Binance CEO Changpeng Zhao became the richest man in the world of cryptocurrencies with a fortune of $ 96 billion, excluding the digital assets he may own.
Zhao is ahead of Indian business tycoon Mukesh Ambani, whose fortune is estimated at $ 92.9 billion, in the Bloomberg rating. However, the head of Binance may have much more fortune, since he owns crypto assets, Gazeta.ru reports.
At the same time, two cryptocurrency creators at once announced their withdrawal from the market in July 2020. Ethereum co-founder Anthony Di Iorio attributed this to fear for his life, while Dogecoin developer Jackson Palmer called the cryptocurrency a hoax.
Recall that the most expensive and popular cryptocurrency is bitcoin. Its cost reached an all-time high on April 14, 2021, reaching $ 64.9 thousand.
Bitcoin is a peer-to-peer payment system that uses the unit of the same name to record transactions. To ensure functioning, cryptographic methods are used. One of the main features of the system is complete decentralization: there is no central administrator or any equivalent. Physically, this currency does not exist, but there are special blockchain registries that keep track of the number of bitcoins and their movement. Cryptocurrency can be used to exchange goods or services from merchants who agree to accept them.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
