The First Crypto Firm listed by London Stock Exchange

London-headquartered Argo Blockchain has gained the approval from London Stock Exchange to list its stocks on the exchange
11 June 2018   2064

Argo Blockchain is a cloud-based crypto mining company that operates on a subscription-based model. It bgan its business last year considering the increasing difficulty in the mining cryptocurrencies because of the involvement of ASICS and big mining players. The company’s operations are based in Canada’s Quebec province and also is to extend its base to Iceland and China.

Crypto mining enthusiasts can mine any of the 4 cryptocurrency options - Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash - provided by the company remotely on its mining rigs. This is a huge plus for the blockchain-built companies as this will be the first crypto organization to get listed on the London Stock Exchange.

Setting up a computer rig to mine cryptocurrency is challenging, inefficient and expensive. I knew that we had to change the game and democratize the process so that crypto-mining could become a mainstream consumer activity.
Mike Edwards
Co-Founder, Argo 

Argo is aimed to charge clients $25 or £18 a month for the mining activity. Nevertheless, it is not planning to establish a separate mining pool and will stick to the existing ones. Also, it will not support any digital tokens for its users and will limit one contract at a time for each customer.

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.