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Binance Exchange Inaugurates Global Advisory Board under Compliance Drive

by Blockchain NewsSeptember 23, 2022

Binance Exchange, through its Chief Executive Officer, Changpeng Zhao has announced the establishment of its Global Advisory Board (GAB) as it looks to deepen its regulatory compliance in the region where it operates.

The total number of experts in the GAB is 12, including ‘CZ’ himself, as Zhao is popularly called on Social Media. According to CZ, the establishment of the Binance Global Advisory Board is highly needed as the experts will contribute deep insights that can help Binance navigate current economic, political, and social concerns bordering on the exchange’s core business pursuit.

Changpeng Zhao said Binance shares the vision to make money accessible to everyone, and that it is committed to doing this by embracing the right regulations.

“We embrace the responsibility to lead the industry from the front and support regulators as they seek to establish a global regulatory and compliance framework for the industry. The right regulations will foster continued technological innovation,” Changpeng Zhao said, adding that:

“They will preserve crypto’s fundamental value propositions of freedom and empowerment while ensuring the right guardrails are in place that provides consumer protection. The Binance GAB will help us continue to demonstrate to the world exactly what our organization is capable of and set a shining example for the blockchain industry.”

The advisory board members will help chart the way forward for the exchange in light of its vision to be in tandem with the right regulations in its key market.

Composition of the Binance Global Advisory Board

The Binance GAB is composed of members from different parts of the world and is as diversified as possible.

The members include Max Bacus, Former U.S. Ambassador to the People’s Republic of China; Former U.S. Senator Montana; Former Chairman of the Senate Committee on Finance, Bruno Bezard from France, Managing Partner of Cathay Capital; Former Economic Advisor to the French Prime Minister; Former Head of the French Treasury; Former CEO of the French Government Shareholding Agency.

One major highlight of the board is the inclusion of Ibukun Awosika from Nigeria. Awosika served as the first female Chairman of the First Bank of Nigeria, Founder and Member G7 International Task Force for impact investing.

With the establishment of the GAB, Binance hopes to play a more frontline role in pushing for regulatory clarity in the broader digital currency ecosystem.

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Animoca Brands Hires Jared Shaw as New CFO

by Blockchain NewsSeptember 23, 2022

Blockchain venture capital and gaming startup Animoca Brands have added new experts to its executive train, highlighting yet again its readiness to take a frontline leadership role in the industry.

In the latest update, Animoca Brands said it has hired Jared Shaw as its new Chief Financial Officer (CFO). Shaw’s experiences also feature the Gemini exchange, where he held a similar role and was instrumental in helping the crypto exchange chart an ambitious growth.

As the new CFO at Animoca Brands, the company said Shaw will oversee and support the strategic financial direction of Animoca Brands and its more than 380 portfolio companies.

“Jared has a wealth of experience spanning audit, asset management, crypto, and more. He joins us at a time when the finance team is growing rapidly and building strong capabilities,” Evan Auyang, president of Animoca Brands, “Jared brings to us not only relevant experience from leading Gemini’s finance operations, but also extensive business, audit, and asset management experience at Goldman Sachs, Ernst & Young, and Prudential. We believe that Jared’s strong leadership background will help to take Animoca Brands to the next level.”

Animoca Brands is one of the most capitalized companies in the digital currency ecosystem, having topped its liquidity pool with a new $110 million funding received earlier this month, as reported by Blockchain.News.

To properly position its business, Animoca Brands has also hired May Szeto as the Group’s HR Director, Jamii Quoc as the Head of Legal – Commercial and M&A, Samuel Tse as the M&A Director, and Josh Du who will be the new Head of Digital Assets Portfolio.

Buffing up its management team is not a new move for Animoca Brands, as the company made a related pushback in July. At the time, it added Alan Lau as the Chief Business Officer, as well as a host of other industry veterans.

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Tagged : Animoca Brands / CFO / Hiring / Industry Expert / JARED SHAW

Opera to Integrate Elrond Protocol in Web3.0 Push

by Blockchain NewsSeptember 23, 2022

Popular web browser Opera has announced its plans to integrate the Elrond Protocol as it continues to explore new ways to stir its user’s embrace of Web3.0.

In an announcement shared by Elrond, the partnership will see more than 300 million users from the Opera platform gain easy access to the Elrond protocol. The Opera users will be able to buy Elrond’s native assets, including the EGLD token, as well as access more DApps and smart contracts hosted on the network.

“Elrond’s novel approach to consensus and sharding algorithms allows it to achieve remarkable performance while using the least amount of energy possible and without overly relying on high-end hardware,” said Beniamin Mincu, Elrond Network CEO, “We’re excited to be tapping into Opera’s vast userbase to offer them cheaper, faster transactions as well as access to Elrond’s burgeoning dApp ecosystem.”

Opera has always been very big on crypto innovations and currently runs a non-custodial wallet service that hosts mainstream protocols like Bitcoin (BTC) and Ethereum (ETH) among others. The Elrond integration will broaden the platform’s crypto engagement, further solidifying its reach as a browser with one of the most robust ecosystems for digital currencies.

“The seamless integration of Elrond further expands the wide array of crypto-centric services available to Opera Crypto Browser users. Such interoperability is becoming increasingly important for any project aiming to embrace Web3, and we are excited to have another blockchain partner join us on our mission to accelerate the evolution of the internet,” said Susie Batt, Crypto Ecosystem Lead at Opera.

Besides Opera, competitors, including Brave Browser and Mozilla Firefox, also have customized crypto engagements.

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Tagged : Brave Browser / Elrond / Opera / Technology