2023-11-25 00:36:50
Although the world’s largest cryptocurrency exchange, Binance will face great changes After the company’s CEO, Changpeng Zhao (CZ), pleaded guilty to criminal charges. and resigned from the position of CEO on Tuesday, November 21st.
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is…
— CZ ???? BNB (@cz_binance) November 21, 2023
His resignation comes as part of a settlement agreement with the US Department of Justice (DOJ) investigation into Binance and CZ for violations of the Bank Secrecy Act. and deliberately circumventing U.S. economic sanctions.
In light of these events, Finbold turned to artificial intelligence (AI) like ChatGPT to ask if these turmoil will affect the price of Binance Coin (BNB) in early 2024.
ChatGPT has stated that at this time we are not able to predict the price of the coin. Because the market right now is uncertain. And there are many factors that will directly affect the price of a coin.
“Given Binance’s recent turmoil, investor confidence may be significantly affected by legal issues involving key individuals within the platform. and may lead to increased volatility and coin selling.”
AI points out that since CZ pleaded guilty and resigned as CEO, BNB prices have dropped significantly. Because the market is responding to the uncertainty that has arisen. including potential regulatory impacts on Binance
“If regulatory concerns persist or if there are continued legal challenges to Binance, it could have a further negative impact on BNB’s price.”
Reference information from CoinMarketCap BNB is currently trading at around $236, down 2.36% over the past 7 days.
Source: Fineball
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