OKEx Chief Executive Officer Chris Lee resigned, leaving the Hong Kong-based cryptocurrency exchange just as it became the world’s largest by turnover.
Changpeng Zhao, the CEO of digital currency trading platform Binance, said in a blogpost on May 7 that initial coin offerings (ICO) perform far better than venture capital funds (VCs), even with a high risk of failure.
Ethiopia is set to launch a blockchain platform to be used in the agritech industry
Malta has the largest share of crypto trading volumes, while United Kingdom have the highest number of crypto exchanges out of all the countries around the globe, according to a research by Morgan Stanley Bank.
Binance made the plans to set up a global compliance center based in Bermuda which will focus on Blockchain and cryptocurrency regulation and development.
Crypto exchanges are now making more profits than well established banks
According to the statement, Sequoia was seeking an injunction against Zhao which was meant to prevent him from negotiating with the investors.
Binance founder, Zhao Changpeng, runs into a legal dispute with a unit of Sequoia Capital. The legal dispute is offering a rare glimpse into one of the digital-asset industry’s fastest-growing startup.