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Binance has grown more than 200 times in the past 5 years, multiplying its user base to more than 120 million people, supporting an active blockchain with over 2.4 billion transactions, and providing support to users in 18 languages. Needless to say, the platform is a pioneer in the crypto space and constantly strives to bring in growth and innovation sustainably and responsibly.
This year Binance marked 5 years of its operation and opened its doors to users seeking a new crypto trading experience. The platform started with the fundamental vision of bringing financial empowerment to the masses with a simple and trustable marketplace for trading cryptocurrencies.
Its commitment to the ‘user-first’ approach shines through in all its actions and endeavors from Trust Wallet to Binance NFT and Binance Earn. Binance has also introduced many new features over the past year from Auto-Invest to Binance Live, Learn and Earn thereby catering to virtually any interest across the broad spectrum of what blockchain and crypto have to offer.Empowering through education and awareness
While the crypto space has seen an influx in the number of new users, there is an alarming increase in the gap between the number of new users entering the marketplace and the number of users with a sufficient understanding of crypto and blockchain.
Binance Academy, Learn and Earn, and Binance Masterclass has been a crucial part of the Binance ecosystem, educating and helping users in the space make more responsible and informed decisions.Rundown of a range of products
For many, Binance is synonymous with its exchange platform, which allows users to buy cryptocurrencies like BTC, ETH, and more with much ease. Even so, Binance has worked extensively since 2023 on expanding its product offerings. Some of the major highlights and achievements within the Binance ecosystem include:
Binance Pay has seen more than $12 billion in total volume spanning 17 million transactions and 7000+ merchants. It has also recently partnered with Travala, Al-Futtaim, Primavera, and Splyt.
BUSD has established itself as one of the very few fully regulated, licensed, and fiat-backed stablecoins and is the second-largest regulated stablecoin in terms of its market cap.
Binance Earn offers a suite of products for users to grow their crypto holdings. The number of active users on the platform has grown from 3.7 million to 4.9 million between January and June 2023. The number of supported assets has also increased from 183 to 268.
With more than 6000,000+ active users weekly and 1 billion in total trading volume for IGO drops and 3 million gaming NFT listings Binance NFT has grown tremendously. It introduced a Mini App feature in April 2023 giving users a chance to access Binance NFT products and services seamlessly within the app.
In the past 2 years, more than 1.7 million cards have been issued in the EEA region showing signs of strong user demand for the Binance Card. Additionally, the payment volumes have topped $2 billion.
Binance Charity is the charity arm of Binance that has worked on notable campaigns like Code to Inspire, Women in Afghanistan, Crypto against COVID, and Tree Millions. It has more than 5000 total donations, 2,880.352 BTC raised, and 1.8 million beneficiaries.
Building trust with regulation-focused initiatives
Binance has acted as a responsible industry leader in its initiatives and efforts towards compliance with government and regulatory bodies around the world. The platform has proactively engaged with authorities and worked on getting regulatory approvals and registrations in Spain, Dubai, Abu Dhabi, Bahrain, and Italy.
The crypto industry is still in its nascent stage and one of the biggest challenges is addressing the variance in regulatory standards around the world. Binance has worked on evolving and adapting to these standards and comparing and contrasting them to determine what works best. This constructive approach has helped the platform engage with regulators where licenses are available and ignite a conversation where the path to licensing is still not laid.
Web 3 is still new to people around the world and Binance is aiming to be the gateway for users into this universe. This is being done by building connectivity, a connection with users that is simple and customized to their language and culture while also being compliant with their local laws.Binance’s road ahead
Binance sees the current market environment as an opportunity to build a base for the next industry growth phase where Web 3 has massive potential to transform lives. This vision is reflected in the products that they build. The products are secure, user-friendly, and affordable while bringing real and tangible user value.
For more information on Binance please check out their official website.
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Manufacturing execution systems (MES) are the foundation of almost all smart manufacturing, Industry4.0, and digital projects in the 21st century.
