The face and former CEO of the world’s largest cryptocurrency exchange Binance – Changpeng Zhao, – has launched his new venture called “Giggle Academy.”
CZ, who stepped down as CEO of Binance in November, announced the launch of his new educational project on Monday. He had earlier pleaded guilty to charges of violating federal money laundering laws.
Giggle Academy, which is not affiliated with the crypto space, aims to provide basic education from grades 1 to 12 “with an adaptive, individualized curriculum.” According to the academy’s concept document, Giggle wants to reach those who do not have access to basic education.
The curriculum will cover all core subjects, as well as subjects that current schools do not teach, including blockchain, finance, artificial intelligence and EQ.
In addition, CZ tweeted that the Giggle team is recruiting, and selected candidates can work directly under CZ’s guidance. Giggle Academy is currently looking for teachers who can create digital content, he wrote.
During the launch, Zhao stressed that the new project is not about cryptocurrencies and does not involve the introduction of new tokens. All classes on the platform are to be held online and will be completely free of charge.
Awaiting the verdict
Sentencing in CZ’s criminal case has been postponed until April 30. However, a motion filed on November 24 indicated that he could face a harsher punishment than initially anticipated. According to former US Securities and Exchange Commission official John Reed Stark, CZ could spend between 12 and 18 months in prison.
Last week, Zhao was ordered to surrender his Canadian passport in accordance with an updated bail agreement. Court documents show that he was ordered to hand over all current and expired passports and travel documents to his defense attorney. In addition, he is also bar red from applying for a new pas sport from another country.
