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Binance Hires Former NBA, Dell Exec to Head Global Strategy Initiatives

Binance has hired a new strategic officer, an executive who worked on business strategy at Dell and the NBA.

Major cryptocurrency exchange and blockchain platform Binance has hired a former strategic executive at Dell and the National Basketball Association as Binance’s global strategy officer, according to a press release shared with Cointelegraph on June 5.

Binance’s new official Strategy Officer, Gin Chao, will reportedly advance the organization’s global strategy, heading initiatives in corporate development, venture investment and its legal departments; Chao’s responsibilities also include finding ways to bridge departments via new hires.

Chao is also reportedly expected to discover business opportunities for Binance partners, as well as to create and manage strategies for areas and projects within the company, such as Binance’s venture capital (VC) arm, Binance Labs, and its fiat-to-crypto gateways.

As recently reported by Cointelegraph, Binance launched Trust Wallet on its decentralized trading platform Binance DEX on June 4. Trust Wallet is an open source, decentralized wallet for ether (ETH) and other cryptocurrencies that also supports decentralized applications. Trust Wallet was initially acquired from its original developers at the end of last June.

Binance is also in the early phases of trialing a stablecoin for the British pound on its native blockchain. Binance CEO Changpeng Zhao (CZ) has commented saying there is only £200 minted of the stablecoin, listed as $BGBP, on Binance Chain so far.

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China's Government Censorship Agency Is Hiring a Crypto Expert

The state-level Chinese government agency responsible for censoring media output in the country may soon have a cryptographer on the payroll – and with expertise in blockchain technology.

The research center of the State Administration of Press – which is directly administrated by the State Council – is looking for a cryptographer who “keeps abreast of the most advanced cryptography applications in areas such as blockchain.”

According to the job description published by the government agency on Tuesday, the ideal candidate would be a technologist with strong skill-set in cryptography algorithm and performance optimization.

Other responsibilities will be researching and developing tools for measuring the security level of different cryptography applications.

Although the job description does not offer any detail around the agency’s plans regarding blockchain, the stated requirement still signals a notable move by the high-level central government agency.

Intriguingly, the job post comes at a time when blockchain is being increasingly used to bypass China’s pervasive web censorship – often dubbed the “Great Firewall” – in an effort to keep censored articles available to the public. Examples include an expose of a firm involved in China’s recent vaccine scandal and an effort by the #metoo movement in the country to not be silenced.

Founded in 1946, the State Administration of Press directly is administrated by the State Council, but reports to the propaganda department of the Chinese Communist Party. It is known for its role as a top censor with the remit of controlling information produced by all types of mass media in China, including TV, radio, newspaper and the internet.

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