Since it is the foundation of Industry 4.0 and smart manufacturing, a manufacturing execution system (MES), is essential. It also offers enhanced cybersecurity.
Like the Industrial Internet of Things, the MES allows for a wide range of capabilities. These include data gathering and analysis to ERP interfaces and production application applications.
This system includes order management, production scheduling, line scheduling, and quality management. Recipe management, performance monitoring, corporate intelligence, rich descriptive analytics, and diagnostic analytics are just some of the many manufacturing applications.How to be Successful with MES
An MES must have several distinctive qualities to make it a success. These are the most important aspects to consider when evaluating MES options.MES Database
A robust database is essential to ensure that the shop floor has all information.
Materials, suppliers, and customers. Procedures, equipment, labor, quality maintenance, deviations, incidents.
It is also important to ensure that the database can hold a variety of data. Some data will include time-series data that is collected from industrial operations frequently.Do not Forget the Historical Component
A historical component is required to handle time-series data in the MES. The MES database should have an object-based relational table for transaction and event data. This will allow shop floor data to be accessed quickly.
The MES database must also have a data lake component or warehouse that allows historical data to be accessed and allows for a variety of analyses using a star schema. The IoT is triumphant of the entire MES system.
Best Online Courses to get highest paid in 2023Property of the MES Database Functionality
Monitoring Performance and Manufacturing
An MES must also offer enterprise manufacturing information and performance monitoring through real-time dashboards or other displays. It must provide historical and current analytics as well as descriptive and diagnostic analytics. All of it is part of the big picture.Scalability
MES should be able to scale to multiple locations for businesses that have hundreds or fewer employees. There should not be any disparity in the capabilities, as even the smallest facilities require a complete solution.
Best Online Courses to get highest paid in 2023Highly Successful MESs must Work in A Variety of Physical Architectures.
Therefore, systems that reside in the production plant no longer exist. The IIoT can perform its function on-site.
It is impossible to create a bespoke MES system. The system should be customizable and based on pre-built templates and apps. It should be easy to customize.
Flexibility in MES
The manufacturing facilities of intelligent manufacturing and Industry4.0 environments are constantly changing.
Permanent equipment moving or adding. Processes can be altered or introduced. These modifications must be handled by the MES. These types of modifications can be managed by MES with enough flexibility. This could be modifications to the database model, plant model, individual apps, dashboards, or analytics.
Top 7 Work Operating Systems of 2023Designers Design MES Systems that Work for Certain Industries and in Certain Ways.
Even though certain industries (e.g. pharmaceutical industries) may have specific needs, a successful MES must be able to meet these requirements. Alternative manufacturing processes must be adopted by production businesses in Industry 4.0.
Your MES should be comprehensive and be able to perform all tasks. It must also be scalable to make it an Industry 4.0 solution.
It must be strong enough for all manufacturing tasks, while also being able to configure across the board. It should offer significant capabilities and benefits while being extremely adaptable to changes in the production environment.
Your MES must also be able to handle a wide range of distributed architectures that are all cloud-based. The MES provides a solid foundation for growth.
Ask prospective vendors to determine if the system can meet your requirements.
The MES is the foundation of the fourth industrial revolution. It is also the foundation for nearly every smart manufacturing, Industry4.0, and digital transformation project.
Two of the world’s largest cryptocurrency exchanges, Binance and FTX, recently announced limits on high-risk leverage trading on their platforms. Both companies cited consumer protection as the motive behind these restrictions.
The world’s largest crypto exchange, Binance, had announced earlier on 19 July that they were introducing a 20x leverage limit for new users. Now, as per a tweet by CEO Changpeng Zhao on Sunday, Binance Futures was preparing to apply the same limit for existing users soon.
.@binance futures started limiting new users to max 20x leverage last Monday, Jul 19th, 7 days ago. (We didn’t want to make this a thingy).
In the interest of Consumer Protection, we will apply this to existing users progressively over the next few weeks.
