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   Strategies & Market TrendsBinance / BNB


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From: Glenn Petersen3/13/2018 8:45:08 PM
1 Recommendation   of 47
 
Binance Unveils Blockchain for New Crypto Exchange

Nikhilesh De
Mar 13, 2018
CoinDesk

Binance announced Tuesday that it is launching a public blockchain to facilitate the creation of a new decentralized exchange.

The cryptocurrency exchange said the move forms part of a plan to transition from " a company to a community" by developing its new Binance Chain, which will be used to transfer or trade different blockchain assets. In addition, the company announced it would essentially shift its Binance Coin (BNB) to its own native blockchain (right now the coin is an ERC20 token that runs on the ethereum network). However, it's unclear if there will be some kind of token swap for users who hold the exchange's ERC-20-based token.

The token, in turn, would be the basis for a blockchain-based asset exchange, an option that would exist alongside Binance's more centralized offerings.

The exchange said in a statement:

"We believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence."
The news comes a day after Binance announced a bounty program to track down the attackers who recently attempted to steal funds from the exchange's users. Binance said it had allocated $250,000 worth of its BNB token for the first person who shares information leading to the arrest of the attackers.

As might be expected, the price of the exchange's BNB token is up more than 20 percent on the news, according to data by CoinMarketCap. While it traded sideways at roughly $8 for the last several days, it reached a peak of nearly $10 in the last two hours. As of press time, BNB is trading at about $9.70 per token.

coindesk.com

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To: Glenn Petersen who wrote (25)3/14/2018 10:25:28 AM
From: zax
   of 47
 
Thanks for sharing this, Glenn! Binance moves really fast. They said they planned to us BNB for the decentralized exchange, but I'd assumed this a good amount of time off.

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To: Glenn Petersen who wrote (25)4/8/2018 6:40:04 PM
From: zax
   of 47
 
BNB is holding up incredibly well in the midst of the overall Crypto meltdown, no?

These guys are the real deal.

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To: zax who wrote (27)4/8/2018 9:08:06 PM
From: Glenn Petersen
   of 47
 
The beauty of an exchange is that you make money on the churn, regardless of direction. Hopefully, they were not holding too much inventory.

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From: Julius Wong4/25/2018 9:31:57 AM
2 Recommendations   of 47
 
As Bitcoin Boomed, A Crypto Billionaire Decided Sequoia Capital Was Lowballing His Exchange. Now the VC Is Suing

fortune.com

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To: Julius Wong who wrote (29)4/26/2018 4:28:21 AM
From: w0z
1 Recommendation   of 47
 
Screw the VCs! For years they have monopolized early stage IPOs for high net worth investors only. ICOs have turned the VC industry upside down and given access to the common man (who is knowledgeable enough to their own analysis).

I'm a member of a pool which acts somewhat like a VC by aggregating smaller investors to allow early stage participation in ICOs. Here are some projects on the horizon that are mind blowing (to me anyway)! NOTE: Do your own research. I am not endorsing any of these as investments and am not an investment advisor.

Smart Valor:

businessweekly.co.uk

youtube.com (starts at 2:46:30)

Holochain:

quantalysus.com

DAOstack:

quantalysus.com

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To: Julius Wong who wrote (29)4/26/2018 4:57:21 AM
From: w0z
   of 47
 
As I said "Screw the VCs"

Fellow Binancians,

With reference to the Hong Kong legal proceedings between Mr. Zhao Changpeng ("Mr. Zhao") and a subsidiary of Sequoia Capital China ("SCC"), Binance wishes to make the following statement:

SCC obtained an ex parte injunction without notice against Mr. Zhao at the end of December 2017. After a hearing attended by both parties' legal representatives in April 2018, the High Court of Hong Kong has now determined that this injunction should not have been granted, as it had been improperly obtained and constituted an abuse of process by SCC. On this basis, SCC was ordered to pay Mr. Zhao's costs in relation to the legal proceedings.

Mr. Zhao denies all of SCC's allegations relating to the present dispute.

As the substantive issues in dispute between the parties are subject to confidential arbitration proceedings, Mr. Zhao will make no further comment on the matter.

Binance Legal Team

2018/04/26

https://support.binance.com/hc/en-us/articles/360003048892

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From: Glenn Petersen6/1/2018 11:08:56 AM
   of 47
 
Binance Reveals Plan for $1 Billion Blockchain Startup Fund

Wolfie Zhao
CoinDesk
Jun 1, 2018 at 12:00 UTC

Binance, one of the world's largest cryptocurrency exchanges, has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of blockchain and cryptocurrency startups.

Ella Zhang, head of the exchange's incubator program Binance Labs, said during an online meetup Thursday that the capital for the fund will be coming from Binance's own reserves as a way to contribute to the industry ecosystem.

Binance will pour in the $1 billion over 10 phases of $100 million each and, in essence, will create a combination of a fund of funds (a fund that invests in other funds) and a direct fund that invests in blockchain projects.

For the fund of funds, the incubator chief further explained that Binance is seeking 20 funds to invest in, which each must manage a pool of at least $100 million in order to be eligible. Investments will be made through Binance's own BNB token, she said.

The first project to be supported is a blockchain-powered ride-hailing initiative that was recently announced by Chen Weixing, CEO of app developer Funcity and former founder of Chinese ride-hailing app Kuaidi Dache. As previously reported, Chen revealed the initiative at a Big Data expo in Guizhou, China, last week together with Yang Jun, co-founder of Meituan, one of the largest group discount apps in China.

"We believe it's a disruptive social experiment. Binance Labs hopes to work with more aspirational projects to explore blockchain applications and together move forward the growth of the industry," Zhang said.

coindesk.com

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From: zax8/20/2018 11:39:48 PM
2 Recommendations   of 47
 
BNB coin has held up better than any other crypto I've been following during this year's downturn.

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From: zax2/1/2019 5:21:29 PM
   of 47
 
Binance Users Can Now Pay for Cryptocurrency With Credit Cards

Binance, the world's largest cryptocurrency exchange based on trading volume, now lets users spend money they don't have thanks to the additional support for credit cards from Visa and Mastercard. From a report:

The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards. At launch, the exchange is supporting credit card purchase for bitcoin (BTC), ether (ETH), litecoin (LTC) and XRP. These can then be traded against up to 151 other tokens offered by the exchange. "The crypto industry is still in its early stages and most of the world's money is still in fiat," said Binance CEO Changpeng Zhao. "Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users."

via SlashDot

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