Changpeng “CZ” Zhao’s tenure as the CEO of Binance may be over, but the exchange giant’s loss could be a boon for the decentralized science (DeSci) sector.

In a comment on X (formerly Twitter) on Tuesday, Nov. 28, the former Binance CEO revealed an interest in the rapidly developing sector.

Been reading about biotech, thinking about how to use crypto to accelerate research funding there.

Keep building!

— CZ BNB (@cz_binance) November 27, 2023

In November, Cointelegraph reported a United States Justice Department (DOJ) investigation into Binance concluded with a record $4.3 billion settlement by the exchange. As part of the deal, CZ is required to personally pay $50 million to…

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Babylon has raised $18 million to develop a protocol that lets users put up bitcoin to secure proof-of-stake blockchains.

Polychain Capital and Hack VC led the round, which also drew participation from Framework Ventures, Polygon Ventures, and OKX Ventures.

Bitcoin’s continued price run has coincided with growing dry powder deployment in mining companies. But Babylon’s raise points to investor interest in something beyond funding GPUs: finding new use cases for bitcoin.

Babylon originated in a blockchain lab at Stanford. It spun up a novel way to stake bitcoin as an economic security token on blockchains that use proof-of-stake to reach consensus. Proof-of-stake chains typically use…

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Web3 products and services could benefit from the streamlined user experiences that have been mastered by Web2, according to several industry builders who attended Next Block Expo in Berlin.

Speaking to Cointelegraph at the event, Web3Auth senior cryptography engineer Matthias Geihs said Web3 services continue to be hamstrung by clunky login features and the associated responsibility and technicality of wallet and private key management.

During his presentation, Geihs cited data that suggests 20% of Bitcoin lost by users is a result of poor wallet management. At the same time, many Web3 services suffer significant drop-off rates of potential users at the sign-up stage on their websites and…

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As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, United Arab Emirates, many projects participated in the climate action effort by launching blockchain-powered initiatives.

From Nov. 30 to Dec. 12, diplomats and leaders from across the globe are gathering at Dubai’s Expo City to advance initiatives in climate action. Among those who participated in the event were blockchain projects, which believe that blockchain technology has the power to contribute to the climate action effort.

From trying to transform waste management to tracking carbon emissions using blockchain technology, blockchain projects joined the effort to save the environment as the most…

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German conglomerate Bosch, a major player in sensor manufacturing, has multiple Web3 initiatives underway. The latest is a small device capable of generating data on real world conditions such as weather, light and noise pollution, and seismic activity.

Connected to Web3 rails, it’s part of a growing segment of crypto known as Decentralized physical infrastructure networks (DePIN).

The new device, known as Bosch XDK110 Rapid Prototyping Kit, is a smart sensor that allows users to earn crypto rewards by providing data, without involving a centralized intermediary.

Each device is outfitted with a unique digital identity that enables it to interact with the peaq network, a Polkadot…

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The Official Committee of Unsecured Creditors has written a reply to the FTX 2.0 Customer Ad Hoc Committee, providing insights into the details of its proposed amended reorganization plan. Scheduled for mid-December, this event is expected to reshape the fate of unsecured creditors.

As its bankruptcy proceedings progress, shuttered exchange FTX is preparing to present an updated reorganization plan to the court in mid-December. 

Recognizing differing perspectives on asset valuation and distribution, the Official Committee, in the letter, highlighted the proposed plan’s capacity to maintain a balance among stakeholders’ interests.

However, ongoing activities, including a potential…

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