Binance Labs, the venture wing of the largest cryptocurrency exchange Binance, has released its first “batch” of blockchain projects from its Incubation Program, according to a press release shared with Cointelegraph on Dec. 14.Binance Labs is an initiative that seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and technical assistance. The Binance Labs Incubation Program is an onsite program that was launched in August 2018.Following a try-out tour with over 500 applicants, Binance Labs selected only eight projects, each of which received $500,000 in seed funding and access to necessary resources and mentors. Over the course of the 10-week program, seven projects have shipped working products and signed on users, while three of t
“We’ve been fucking up this mixnet idea for 39 years.” That’s how lead developer David Stainton introduced the mixing tech that powers Nym Technologies, a stealth anonymity startup that sports a roster of privacy activists and cryptography heavyweights from around the world. An open infrastructure based on a near-forgotten anonymity system named mix networks, Nym is now entering the proof-of-concept phase following a 10-week incubation program with Binance Labs. The goal of the project? According to Harry Halpin – an advisor to Nym precursor Panoramix – the objective is “to anonymize the world.” Showcasing the new technology is a proof-of-concept cryptocurrency wallet built by bitcoin developer and revolutionary Amir Taaki – what he calls “Darkwallet 2.0,” named after privacy-preserving bi
Crypto exchange Binance has added Circle’s USD-pegged stablecoin USD Coin as a quote asset for several new trading pairs in its combined Stablecoin Market (USDⓈ). The exchange has announced this in an official post published Dec. 14.USD Coin (USDC), first announced by Goldman Sachs-backed Circle this May, and released in September, is one of a host of new stablecoins notionally pegged 1:1 to a major fiat currency.This November, Binance, currently the world’s largest crypto exchange by daily trade volume, had rebranded its Tether (USDT) Market as the combined USDⓈ market to allow for the support of more trading pairs with different stablecoins offered as a base pair.Today’s latest development will add six new trading pairs with USDC as a quote asset: native exchange token Binance Coin (BNB/
The cryptocurrency exchange Binance is casting a wider net to find the next unicorn startup. Revealed exclusively to CoinDesk, the venture wing of the namesake exchange, Binance Labs, will launch new incubator programs in Berlin, Buenos Aires, Lagos, Singapore and Hong Kong come March 2019. The company is announcing this global expansion, offering 10-week onsite programs for early-stage blockchain projects, just as the inaugural San Francisco program is set to end on Friday. Starting next year, all Binance Labs incubation programs will conclude together with a three-week trip to Singapore, where the parent company is based, and a collective demo day. Stepping back, eight teams were selected out of over 500 applicants to each receive $500,000 and participate in the San Francisco incubator t...
With crypto still being years away from being widely adopted by the mainstream public, most of the market’s activity is driven by speculators and traders seeking to leverage the wild price swings and volatility in order to turn a profit.However, new research data shows that the actual active users on top cryptocurrency exchanges is extremely low, with only four of the most active exchanges having over 100,000 active users.Coinbase, Binance, Huobi, and OKEx: Over 100,000 Active UsersAccording to the November 2018 research report from the Blockchain Transparency Institute, only four of the top crypto exchanges can claim having over 100,000 active daily users.The four exchanges with over 100,000 active daily users includes – to little surprise – San Francisco-based Coinbase, Changpeng Zhao-le
Cryptocurrency exchange Binance has launched a collection of educational content comprising almost 500 articles in order to fight “incorrect” and “misleading” information, a press release confirmed Dec. 12.Binance, which regularly tops the list of the world’s largest exchanges by volume traded, will initially support 15 languages via the project.The launch and development is a product of Binance Academy, the exchange’s dedicated education arm which itself began operating in August.“Misinformation spreads extremely fast. People are frequently quoting articles that are either incorrect or are misleading,” Ted Lin, chief growth officer at Binance commented in the release. Lin noted:“With Binance Academy, our goal is to provide an entirely neutral platform with quality, unbiased, educational i
The long drawn out bear market of 2018 has been very painful for a lot of crypto traders. However, it may be just the reality check the industry needs in building more stability for future growth.What Goes Up Must Come DownWhen charts go parabolic it is never a good sign for any asset, digital ones included. The unnatural spikes seen on Bitcoin and across most altcoins during the last two months of 2017 should have been a warning sign of what lies ahead. The hype and fervor were palpable with moons and lambos becoming a reality for a lucky few.The seemingly unsustainable growth had to come to an end at some stage and January 7, 2018, marked that day in crypto land. After reaching a peak market capitalization of $830 billion things started to turn south in a trend that would last the entire...
On December 6, 2018, cryptocurrency exchange heavyweight Binance announced the launch of its sub-account support, exclusively for institutional traders. Binance revealed that multiple requests put forward by Binance users prompted the exchange to introduce the feature. A Look into the New Feature According to the official Binance blog, the upgrade will enable several entities to set up multiple sub-accounts under one organization and provide control of access to one master account and only that account will be able to control the other accounts under it. Apart from that, the exchange will provide a set limit to API limits for every sub-account. Additionally, only individuals with VIP 3 tier (or above) accounts and corporate accounts can gain access to the latest feature. In the post, Bina...
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekUS SEC Delays Bitcoin ETF Decisions, Changes Deadline to Late FebruaryThe United States Securities and Exchange Commission (SEC) has again postponed its decision regarding approval for a Bitcoin (BTC) exchange-traded fund (ETF) this week.According to a document released by the SEC, the new deadline is Feb. 27, 2019, and they will take the extension to further review the rule change proposals needed to list the BTC ETF.The financial instrument was proposed by investment firm VanEck and blockchain company So
In a bear market-induced sense of panic, the crypto market at large has stopped responding to industry developments altogether, with the news of the past week coming in one ear, and out the other. Regardless, startups still seem hell-bent on bolstering this industry’s infrastructure. And, frankly, this unrelenting drive for innovation doesn’t come unwarranted.As once stated by Spencer Bogart of Blockchain Capital, the news of today will become “important building blocks” and the “kindling” for the next cryptocurrency bonfire.SEC Delays Bitcoin ETF Ruling To February 2019Since Bitcoin’s earliest blocks, true innovators have discovered value in the crevices of the cryptocurrency world, finding it logical to latch onto this nascent industry in times of despair and euphoria alike. While this z