CZ Debunks ‘4 Funny FUDs’ As Rumors Swirl Around Binance
Changpeng Zhao has debunked four narratives that have been circulating on social media within the crypto community in recent days, ranging from a fabricated Polymarket screenshot to claims about Binance “dumping” Bitcoin. He argues that traders were stitching together on-chain observations and clipped quotes into conclusions that weren’t supported by the underlying facts. Former Binance CEO Debunks “FUD” The first rumor centered on an image framed as a Polymarket market showing odds, circulated by several accounts, as high as “79%” that someone would throw something at Zhao’s....
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On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around 10:10 p.m. (ET) Celsius announced that it paused “all withdrawals, swaps, and transfers between accounts.” Celsius Pauses Lending Application’s Operations, Crypto Community Talks About a Possible Insolvency and Liquidations On Sunday....
Are a raft of recent FUD events coincidental, or are global authorities targeting unregulated crypto exchanges? The mood of fear, uncertainty and doubt, otherwise known as FUD, that has gripped some of the largest cryptocurrency exchanges since October heightened last week — and it had nothing to do with the United States presidential election.“Weird Binance fud Friday and weird huobi arrest fud today,” tweeted MyCrypto CEO Taylor Monahan, referring to an Oct. 29 Forbes report that Binance had set up its U.S. unit, Binance.US, as a regulatory decoy and referencing separate rumors that....
Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to the demise of Celsius and Terra Luna could loom. At that time, other well-known companies such as Three Arrows Capital were brought down or, as […]
Cardano founder Charles Hoskinson recently tackled rumors concerning Hydra’s scaling issues in a detailed video update. Hydra, an integral layer-2 scaling solution for the Cardano blockchain, seeks to ramp up the transaction processing ability of the network. It accomplishes this by permitting the opening of multiple heads or channels, facilitating off-chain transactions between participants. Cardano […]
About a month ago, I reported that more than half of Americans have no clue what Bitcoin is. While Bitcoin is becoming more and more popular, people are increasingly starting to learn about the cryptocurrency. However, for the average person, it's still quite confusing. Funny or Die's "WTF is Bitcoin?" video parodies the "What is Bitcoin?" video from We Use Coins, and essentially describes how the average person understands Bitcoin after a few hours or less of research. Click on the image below to see the video (sorry, couldn't get embedding to work for Funny or Die). WTF is Bitcoin? It's....