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CZ Binance Bashes Crypto News Outlet ‘The Block’ for Spreading FUD

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  • Yuri Molchan
    📰 News

    CZ goes at ‘The Block’ crypto media outlet for writing FUD about Binance and for publicly defending their fake news

CZ Binance Bashes Crypto News Outlet ‘The Block’ for Spreading FUD
Cover image via u.today
Contents

Today, the chief executive of the Binance exchange, CZ, commented on the article published by The Block on November 21, in which the author wrote that the Chinese authorities had shut down Binance’s office in Shanghai. The article states:

“Binance’s Shanghai office, which once hosted some of the exchange's top executives, abruptly closed its doors in recent weeks, forcing employees to either work remotely or relocate to Singapore, several sources close to the matter told The Block. 

According to sources, the cryptocurrency exchange’s Shanghai office was recently raided by local police. Sources said many of Binance's executives along with as many as 100 other employees worked at the office.”

CZ criticizes spreading FUD in the crypto sphere

CZ says that Binance did not have an office in Shanghai or anywhere in China, accusing The Block of spreading FUD.

The Block responded that despite the official reaction from CZ, they trust their sources and insist that their report was accurate.

The community is getting angry

This brought a whole wave of indignation against the aforementioned news outlet. Many on Twitter are suggesting blocking The Block (making a pun on the outlet’s name).

Block the Block
Image by Twitter

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Justin Sun, CZ eager to donate to fighting against FUD

CZ suggests that crypto startups when raising funds for their projects, leave some money to fight with FUD spreading. Tron CEO Justin Sun has supported CZ, saying he is prepared to donate 100 BTC for that purpose. CZ says he is willing to donate that much too.

CZ Justin Sun donations against FUD
Image by Twitter

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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