Mr. Zhao and the end of “borderless” crypto asset companies/Ripple and banks are getting closer[10 carefully selected books to read on the weekend]

Binance has broken the boundaries of traditional companies. Serving traders everywhere around the world, it eventually became the world’s largest crypto exchange. But for a long time, no one knew its location. The very idea of ​​locating a headquarters went against Binance’s identity. We’ve carefully selected what you’ll want to read over the weekend from the columns, analysis articles, and interviews published this week.

Binance’s Zhao and the end of “borderless” crypto companies

November 21st marked the end of an era. Binance CEO Changpeng Zhao has resigned, admitting that he violated US anti-money laundering requirements even though Binance was not an American exchange. With this, the myth of “borderless” crypto assets (virtual currency) companies has truly come to an end. …read more

Can Binance survive a $4.3 billion fine and founder’s resignation?

In August, before it was revealed that the U.S. Department of Justice would indict Binance, federal prosecutors trying to build a case against Binance reported that the indictment caused customers to panic and withdraw their funds en masse. News broke that it could cause panic in the (cryptocurrency) market, spreading the effects to the wider industry, or leading to liquidity shortages. …read more

Metaco acquisition brings Ripple and banks closer together, raising expectations for the XRP army

Metaco, the Swiss-based crypto custody technology provider acquired by blockchain company Ripple earlier this year, is partnering with HSBC, one of the world’s largest banks. The news came as a bright spot for many Ripple supporters, known as the “XRP Army.” …read more

Tokenization and real-world assets (RWA) take center stage

The area of ​​asset tokenization and real-world assets (RWA) has attracted the attention of individual and institutional investors in 2023 due to its successful combination of professionally managed financial products and mechanisms using digital assets. Having advised over 40 clients on their tokenization strategies and issuance of tokenized products, we have seen the following themes emerging in the tokenization market in Q3 2023: …read more

Does World Coin need to be reconsidered? Understanding Sam Altman’s Crypto-AI-UBI experiment

The tech industry is undergoing a major transformation, and crypto assets (virtual currencies) are a part of it. On November 17th, OpenAI co-founder and CEO Sam Altman was reluctantly fired. OpenAI’s board, which was founded as a nonprofit organization and later added a for-profit corporate arm led by Altman, used combative language in announcing the firings. …read more

From the delayed leader to the true leader – Minutes of the Liberal Democratic Party web3PT 2nd “DAO Rulemaking Hackathon”

The second “DAO Rulemaking Hackathon” to discuss the state of laws regarding DAOs (Decentralized Autonomous Organizations) was held on November 22nd at the Liberal Democratic Party Headquarters. This is the second installment of the LDP’s web3PT initiative scheduled for four consecutive weeks. …read more

To what extent are smart contracts necessary for DAOs? – Minutes of the Liberal Democratic Party web3PT 3rd “DAO Rulemaking Hackathon”

Wednesday may be a hot day for those working on DAOs (decentralized autonomous organizations). On November 29th, the third “DAO Rulemaking Hackathon” to discuss the state of DAO-related laws was held in conference room 101 on the first floor of the Liberal Democratic Party headquarters. This is a forum for hearings and discussions from business operators scheduled for four consecutive weeks by the Liberal Democratic Party’s web3PT. …read more

Mr. Buterin publishes a long blog on “Technology Optimism” – Is this the best world? Can it be further improved?

On November 27th, Ethereum creator Vitalik Buterin published a lengthy blog explaining his new philosophy of “techno-optimism.” It’s called “d/acc,” where the “d” stands for decentralization, defense, and differentiation, and “/acc” is an abbreviation for “acceleration” (currently trending on social media). ). …read more

COP28 and Bitcoin: Is it the beginning of a beautiful friendship?

COP28, the annual conference to discuss a global collaborative approach to tackling climate change, will open on the afternoon of November 30, Japan time. This year, the event was held in the United Arab Emirates (UAE), one of the world’s leading oil producing countries.

Already, desperate messages are being heard highlighting the devastating costs of inaction. Leaders of 120 countries will be polishing their speeches, and Pope Francis is also scheduled to appear despite suffering from pneumonia. …read more

Can stablecoins overcome instability?

Stablecoin is a crypto asset (virtual currency) designed to maintain stable value by pegging to an underlying asset such as the US dollar, and is said to be able to provide the flexibility of crypto assets without price volatility. (Editor’s note: Stablecoin in this article is the general definition in the United States, which is different from the legal definition in Japan). …read more

The post Mr. Zhao and the end of “borderless” crypto asset companies/Ripple and banks are getting closer[10 carefully selected books to read on the weekend] appeared first on Our Bitcoin News.