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Earlier this week, former Binance chief Changpeng Zhao (CZ) pleaded guilty in a Seattle court to a number of felony charges related to violations of the Bank Secrecy Act, failure to register as a money services business, and failure to maintain an effective anti-money laundering program. As part of CZ’s plea, he has agreed to step down as the exchange’s CEO, pay a $50 million fine, and will be formally sentenced next year. In addition, Binance itself has been ordered to pay a $4.3 billion fine, and the company’s former chief compliance officer Samuel Lim has agreed to pay $1.5 million in civil penalties to the Commodity Futures Trading Commission (CFTC). Binance will also be watched by “an independent compliance monitor.” However, all of this could seemingly have been avoided if only Binance and its people had adhered to CZ’s Principles, the former chief’s well-documented recipe for business success . Read more: Binance bitcoin reserves drop as CZ faces US detainment CZ publ...

Few people can live without a smartphone these days. They’ve become essential for daily life, enabling owners to stay connected with their families, friends, and colleagues and access just about any service or entertainment from any location. Indeed, research by global tech care company Asurion shows that the average American checks their smartphone 96 times a day – about once every ten minutes.  So much smartphone activity poses the question:  What are people looking for when they check their phones?  In many cases, the answer has to do with where they currently are.  You might also like: Flare and FlareDashboard join forces to enhance data transparency Many tasks have something in common, whether it’s getting directions, checking the weather, or finding a bite to eat. They all rely on location-based services to provide the information people need to fulfill those tasks.  Smartphones use a combination of technologies, including real-time ...