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Learning & News => News related to Crypto => Topic started by: newshunter on December 14, 2022, 01:05:24 AM

Title: Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’
Post by: newshunter on December 14, 2022, 01:05:24 AM
Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’

Bitcoin withdrawals surge as Binance recovers from a media storm and subsequently accusations of suspicious activity.


Source: Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’ (https://cointelegraph.com/news/binance-exchange-daily-btc-withdrawals-top-500m-as-cz-says-fud-helps-us-grow)

Would appreciate your opinion about this
Title: Re: Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’
Post by: Heitor_55 on December 14, 2022, 02:03:30 PM
I don't know how FUD helps them grow, but taking out so much of money from the exchange, makes it a bit suspicious.
Title: Re: Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’
Post by: Senin on December 14, 2022, 02:26:15 PM
The collapse of the FTX exchange caused a decent panic in the cryptocurrency market and a short-term drop in the prices of almost all cryptocurrencies. In addition, negative information has appeared regarding the Binance exchange. Not surprisingly, many cryptocurrency holders on this exchange decided to play it safe and withdraw their bitcoins. After all, the price of bitcoin even now remains quite high. But this phenomenon is temporary. After a while everything will be back to normal.
Title: Re: Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’
Post by: fatcatcoin on December 14, 2022, 03:25:29 PM
about 13-14% has been taken out of binance in the last few days I think it could even be more since my data is one day old...  just a as a reminder with the current fractional reserve banking that happens in normal fiat banks such an exodus would kill fiat banks.
its quite hypocritical that we put crypto exchanges through this but don't demand the same from fiat banks.
and when the crypto exchanges fail we will get slapped with more regulation but where is the regulation for the fractional reserve banking industry??

lets do a bank run on fiat banks.