The Business & Tech Briefing: Binance CEO takes heat at Abu Dhabi event after FTX fall
In this weekly newsletter, Greg Cohen rounds up the biggest business and technology stories from the region.
Changpeng Zhao, CEO of the largest infrastructure provider in the global $1 trillion cryptocurrency industry, maintained that crypto is the future, despite FTX filing for bankruptcy last week.
But not everyone attending the second day of the Abu Dhabi Global Market (ADGM) event was buying it. A speaker at the event tweeted about his distrust of Zhao shortly after.
There is increasing skepticism about the reliability of cryptocurrencies and the exchanges that manage them amid the fluctuating market that has caused huge losses among investors and led to a "crypto winter."
Meanwhile, Israel's high-tech industry is going through difficult times. Between March 2022 and the beginning of the current month alone, over 5,700 employees lost their jobs, according to lastartup website, which monitors the Israeli high-tech industry ...
