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Changpeng Zhao’s Rollercoaster Year: From Legal Challenges to Surging Wealth

27Dec

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Changpeng Zhao’s Rollercoaster Year: From Legal Challenges to Surging Wealth

Changpeng Zhao, commonly known as CZ, has navigated a tumultuous yet financially rewarding year in 2023, witnessing a remarkable surge in his net worth despite legal challenges and significant changes in his professional roles. As of 2023, CZ has secured the 35th position on the Bloomberg Billionaires Index, experiencing a staggering $24 billion increase in his net worth over the year. This surge is a testament to Zhao's enduring impact on the cryptocurrency industry, solidifying his status as one of its most notable figures. Read Also: XRP Community Divided: Ethical Dilemmas Arise Over Proposed Escrow Burn Zhao's journey in the crypto space began in 2013, with key roles in projects like Blockchain.info and serving as the Chief Technology Officer (CTO) of OKCoin. However, his pivo...

Stepn (GMT) Rallies by 75% Following Massive Market Correction, GALA and MANA Report 60% Gains

As bitcoin and other cryptocurrencies have lost more than 40% of their value in a matter of days, the market faced a so-called capitulation when the selling pressure was mostly satisfied by bulls. With short-term relief, some altcoins show up to 75% returns in the last 24 hours, per CoinMarketCap. Read Also: Cardano, Dogecoin, Shiba Inu Post Double-Digit Gains as Market Rebounds As stated by the main page of CMC suggests, Stephen (GMT) remains the most profitable position on the crypto market in the last 24 hours. Such vigorous growth of the token is most likely tied to the extremely high volatility of the GMT token and the speculative nature of most of its movements. Source: TradingView The average daily volatility of GMT stays at more than 30%, which is consid...

Decentraland’s MANA Rise Into Top 10 Purchased Tokens List

A lot has happened in the crypto world in the past 24 hours. It is mostly not great, but Decentraland's token, $MANA, gets more attractive as it has climbed into the top 10 purchased list due to WhaleStats metrics. Read Also: DOGE Creator Gives Simplest Use Case for Dogecoin Cryptocurrency As stated by the vendor, which tracks the largest Ethereum wallets, the average purchased amount of $MANA in the top 100 wallets is $7,328, which results in a 6,323 average token quantity purchased with the medium price of each at about $1.18. It is worth noting that $MANA hit an all-time low with this market opening at the $1.018 area. Even though Decentraland is one of the most popular Metaverses, which gained rapid popularity during last year's announcement of Facebook's similar product, ...