{"id":447363,"date":"2020-10-22T12:15:45","date_gmt":"2020-10-22T12:15:45","guid":{"rendered":"https:\/\/wncen.com\/?p=447363"},"modified":"2024-06-11T14:07:25","modified_gmt":"2024-06-11T14:07:25","slug":"cz-the-pandemic-situation-has-benefited-the-crypto-industry","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/","title":{"rendered":"CZ: The Pandemic Situation Has Benefited the Crypto Industry"},"content":{"rendered":"<p>Despite the &#8220;<a href=\"https:\/\/wncen.com\/news\/this-one-chart-confirms-crypto-bottomed-during-marchs-black-thursday-crash\/\">Black Thursday<\/a>&#8221; crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth.<\/p>\n<p>The comment came during an <a href=\"https:\/\/fortune.com\/2020\/10\/21\/binance-bitmex-indictment-cryptocurrency-industry\/#teconsent\" rel=\"nofollow\">interview<\/a> with Fortune hosts Jeff Roberts and Jen Wieczner. During the interview, CZ shared his opinion on several issues, including <a href=\"https:\/\/wncen.com\/news\/digital-yuan-trial-goes-live-but-fears-over-dystopian-future-grow-louder\/\">central bank digital currencies<\/a>, the <a href=\"https:\/\/wncen.com\/all\/bitmex-sees-largest-single-hour-bitcoin-outflows-ever-following-cftc-charges\/\">BitMEX saga<\/a>, and regulation.<\/p>\n<p>But most <span class=\"orth\">intriguing<\/span> of all was CZ&#8217;s thoughts on how the panic situation has benefited the crypto industry.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Balancing the Ledger is back! For our return, Binance CEO <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@cz_binance<\/a> \u2014 the most intriguing guy in crypto \u2014 shared his thoughts on China, the pandemic much more w\/<a href=\"https:\/\/twitter.com\/jenwieczner?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@jenwieczner<\/a> and I<a href=\"https:\/\/t.co\/ZSW87fMSt0\" rel=\"nofollow\">https:\/\/t.co\/ZSW87fMSt0<\/a><\/p>\n<p>&mdash; Jeff Roberts (@jeffjohnroberts) <a href=\"https:\/\/twitter.com\/jeffjohnroberts\/status\/41827586?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 21, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Panic Fuelled Market Crash<\/h2>\n<p>Late February to early April 2020 was a period of extreme volatility in both the crypto and legacy markets.<\/p>\n<p>During that time, news of the virus spreading to the western world had triggered fear and panic selling in the markets. This resulted in the most significant points drop in the <a href=\"https:\/\/www.thebalance.com\/fundamentals-of-the-2020-market-crash-4799950\" rel=\"nofollow\">Dow Jones Industrial Average<\/a> history at the time.<\/p>\n<p>However, this was followed by two further record-breaking drops on March 12 and March 16.<\/p>\n<p>Crypto markets didn&#8217;t fare much better. The three weeks from February 24 saw Bitcoin drop a total of 62% from its previous close of $9.9k.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1793\" height=\"871\" class=\"aligncenter wp-image-447369 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?resize=1793%2C871\" alt=\"Bitcoin weekly chart\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=1793 1793w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Dd46iDz8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre>Bitcoin Weekly Chart YTD. Source: <a href=\"https:\/\/uk.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\" rel=\"nofollow\">BTCUSDT on TradingView.com<\/a><\/pre>\n<h2>Crypto Has Benefitted From The Pandemic<\/h2>\n<p>Since then, crypto has bounced back. Moreso, this week, which sees Bitcoin make a new year-to-date high, peaking at $13.2k.<\/p>\n<p>Some analysts attribute this to <a href=\"https:\/\/wncen.com\/news\/bitcoin\/paypals-just-introduced-a-bitcoin-onramp-to-346-million-people\/\">PayPal<\/a> joining the crypto bandwagon. CZ has tweeted a list of tokens that make the cut in the initial stages of their rollout plan.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"lt\" dir=\"ltr\">Paypal \u2764\ufe0f <a href=\"https:\/\/twitter.com\/hashtag\/BUSD?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BUSD<\/a> <a href=\"https:\/\/t.co\/yo4grGgMyT\" rel=\"nofollow\">pic.twitter.com\/yo4grGgMyT<\/a><\/p>\n<p>&mdash; CZ \ud83d\udd36 BNB (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/06202626?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 22, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, in truth, many other factors have been building up to this point, including how the panic situation has framed crypto as a better alternative to fiat.<\/p>\n<p>On that, crypto convert Micheal Saylor, the CEO of MicroStrategy, who was the first public listed firm to buy Bitcoin, said:<\/p>\n<blockquote><p>&#8220;First I have a mega, mega, mega problem, and the problem is I have a lot of cash and I\u2019m watching it melt away\u2026 [On investors] they\u2019re smarter than I am, I\u2019m not joking, I\u2019m being serious, they are smarter than I am. They knew before I knew that cash is trash, and you\u2019re a fool to sit on the cash.&#8221;<\/p><\/blockquote>\n<p>In terms of Binance&#8217;s growth, <a href=\"https:\/\/fortune.com\/2020\/10\/21\/binance-bitmex-indictment-cryptocurrency-industry\/#teconsent\" rel=\"nofollow\">CZ<\/a> spoke about a wave of new buyers coming in over the past half-year or so. He mentioned that during lockdowns, digital platforms, in general, have flourished due to the time people were spending at home.