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Binance to Use Syscoin’s Ethereum Bridge as a Scaling Solution for BUSD

Binance has revealed that it will be using Syscoin Bridge as a vehicle for overcoming Ethereum’s scaling issues and enabling cheap BUSD stablecoin transfers. The news arrives at a time when Ethereum fees are reaching an all-time high, prompting an intensive search for scaling options that can take the strain and lower on-chain fees. Binance has revealed that it will be using Syscoin Bridge as a vehicle for overcoming Ethereum’s scaling issues and enabling cheap BUSD stablecoin transfers. The news arrives at a time when Ethereum fees are reaching an all-time high, prompting an intensive search for scaling options that...

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Binance BUSD Stablecoin Is Integrated into TRON’s BitTorrent File Sharing Protocol

Users of the BitTorrent and µTorrent file sharing networks have been given a new way to pay following the integration of Binance’s BUSD stablecoin. To celebrate the addition of BUSD, users who pay with crypto for a BitTorrent or µTorrent Classic Pro membership are being treated to a 25% discount. Demand for BUSD has grown over the past 12 months, as the stablecoin market has exploded, generating a high of almost $55 billion in transaction volume during July. BUSD’s market cap now stands at close to $185 million. “We are pleased to accept BUSD as another digital payment option for...

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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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