Major cryptocurrency exchange Binance has invested an undisclosed sum in blockchain data monetization startup Numbers. According to a post published on Binance’s official blog on Jan. 21, Numbers aims to create an open, transparent and traceable data sharing, verification and management system. The firm’s open source application reportedly allows individuals to own and monetize their personal data. Since last year, Numbers has reportedly worked with nonprofit Shoah Foundation, the Stanford University and IBM to develop data traceability and verification systems to preload on the Exodus, the blockchain smartphone of tech giant HTC. Binance’s strategy officer Gin Chao said: “Numbers app …
Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier. According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few days earlier. The aim of this is to ensure that users will have time to verify their accounts and deposit their funds. KYC requirements To complete the onboarding process, users will be required to provide a valid government ID — driver’s license or a …
The 24-hour trading volume of major cryptocurrency exchange Binance’s futures markets has exceeded $150 million denominated in Tether (USDT). On Sept. 10, a Reddit user published their findings on Binance’s futures markets performance. Over the past 24 hours of trading, the figures reached notable volumes in the Bitcoin (BTC)/USDT pairing, bringing the daily trading volume to over $151 million in USDT. Closed testing mode Binance initially launched two futures testnet platforms named Futures A and Futures B on Sept. 2, inviting users to participate in a 10,000 Binance Coin (BNB) trading competition. During the competition, Binance said it would provide …
Cryptocurrency exchange Binance has partnered with blockchain monitoring solutions provider Elliptic to boost its regulatory compliance as part of its international expansion, a Binance spokesperson confirmed to Cointelegraph on May 1. As part of plans to ensure smooth operations in new countries with varying regulations on cryptocurrency, Binance will use Elliptic to ensure it can comply with various demands from authorities. According to a press release shared with Cointelegraph, Binance’s chief compliance officer Samuel Lim states that the latest deal will focus on Anti-Money Laundering (AML). Last month, the exchange also teamed up with blockchain analytics firm CipherTrace, also centering …
Binance has launched its mainnet Binance Chain and expects to execute the swap of its native token Binance Coin (BNB) on April 23, according to an announcement on April 18. The major crypto exchange first revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering tokens. According to the announcement, Binance is producing blocks with consensus from the genesis block as of today, with its native coin BNB planned to be issued in the genesis block. Binance Chain Explorer and Web Wallet will be available to …