Blockstream and Digital Garage joined forces

Two blockchain-related companies expand partnership with to accelerate blockchain cryptocurrency deployments in Japan
21 November 2017   934

The Blockstream team announced the expansion of cooperation with DG Lab, within the framework of which it is planned to accelerate the implementation of block-technologies based on the Elements platform in Japan.

One of Japan's largest inter-dealer brokers The Tokyo Tanshi will join the cooperation in this field. The companies are working on several innovative projects, including the issuance and circulation of local currencies with the help of block-technologies and over-the-counter.

We have spent significant time over the past two years researching and experimenting with various cryptocurrency and blockchain technologies. While there are many interesting initiatives underway, we have been the most impressed with the maturity and potential of the Elements Blockchain Platform. We believe working with DG Lab and Blockstream presents many exciting new capabilities for the next 100 years of our company.
 

Yuichiro Yanagida 

President, The Tokyo Tanshi

Blockstream also received additional investment from the DG Lab Fund, after which the company's total financing exceeded $ 80 million.

In Japan, there is a rapidly growing interest in Bitcoin and blockchain technology. In the future, it will be vital for us to develop financial applications using blockchains and technological platforms that lead innovations in the industry. We believe that Blockstream’s blockchain platform, Elements, with its excellent security and reliability, is the exact technology we need. With our strong partnership with Blockstream, we are excited about accelerating the development of technologies to build a social infrastructure that will allow digital assets as well as bitcoins to circulate safely and efficiently. DG will also help Blockstream enter the Japanese market. We are looking forward to creating synergy in a variety of areas.
 

Kaoru Hayashi

Representative Director, President Executive Officer and Group CEO, DG

We are looking forward for the results of above mentioned cooperation. 

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

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.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.