Browsing: Changpeng Zhao

•  A new study analysed billionaires and their earnings to rank the billionaires who got rich the fastest.
• Changpeng Zhao, a co-founder of Binance, got rich the fastest, earning his first billion dollars in only 7 months after the start of the company.
• Jeff Bezos and Mark Zuckerberg made their place in the ranking, both spending 4 years to acquire their first billion dollars.

Experts at EvenBet Gaming have recently conducted a study to rank the billionaires who got rich the fastest. The study considers the years since the company’s founding that brought the first billion.

In addition, the study includes the age when they became billionaires, their education, current net worth, and most recent revenue made by that company.

The original data related to net worth and companies’ revenues was taken from Forbes billionaires’ lists. Changpeng Zhao is a billionaire that got rich the fastest, earning his first billion …

• The situation involving Binance in Nigeria has turned sour due to several events.
• For a few years, the Binance marketplace seemed to work well enough, but in 2023, the Nigerian government ended the naira’s peg to the US dollar as part of sweeping economic reforms.
• In what is now a testament to the sprained relationship between Binance and Nigeria, the authorities filed tax evasion charges against the cryptocurrency exchange.

Binance Under Regulatory Spotlight

Binance’s journey from a small start-up to one of the largest cryptocurrency exchanges globally has been impressive but not a smooth run. The platform’s rapid growth and global expansion brought it under the regulatory spotlight globally.

• In 2021, the NFT market generated more than US$25 billion in trading volume, and 2022 appears to generate more figures than the previous year
• NFTs are digital assets in the form of a digital file, an image, video or audio that a seller uploads to a cryptocurrency exchange platform for people to buy through cryptos
• The KuCoin cryptocurrency trading platform announced on April 19 that it will launch a US$100 million Creators Fund to support early-stage NFT projects

Recently, Changpeng Zhao, the founder of the largest exchange platform, binance, argued that the NFT business is “bonkers”, expressing his disbelief about how successful the NFT market has become.

Changpeng quotes how almost a year ago, an NFT file sold at US$69 million, something the buyers will never even be able to touch physically!

“People may have lost their mind,” Mr Zhao told fortune.

Despite referring to the growing NFT obsession as …