Binance CEO sets Hope on Crypto Market despite It falls

Binance CEO, Founder, and Crypto Billionaire Changpeng Zhao showed to the followers his belief that crypto markets undergo the same pattern almost every year
17 June 2018   326

The Binance team seems has never been worried by crypto sell-offs, otherwise known as the developers and associates behind the largest cryptocurrency exchange in the world. Binance CEO Changpeng Zhao, also known as “CZ,” has supported Binance’s belief in the overall markets and believes that this market decrease is just a phase that will overcome. On June 9, 2018 Zhao tweeted that the most recent price decline was simply a repetitive fact that the whole market seems to go through every year. The recent fall in the crypto market seems to be one of the worst in years, worrying many traders and long-term investors. Although a long-range lens, Zhao is seemingly apathetic of the significant capitalization drop.

To the old timers, it’s the same pattern every year. People seem to think BTC price was flat before this year,” the crypto billionaire stated. Just the units on the left [are] different.
Changpeng Zhao,
CEO, Binance, on Twitter 

It`s an interesting fact, that CZ’s claims are actually correct. In 2012 Bitcoin’s price reached at $35 before crashing down to the lower $4 amounts. It would take about 18 months before bitcoin would see $35 again, but once it did, its price lifted once. Consequently, we saw similar patterns of meteoric rise and shockingly devastating slides in almost every case.

Bitcoin’s price of 2012 grew to $35 before crashing back down to the lower $4
Bitcoin’s price of 2012 grew to $35 before crashing back down to the lower $4

Essentially, as price makes outstanding gains, the previous volatility can be easily ignored since the lifts and drops become smaller when looking at a graph. When the graph is analyzed microscopically, nevertheless, it is in fact nowhere near a “steady” upstream trend.

It was previously declared by Changpeng Zhao about his hopeful future of the digital asset atmosphere and excitement especially for the ICO space. Binance and its team members are not becoming victim to the skeptics and incertitude towards the prices in the market, and are really doubling down on their beliefs in the overall market through courageous investments.

Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   125

Fifth in terms of the daily trading volumee exchange ZB.com announced plans to open a representative office in Malta. This is reported by CCN.

Secretary of the Malta Parliament for Digital Innovation and Finance Silvio Schembri said that the opening of ZB.com will be another step in the country's leadership in the blockchain industry.

At first, the Maltese branch of ZB.com will offer customers only cryptocurrency exchange, and subsequently also plans to add support for the currency. ZB.com will be the third exchange in Malta, following the offices of Binance and Bitbay, which offers the exchange of digital currencies for fiat money.

Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
 

Jimmy Zhao

Co-founder, ZB.com

Zhao said that he was invited to Malta by his business partners and met with government officials to discuss the possibility of opening a representative office.

According to CoinMarketCap, the volume of deals on ZB.com for the last 24 hours was areoud $ 267M. The most popular trading pairs on the platform are BTC / USDT, Dash / USDT, Qtum / USDT and ETH / USDT.