Changpeng Zhao, widely known as CZ and the founder of Binance, one of the largest cryptocurrency exchanges, has suffered a significant blow to his fortune. According to a recent Bloomberg report,

Binance Founder CZ’s Fortunes Plummet By $12 Billion Amidst Downturn in Crypto Trading

The crypto fortune of Binance co-founder and CEO Changpeng Zhao (CZ) has recorded a drastic crash. CZ's net worth plummeted by over 80%

Binance CEO CZ’s Crypto Empire Dips by Almost $12B While SBF’s Remains at $0

Binance co-founder Changpeng Zhao has seen his fortune slashed by $11.9 billion since January to $17.2 billion, Bloomberg reported.

Binance Co-Founder Changpeng Zhao’s Fortune Plunged $12 Billion Since January As Regulatory Woes Bit

Find out how Binance's market share was impacted after Bloomberg drastically reduced CEO Changpeng Zhao's net worth by $12 billion.

Binance’s Market Share Slips After Bloomberg Slashes CEO “CZ’s” Net Worth By $12 Billion

Binance co-founder and CEO Changpeng Zhao continues to see his fortune slashed after he reportedly lost another $11.9 billion.

Changpeng Zhao Loses Another $12B of His Fortune amid Regulatory Scrutiny

The CEO and co-founder of Binance Changpeng Zhao has taken personal hits from the market with his net worth falling due to low trading volumes.

Changpeng Zhao’s Net Worth Plummets by 82% Amid Binance Regulatory Turmoil

The Bloomberg Billionaires Index slashed its estimate of revenues at crypto exchange Binance by 38% after data showed volumes at the firm declined this year. That wiped $11.9 billion from the fortune of Binance’s founder, Changpeng Zhao, known as CZ, dropping him to $17.2 billion.

Binance founder CZ loses $12 billion on crypto-trading slump

In recent months, the crypto exchange has found itself increasingly isolated from the traditional financial system.

Binance founder CZ loses $12bn on crypto-trading slump

The Bloomberg Billionaires Index determines Binance’s revenue based on spot and derivatives trading data from crypto-tracking services Coingecko and Coinpaprika. The 46-year-old Zhao played a significant role in events surrounding another crypto figure ...

Binance founder, Changpeng Zhao loses $12 billion as Crypto market slumps

The  Billionaires Index slashed its estimate of revenues at crypto exchange Binance by 38% after data showed volumes at the firm declined this year.

Binance founder’s fortune has plummeted by R225 billion in 2023

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Every market has its cycles. Some of them are short, some are long. Gold, silver, precious metals, the real estate market, stocks, bonds - all of these have experienced their fair share of ups and downs. After a pullback, going back up can be a long process - a market cycle can take years. Gold was at its peak in 2011, after that its price was in decline for five years before it slowly began a new market cycle. Now it’s in a visible uptrend. 

Why is the Crypto Market back in Green After Almost Two Years of Pullback?

Nearly 70% of all cryptocurrency volume displayed on CoinMarketCap is fake. At least, that’s according to the research done by Alameda Research. This is a huge problem for anyone trying to determine what cryptocurrencies are popular and define a strategy based on the market data. While the methodology of estimation may vary, the common principle is the same: researchers exclude the shady exchanges that tend to misreport the volume and leave only the more or less reliable ones, such as Binance or Bittrex. 

Fake Volumes & Wash Trades on Exchanges: What should we Believe?

One of the investment mantras we keep hearing from various financial advisors is: “Don’t keep all your eggs in one bucket” which actually means “Always diversify your investment portfolio”. In crypto, it’s harder to implement this advice, because almost every altcoin follows Bitcoin like a dog on a leash. 

How to diversify your Investment Portfolio without leaving your cryptocurrency wallet

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