<\/p>\n<blockquote><p>&#8220;we see a lot more users coming in. From web traffic, from the number of users, we&#8217;re now seeing all-time high traffic. It&#8217;s higher than from when Bitcoin was at twenty thousand.&#8221;<\/p><\/blockquote>\n<p>When tied with a growing realization of the fragility of traditional finance, interest in crypto is exploding.<\/p>\n<blockquote><p>&#8220;quantitative easing, printing of money, stimulus packages, all of those things push people more towards crypto. Also, we had DeFi innovation this year. So DeFi really picked up in the summer. And so, all of those thiings help the growth.&#8221;<\/p><\/blockquote>\n<p>While the term mass adoption has somwhat lost its sparkle due to the many false starts, perhaps this time around is different.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the &#8220;Black Thursday&#8221; crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth. The comment came during an interview with Fortune hosts Jeff Roberts and Jen Wieczner. During the interview, CZ shared his opinion on several issues, including central bank digital currencies, the BitMEX saga, and regulation. But most intriguing of all was CZ&#8217;s thoughts on how the panic situation has benefited the crypto industry. Balancing the Ledger is back! For our return, Binance CEO @cz_binance \u2014 the most intriguing guy in crypto \u2014 shared his thoughts on China, the pandemic much more w\/@jenwieczner and Ihttps:\/\/t.co\/ZSW87fMSt0 &mdash; Jeff Roberts (@jeffjohnroberts) October 21, 2020 Panic Fuelled Market Crash Late February to early April 2020 was a period of extreme volatility in both the crypto and legacy markets. During that time, news of the virus spreading to the western world had triggered fear and panic selling in the markets. This resulted in the most significant points drop in the Dow Jones Industrial Average history at the time. However, this was followed by two further record-breaking drops on March 12 and March 16. Crypto markets didn&#8217;t fare much better. The three weeks from February 24 saw Bitcoin drop a total of 62% from its previous close of $9.9k. Bitcoin Weekly Chart YTD. Source: BTCUSDT on TradingView.com Crypto Has Benefitted From The Pandemic Since then, crypto has bounced back. Moreso, this week, which sees Bitcoin make a new year-to-date high, peaking at $13.2k. Some analysts attribute this to PayPal joining the crypto bandwagon. CZ has tweeted a list of tokens that make the cut in the initial stages of their rollout plan. Paypal \u2764\ufe0f #BUSD pic.twitter.com\/yo4grGgMyT &mdash; CZ \ud83d\udd36 BNB (@cz_binance) October 22, 2020 However, in truth, many other factors have been building up to this point, including how the panic situation has framed crypto as a better alternative to fiat. On that, crypto convert Micheal Saylor, the CEO of MicroStrategy, who was the first public listed firm to buy Bitcoin, said: &#8220;First I have a mega, mega, mega problem, and the problem is I have a lot of cash and I\u2019m watching it melt away\u2026 [On investors] they\u2019re smarter than I am, I\u2019m not joking, I\u2019m being serious, they are smarter than I am. They knew before I knew that cash is trash, and you\u2019re a fool to sit on the cash.&#8221; In terms of Binance&#8217;s growth, CZ spoke about a wave of new buyers coming in over the past half-year or so. He mentioned that during lockdowns, digital platforms, in general, have flourished due to the time people were spending at home. &#8220;we see a lot more users coming in. From web traffic, from the number of users, we&#8217;re now seeing all-time high traffic. It&#8217;s higher than from when Bitcoin was at twenty thousand.&#8221; When tied with a growing realization of the fragility of traditional finance, interest in crypto is exploding. &#8220;quantitative easing, printing of money, stimulus packages, all of those things push people more towards crypto. Also, we had DeFi innovation this year. So DeFi really picked up in the summer. And so, all of those thiings help the growth.&#8221; While the term mass adoption has somwhat lost its sparkle due to the many false starts, perhaps this time around is different.<\/p>\n","protected":false},"author":515,"featured_media":447364,"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":[10768,1144,78790,1273,12026,79549],"class_list":["post-447363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-btcusd","tag-btcusdt","tag-changpeng-zhao","tag-mass-adoption","tag-pandemic"],"acf":[],"yoast_head":"\n<title>CZ: The Pandemic Situation Has Benefited the Crypto Industry<\/title>\n<meta name=\"description\" content=\"Despite the &quot;Black Thursday&quot; crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CZ: The Pandemic Situation Has Benefited the Crypto Industry\" \/>\n<meta property=\"og:description\" content=\"Despite the &quot;Black Thursday&quot; crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\" \/>\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=\"2020-10-22T12:15:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:07:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Wan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Wan\" \/>\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:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\"},\"author\":{\"name\":\"Samuel Wan\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/84e11be0bc160291e9d5ed0e20c35f1d\"},\"headline\":\"CZ: The Pandemic Situation Has Benefited the Crypto