Binance CEO Dismisses Rumors About Bitcoin Sale Amid Market Rumblings

Cryptocurrency gossip spreads fast in the market, and the more people who hear it, the more believers it accumulates. The truthfulness of these rumors doesn’t necessarily matter: in light of recent events, any claim seems “believable.” Binance’s CEO Refutes Claims Changpeng ‘CZ’ Zhao, the CEO of Binance, the world’s largest cryptocurrency exchange by volume, has taken a stand against speculation that the exchange has sold Bitcoin. He responded to these rumors on social media. The day’s hottest crypto gossip was that Binance had sold BTC to keep the BNB price above $220. Large liquidations would begin below this price, leading to massive losses for BNB Coin. This risk made the rumors particularly believable to investors. However, CZ of Binance stated, “We have not sold BTC or BNB. In fact, our FTT Tokens are still intact.” Binance had previously announced that they would not sell FTT during the FTX crash […] The post Binance CEO Dismisses Rumors About Bitcoin Sale Amid Market Rumblings appeared first on COINTURK NEWS.