“If a large enough number of people in the community values it because it’s cute because they like the meme, then it has value,” the CEO added. Other crypto billionaires on the Forbes list include Sam Bankman-Fried, the Winklevoss twins, Barry Silbert, Fred Ehrsam, Brian Armstrong, Tim Draper, Matthew Roszak, Michael Saylor, Chris Larsen and Jed McCaleb.Ĭhangpeng Zhao said although he doesn’t get Dogecoin, the coin’s performance over the past year shows the power of decentralization. The number of cryptocurrency billionaires has increased in recent years, thanks to the market growing to become a $3 trillion sector. According to Forbes, CZ holds a 30% stake in Binance, with a net worth of $1.9 billion. CZ is Worth Nearly $2 BillionĬhangpeng Zhao is one of the most influential people in the cryptocurrency space, and he is worth nearly $2 billion. The Binance CEO added that he lives a very simple life and intends to give away 90, 95 or 99% of his wealth to charity. I am a decent-sized shareholder in Binance if we ever want to realize the equity value someday.”ĬZ said he doesn’t hold equity in other projects because he doesn’t want any potential conflicts of interest. Personally, I don’t hold any other coins. The other asset I hold, which is the majority of my net worth, is BNB (Binance coin). I spent a little bit of it over time, but I held onto most of it. When quizzed about his investments, CZ said The exchange’s CEO, Changpeng Zhao, recently revealed during an interview with Associated Press that he currently holds bitcoins and Binance Coin (BNB), the native coins of the Binance ecosystem. The exchange processes billions of dollars in transactions daily, making it one of the most important entities in the crypto space. CZ Holds Bitcoin and BNBīinance is roughly four years old, and the cryptocurrency exchange is currently the largest in the world. Responding to Binance’s goodwill gesture, Aptos Labs and Jump Crypto, and some other crypto companies joined the initiative and offered to contribute $50 million to the rescue fund to support crypto industry firms facing liquidity crisis mainly after the FTX collapse.Binance CEO has revealed that he currently holds Bitcoin and Binance Coin and intends to give away most of his wealth to charity. Binance. Shroder is the CEO at Binance.US, where he is focused on building the most successful cryptocurrency and digital asset exchange in the United States. The new allocation was announced by Binance CEO CZ on Friday. Brian Shroder, Binance.US Title: President and Chief Executive Officer. Meanwhile, Binance has added another $1 billion to the rescue fund taking the new corpus to $2 billion. In 2018, Albania’s parliament passed a law recognizing cryptocurrency as a legal tender.Īs for RNS.ID, it is a crypto-project based on Binance’s BNB chain facilitating digital ID in countries and the team had a successful debut in the Republic of Palau.
The Albanian government is taking many steps to foster an environment to expand blockchain and cryptocurrency businesses. PM Edi Rama is proactive in encouraging blockchain and had meetings with Vitalik Buterin, co-founder of Ethereum, to discuss adoption of blockchain technology in Albania. In June, CZ visited Palau to kick off BNB Chain-supported ID NFTs. The Binance CEO hinted the agenda of the visit was about expanding crypto endeavors and stated that “pushing crypto adoption never stops.” They reportedly discussed blockchain and cryptocurrencies.ĬZ shared photos where he is seen with Albania Prime Minister Edi Rama along with the team from RNS.ID, Binance’s sovereignty-backed digital ID platform. Leading Crypto exchange Binance’s CEO Changpeng Zhao’s visit to Albania and meeting with Prime Minister Edi Rama has triggered many speculations.
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