Stay #SAFU. 🙏
— CZ 🔶 Binance (@cz_binance) July 26, 2023
The futures trading platform, which was launched in 2023, had initially allowed investors to open leverage positions at a maximum limit of 20 times their investment. Only two months back, Binance Futures had announced that it will support BTC/USDT contracts for up to 125x margin, meaning that an investment of $100 could turn into a bet for $12,500.
The crypto billionaire cited the exchange’s efforts to “encourage responsible trading” as the reason behind this move. He elaborated on how even though leveraged trading was not a significant part of the exchange’s overall volume, it caused significant troubles with regard to volatility. Estimating that the average open margin position on FTX is leveraged by roughly 2x, he stated:
“We also don’t think it’s an important part of the crypto ecosystem, and in some cases, it’s not a healthy part of it… Again, this will hit a tiny fraction of activity on the platform, and while many users have expressed that they like having the option, very few use it. And it’s time, we think, to move on from it.”
Binance’s association with this high-risk trading is one of the main reasons behind regulators around the world issuing warnings. Since June, the exchange faced increased scrutiny from financial regulators in the US, Britain, the Cayman Islands, Hong Kong, Lithuania, Italy, Poland, and Thailand among others. Most of them have been critical of its high-leverage derivatives offerings. Amidst increasing regulatory scrutiny, Binance had also discontinued earlier this month, a new product line introduced this year, which offered stock tokens for companies like Tesla and Apple.
Another crypto exchange, Huobi global had made a similar move in mid-June limiting derivatives trading for its new and existing users. The exchange had dropped its allowable leverage from 125x to less than 5x citing the hostile regulatory environment in China.
While community reactions regarding these moves were mostly positive, some argued that the margin should be reduced further as the current limits continued to remain high risk. Nevertheless, users on Twitter appeared joyous about the announcements, while shunning high-risk trading as a bane to the crypto space.
Popular crypto analyst DonAlt expressed his respect for the move, tweeting:
Respect the hell out of that
No one needs a leverage casino, even the ones that think they do don’t.
— DonAlt (@CryptoDonAlt) July 25, 2023
Another analyst by the handle of Dark Crypto Lady thanked CZ for the move:
Thank you sir, this is a right thing to do because in my humble opinion, too many retail traders have no idea how leverage work and they often get rekt’d without understanding why.
Binance might take a small hit in the short run, but this is a win for everyone in the long run!
— 💎🙌🚀 Dark Crypto Lady 💎🙌🚀 (@DarkCryptoLord) July 26, 2023
Lastly, Anthony Pompliano made a prediction about other exchanges following suit, one of which unsurprisingly came true after Binance’s announcement.
FTX has decided to remove all leverage over 20x from their platform.
— Pomp 🌪 (@APompliano) July 25, 2023
MLK’s “I Have a Dream” Speech—50 Years Later Watershed moment in civil rights movement recalled
All week long, Americans are commemorating the anniversary of one of the most influential speeches in history, a speech that set the stage for sweeping changes in American society—and a speech given by a BU alum.
It was 50 years ago today when 250,000 people converged on the nation’s capital to take part in the March on Washington for Jobs and Freedom. Their goal was to push for full civil and economic rights for African Americans. People arrived by bus and by car, by train and by plane, many traveling for days—and at great personal risk—to be part of what would be the largest peaceful demonstration in US history.
Despite fears that the crowd might turn violent (the Pentagon had 19,000 troops on hand in the suburbs, and in anticipation of casualties, area hospitals canceled elective surgeries for the day), the huge throng remained orderly as participants marched from the Washington Monument to the steps of the Lincoln Memorial. There they listened as civil rights and religious leaders called for passage of civil rights legislation, an immediate end to school segregation, and the implementation of a $2-an-hour minimum wage.
Today, most of the day’s speeches have been forgotten, but one—the last of the day—affected the course of history.
