Binance Pledges $2 Billion to Save Crypto
crypto Nangako si Binance ng $2 Bilyon para “I-save ang Crypto” 01 / 05 / 2023 Balita ng Ethereum ng Bitcoin Changpeng Zhao – the man behind famed digital currency exchange Binance – has pledged roughly $2 billion to help save the digital currency arena. Binance Is Looking to Save the Crypto Space The crypto space has been failing as of late. Bitcoin, for example, has lost more than 70 percent of its overall value since it reached its new all-time high of about $68,000 per unit in November of 2021. In general, crypto has lost more than $2.2 trillion in valuation, and many companies have either had to file for bankruptcy or have disappeared from the world of trading and digital coins for good. One of the biggest fiascos to emerge from all this hype and drama was FTX, the once-glorified crypto exchange that rose through the ranks to become one of the most prominent digital currency trading companies out there. Beginning in 2019, FTX was only three years old, but was labeled the golden child of the space. This all changed in mid-November when after nakakaranas ng liquidity crunch, the company was forced into bankruptcy rather suddenly, and its head executive (Sam Bankman-Fried) resigned from his