Former Binance CEO Changpeng Zhao leaves the presidency of Binance.US, the US-based platform.
Changpeng Zhao, the iconic figure behind cryptocurrency giant Binance, has made the difficult decision to resign as chairman of the board of directors of Binance.US, the US-based platform. The announcement was made on November 28 through an emotional post on Binance.US.
Although the recent $4.3 billion settlement between US authorities, Binance and CZ did not directly involve Binance.US, Zhao chose to further distance himself by resigning from his position. The platform stressed in its statement that it remained outside the aforementioned agreement. CZ will transfer his voting rights through a proxy, removing himself from decision-making at Binance.US.
“We are deeply grateful to CZ for his guidance and advice over the years,” the Binance.US team expressed in a grateful tone. Although CZ has not publicly shared his thoughts on his resignation so far, his latest interaction on X suggests that he is enjoying some “more free time” since stepping down as CEO at Binance.
Arthur Hayes Analyzes Binance Impact: Challenging the Financial System Status Quo
Arthur Hayes, former CEO of BitMEX, sheds light on the meteoric rise and challenges faced by Binance in a detailed post on Substack. According to Hayes, Binance’s explosive growth and unfettered success, outside conventional financial and political controls, prompted crackdowns on the exchange. The recent $4.3 billion settlement, which Binance agreed to pay, has been the focal point of Hayes’ discussion.
In his analysis, Hayes highlights that the CZ global empire has achieved the status of the exchange with the highest trading volume in the six years since its creation in 2017. He also notes that Binance is among the top 10 traditional exchanges by average daily volume, reflecting its growing influence globally.
“Never before have people been able to own a piece of an industrial revolution in less than 10 minutes through desktop and mobile trading applications.” Hayes highlights, underscoring Binance’s fundamental role in democratizing access to the blockchain revolution.
Oxford Quantum Circuits (OQC) Drives the Quantum Revolution with Toshiko and a Million-Dollar Investment from SBI
Oxford Quantum Circuits (OQC), a physics spinout from the prestigious University of Oxford, has excitedly announced the launch of Toshiko. A 32-qubit quantum computing services platform. This milestone is accompanied by a notable Series B financing round of USD 100 million, led by the investment arm of the Japanese group SBI.
The company claims that Toshiko marks a new milestone as the “world’s first quantum computing platform designed specifically for enterprises.” In a strategic collaboration, OQC is working with renowned partners such as Equinix, Nvidia, Amazon Web Service and McKinsey to take quantum computing beyond the laboratory and pave the way to the long-sought “quantum advantage.”
Interactive Brokers Opens the Doors of Cryptocurrency Trading to Investors in Hong Kong in Collaboration with OSL
Interactive Brokers announced the launch of cryptocurrency trading for its clients in Hong Kong. This service is offered in collaboration with OSL, a cryptocurrency exchange that holds the title of being one of the first to obtain a Virtual Asset Service Provider (VASP) License in Hong Kong.
The developers of this initiative expressed that “Interactive Brokers retail investors in Hong Kong now have immediate access to digital asset trading through a unified platform powered by OSL.” It offers them the ability to not only have Bitcoin or Ethereum in their personal accounts. If not also manage stocks, derivatives, currencies and other assets, all from a single platform.
By Leonardo Perez
