The CEO of Binance, one of the world’s largest cryptocurrency exchanges, said its U.S. affiliate is considering an initial public offering (IPO) within the next three years. According to The Information, Changpeng ‘CZ’ Zhao said that “Binance.US is just going to do what Coinbase did.”

Christopher Giancarlo, the former chair of the U.S. Commodity Futures Trading Commission (CFTC), is stepping down from the board of BlockFi. Giancarlo, also known as “Crypto Dad” chaired the CFTC from 2017-2019 and joined the BlockFi board just four months ago - before the cease and desist orders were issued.

Dogecoin Foundation demands copycat crypto ‘Dogecoin 2.0’ changes its name. In a letter published on 31st Aug, the Dogecoin Foundation claimed it has enlisted brand protection lawyers to contact Dogecoin 2.0 and “protect the Dogecoin community from being misled and protect the Dogecoin name from possible misuse.”

Top stories in the Crypto Roundup today:

• Changpeng ‘CZ’ Zhao Considers IPO for Binance US
• Former Chair of CFTC Steps Down from Board of BlockFi
• Dogecoin Demands Copycat Crypto ‘Dogecoin 2.0’ Changes Name
• CryptoCompare Guide: How To Stake Solana

Changpeng ‘CZ’ Zhao Considers IPO for Binance US

The CEO of Binance, one of the world’s largest cryptocurrency exchanges, said its U.S. affiliate is considering an initial public offering (IPO) within the next three years. According to The Information, Changpeng ‘CZ’ Zhao said that “Binance.US is just going to do what Coinbase did.”

A spokesperson for Binance confirmed with Coindesk that Zhao has a timeline in mind for the move, though it is dependent on numerous external market factors - the IPO also depends on the business’ growth.

In an interview with CoinDesk, Zhao stated that “if the business can grow consistently over the next three years, then three years should be sufficient for an IPO,” he said. “If there’s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”

Zhao also confirmed that parent company, Binance, currently has no plans to go public.

Former Chair of CFTC Steps Down from Board of BlockFi

Christopher Giancarlo, the former chair of the U.S. Commodity Futures Trading Commission (CFTC), is stepping down from the board of BlockFi. Giancarlo, also known as “Crypto Dad” chaired the CFTC from 2017-2019 and joined the BlockFi board just four months ago - before the cease and desist orders were issued. 

BlockFi released a press release yesterday outlining the fact that Giancarlo would be leaving, he will be replaced by Ellen-Blair Chube. The release noted that Giancarlo "will continue to provide strategic counsel to the firm in an advisory role."

Recently, BlockFi has been the subject of scrutiny for selling what regulators believe to be unregistered securities - with four states ordering it to stop providing its signature BlockFi interest account. 

In a statement, Giancarlo said, "The best is yet to come for BlockFi and I know that as crypto assets take a more prominent role in both retail and institutional investors’ strategies, BlockFi will be there to lead the way."

Dogecoin Demands Copycat Crypto ‘Dogecoin 2.0’ Changes Name

Dogecoin Foundation demands copycat crypto ‘Dogecoin 2.0’ changes its name. In a letter published on the 31st of August, the Dogecoin Foundation claimed it has enlisted brand protection lawyers to contact Dogecoin 2.0 and “protect the Dogecoin community from being misled and to protect the Dogecoin name from possible misuse.”

The recent letter published by the foundation raises concerns about the new project, accusing it of using the Dogecoin brand for reputation and advantage. 

On their website Dogecoin 2.0’s indirectly criticises the original meme-based crypto, stating: “Dogecoin 2.0 aims to offer investors prolonged growth in utilizing a much more sustainable tokenomics structure than its somewhat inflated predecessor.”

Dogecoin 2.0 launched in May on the Binance Smart Chain. It is currently trading at $0.04 after increasing more than 140% in the last day. However, trading volume remains low. 

How to Stake Solana

Solana (SOL) is a decentralized, web-scale blockchain that aims to become “an open, fair, censorship-resistant global marketplace.” It has been dubbed an ‘Ethereum killer’ by various sources due to its scalability which allows it to process up to 50,000 transactions per second (TPS).

The Solana network uses a proof-of-stake consensus mechanism that relies on validators to secure the blockchain. A validator is similar to a Bitcoin or Ethereum miner as they are responsible for processing incoming transactions and can vote to decide on which blocks are appended to the blockchain. Validators play a key role in maintaining and securing the Solana network.

Much like Ethereum, Solana can be staked to help secure the network - rewarding you with staking rewards as an incentive. If you own Solana and would like to learn more about staking it, then read on below!

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