TL;DR

• In addition to the CEO’s departure, Binance.US has also cut over 100 positions (that’s a third of its staff in the US!).

• All of this has begun to ​spur the rumor mill​ once again, bringing the trustworthiness of Binance (the main company, not the US arm) and its CEO, Changpeng ‘CZ’ Zhao, into question.

• In response, CZ has said everything is going just fine, Binance has no liquidity issues (i.e. it still has everyones money), and is still launching new products.

Full Story

While Binance.US continues to face job cuts and executive changes, Coinbase continues to move the industry forwards.

Coinbase's ​mission​ is 'to create an open financial system for the world.'

And yesterday, they took another big step towards that.

Don't just hear it from us though, here's what Brian Armstrong (Coinbase's CEO) had to say:

To which our Lord and Savior, Cathie Wood replied:

We've written about the Bitcoin Lightning Network and how it works ​here​, and the Lightning Network plus day-old-pizza, ​here​.

All you really need to know is that the Lightning Network makes BTC transactions way faster, and way cheaper.

With Coinbase integrating this technology into their platform, it will mean, at least for trading BTC, there'll essentially be no risk of 'clogging up the network' (leading to slow transactions or failed transactions) and transactions will be near instant.

Who says we can't make a better financial system using this technology?