And governments around the world are already very adept at tracking it,” said Zhao. Binance CEO Changpeng Zhao said in a tweet that the company estimates the impact of the breach to be between 100 million and 110 million. “Another reason Russia would not want to use crypto is that it is too traceable. Zhao added that using privacy-focused digital currencies such as Monero would not work either because the market capitalisation of Monero is $3bn compared with Russia’s GDP – a measure of economic output – of $1.5tn. A blockchain is a digital, decentralised ledger maintained by a network of computers that registers every crypto transaction and can be scrutinised by anyone. Zhao said the use of blockchain in cryptocurrency transactions meant that crypto assets are “not an effective tool for illicit activities”. Twenty-three terabytes of data containing names, addresses, birthplaces, national IDs, phone numbers, and criminal case information was reportedly stolen from a police station database in Shanghai, China. Zhao denied this applied to Binance, saying it “applies the same sanctions rules as the banks, according to international standards”. Binance CEO Changpeng CZ Zhao sounded the alarm on a massive data leak of one billion Chinese residents that went up for sale on the dark web. The Wall Street Journal reported last week that the US is considering imposing sanctions on Russia’s cryptocurrency market, amid concerns that currencies like bitcoin offer an alternative way, outside the international banking system, to make irreversible cross-border transactions. This percentage applies equally to Russia.” So, there is probably only less than 0.3% of the global net worth in crypto today. Binance Labs invested 3m USD in Terra (the layer 0. Binance did not participate in the 2nd round of Luna’s fund raising nor did we acquire any UST. In his recent thread on Twitter, CZ wrote: First, I need to address falsehoods circulating in crypto Twitter. He dismissed the ongoing rumors but added that Binance Labs had invested in Terra in 2018, a time when UST didn’t exist. CZ outright neglected this and stated that they hadn’t acquired any UST. Of those, most only have a small percentage of their net worth in crypto. Binance CEO Changpeng Zhao has come forward to clear the air regarding the same. Certain rumors were spreading around that Binance had participated in LUNA’s second fundraising round. Binance Earn: A suite of products for users to grow their crypto holdings. Collaborated with over 100 gaming projects, top celebrities, athletes, and influencers.
With a simple and intuitive design, users can access Binance NFT's products and services seamlessly within the Binance app. If we look at the crypto adoption today, there is probably about 3% of the global population with some kind of crypto exposure (ie, owning some crypto). In April 2022, Binance NFT introduced the Mini App feature. “The truth is, crypto is too small for Russia. “Currently, the media and politicians are spending a lot of effort and focus on crypto and sanctions,” he said.
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