When Martin Luther King, Jr. (GRS’55, Hon.’59) rose to stand before the bank of microphones, few could have imagined that the words he was about to speak would resonate five decades later. King, the president of the Southern Christian Leadership Conference, reportedly did not know until the day before what he would include in his speech. He began by recalling that 100 years earlier, President Abraham Lincoln had signed the Emancipation Proclamation, and he reminded the crowd, and the millions of Americans listening on radio and watching on television (all three networks carried the proceedings live), that the country’s founding fathers had based the Declaration of Independence on the premise that all men have the unalienable rights of life, liberty, and the pursuit of happiness. King went on to speak of the promissory note still owed to African Americans, saying that the country had delivered a bad check, marked insufficient funds. His voice soaring, he told the crowd that it was time to “cash this check—a check that will give us upon demand the riches of freedom and the security of justice.”
King’s plea for an American dream that would extend to all citizens, regardless of race, is credited with helping make possible the passage, one year later, of the landmark Civil Rights Act, followed in 1965 by passage of the Voting Rights Act.
Now, 50 years later, the nation celebrates the anniversary of King’s iconic speech with a series of events, highlighted by an address by President Barack Obama, to be delivered today. Like King, Obama will speak from the steps of the Lincoln Memorial, part of what is being billed as the Let Freedom Ring ceremony. Bells are scheduled to ring out in cities and towns across the nation at 3 p.m., commemorating the moment King began speaking.
To mark the anniversary, BU Today reached out to faculty, staff, and students, asking them to talk about what King’s speech means to them today. Their answers are a reminder that his words continue to inspire, continue to serve as a source of hope for some, of solace for others.
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It may be hard to believe, but this week we celebrate forty years of cell phones. The first cell phone call was placed in 1973, but these devices didn’t begin to change our lives until the last ten to fifteen years. Think of how different our lives would be today had former Motorola Vice President and division manager Martin Cooper not made that first call on a cell phone while standing on Sixth Avenue in front of the New York Hilton.
Cooper touched something off with that call, even if it did take several years before they began to impact all of our lives. He was using Motorola’s DynaTAC handset. It was so different than the Androids and iPhones that we use today that it weighed over two pounds. It certainly didn’t fit in Cooper’s pocket, and there was no talk of how big the screen was or the resolution of the camera. It was just a phone, and a big one at that.
Even Cooper is surprised at all the changes that have been made to cell phones over these forty years, yet he sees all these additional things added to cell phones as “essentially useless.” He beleives all the things today’s cell phone can do can be done much more effectively elsewhere. This is true, but you still can’t beat the convenience.
In these forty years of cell phones, they have gone from huge devices meant solely for making and receiving calls on-the-go to pocket-sized devices that can do nearly everything a computer can do. While Cooper is thinking that all of these things on a cell phone are “essentially useless,” I’m thinking of how all these things have changed my life.
I don’t have to worry about carrying a camera to special events. I always have one with me on my iPhone. If I’m out shopping and want to buy something, but I’m not sure how much money is left in the checking account, I can check that on a bank app. While I’m waiting at a doctor’s office, I don’t have to read their magazines; I can either get work done or read my own magazine on my iPhone. I know where my kids are, because we keep in touch via our cell phones. And I don’t have to go as far as to call someone every time I want them to know just a little thing that just occurred to me. I can text them instead.
I went out to dinner one night last week and forgot to bring my phone. I noticed it within five minutes of being gone, but didn’t want to go back for it. I didn’t want it just in case someone called. I wanted to be able to text the people we were meeting up with to tell them we’d be late. I wanted it to snap some pictures of the gathering. I wanted to check my calendar for appointments for the following week and wanted to check my email. I was lost without it.
In these forty years of cell phones, they have completely changed my life, and I think they have changed most others as well and become more than just a phone with features that aren’t “essentially useless.” What do you think? Have cell phones changed your life or do you mainly just use it as a phone and see all the other options as useless?
Martin Cooper image source: By 2007Computex_e21Forum-MartinCooper.jpg: Rico Shen derivative work: PowellS
Laura has spent nearly 20 years writing news, reviews, and op-eds, with more than 10 of those years as an editor as well. She has exclusively used Apple products for the past three decades. In addition to writing and editing at MTE, she also runs the site’s sponsored review program.
