Revolut, the global neo-bank and fintech company, has made a bold move that surprised many, including Changpeng "CZ" Zhao, former Binance CEO. In a post on X, CZ shared the significant development with his 9.2 million followers.

CZ’s reaction: Surprise and excitement

According to CZ, Revolut, recognized as a financial app, has listed Binance Coin without his prior knowledge.

He expressed excitement at the development because the listing of Binance Coin adds another avenue for users globally to access and trade the coin. This increases liquidity for the coin and allows for more adoption and growth.

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Interestingly, CZ claims he did not know about the listing. This implies that Binance's leadership has remained decentralized and independent of that of its former CEO. It also suggests an organic adoption of BNB due to its utility and possible demand by Revolut users.

Overall, CZ appears genuinely excited about the growth that his company is experiencing, even if he cannot lead Binance again.

Just learned: Revolut listed $BNB.Again, I didn't know about it until a few minutes ago. The community is growing. 😆

— CZ 🔶 BNB (@cz_binance) December 20, 2024

Some users on X reacted to the post and even enlightened CZ about other features of the Revolut app. One user, Guilherme Lage (@ItsEasypop), informed CZ that users can make crypto purchases with Revolut Pay on Binance.

CZ replied, "(I) didn’t know that either."

Revolut’s expanding crypto ecosystem

The engagement and development highlight positive growth for Binance and Revolut in the crypto space.

Interestingly, Revolut dropped hints of its plans tolaunch its own U.S. dollar-backed stablecoin in September. According to the digital investment bank, the aim is to cater to the growing demand for stable digital assets.

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Market watchers hope the listing of Binance Coin on Revolut will be long term, as the company has previously shocked users.

Notably, in mid-2023, Revolut announced the cessation of service support to Cardano, Solana and Polygon. The move at the time affected users in the U.S.

Bitcoin dip-buying interest surges, reaching the highest levels since April 2024.

Key Bitcoin support lies at $92K, resistance at $97.5K, and $100K psychological barrier.

RSI and MACD hint at potential recovery if Bitcoin sustains above $96,000 levels.

Bitcoin’s volatile price has grabbed the attention of traders and analysts, sparking fresh discussions about opportunities to buy on dips. 

As prices have corrected, Binance CEO CZ shared a sardonic remark on social media about Bitcoin’s “crash” from $101,000 to $85,000. He later shared a post suggesting Bitcoin could reach another all-time high (ATH) soon, showing his positive outlook despite market fluctuations.

Wait for the new headline, #bitcoin ATH again, again, again…

— CZ BNB (@cz_binance) December 20, 2024

Investors Eye the Bitcoin Dip

Social media platforms show a rise in discussions about strategically buying the dip. Santiment reports that mentions of Bitcoin and “buying the dip” across platforms like Reddit, Telegram, and 4Chan are at their highest levels since April 2024. 

Read also: Bitcoin Dips and Kiyosaki’s Buying Message Gains Traction

This activity suggests optimism among r…

The post Bitcoin Dip: Is This the Buying Opportunity of 2024? appeared first on Coin Edition.

Revolut has added Binance Coin (BNB) to its platform, expanding its crypto offerings.

Changpeng Zhao (CZ) of Binance expressed his satisfaction with the listing on X.

BNB is currently trading at $640, down by 8% over the past 24 hours.

Revolut, Europe’s largest fintech unicorn with over 40 million users globally, added Binance Coin (BNB) to its platform. BNB is the fifth-biggest cryptocurrency by market cap.

Revolut’s cryptocurrency offerings already include popular assets like Bitcoin (BTC), Ethereum (ETH), and XRP. This addition expands its offerings even more.

Notably, the news was revealed by Changpeng Zhao (CZ), founder of the world’s largest crypto exchange, Binance, who took to X (formerly Twitter) to express his satisfaction with the move. “I just learned that Revolut has listed BNB. I didn’t know about it until a few minutes ago,” CZ said.

Furthermore, Zhao described the development as an indication that the BNB Chain ecosystem is growing.

This new listing improves Revolut’s position in the crypto market, especially because its integrated trading platform, Revolut X, is attracting users.

Revolut Entering Crypto Trading Market

Rev…

The post UK Biggest Fintech Revolut Lists Binance Coin (BNB), CZ Confirms appeared first on Coin Edition.

Looking at the current situation on the cryptocurrency market, one can wonder how everything was "blooming and smelling" three days ago. Back then,Bitcoin (BTC) was trading above $108,000, Ethereum was valued at an arm's length away from $4,000 and Solana failed to collapse 34% from its all-time high.

