Prashant Jha

CZ first came across Bitcoin in 2013 and was a bit hard by the BTC bug, which led him to sell his house in Shanghai and go all-in. 15957 Total views 94 Total shares Own this piece of crypto history Collect this article as NFT Changpeng “CZ,” Zhao, the founder and CEO of global cryptocurrency exchange Binance, is one of the most influential crypto personalities today, but his story is a true rags-to-riches one. CZ was born in a village in Jiangsu, Shanghai, and his family migrated to Vancouver, Canada, in the 1980s when he was 12. He studied computer science engineering in college and spent the next few years building trading systems for popular exchanges such as the Tokyo Stock Exchange and Bloomberg Tradebook. CZ left his lucrative job in 2005 to start his own venture and moved back to Shanghai. In 2013, after eight years of building his company, CZ finally came across Bitcoin (BTC) — which changed everything for him. The Bitcoin bug bit CZ hard, and he went all-in on the nascent digital currency in 2014, selling his house and buying BTC at an average price of $600 per coin. Bitcoin’s price fell soon after and crashed to $200, but CZ’s belief in the tech helped him hodl through the bear market. After two years, the price jumped back up. CZ started his own crypto venture nearly four years after coming across Bitcoin, launching Binance in July 2017 at the peak of the initial coin offering era. Five years later, Binance is one of the leading global crypto exchanges in terms of daily trading volume. Check out the full story on Cointelegraph’s YouTube channel, and don’t forget to subscribe!

Biography:  https://cointelegraph.com/news/how-cz-built-binance-and-became-the-richest-person-in-crypto

78%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

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The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • > FTX was one of the largest crypto exchanges, valued at $32 billion in January 2022, before collapsing in November later that year. SBF was found guilty of mismanagement of $8 billion in customer funds and multiple other counts of fraud.

Conflicts of Interest

50%

Examples:

No current examples available.

Contradictions

85%

Examples:

  • > Sam Bankman-Fried was convicted of fraud last year.

Deceptions

100%

Examples:

  • FTX founder SBF asks for a 6.5-year sentence, tells prison guards to invest in Solana

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