play_arrow

keyboard_arrow_right

skip_previous play_arrow skip_next
00:00 00:00
playlist_play chevron_left
chevron_left
  • play_arrow

    Smart Investor Radio PLAYING NOW

News

Binance’s Zhao Flags Possible $1 Billion for Distressed Crypto Assets

todayNovember 24, 2022

Background
share close


Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry, pledging to amass at least $1 billion for buying distressed assets and saying his Binance Holdings Ltd. will make another bid for bankrupt lender Voyager Digital.

In an interview Thursday with Bloomberg Television’s Haslinda Amin, Zhao provided the most detailed overview yet of the various deals Binance is examining in the wake of rival FTX’s messy collapse. The centerpiece of Zhao’s plan is gathering partners for a fund aimed at backing promising but cash-strapped crypto projects. 



Source link

Written by: smartinvestorradio

Rate it

Previous post

Business

Ford recalls 518K SUVs in US over possible fuel leak, fire risk

Host Stuart Varney dives into the history behind the mass production of American bombers during WWII on ‘American Built.’ The Ford Motor Company is recalling more than 500,000 sport utility vehicles across the United States over fire risks resulting from a possibly cracked fuel injector.  Ford, the second-largest car dealer in the U.S., said that while the likelihood of fires was rare, it was compelled to offer the recall after […]

todayNovember 24, 2022

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

DISCLAIMER

Information presented is for entertainment and general information purposes only. Opinions expressed are those of the presenter only. We make no promises or guarantees of investment performance. None of the information presented here is intended to form the basis for any offer or recommendation or have any regard to investment objectives to the needs of any specific person. Smart Investor Radio is not a broker-dealer, certified financial planner or registered investment adviser.

 

0%