Industry\",\"datePublished\":\"2020-10-22T12:15:45+00:00\",\"dateModified\":\"2024-06-11T14:07:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\"},\"wordCount\":524,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707\",\"keywords\":[\"Binance\",\"btcusd\",\"BTCUSDT\",\"changpeng zhao\",\"mass adoption\",\"pandemic\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\",\"url\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\",\"name\":\"CZ: The Pandemic Situation Has Benefited the Crypto Industry\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707\",\"datePublished\":\"2020-10-22T12:15:45+00:00\",\"dateModified\":\"2024-06-11T14:07:25+00:00\",\"description\":\"Despite the \\\"Black Thursday\\\" crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707\",\"width\":1000,\"height\":707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CZ: The Pandemic Situation Has Benefited the Crypto Industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/84e11be0bc160291e9d5ed0e20c35f1d\",\"name\":\"Samuel Wan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/82f51d6114bd2ec82799b2104569cc4c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/82f51d6114bd2ec82799b2104569cc4c?s=96&d=mm&r=g\",\"caption\":\"Samuel Wan\"},\"description\":\"Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance \u2014 a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.\",\"url\":\"https:\/\/wncen.com\/author\/swan\/\"}]}<\/script>\n","yoast_head_json":{"title":"CZ: The Pandemic Situation Has Benefited the Crypto Industry","description":"Despite the \"Black Thursday\" crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in","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:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/","og_locale":"en_US","og_type":"article","og_title":"CZ: The Pandemic Situation Has Benefited the Crypto Industry","og_description":"Despite the \"Black Thursday\" crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in","og_url":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-10-22T12:15:45+00:00","article_modified_time":"2024-06-11T14:07:25+00:00","og_image":[{"width":1000,"height":707,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707","type":"image\/jpeg"}],"author":"Samuel Wan","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Wan","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/"},"author":{"name":"Samuel Wan","@id":"https:\/\/wncen.com\/#\/schema\/person\/84e11be0bc160291e9d5ed0e20c35f1d"},"headline":"CZ: The Pandemic Situation Has Benefited the Crypto Industry","datePublished":"2020-10-22T12:15:45+00:00","dateModified":"2024-06-11T14:07:25+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/"},"wordCount":524,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707","keywords":["Binance","btcusd","BTCUSDT","changpeng zhao","mass adoption","pandemic"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/","url":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/","name":"CZ: The Pandemic Situation Has Benefited the Crypto Industry","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707","datePublished":"2020-10-22T12:15:45+00:00","dateModified":"2024-06-11T14:07:25+00:00","description":"Despite the \"Black Thursday\" crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707","width":1000,"height":707},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"CZ: The Pandemic Situation Has Benefited the Crypto Industry"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/84e11be0bc160291e9d5ed0e20c35f1d","name":"Samuel Wan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/82f51d6114bd2ec82799b2104569cc4c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/82f51d6114bd2ec82799b2104569cc4c?s=96&d=mm&r=g","caption":"Samuel Wan"},"description":"Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance \u2014 a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.","url":"https:\/\/wncen.com\/author\/swan\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"CZ: The Pandemic Situation Has Benefited the Crypto Industry","url":"http:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Wan"}],"creator":["Samuel Wan"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","btcusd","btcusdt","changpeng zhao","mass adoption","pandemic"],"dateCreated":"2020-10-22T12:15:45Z","datePublished":"2020-10-22T12:15:45Z","dateModified":"2024-06-11T14:07:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"CZ: The Pandemic Situation Has Benefited the Crypto Industry\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cz-the-pandemic-situation-has-benefited-the-crypto-industry\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Depositphotos_179061572_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Wan\"}],\"creator\":[\"Samuel Wan\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"btcusd\",\"btcusdt\",\"changpeng zhao\",\"mass adoption\",\"pandemic\"],\"dateCreated\":\"2020-10-22T12:15:45Z\",\"datePublished\":\"2020-10-22T12:15:45Z\",\"dateModified\":\"2024-06-11T14:07:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_179061572_s-2019.jpg?fit=1000%2C707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447363"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/515"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=447363"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/447364"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=447363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=447363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=447363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}