1 billion for distressed assets

Summary by Ground News
Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported on Thursday, citing an interview with Chief Executive Officer Changpeng Zhao.
Binance's Zhao flags possible $1 billion for distressed assets
8 days ago·New York, United States

News Articles

More Filters
All
Left
Center
Right

Binance to commit $1 bln for crypto recovery initiative

Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector.

8 days ago·United Kingdom
Read Full Article

Binance's Changpeng Zao Flags Possible $1 Billion Fund For Distressed Assets: Report

Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported today.

8 days ago·New Delhi, India
Read Full Article

Binance's Zhao flags possible $1 billion for distressed assets

Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported on Thursday, citing an interview with Chief Executive Officer Changpeng Zhao. Zhao hinted at the possibility of allocating more funds in th

8 days ago·Singapore
Read Full Article

Binance's Zhao flags possible $1 billion for distressed assets

Zhao said Binance US is planning to revive its bid for the assets of Voyager Digital

8 days ago·Dubai, United Arab Emirates
Read Full Article

Binance CEO pledges to form a $1 billion fund to buy distressed assets in the wake of FTX's collapse

The head of Binance said he plans to launch the fund soon given "the industry needs saving now, not in 2023," per Bloomberg.

8 days ago·United States
Read Full Article

Binance’s Zhao Flags Possible $1 Billion for Distressed Assets

Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry, pledging to amass at least $1 billion for buying distressed assets and saying his Binance Holdings Ltd. will make another bid for bankrupt lender Voyager Digital.

8 days ago·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

36% of the sources lean Left, 36% of the sources are Center
NDTV
Business Insider
Bloomberg
Inquirer
Reuters
Channel News Asia
Benzinga
Coin Desk
Gulf News
Al Arabiya
Investor's Business Daily
L 36%
C 37%
R 27%
See less detail