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Search results for Changpeng Zhao

Crypto

Changpeng Zhao says bitcoin will hit $1 million and outstrip gold

Binance founder Changpeng Zhao said bitcoin will reach $1 million sooner than expected and eventually surpass gold\'s market capitalisation. Speaking at the Bitcoin Asia event in Hong Kong, he also said countries that do not adopt bitcoin could fall behind. Bitcoin has risen since last week after reports the U.S. Treasury would at least double buyback operations for liquidity support, weakening the dollar and lifting non-interest-bearing assets.

Crypto

Bitcoin dormant for over 10 years rises to 3.56 million coins, some may be lost

Bitcoin that has not moved for more than 10 years has risen to a record 3.56 million BTC, about 17.7 percent of total supply, amid late-stage mining, according to an on-chain analyst cited by CoinPost. About 14,000 BTC entered the 10-year dormant category in the past 30 days. Binance co-founder Changpeng Zhao estimated 10 to 20 percent of existing Bitcoin may be lost, frozen or unrecoverable, potentially reducing circulating supply further.

Crypto

U.S. OCC conditionally approves World Liberty trust bank charter, opening path to directly manage USD1

The U.S. Office of the Comptroller of the Currency has conditionally approved a national trust bank charter application by World Liberty Financial, a crypto firm linked to the Trump family. The company can operate as World Liberty Trust Company, National Association if it meets regulatory and policy requirements. The move has drawn conflict-of-interest criticism and Democratic pushback, while lawmakers also raise concerns about foreign-linked funding and related transactions.