Changpeng “CZ” Zhao, CEO of Binance, has issued a warning to the cryptocurrency community on self-custody, claiming that 99% of those who choose to do so will probably lose their cryptocurrency somehow. Self-custody Risk For years, CZ has advocated for…
Binance Co-founder CZ Says Governments Should Regulate Cryptos As Opposed to Fighting them
According to Binance CEO Changpeng Zhao, the adoption of cryptocurrencies will come regardless of how countries choose to respond to them. In his opinion, countries would do well to regulate cryptos as opposed to fighting them. Crypto Regulation Debates Are…
Binance Publishes BTC Proof Of Reserves to Reassure Customers Of Funds Safety
As promised by CZ, the CEO of Binance, the exchange has made public its proof of reserves for Bitcoin. On-chain reserves totaling more than 582,000 BTC—more than 1% of the entire amount of client deposits—back consumer funds. Proof Only Covers…
Vitalik Buterin and Binance’s CZ agree that a Blockchain-based Voting System is Needed
A new Blockchain voting system is desperately needed according Binance CEO CZ and Ethereum CEO Vitalik Buterin. According to these two crypto bigwigs the democratic electoral process in the US needs a Blockchain solution. The need to cut final tally…
Binance Report $40 million Hack!
Binance is reportedly the latest casualty of a crypto heist. Binance- one of the world’s largest crypto-currency exchanges- said hackers stole 7,000 Bitcoins worth about $40 million dollars. This enormous heist according to them was carried out via a single…