tl;dr
The former CEO and founder of Binance, the world's largest cryptocurrency exchange, stated during the Binance Blockchain Week in Dubai that he has no plans to retake the chief role at the company. He discussed his experience in prison, where he spent four months after pleading guilty to failing to i...
Former Binance CEO, CZ, discussed his post-prison plans and future industry involvement at Binance Blockchain Week in Dubai. He stated he has no plans to retake the chief role at the company and discussed his experience in prison, where he spent four months after pleading guilty to failing to incorporate anti-money laundering rules at Binance. He mentioned plans to focus on other projects, including providing education and investing in the crypto industry, AI, and biotech. He also expressed belief in Bitcoin's growth and a bullish outlook for 2025. The interview initiated with a question about CZ’s prison experience, where he spent four months behind US bars after pleading guilty to failing to incorporate proper anti-money laundering rules at Binance. He stated the overall experience was not good but mentioned making friends and helping some inmates. Speaking about his plea agreement, he refuted rumors that he is banned for life from running a crypto exchange. However, he is not aware whether he will be permitted to resume the CEO role at Binance again. Instead, he plans to focus on other projects, like Giggle Academy, aiming to provide education to over a billion people, and investing in the crypto industry, AI, and biotech. CZ believes bitcoin will continue to grow in the coming months and be at a “pretty good place” in a year. He mentioned that 2025 should be highly bullish for Bitcoin, given its historical performances after each of the previous halvings. This event provides a glimpse into CZ's post-prison plans and the future of the crypto industry, showcasing his determination to contribute to education and technology.
More about United States Steel Corporation
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: Manufacturing
Sub-Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Market Cap: 8,892,748,000
Current Price: $17.26
Price Change: 0.2
Percentage Change: 2.29%
PE Ratio: 75.31
Dividend Yield: 0.034
Shares Outstanding: 1,685,300,000
Revenue: 16,853,000,000
EPS: $41.87
Net Income: -617 million
EBITDA: -178 million