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Since the 1960s, consumer psychology has been the subject of hundreds of research contributions and has become a significant area of research. The field has grown significantly, especially since 2006, with research focusing on psychology, business, and the social sciences, with topics extending to cultural and gender differences. However, consumer psychology and psychology are still developing, and many topics remain undeveloped. Consumer behavior and psychology continued to emerge in the 1940s and 1950s as a distinct sub-discipline within the marketing field. In the late 1950s, two significant reports criticized marketing for its lack of methodological rigor, especially its lack of application of mathematically oriented behavioral science research methods.Development After World War II
During the 1940s and 1950s, marketing was dominated by the so-called classical school of thought that was highly descriptive and relied heavily on case study methods with the unusual use of interviewing methods. Often. In the late 1950s, two significant reports criticized marketing for its lack of methodological rigor, especially its lack of application of mathematically oriented behavioral science research methods. The stage is set for marketing to become more interdisciplinary by adopting a consumer behavior perspective.
In the 1950s, marketing shifted from economics to other disciplines, including the behavioral sciences, sociology, anthropology, and clinical psychology. This has led to a new emphasis on the customer as the unit of analysis. As a result, new insights have been added to the marketing discipline, including ideas like thought leadership, referral groups, and brand loyalty. Market segmentation, especially demographic segmentation based on socioeconomic status (SES) and household life cycle indices, has also become in vogue. With the addition of consumer behavior, marketing principles have shown increasing scientific sophistication in experimental and theoretical development processes.Contributors to the Field
Ernest Dichter and George Katona were the two persons who worked hard to develop the subject as an independent branch of study.Ernest Dichter
Ernest Dichter (1907-1991) is best known as a marketing researcher who pioneered “engineering,” an approach to consumer marketing that seeks to understand and nurture the intangible nature of the world—knowledge and irrationality of consumer motives. Specific productive environments shaped Dichter’s views on motivation: Karl and Charlotte Buhler first trained in psychoanalysis in his native Vienna before moving to the United States to work in the field. Field of market research with Paul Learfield.
Dichter has developed a range of techniques, including focus groups and in-depth interviews, to provide insight into consumers’ subconscious motivations when marketing goods. To readers of this blog, Dichter may already be familiar with Vance Packard’s review of Hidden Persuaders, a 1957 exposition of marketing strategies that target consumers’ unconscious desires. Famously, Packard saw Dichter’s efforts to nurture consumer desire through techniques as a form of brainwashing with noticeable harmful effects on the subject’s liberties.
Dichter’s recent and lesser-known works on management training are less well-studied but less attractive. In the late 1960s and 1970s, his consulting firm applied the same psychoanalytic principles and insights about motivation, which he had honed through years of marketing research, to the motivations of his clients—leaders of American corporations. As a result, the company held a series of “Top Man” motivational workshops and published a series of promotional materials titled “Managers/Motivators.” As the title suggests, Dichter defines managing others as motivating people to work.
According to Dichter, the ability to motivate others begins with self-motivation. It involves various techniques, including self-directed quizzes, “mood barometers,” and “psychological calendars.” to track his thoughts, feelings, and moods. These “self-technologies” – practices by which individuals are required to know and monitor themselves – are an integral part of motivational training.George Katona
Katona, along with Likert, Campbell, and others, founded the Michigan Bureau of Business Investigative Research and became the behavioral economics program director. His pioneering achievement is the application of consumer psychology to economic forecasting. Contrary to current economic theory, which relies heavily on actual demographics (e.g., income, purchasing power), Katona believes that consumers’ willingness to buy, as indicated by attitudes and Consumer expectations (his view of consumer sentiment), is an important economic indicator.
Katona authored numerous articles during her lifetime and published more than a dozen books, including The Powerful Consumer (1960) and Massive Consumer Psychology (1964). Furthermore, easy to operate. Katona’s most enduring legacy is launching the University of Michigan Institute of Social Research’s Consumer Attitude Survey, now used as a leading indicator of step-by-step economic stability.Conclusion
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