FB new hires & Binance donations - TheBit

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FB new hires & Binance donations

Blockchain team, assemble!


The Bit

Facebook is still low-key setting up their blockchain technology development program with two new hires added last week.


The Bigger Picture

1. Evan Cheng: Masters in Computer Science from Syracuse. In 2005 he worked with Apple before joining Facebook in 2016 as a Engineering Director. Now, he’s 100% focused on their blockchain initatives. 2. Kevin Weil: After getting his Masters in Physics from Stanford in 2006, he worked (among several others) Microsoft, Twitter, Instagram, and now Facebook as VP of Product in blockchain. The ad ban on crypto has been lifted, now what’s next?


Bi-Nice or Binance?


The Bit

Binance is always making headlines for something, but it’s usually borderline sketchy, or about their new offices in one of the coolest, most beautiful and crypto-friendly countries – Malta.


The Bigger Picture

Binance CEO Changpeng Zhao tweeted Saturday that the company will “begin” with a donation of $1 million (made in BNB, BTC, or JPY) to victims of the torrential rains, flooding and mudslides happening in Japan. He also encouraged their “crypto partners” to make donations as well. It was only a couple weeks ago that Coinbase launched GiveCrypto, but it looks like Binance is beating them to the punch without even having an establish donation platform. Binance has set up a makeshift donation process for users of the exchange to make donations.


eToro steps up to court U.S. millennial investors


The Bit

Competition between Circle, Robinhood, Square and Coinbase has grown significantly recently, as each platform has added features that blur the lines between each of them.


The Bigger Picture

Back in May eToro gathered up an additional $100 million in funding and announced they would bring their platform to the US, as well as add crypto to their product offerings. They currently have over 10 million registered users in 140 different counties. For reference, Robinhood has around 2 million just in the States. They will be releasing a crypto wallet soon (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Litecoin, Ethereum Classic, Stellar Lumens, NEO), and adding an exchange platform by end of Q4.


“I think [Warren Buffet] knows stock investment and equity investment very well, but I do not think he understands cryptocurrency at all. I still respect… the other parts of his expertise, but I think on cryptocurrency he’s making a big mistake.” – Changpeng Zhao CEO Binance

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