Few would have thought the situation could change so much by Friday, but there is one person in the crypto market who planted the seed of such an idea.

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We are talking about Changpeng Zhao, or CZ as he is better known in the crypto space, the former head of the world's largest crypto exchange, Binance.

In a tweet dated Dec. 17, CZ stated in one of his tweets that he was waiting for headlines as theprice of Bitcoin dropped from $101,000 to $85,000 and also quite ambitiously asked to "save this tweet." Fast forward three days, and here we are.

Wait for the new headline, #bitcoin ATH again, again, again...

— CZ 🔶 BNB (@cz_binance) December 20, 2024

The concerned crypto public did not fail to call out the former Binance CEO for such predictions, to which he responded with a more bullish post. Zhao stated that we should expect to see more headlines discussingBitcoin hitting an all-time high, and moreover, it will continue "again, and again, and again," according to CZ.

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Zhao mentioned the cyclical nature of the cryptocurrency market earlier. Based on what he said, it was assumed that similar to previous market events, a real bull market could occur in 2025, while this year is more of a recovery phase after a bear market.

Whether CZ's expectations come true or not, and whether Bitcoin will update its all-time high, we will find out in the very near future.

Coinspeaker Revolut Expands Crypto Offering with Binance Chain Support, CZ Surprised by Development

Revolut has expanded its crypto offering by adding Binance Coin BNB $651.9 24h volatility: 7.2% Market cap: $94.67 B Vol. 24h: $3.35 B , giving users more trading options. On his official X page, Binance co-founder and former CEO Changpeng Zhao (CZ) shared that Revolut has started supporting BNB. The former CEO stated in the post that he learned about the development minutes before announcing it on his social media page.

CZ Surprised by Binance Chain Listing, Community Reacts

CZ expressed his surprise, saying he didn’t know about the listing. He then acknowledged that the community is growing. A user also commented that the new development allows users to buy crypto on Revolut and pay Binance, to which CZ replied that he also didn’t know. A crypto commentator with more than 150,000 followers, C4B Freedom, praised the Binance team and CZ for their product.

The user commented that when a product is good, it will surely be well adopted, noting that Binance and CZ have built the strongest products since Satoshi created Bitcoin.

BNB Price Action and New Developments Fuel Growth Potential

The price of BNB has dropped 20% in the last three weeks, with the past three days in the red. However, a broader look at the price action shows that BNB could soon be due for a correction.

The daily chart shows evidence that Binance Coin has been trading within an ascending triangle since the beginning of August. This pattern is characterized by two trendlines: one serves as the base support, keeping the price from declining further, while the other serves as resistance, capping the BNB price increase. The chart suggests that the decline started when the price reached the top of the ascending channel, with the potential target being the channel’s base. Many buyers could be looking at this point as a source of liquidity for a bullish reversal.

BNB has been engaging in various activities that could help spread the word about the project and even increase engagement in its ecosystem. usdx.money recently revealed plans to continue building on the Binance Chain. Additionally, Osprey Funds revealed that it had launched the Osprey BNB Chain Trust. This marks the first US publicly-quoted fund based on BNB, the native token of the BNB Chain ecosystem, offering investors a unique way to gain exposure to the fifth-largest cryptocurrency by market capitalization.

Binance Chain is also building a developer community and helping them scale up their projects through its MVB 9 program. Participants benefit from chats with industry leaders, networking opportunities with other founders, and access to resources that help foster growth.

The various activities surrounding the token could attract more users, boosting the project’s growth and potentially increasing its value. Additionally, the recent PancakeSwap Bridge allows individuals to seamlessly transfer assets to BNB Chain from the PCS platform, further drawing in participants and developers. This could enhance utility and contribute to the long-term value of BNB.

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Revolut Expands Crypto Offering with Binance Chain Support, CZ Surprised by Development

The post Binance Founder CZ Announce Europe’s Largest Company Listed BNB On Its Platform appeared first on Coinpedia Fintech News

Binance founder CZ has announced that Revolut, Europe’s largest unicorn company, has listed BNB on its platform. With a global user base of 40 million, including one-third from the UK, Revolut is a key player in digital banking and cryptocurrency trading. This move significantly boosts BNB’s exposure, as Revolut’s services span foreign exchange, cross-border payments, international remittances, and more. The listing is seen as a huge milestone for both Revolut and Binance, marking a major step in the broader adoption of cryptocurrency. This partnership could open new doors for BNB in global markets, especially among Revolut’s extensive user base.

CZ, the former CEO of Binance, recently met with the King of Bhutan. During their meeting, they discussed a variety of topics, including cryptocurrency. In response to a question about whether he had "shilled bitcoin" to the King, CZ replied, "Of course." As of November 12 (local time), the Bhutanese government holds 12,568 BTC, worth about US$1.03 billion. This makes Bhutan one of the largest holders of bitcoin in the world. CZ's meeting with the King of Bhutan is a sign of the growing interest in cryptocurrency among world leaders. As more and more people learn about the benefits of cryptocurrency, it is likely that we will see more governments investing in it.

Binance's former CEO, CZ, recently met with the King of Bhutan and posted a photo of their meeting on social media. When asked if he discussed Bitcoin with the king, CZ replied affirmatively. As of November 12 (local time), the Bhutanese government holds 12,568 BTC, worth approximately US$1.03 billion. This places Bhutan among the top holders of Bitcoin globally. The country's significant Bitcoin investment has sparked interest in its potential impact on Bhutan's economy and its role in promoting cryptocurrency adoption.

Retail customers of Binance in Australia weren’t shielded by consumer protections for risky derivatives that led to big losses, regulators in the country claimed in a lawsuit Wednesday.

From July 2022 to April 2023, Binance miscategorized over 500 customers on its Australian derivatives exchange as “wholesale clients,” the Australian Securities and Investments Commission said.

This means that these customers did not receive the same protections that smaller-pocketed investors do, including the right to receive disclosure statements as well as access to a dispute resolution system.

The products listed on Binance’s Australian derivatives exchange include futures in Bitcoin, Ether, and BNB, per ASIC’s filed claim. BNB is Binance’s own cryptocurrency.

The crypto exchange paid affected retail customers $8.29 million, which includes aggregate losses as well as fees, according to the lawsuit.

“Our case alleges Binance’s compliance systems were woefully inadequate and exposed more than 500 clients to high-risk, speculative products without the right consumer protections in place,” Sarah Court, the deputy chair of ASIC, said in a statement. “Many of these clients suffered significant financial losses.”

Binance did not immediately respond to a request for comment.

Turning the page

The lawsuit from ASIC isn’t the first complaint a regulator has brought against the world’s top crypto exchange.

In November 2023, Binance agreed to a landmark settlement with the US Department of Justice and other agencies.

It agreed to pay a $4.3 billion fine and pleaded guilty for not following mandatory anti-money laundering and sanctions laws.

As part of the settlement, Changpeng Zhao, the co-founder and former CEO, agreed to step down as Binance’s top executive.

He pleaded guilty to violating banking laws and was sentenced to four months in prison.

Richard Teng, who was Binance’s head of regional markets outside the US, took Zhao’s place as CEO.

A former regulator in Abu Dhabi, Teng has repeatedly emphasised Binance’s focus on compliance, as the exchange has tried to turn the page on its association with lax financial oversight.

“Binance has since taken responsibility for this past chapter and has worked hard to restructure its organization and enhance its regulatory compliance,” a Binance spokesperson previously told DL News.

Under Teng’s leadership, Binance did install a board of directors for the first time, but it has yet to declare where its headquarters is located — a fundamental part of corporate governance.

And the exchange has battled an ongoing court case in Nigeria, where Tigran Gambaryan, a Binance executive, was detained for eight months under money-laundering charges.

Gambaryan was released in October, but Nigeria hasn’t dismissed the charges against his employer.

Ben Weiss is DL News’ Dubai Correspondent. Got a tip? Email him at bweiss@dlnews.com.

Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.S.

In a recent post, CZ shared a headline that showed how a Japanese lawmaker was pushing for the creation of a national strategic Bitcoin (BTC) reserve. He posted the headline along with a sarcastic caption of “probably nothing…” accompanied by a laughing emoji.

The crypto industry figurehead linked the post to a previous one he made in early December with the same caption. The post showed a similar move that happened in Russia, when a lawmaker suggested the creation of a strategic Bitcoin reserve in light of current geopolitical issues.

CZ’s post seemingly hints at a growing global trend, where people are starting to urge their governments to form Bitcoin reserves, ultimately following in America’s footsteps.

https://twitter.com/cz_binance/status/1868118429749899762?s=61&t=Goh7F7TZjoAVMq_tusVLpw

Many X users were quick to comment under CZ’s post, expressing their certainty that Bitcoin domination was evidently happening across the globe after President-elect Donald Trump confirmed his plans to build a Bitcoin reserve.

