Tether USDt

BUSD

Bitcoin

Coin

<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/20933315.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>Following allegations that Binance and its CEO Changpeng Zhao (CZ) have been liquidating Bitcoin (BTC) and BNB at an alarming rate, CZ has <a href="https://twitter.com/cz_binance/status/1668731807242616835">emphatically denied</a> these claims in a tweet. Twitter users @52kskew and @JW100x <a href="https://twitter.com/52kskew/status/1668726427703996418">ignited</a> the online debate with claims that Binance has been swapping out BTC for Tether (USDT) to build reserves, buying BNB aggressively, and then trading BNB for Binance USD (BUSD) in an attempt to dampen BTC volatility.According to these tweets, the final step involved pumping BUSD into BTC to suppress any downside volatility, allowing for an efficient BTC to USDT swap.The conversation caught significant traction, with both tweets alleging this cycle was being used to prevent both BNB and BTC from crashing, effectively serving as a form of market manipulation. @JW100x drew attention to the practice as a "total house of cards," highlighting the potential for market destabilization.<a href="https://u.today/binances-cz-denies-being-wasted-in-fud-inspired-ak-47-skirmish">CZ</a> was quick to address the issue, tweeting that Binance has not sold BTC or BNB. He also added, somewhat cryptically, that the firm still holds a bag of the FTX (FTT) token, a popular digital asset issued by the now-defunct FTX cryptocurrency exchange.<a href="https://u.today/michael-saylor-predicts-bitcoin-dominance-will-double-heres-why">card</a>The denial, however, was met with skepticism from the crypto community, with @52kskew demanding proof and stating that CZ's words weren't sufficient anymore.In the volatile and largely unregulated world of cryptocurrencies, allegations like these could potentially shake market confidence and stir up more regulatory scrutiny in the wake of the U.S. Securities and Exchange Commission's recent lawsuits against Binance and Coinbase.It remains to be seen whether Binance will provide evidence to substantiate CZ's claims, or if these assertions will further cloud the exchange's reputation.

CZ Denies Binance’s Bitcoin and BNB Sales, but Crypto Community Is Doubtful

U_Today

2023년 6월 14일에 게재된 다른 기사

Crypto industry body slams banking restrictions in Australia

Exploring the world of Web 3.0 and Top Level Domains (TLDs)

Ethereum Shows Resilience Amid Market Volatility; Upcoming Federal Rate Decision to Impact

Crypto Casino Bonuses: How to Get the Most out of Your Deposits

Uniswap v4 Announcement Spurs Wintermute Trading’s $3.7M UNI Token Acquisition

Binance Overcomes SEC Pressure, Continues Operations Unimpeded

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!