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Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
13.3.2023
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following...
Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why
13.3.2023
Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.
In a Monday tweet, Binance CEO Changpeng Zhao said the world's largest cryptocurrency exchange plans to convert...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants
24.11.2022
The initiative was announced Nov. 24 by CEO Chengpang Zhao (CZ) as an effort to “protecting consumers and rebuilding the industry.”