Bitcoin city Abu Dhabi Blockchain Adoption Binance Bitcoin city Abu Dhabi

Binance aims to allocate $1 billion for crypto recovery fund

Reading now: 750

Binance intends to allocate $1 billion for a proposed industry recovery fund while its CEO revealed intent in a new bid for assets of bankrupt cryptocurrency lending firm Voyager by its U.S.-based business.Speaking to BloombergTV on Nov.

24, Binance CEO Changpeng Zhao touched on a number of topics in what has been a tumultuous month for the cryptocurrency ecosystem.Chief among them was Binance’s proposed industry recovery fund which is aimed at providing financial support to promising projects in financial distress.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News