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On November 14, on the official Twitter page of Binance CEO Changpeng Zhao revealed about the creation of a new fund to help revive the blockchain industry after a difficult period.
https://twitter.com/cz_binance/status/1592044496174612482
The CEO of Binance also highlighted the opportunity for potential projects and financial difficulties, which can be helped from the Binance Labs investment fund.
https://twitter.com/cz_binance/status/1592044498921873409
Investors from other industries are also welcome to join the building of the crypto space.
Once again Changpeng Zhao affirmed the position of cryptocurrencies and called on the community to develop together:
“Cryptocurrency is not going away. We are still here. Let’s rebuild.”
Before that, the collapse of FTX had shaken and negatively affected the market. The community is interested in the stories surrounding Binance and FTX, as well as the transparency of exchanges in general.
Following the announcement of the Binance CEO about the upcoming direction for the blockchain industry, investors’ confidence in the market was strengthened. The bitcoin price has subsequently surged 3% to $16,532 at press time.
