{"id":519941,"date":"2023-02-16T22:03:47","date_gmt":"2023-02-16T22:03:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=519941"},"modified":"2024-06-11T14:32:34","modified_gmt":"2024-06-11T14:32:34","slug":"how-binance-moved-400-million-to-cz-owned-trading-firm","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/","title":{"rendered":"How Binance Moved $400 Million To CZ Owned Trading Firm"},"content":{"rendered":"

According to a recent report<\/a> from Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US, in 2021. The funds were allegedly sent to a trading firm owned by the crypto exchange\u2019s CEO, Changpeng \u201cCZ\u201d Zhao. <\/strong><\/p>\n

Related Reading: New Upgrade Pushes Cardano Over $0.4, What\u2019s Next?<\/a><\/div>\n

According to the report, the trading firm is called Merit Peak and is supposedly managed by CZ. The firm was incorporated in the British Virgin Islands in 2019 when the firm invested $1 million into the recently created Binance subsidiary Binance.US.<\/p>\n

\"Binance
BNB’s price with small losses on the daily chart. Source: BNBUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Where Are The Binance Funds Coming From?<\/h2>\n

The transactions from Binance.US accounts into Merit Peak began in late 2020, and by 2021 the trading firm received over $400 million. The entities used the crypto-friendly bank Silvergate and its Silvergate Exchange Network (SEN) for the transactions.<\/p>\n

Reuters could not provide a reason for these transactions, but they allegedly established a link between Binance, Merit Peak, two entities run by CZ, and Binance.US. The crypto exchange and its top executives often highlight that the U.S. company operates independently from the international entity, Binance.<\/p>\n

This report attempts to show that this perception is not only false but that these entities are intertwined on a financial level. Catherine Coley, former CEO of Binance.US until 2021, was aware of these transactions and, according to messages reviewed by Reuters, demanded Binance executives for explanations on the \u201cunexpected\u201d transfer.<\/p>\n

Coley also inquired about the origins of the funds, saying \u201cno one mentioned them\u201d to the Binance.US staff. According to the report, the transactions between the entities hint at Binance international having control over the U.S. subsidiary\u2019s finances.<\/p>\n

This status quo goes as far as Binance.US staff having to request access and clearance to approve payments from top Binance finance executives. The U.S. crypto company operates under a technology architecture, Reuters claims, called \u201cBlackBox.\u201d<\/p>\n

The name of this architecture comes from its secretive functionality for Binance.US employees. Thus, Binance could be running its business with a conflict of interest between the exchanges and the trading firm.<\/p>\n

Related Reading: Where\u2019s MATIC Headed After Retesting The $1.30 Price Mark?<\/a><\/div>\n

A Binance.US spokesperson cited by Reuters, Kimberly Soward, denied the report and claimed it is based on \u201coutdated information.\u201d Soward said the following claiming that only Binance.US have access to this exchange\u2019s account:<\/p>\n

Merit Peak is neither trading nor providing any kind of services on the Binance.US platform.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

