Tezos drops 75% within hours

A conflict between the founders of Tezos project and head of Tezos Foundation leads to panic among the investors 
19 October 2017   2992

Only three month ago Tezos carried out an extremely successful ICO raising 232$ million, but currently project is in danger of losing trust of their investors even before it could have been officially launched.

Tezos pre-launch Charts Tezos (Pre-launch) Charts

On October 18th Arthur and Kathleen Breitman published a letter in their official blog stating that president of Tezos Foundation, Johann Gevers, “engaged in an attempt at self-dealing, misrepresenting to the council the value of a bonus he attempted to grant himself”. This may have influenced such a notable decrease of futures price.

Founders of Tezos now intend to legitimately remove Johann Gevers from Tezos Foundation.

Digital coins of Tezos under the name "Tezzies" are already highly priced at a hefty premium in futures trading although they do not yet exist. The launch of Tezos network and the coin release are postponed indefinitely.

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.