Binance Eyes A Clear Regulatory Path by Adopting Centralization 

Binance exchange CEO Changpeng Zhao admits to adopting a centralized platform. Working under a centralized crypto exchange paves the way to peaceful coexistence with the regulators. By Zhao's words, Binance needs a clear record of stakeholders, risk controls, and ownership. The news comes after continuous battles with financial regulators from different countries. The Previous Struggles Binance had several regulatory fights in the past. Essentially, concerns came from regulators based in Italy, Singapore, Holland, Japan, and many more. In June 2021, Japan issued…

Binance Smart Chain Emerges As A Serious Competitor to Ethereum

Launched only six months ago, Binance Smart Chain has already managed to overtake Ethereum in the number of transactions processed. Could this be the sign of significant competition for the leading smart contracts network?  Daily Transactions Surges Past Ethereum’s  Binance Smart Chain achieved the feat of processing more daily transactions than Ethereum yesterday. Changpeng Zhao, CEO of Binance, revealed this feat on Twitter, comparing the Smart to Ethereum. “Today is an important day. Binance Smart Chain has overtaken Ethereum in…

Binance CEO, CZ, Views The Current Financial System as Broken

Changpeng Zhao (CZ), the CEO of Binance was quoted saying that the current global financial system is broken. He believes Bitcoin and other crypto are the solution to this global problem. CZ notes the corporate culture which gang presses CEOs to pursue short-term objectives instead of lasting solutions. His blog post views investors as part of the cause,  vaunting CEOs who can push up stock prices and make good profits every quarter. He thinks investors should rather praise their CEO…