Industry leaders should set strong standards, says Binance CEO Zhou, before regulators do it for them. Following the FTX crypto exchange collapse, Changpeng Zhao, CEO of Binance, has likened the collapse to the financial crash of 2008. Comparing the two is “probably an accurate analogy”, he explained at B20 Indonesia. The crash has already affected other major cryptocurrencies, from Bitcoin, which has dropped close to 2020 levels, to Ether, down 20% in a single week triggering market turmoil.
Cryptocurrency pioneer Diana Biggs joins digital assets startup Valour as its new CEO
Cryptocurrency pioneer and early Bitcoin thought-leader Diana Biggs has joined Swiss-based startup Valour, which lets investors easily buy digital assets through their bank or broker. The move is significant with the news that Tesla has bought $1.5 billion worth of bitcoin, thus massively boosting the mainstream markets for crypto assets. Biggs explored the potential for blockchain technology to help solve humanitarian challenges through her venture, Proof of Purpose, in 2017, and her TEDx speech on Blockchain Technology that year is considered by many in the blockchain space to be one of the best in the genre.