“Imagine the space race equivalent when countries start buying BTC as a reserve currency,” wrote @Cryptoking on X.

“We love to see progress in the space!” wrote @FEGtoken in another comment.

You might also like: Bitcoin hits $106K, an all-time high fueled by Donald Trump’s intention to do “great with crypto”

On Dec. 11, a Japanese lawmaker — ironically named Satoshi Hamada — submitted questions for the government, asking whether they would consider forming a national Bitcoin reserve.

Hamada directly referred to the U.S. government’s efforts to introduce a strategic Bitcoin reserve in the country, claiming that such a move could add a “tremendous amount of power” to the markets.

“Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?” asked Hamada in his translated submission.

As reported by crypto.news earlier this month, Anton Tkachev, state deputy of Duma, Russia urged the government to consider creating a Bitcoin strategic reserve in the country.

In Tkachev’s proposal, he stated that Bitcoin would not only serve as a currency but also as an alternative asset for storing national funds. He argued that Bitcoin was not impacted by inflation nor cross-border sanctions, unlike the traditional currencies.

Brazil’s Congress joined the race early on in Nov. 26, when Brazilian legislators in the Chamber of Deputies proposed a Bitcoin bill that would limit Brazil’s reserves to approximately $18.5 billion worth of Bitcoin. Regulators also recommended allocating 5% of the nation’s $370 billion treasury to the Bitcoin strategic reserve.

Since the start of his presidential campaign, Trump has vowed to create a national Bitcoin reserve. After his presidential win, Senator Cynthia Lummis reaffirmed Trump’s plans to create a strategic Bitcoin Reserve in the U.S.

A number of states across America have also been inching towards establishing Bitcoin reserve bills, including Texas, Alabama and Pennsylvania among others. The Canadian city of Vancouver also recently jumped on the wagon with councilors voting in favor of Mayor Ken Sim’s “Bitcoin-friendly” motion, which included converting a portion of Vancouver’s current financial reserve.

You might also like: Bitcoin reserve bill introduced in Brazil’s Congress

Changpeng Zhao, CEO of Binance, reminded followers on X of Binance's $500 million investment in Elon Musk's purchase of Twitter. CZ further emphasized Binance's early and outspoken support for Musk's audacious move by commenting Happy to have contributed to the cause after sharing a screenshot of an Investopedia headline. Initial responses to Elon Musk's $44 billion takeover of Twitter in late 2022 were conflicting.

Musk's plan to restructure Twitter and turn it into what he dubbed the everything app caused the traditional press to portray the deal as chaotic and predict the platform's demise. The loss of advertisers, a user exodus and a breakdown in moderation were the fears of critics. Over a year later though the platform — now known as X — has shown itself resilient and disproved earlier doubts.

Happy to have contributed to the cause.https://t.co/HJC51N2ZYU https://t.co/J3vliJO6A0 pic.twitter.com/btA99BQ58Y

— CZ 🔶 BNB (@cz_binance) December 14, 2024

For cryptocurrency discussions, project announcements and updates, Musk's version of X has notably maintained its position as the preferred platform. It continues to be unparalleled in its ability to share information in real time, facilitating communication between cryptocurrency enthusiasts, analysts and leaders. Because X is still a vital tool for interaction in the Web3 and blockchain communities, Binance's investment not only guaranteed a share in the platform but also strengthened its strategic positioning within the cryptocurrency space.

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Additionally, Naval Ravikant's analysis of the Twitter takeover, which he described as the single most consequential act of the last decade, is highlighted in the screenshot. Ravikant highlights Musk's contribution to restoring free speech and reshaping conversation in a media landscape that is polarized.

The cryptocurrency community where decentralization and transparency are fundamental principles has found X appealing due to Musk's goal of establishing it as a forum for free discussion and a range of viewpoints. In retrospect, CZ's intuition and his agreement with Musk's idea of a networked platform that goes beyond conventional social media are both visible in Binance's investment.

Former Binance CEO Changpeng Zhao pointed to increased government adoption of the asset in the next ten years. In an interview, he highlighted its use-case as the future of money to drive massive investment. This will increase the asset’s price as well as the wider crypto sentiment.

Zhao hinted at more strategic Bitcoin reserves for countries to flip negative macro realities. Talks around a Bitcoin reserve in the United States gained momentum in the run-up to the U.S. Elections. With a rising national debt, crypto enthusiasts tip the asset to offset debt and promote finance and cross-border payments. 

