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Binance Announces Bitcoin-Pegged Token on Binance Chain

17 Jun 2019

Major cryptocurrency exchange Binance announced BTCB, a bitcoin (BTC)-pegged token on its native blockchain, Binance Chain, in a blog post on June 17. Per the announcement, the newly-released BEP2 token will be traded on Binance and will also be available on its decentralized counterpart Binance DEX. Furthermore, this asset is one of a series of cryptocurrency-pegged tokens which the company intends to launch on Binance Chain.The post states that BTCB are 100% backed by bitcoin, with the reserves easily visible as they are recorded on the public blockchain. Binance noted that using bitcoin as a backing asset for the new token allows for more convenient audits, as the wallets are available to anyone through the public blockchain explorer:“The blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance tether.”On Binance, the token will be traded against BTC, allowing users to exchange BTCB for the native asset to which it is pegged.The post explains that creating cryptocurrency-pegged tokens on the Binance Chain will give users of the Binance DEX access to tokens that have their own blockchains and are not on the Binance Chain.Furthermore, Binance says that an increased selection of tokens on the decentralized exchange will result in increased volume and liquidity. Still, the company admits that such an approach compromises decentralization:“While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.”In an apparently related tweet earlier today, Binance CEO Changpeng Zhao announced that the exchange was about to move 9,001 BTC. In another tweet he posted hours later, Zhao seemingly confirmed that the transferred funds are meant to back its bitcoin-backed token:Changpeng Zhao tweet. Source:TwitterChangpeng Zhao tweet. Source: TwitterAs Cointelegraph reported at the beginning of June, Binance DEX will block website access to users based in 29 countries, including the United States.Ethfinex Trustless, a Bitfinex-owned hybrid cryptocurrency exchange and Binance DEX competitor, recently announced the launch of its on-chain decentralized over-the-counter service.

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Zcash Rolls Out New Software Client to Bolster Network Health

17 Jun 2019

Nonprofit organization The Zcash Foundation has partnered with blockchain company Parity Technologies to release a new, open source software client for the cryptocurrency Zcash, according to a press release on June 17.The new software client, Zebra, purportedly exists to provide redundancy in the case of its first client — Zcashd — failing. Zcash hopes this will provide better security for its crypto network as a whole.Additionally, the client is designed to improve Zcash performance in other ways, such as having a means to “detect implementation-specific bugs” and avert problems related to its consensus mechanism.Parity Technologies has built other notable cryptocurrency clients in the past, such as Parity thereum. Parity CTO Fredrik Harryson commented on the purported advantages of its latest client for Zcash, saying:“The community wins across the board [...] Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users."As previously reported by Cointelegraph, the cryptocurrency firm behind Zcash is currently facing a $2 million lawsuit served by a disgruntled ex-employee.Software Engineer Simon Liu sued former employer Zerocoin Electric Coin Company on the grounds that his contract entitled him to 15,000 stock units, and a “Founder’s Reward,” for which the company knowingly could not pay, according to a copy of the official civil case filing. However, the company sent a letter to its employees at the end of 2018, saying that they had no stock option plan and had not issued formal option grants to its employees.

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Facebook stock pops as investors anticipate its cryptocurrency announcement this week

17 Jun 2019

Facebook’s stock rose 4.2% Monday as investors anticipate the company’s entrance into the hot cryptocurrency space.According to reports from The Wall Street Journal and elsewhere, Facebook has partnered with companies like Uber, Visa and PayPal to create its new cryptocurrency called Libra. The initiative is run by David Marcus, the Facebook executive who previously ran Facebook Messenger. He was the president of PayPal before joining Facebook.The digital currency will allow Facebook users to send money to each other and pay for goods through Facebook’s family of apps like Messenger and WhatsApp. But details are pretty scarce beyond that. Still, analysts were bullish on Facebook’s impending crypto announcement, saying it could open up new sources of revenue outside of its core digital advertising business.“We believe this is a major initiative for Facebook, and one that has the potential of putting the company front and center in areas beyond advertising, including commerce and financial services, materially expanding its total addressable market and growth prospects,” analysts at SunTrust said in a research note this week.The price of popular cryptocurrency bitcoin also rose more than 3% on anticipation that Facebook’s entry into the space could spark new interest.

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ICONLOOP joined AWS partnership

04 Mar 2019

One of a team behind the private network element of ICON’s public blockchain is ICONLOOP. ICONLOOP has announced it has become Advanced Technology Partner with Amazon Web Services (AWS) which are the leading cloud services provider and more influential than Microsoft, Google, Alibaba and IBM. An advantage of the change is that the team can provide software solutions that can be either hosted on or integrated with the AWS platform. This means that ICONLOOP is eligible for access to business chances and developers can run its blockchain network using the AWS cloud.

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Binance CEO to add more XRP quote pairs and be a partner with Ripple

04 Mar 2019

Binance CEO Changpeng Zhao showed that he is interested in utilizing xRapid and being a partner with Ripple. He is planning to add more XRP quote pairs on the exchange once they are ensured that each pair has decent liquidity. His main aim is to support the more general growth of the crypto ecosystem.

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“Blockchain as a service” a good start of evolution

04 Mar 2019

There have been lots of changes in ICOs and STO business strategy so far. ICOs are turning into regulatory-compliant STOs and tokens are increasingly seen as bona fide utility tokens. Overall, there has been a remarkable change in how blockchain start-ups are trying to solve problems in the industry. A concept of blockchain technology business is known as “Blockchain as a service”. A well-known example of the service is cloud solutions providers such as Google and AWS. This shows that in the near future cryptocurrencies can become mainstream of livings and it can be called evolution.

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Acet coin

12 Feb 2019

AcetCoin is a Blockchain ecosystem that enables the individual and institutional investors to discover and invest in profitable, low-risk renewable energy projects around the world.

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