Changpeng Zhao denies Binance caused the October cryptocurrency market crash and $19 billion liquidation.
Blockchain News

Binance Founder Changpeng Zhao Blasts ‘Absurd’ Claims Exchange Caused Devastating October Crypto Crash

Global, April 2025: In a firm rebuttal to swirling industry speculation, Binance founder Changpeng Zhao has categorically denied that the world’s largest cryptocurrency exchange was responsible for the severe market downturn last October. Labeling the accusations as “absurd,” Zhao’s statements directly address one of the most significant and debated events in recent crypto history—a $19 […]

The Central Bank of the UAE approves the first USD-pegged stablecoin, USDU, for digital payments.
Blockchain News

UAE Central Bank Stablecoin: The Groundbreaking Approval of USDU Explained

Abu Dhabi, UAE, April 2025: In a landmark decision for the Gulf region’s financial ecosystem, the Central Bank of the United Arab Emirates (CBUAE) has granted official approval for USDU, the nation’s first USD-pegged stablecoin. This pivotal move, first reported by CoinDesk, sanctions the digital currency under the central bank’s newly established Payment Token Service […]