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Cryptocurrency exchange Binance has fired a slok across the bow ter its ongoing legítimo dispute with US venture renta rock hard Sequoia Haber.
Binance CEO Changpeng Zhao on Monday tweeted that the company, which operates the world’s largest cryptocurrency exchange according to self-reported gegevens, is considering requiring projects to disclose any affiliations with Sequoia when they apply to have their assets listed on the hard’s toneelpodium.
“We may soon require all projects applying to list on Binance to disclose if they have any ongezouten or officieus relationships with Sequoia,” Zhao tweeted, adding straks that “The hard working entrepreneurs are no longer powerless, thanks to crypto!”
Wij may soon require all projects applying to list on Binance to disclose if they have any rechtstreeks or zijdelings relationships with Sequoia.
Zhao did not expound on his cryptic tweet, strafgevangenis did he state outright that the company would discriminate against Sequoia-affiliated projects. Binance did not instantly react to a request for clarification.
However, it’s apparent that relations inbetween the two heavyweights remain tense spil they proceed to litigate a dispute stemming from Sequoia’s failed bid to obtain a minority ownership stake ter the exchange.
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Spil CCN reported, Sequoia’s Chinese wing had last year made an offerande to purchase an 11 procent stake ter Binance ter a overeenkomst that would have valued the rigid at $80 million. Those discussions broke down ter late amid a cryptocurrency market expansión that witnessed the exchange become the world’s largest cryptocurrency trading toneelpodium. Binance zometeen received an offerande from IDG Hacienda which would have ultimately valued the exchange at $1 billion.
Sequoia filed a suit against Zhao ter March, alleging that he violated an exclusivity agreement when he entertained IDG’s opoffering. Zhao denies the allegations.
Last month, Binance announced that the High Court of Hong Kong had dismissed an injunction that the exchange says Sequoia “improperly obtained” last December, adding that the VC rock hard had bot ordered to pay Zhao’s court costs.
At present, Binance has a daily trading volume ter excess of $Two billion, which ranks 2nd among cryptocurrency trading platforms. However, the company – which recently announced a relocation to bitcoin-friendly Malta – usually outpaces its competitors te total volume by a convenient margin.
Sequoia, meantime, has bot among the most active Silicon Valley VC firms ter the cryptocurrency space and is said to have engaged ter funding discussions with cryptocurrency exchanges located via the world.
Featured Pic from Shutterstock.
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