Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends
A new era for the crypto industry approaches as the world’s largest exchange, Binance, changes leadership. Yesterday, the company’s founder and CEO,
Read More
Departure
Binance Gets New CEO Following Sudden Departure of Changpeng Zhao (CZ)
New Binance CEO Richard Teng has a rich track record in the financial regulatory environment, having worked in Dubai and Singapore for the past years. After a lengthy fight between the United States government through the Department of Justice (DoJ), and the leading cryptocurrency exchange by registered users and daily traded
Read More
CZ departure, Binance deal lead to purge of $175M of crypto longs
As crypto exchange Binance and the departure of its CEO Changpeng “CZ” Zhao hit the headlines in the last 24 hours, the digital asset space went into a rollercoaster mode that saw the market liquidate close to $175 million for traders betting on long positions.On Nov. 21, developments in Binance
Read More
Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure
Binance has named its head of regional markets outside of the United States, Richard Teng, as its new CEO. The change comes as founder and former CEO Changpeng “CZ” Zhao has resigned and pleaded guilty to charges levied against him by the U.S. Department of Justice. Today, I stepped down as
Read More
OpenAI seeks to diffuse internal tensions after Altman departure: Report
OpenAI executives are trying to smooth out internal discord after the abrupt termination of former CEO and co-founder Sam Altman and others through “intense discussions,” according to a Bloomberg report. An internal memo from OpenAI vice president of global affairs Anna Makanju, as seen on Nov. 20 by Bloomberg, said top
Read More
Microsoft hires Sam Altman, Greg Brockman after departure from OpenAI
Microsoft CEO Satya Nadella posted on X, stating that the company is hiring both former OpenAI CEO Sam Altman and president Greg Brockman.On Nov. 20, Nadella posted that he is “extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead
Read More
Binance Sees Another High-Profile Departure as Former Head of UK Moves On
Binance has suffered a number of high-profile departures in recent months, most recently losing Global Product Lead Mayur Kamat earlier this month. This followed Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price and SVP for Compliance Steven Christie, who all left the company in early July. Source
Read More
Bitstamp’s departure from Canada is ‘timing issue,’ says CEO
Cryptocurrency exchange Bitstamp hopes to return to Canada after halting operations early next year, according to Bitstamp U.S. CEO and global chief commercial officer Bobby Zagotta.Bitstamp will officially discontinue its services to customers in Canada starting from Jan. 8, 2024, the exchange confirmed in a statement to Cointelegraph.As a result
Read More
Binance crypto exchange saw departure of 10 key executives in 2023. Here’s the list
The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives leaving Binance amid growing
Read More
Binance Faces Another Executive Departure as Its Global Head of Product Resigns
Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from
Read More