Binance CEO on whether Warren Buffett should invest in crypto

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Yahoo Finance published this video item, entitled “Binance CEO on whether Warren Buffett should invest in crypto” – below is their description.

#shorts #WarrenBuffett #bitcoin

Binance CEO Changpeng Zhao weighs in on whether he thinks Warren Buffett should invest in crypto.

Yahoo Finance YouTube Channel

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In This Story: Binance

Binance is a cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

The company has launched various cryptocurrencie: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 2020. Binance Smart Chain operates using “Proof of Staked Authority”, a combination of proof of stake and proof of authority.

Binance is currently under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021.

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