Binance is launching its own blockchain

The proprietary Blockchain Binance Chain will manage several areas of business along with off-chain transaction settlement
14 March 2018   379

On March 13 Binance announced the launch of its blockchain platform. Binance has conducted a comprehensive research on the nature and current technologies of blockchain paradigm and has extracted key points of improvement of the exchange with the introduction of the platform. Namely, the blockchain will focus on asset trade and transfer that are specific to the platform. The key parameters of the Binance Chain will be its performance, usability and liquidity.

Moreover, Binance is likely to launch a separate decentralized exchange that will have its own token. This is hinted within the statement as Binance Coin (BNB) will be renewed for blockchain mainnet. With this shift, Binance announced its transition from a company to a community, and will act as a venture platform for all-new coins and ICOs. Although BNB is an ERC20 token that lives on Ethereum blockchain, its use was limited to customer deposits and withdrawals as most of transactions were settled off-chain - initially, Binance is a centralized cryptocurrency exchange.

In the end, Binance will operate both centralized and decentralized exchanges in the coming future, cooperating with one another and staying independent nonetheless. Looks like, Binance is turning into a solution for a full range of cryptocurrency services.

Binance to Support Malta Stock Ex Accelerator Program

Up to 12 fintech startups will be able to take part in the program
19 June 2018   138

The world's largest crypto exchange Binance will support the program for support of local fintech startups, organized by the Malta Stock Exchange.

Fintech Accelerator MSX will support prospective start-ups and, in particular, provide professional services for business, including accounting services and provision of workspace.

It is clear that Malta is becoming a Fintech and blockchain center of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a readymade solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.

Joseph Portelli

Chairman, Malta Stock Exchange

Up to 12 fintech startups will be able to take part in the program. In addition to Binance, the new accelerator for startups will be supported by the media corporation Thomson Reuters.

Previously, the head of Changpeng Jao has repeatedly noted that Malta is one of the best places for the blockchhain companies, which is facilitated by a favorable tax and regulatory climate.