Shortly after Binance launched, it was forced to exit the Chinese market after the government issued a ban on crypto exchanges and ICOs. The cryptocurrency exchange’s BNB Chain also powers everything from decentralized exchanges to storage applications. Six years later, Binance supports 600+ tokens in 40+ languages, with thousands of employees within the customer support team. In the early days, Binance had to borrow a customer support team and also had no marketing team. The cryptocurrency exchange was launched two weeks after the funding round, with 5 tokens in 2 languages. What began as a mere dream, has turned into a global platform that provides financial access to more than 140 million people all around the world, and hopefully billions more to come.”ĬZ revealed that in its early days, Binance raised US$15m equivalent in crypto and began its journey as a crypto-to-crypto exchange. “As Binance turns 6, it’s a chance to reflect on our journey together, share some stories and look ahead. CZ Sends Anniversary Message To Binance UsersĬhangpeng Zhao (CZ), the CEO of Binance, sent an anniversary message to the company’s millions of users globally. Binance was launched in 2017 and quickly rose to become the number one cryptocurrency in the world. How exactly the cybercriminals gained access to YouTube accounts is still a mystery.Binance, the world’s leading cryptocurrency exchange, has turned six. YouTube quickly stepped in to help, and DidYouKnowGaming was able to reclaim their account and retrieve the lost recordings. Hackers used the DidYouKnowGaming channel to spread fake XRP investment plans after gaining access to the account. Their goal is to steal digital assets or drain existing tokens from crypto wallets belonging to unwary victims by breaking into such wallets without their knowledge.īack in April of 2023, YouTube was instrumental in the comeback of a channel with 2.4 million subscribers. He specifically highlighted the absence of any associated airdrops, giveaways, or special offers connected to the court ruling.īecause of Ripple’s growing community, fraudsters often pose as the company’s website to spread news of fraudulent giveaways and airdrops. Schwartz warned that numerous fraudsters are capitalizing on the recent positive news to deceive and defraud unsuspecting individuals. However, as the hype surrounding XRP intensifies, Ripple’s Chief Technology Officer, David Schwartz, took to Twitter to caution investors against scammers seeking to exploit the situation. After being buried by regulatory uncertainty, the Ripple ecosystem has seen renewed interest and hope because to this rapid uptick. The token’s value increased from $0.47 to $0.82 in a single day, the largest one-day increase in the last year. The Ripple community has responded with increased vigor to this historic decision, driving up the price of XRP.Ī tremendous rise occurred in XRP after the court verdict on July 13, with its market price increasing by an astounding 70%. The Ripple ecosystem’s native cryptocurrency, XRP, was ruled not to be a security by the United States District Court for the Southern District of New York. Securities and Exchange Commission (SEC) for two years, Ripple Labs just won a major victory in court.
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