According to a recent report from Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US, in 2021. The funds were allegedly sent to a trading firm owned by the crypto exchange\u2019s CEO, Changpeng \u201cCZ\u201d Zhao. Related Reading: New Upgrade Pushes Cardano Over $0.4, What\u2019s Next? According to the report, the trading firm is called Merit Peak and is supposedly managed by CZ. The firm was incorporated in the British Virgin Islands in 2019 when the firm invested $1 million into the recently created Binance subsidiary Binance.US. Where Are The Binance Funds Coming From? The transactions from Binance.US accounts into Merit Peak began in late 2020, and by 2021 the trading firm received over $400 million. The entities used the crypto-friendly bank Silvergate and its Silvergate Exchange Network (SEN) for the transactions. Reuters could not provide a reason for these transactions, but they allegedly established a link between Binance, Merit Peak, two entities run by CZ, and Binance.US. The crypto exchange and its top executives often highlight that the U.S. company operates independently from the international entity, Binance. This report attempts to show that this perception is not only false but that these entities are intertwined on a financial level. Catherine Coley, former CEO of Binance.US until 2021, was aware of these transactions and, according to messages reviewed by Reuters, demanded Binance executives for explanations on the \u201cunexpected\u201d transfer. Coley also inquired about the origins of the funds, saying \u201cno one mentioned them\u201d to the Binance.US staff. According to the report, the transactions between the entities hint at Binance international having control over the U.S. subsidiary\u2019s finances. This status quo goes as far as Binance.US staff having to request access and clearance to approve payments from top Binance finance executives. The U.S. crypto company operates under a technology architecture, Reuters claims, called \u201cBlackBox.\u201d The name of this architecture comes from its secretive functionality for Binance.US employees. Thus, Binance could be running its business with a conflict of interest between the exchanges and the trading firm. Related Reading: Where\u2019s MATIC Headed After Retesting The $1.30 Price Mark? A Binance.US spokesperson cited by Reuters, Kimberly Soward, denied the report and claimed it is based on \u201coutdated information.\u201d Soward said the following claiming that only Binance.US have access to this exchange\u2019s account: Merit Peak is neither trading nor providing any kind of services on the Binance.US platform.<\/p>\n","protected":false},"author":535,"featured_media":512696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,11427,79611],"class_list":["post-519941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-bnb","tag-bnbusdt"],"acf":[],"yoast_head":"\nHow Binance Moved $400 Million To CZ Owned Trading Firm<\/title>\n<meta name=\"description\" content=\"According to Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Binance Moved $400 Million To CZ Owned Trading Firm\" \/>\n<meta property=\"og:description\" content=\"According to Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T22:03:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:32:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370\" \/>\n\t<meta property=\"og:image:width\" content=\"765\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"How Binance Moved $400 Million To CZ Owned Trading Firm\",\"datePublished\":\"2023-02-16T22:03:47+00:00\",\"dateModified\":\"2024-06-11T14:32:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\"},\"wordCount\":440,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370\",\"keywords\":[\"Binance\",\"BNB\",\"bnbusdt\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\",\"url\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\",\"name\":\"How Binance Moved $400 Million To CZ Owned Trading Firm\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370\",\"datePublished\":\"2023-02-16T22:03:47+00:00\",\"dateModified\":\"2024-06-11T14:32:34+00:00\",\"description\":\"According to Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370\",\"width\":765,\"height\":370,\"caption\":\"Binance Glassnode Raises Concerns Over Binance PoR Data, Was There Any Mistake?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Binance Moved $400 Million To CZ Owned Trading Firm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/uniquehot.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"How Binance Moved $400 Million To CZ Owned Trading Firm","description":"According to Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/","og_locale":"en_US","og_type":"article","og_title":"How Binance Moved $400 Million To CZ Owned Trading Firm","og_description":"According to Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US.","og_url":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-02-16T22:03:47+00:00","article_modified_time":"2024-06-11T14:32:34+00:00","og_image":[{"width":765,"height":370,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370","type":"image\/png"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"How Binance Moved $400 Million To CZ Owned Trading Firm","datePublished":"2023-02-16T22:03:47+00:00","dateModified":"2024-06-11T14:32:34+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/"},"wordCount":440,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370","keywords":["Binance","BNB","bnbusdt"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/","url":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/","name":"How Binance Moved $400 Million To CZ Owned Trading Firm","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370","datePublished":"2023-02-16T22:03:47+00:00","dateModified":"2024-06-11T14:32:34+00:00","description":"According to Reuters, crypto exchange Binance moved $400 million from a \u201csecret\u201d account linked to its U.S. subsidiary, Binance.US.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370","width":765,"height":370,"caption":"Binance Glassnode Raises Concerns Over Binance PoR Data, Was There Any Mistake?"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"How Binance Moved $400 Million To CZ Owned Trading Firm"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"How Binance Moved $400 Million To CZ Owned Trading Firm","url":"http:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/how-binance-moved-400-million-to-cz-owned-trading-firm\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","bnb","bnbusdt"],"dateCreated":"2023-02-16T22:03:47Z","datePublished":"2023-02-16T22:03:47Z","dateModified":"2024-06-11T14:32:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"How Binance Moved $400 Million To CZ Owned Trading Firm\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-binance-moved-400-million-to-cz-owned-trading-firm\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/how-binance-moved-400-million-to-cz-owned-trading-firm\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Screenshot-2022-12-16-203721.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Screenshot-2022-12-16-203721.png?fit=765%2C370\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"bnb\",\"bnbusdt\"],\"dateCreated\":\"2023-02-16T22:03:47Z\",\"datePublished\":\"2023-02-16T22:03:47Z\",\"dateModified\":\"2024-06-11T14:32:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-16-203721.png?fit=765%2C370","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519941"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=519941"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/512696"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=519941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=519941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=519941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}