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Fighting ETH: Binance fired up its own blockchain dedicated to smart contracts

Binance has recently released the White Paper for its upcoming Binance Smart Chain which is going to run parallel to the current Binance Chain.  This new chain will supposedly have smart contract capabilities and will run independently.  One of the biggest cryptocurrency platforms in the world, Binance has recently released the White Paper for its upcoming Binance Smart Chain (BSC) which is going to run parallel to the current Binance Chain. This new chain will supposedly have smart contract capabilities and will run independently.  The smart contract is a computerised protocol that will allow for running decentralised applications significantly smoother...

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CipherTrace Announce Support for Binance Chain Traceability

CipherTrace recently announced this month that it has just started support for the public blockchain network developed by Binance. The California-based leading blockchain firm has stated that it is getting ready to provide assistance to application developers. The Menlo Park, California-based leading blockchain and Big Data analytics firm, CipherTrace recently announced this month that it has just started support for the public blockchain network developed by Binance, Binance Chain. The biggest crypto exchange said on its official website that “Binance Chain is the underlying blockchain layer for Binance DEX. Now, with support from CipherTrace, Binance Chain will provide institutional-grade anti-money...

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Binance Coin-Based ETP Included to SIX Swiss Exchange

Earlier this week, the Swiss stock platform SIX included a new cryptocurrency exchange-traded product (ETP) which is going to allow users of the platform to gain exposure to Binance’s BNB token.  The new ETP, the Amun Binance BNB ETP can be bought through a bank or brokerage company just like a stock. This is the result of a partnership between Binance and Amun. so unlike a lot of ETN’s, ETP’s are legally obligated to be backed one to one by reserves which means that the ABNB ETP is completely collateralised. In a recent interview, the CEO of Amun, Hany Rashwan...

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BNB Experiences its 9th Quarterly Burn, But it’s not the Biggest

Earlier this week, the world’s biggest crypto platform, Binance announced that they had finished their 9th quarterly BNB token burn in accordance with the token’s whitepaper. During this whole process, more than two million BNB tokens worth up to around $37 million were burnt.  Whereas this is a huge burn of BNB, it isn’t the biggest. The biggest burn of the tokens was their second quarterly burn of 1.8 million Binance Coin, which was worth around $40 million at the time.  Writing in a blog post on the official website, the CEO of the platform, Changpeng Zhao (CZ) expressed his...

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Is BNB Coin performing As Good As You Think?

Every few months, we see Binance make some pretty big announcements and deliver more and more options to their user base. That’s been the case throughout the course of 2019 anyway, but what about the BNB token? Well, the exchange’s own cryptocurrency started a notable uptrend at the start of the year with some very impressive growth.  From January to April Binance Coin saw an increase of about 300 percent. The uptrend movement didn’t finish there though as the cryptocurrency saw an all-time high of $39.68 on June 22nd which ended up giving it a 566 percent increase overall. But...

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