A possible US backing could influence other jurisdictions to adopt the top crypto for payments and a reserve. After the U.S. election, the price of Bitcoin hit new milestones, shaking off previous corrections and setting the tone for positive projections.

Trading above $100K, bulls set sights on a higher rally on the back of increased institutional adoption. These inflows to the asset could spike growth coupled with government adoption in the coming decade.

Bitcoin’s Utility Over Gold

Zhao highlighted the advantages Bitcoin (BTC) has over gold amid recent adoption. Bitcoin continues its upward trajectory backed by heavy institutional buys, with bulls projected over-the-top surges for the crypto leader in five years. Gold and Bitcoin are popular as a store of value for varying groups of investors with a decade-long debate on utilities.

In a recent interview, Zhao noted that Bitcoin is more scarce, coupled with new use cases that could fuel its price. Bitcoin is termed digital gold because of its portability and access to a wider adoption net, which users say helps its case against precious metals.

According to him, the scarcity of the asset will drive more investment in the coming years. On the other hand, the world doesn’t know the total supply of gold despite its availability for centuries.

“I think it should be way more than that (a 16 trillion market cap), as you said it has many advantages over gold and gold is not a limited asset, people control the supply of gold by not mining and we don’t know how much they are. With Bitcoin, we know exactly how certain it is and there’s not a whole lot left.” CZ added.

For over a decade, the true identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery. While numerous individuals have beeny speculated to be behind the pseudonym, the truth remains elusive. In this article, we'll delve into the possibilities of four intriguing candidates: Jack Ma, Justin Sun, CZ, and Elon Musk.

#JACKMA
THE ALIBABA CONNECTION
Jack Ma, the co-founder of Alibaba Group, has been speculated to be Satoshi Nakamoto due to his entrepreneurial spirit and technological expertise. With his background in computer science and experience in building successful technology companies, Ma possesses the skills and expertise required to create Bitcoin.

However, there is no direct evidence linking Jack Ma to Satoshi Nakamoto. Ma's focus on e-commerce and fintech, rather than cryptocurrency, also raises questions about his involvement in Bitcoin's creation.

THE TRON CONNECTION
#JustinSun the founder of TRON, has also been speculated to be Satoshi Nakamoto due to his involvement in the cryptocurrency space and his entrepreneurial achievements. With his experience in building and leading successful cryptocurrency projects, Sun demonstrates expertise in blockchain technology and cryptocurrency markets.

However, there is no concrete evidence linking Justin Sun to Satoshi Nakamoto. Sun's focus on building TRON and its ecosystem, rather than Bitcoin, also raises questions about his involvement in Bitcoin's creation.

#CZ
THE BINANCE CONNECTION
Changpeng Zhao (CZ), the CEO of Binance, has been speculated to be Satoshi Nakamoto due to his influence in the cryptocurrency space and his entrepreneurial achievements. With his experience in building and leading Binance, one of the largest cryptocurrency exchanges, CZ demonstrates expertise in cryptocurrency markets and blockchain technology.

However, there is no concrete evidence linking CZ to Satoshi Nakamoto. CZ's focus on building Binance and its ecosystem, rather than Bitcoin, also raises questions about his involvement in Bitcoin's creation.

#ELONMUSK
THE TESLA CONNECTION
Elon Musk, the CEO of Tesla and SpaceX, has been speculated to be Satoshi Nakamoto due to his entrepreneurial spirit and technological expertise. With his background in computer science and experience in building successful technology companies, Musk possesses the skills and expertise required to create Bitcoin.

However, there is no direct evidence linking Elon Musk to Satoshi Nakamoto. Musk's focus on space exploration, electric cars, and renewable energy, rather than cryptocurrency, also raises questions about his involvement in Bitcoin's creation.

THE SATOSHI ENIGMA: A COLLECTIVE EFFORT
As we explore the possibilities of each candidate, it becomes clear that the true identity of Satoshi Nakamoto may never be known. However, this mystery has led to a fascinating phenomenon – the collective effort to build and shape the future of cryptocurrency.
#Write2Earn
In this sense, we are all Satoshi. We are all contributing to the growth and development of the cryptocurrency ecosystem, driven by the principles of decentralization, transparency, and community-driven development.

As we continue to speculate about Satoshi's true identity, let us not forget the power of collective action and the importance of working together to build a better future for cryptocurrency.

THE SEARCH FOR SATOSHI CONTINUES, BUT THE SPIRIT OF SATOSHI LIVES ON THROUGH US ALL.