NFT News Daily TheBittimes.com

Binance CEO Changpeng Zhao announced plans to enhance the security and usability of defi wallet s, acknowledging current weaknesses and committing to future improvements. Binance CEO Changpeng Zhao, commonly referred to as CZ, talked about problems with defi wallet s at Binance Blockchain Week in Turkey. Zhao said they’re not safe enough and they’re tough to use. Zhao’s company has started to tackle these issues with their new web3 wallet , but the Binance head admits there’s much more work to be done. #Binance is now your one app for all things Web3. Our new Web3 Wallet lets you connect DeFi to CeFi in one click. Try it and let us know what you think. https://t.co/OoxJUABjzU pic.twitter.com/rK3ukNCy8l — CZ Binance (@cz_binance) November 8, 2023 You might also like: SEC sues Binance and CZ for securities violations Zhao outlined that Binance aims to make defi wallet s safer and easier to use. Defi has seen quick growth, but faces security is...

Trading volumes on the largest cryptocurrency exchange, Binance, fell from 74% in December 2022 to 50% in October 2023. Traders’ pullback from Binance was especially evident on October 23rd. While Bitcoin was rising, Binance’s market share fell to almost nothing, coinciding with Bitcoin’s rise to $34,000. In contrast, OKX’s market share has exceeded 50%, according to Kaiko. This is quite unusual. Source: The Block Binance personnel changes At least 16 top managers have already left Binance. According to The Block analysts, these personnel changes are just the beginning. Here is the full list of Binance employees who left the company in 2023 despite management positions: Stephanie Cabossioras , the chief executive of Binance France, left her position in October. Jonathan Farnell , the head of the UK branch of Binance, held his position for 2.5 years and vacated it in September. Brian Schroeder , the CEO of Binance.US, left the company in mid-Sept...