2018-9-23 18:52 |
Cryptocurrency enthusiasts are no longer only found in limited forums. Cryptos have become mainstream, and millions of people, many of whom are investing for the first time, are participating in the crypto revolution. New celebrity culture has begun where cryptocurrency experts and pioneers are being revered by people as if they were movie stars. A recent example of this culture was witnessed during the Coindesk Conference in Singapore, where the Binance CEO was mobbed.
People Love Binance’s ChiefChangpeng Zhao had just finished his address on stage. As soon as he was leaving the stage, several people mobbed him, and the organizers had to call for security. The news was shared on Twitter by Coindesk Managing Director for Europe and Asia, Wong Joon Ian. He was later quoted by Changpeng Zhao, who wrote on Twitter:
“Today has to be the highest number of selfies I have taken in a single day. Thank you for your support guys!”
Clearly, Zhao was the hero of the conference. The rise of cryptocurrency means there are new entrepreneurs to look up to. Whether it is the general public or a host of developers thrilled by the nuances of blockchain and cryptocurrencies, everyone wants a picture of the new celebrities. The culture, though somewhat questionable, helps to create more awareness of the world of digital currencies to the oblivious world.
What Did Zhao Say at the Conference?Recently the New York State Attorney General in a report spoke about the concerns that regulators have for the crypto market. It states that crypto platforms fall short of providing security to users against manipulation and algorithmic trading. They also fail to keep users’ coins secure from hackers. Based on a voluntary survey of nine exchanges, including Gemini and Coinbase, the regulator signaled toward increased scrutiny.
There were four platforms that did not participate in the survey. Binance was one of them, along with Gate.io, Kraken, and Huobi. They said their reason for not taking part is that they do not permit trading from New York. The regulator, however, said that it had referred Binance, Kraken, and Gateo.io to the Department of Financial Services for violating the state’s cryptocurrency rules.
Zhao, however, did not seem fazed by the action and told attendees of the conference that the exchange had grabbed over $350 million profit in the first half of 2018. It also plans to add 5 to 10 fiat currencies to the platform in the next 12 months, but it would likely not be available to North American users.
Binance CEO Changpeng Zhao Mobbed During a Singapore Conference was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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