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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

May 19, 2020

Changpeng Zhao, aka CZ, cofounder and CEO of Binance, and I kicked off the Ethereal Virtual Summit with a fun fireside chat! He talked about Binance’s current operations, its plans for the future, and the crypto industry as a whole. He explains: 

  • Why he thought the questions I asked him in our first interview were misleading
  • Whether Libra’s new plans are affecting Binance’s strategy for Venus
  • What impact China’s DCEP will have on crypto
  • Why the confluence of circumstances caused by COVID are a “perfect storm” for crypto, and how this will affect crypto in the long-term
  • Whether the Binance Smart Chain will leech away Ethereum developers and users
  • Why he thinks competition in the industry only grows it
  • How Binance can own CoinMarketCap without affecting its objectivity 
  • What he says to the class-action lawsuit against Binance, him and the other cofounders of Binance accusing them of offering unregistered securities
  • How he views the role of Binance in governance in delegated proof-of-state systems, such as when Binance flip-flopped on a contentious hard fork in Steem
  • Where Binance is headquartered

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Episode links:



My first interview with CZ:

Details on BUSD:

Binance announcement about BUSD: 

BUSD marketshare:

Venus as the One Belt, One Road initiative of Libra: 

Venus focusing on developing countries:

Binance’s acquisition of CoinMarketCap:

125x leverage:

The Block report on BNB’s latest token burn:

Lee et al. vs. Binance:

Estimate that Binance earned $46 million in profit in 2018:

Binance used Steem tokens on its exchange to help vote out Steem validators: 

CZ’s initial tweet about the how Binance handled the Steemit fork:

Binance reverses course:

Binance not authorized to operate in Malta: 

CZ on Binance not being based in Malta and decentralized:

Binance shut down Shanghai offices:

Links to topics we did not have time to cover:

Binance removes all references to Visa from its credit card:

Opening mining pool:

Investment in startups in Africa:

In-browser trading: