Binance CEO denies he met with UAE investors

Published

2 years ago

November 23, 2022

Ahron Young

The CEO of crypto exchange Binance is dismissing a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund.

According to Bloomberg, CZ and others affiliated with Binance discussed raising cash for its proposed fund.

The aim was to help with potential liquidity issues.

The CEO and his Binance team reportedly met with potential backers associated with the UAE’s National Security Adviser.

The Binance CEO first announced the fund on Nov. 14 following FTX’s “liquidity crunch” and bankruptcy filing.

FTX’s bankruptcy filings suggested the firm owed more than $3 billion, while it had slightly more than $1.2 billion in cash.

Elon Musk is projected to become the world’s first trillionaire

Published

8 hours ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

11 hours ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

Leaders

Trump promises to slap unprecedented tariffs on foreign allies

Published

13 hours ago

September 9, 2024

ticker NEWS

Former President Donald Trump has promised to slap unprecedented Tariffs on foreign allies, including the European Union, if he wins the 2024 presidential election.

Trump pledged to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S.

While he had already said he wanted to cut the corporate tax rate to 15%, he had not previously tied that lower rate to keeping manufacturing inside the country. #featured #trending