One After the Other: How Binance Invests in Blockchain Projects

On October 8, Binance, the largest cryptocurrency exchange, stated on its blog that the listing fee for new coins would be called “donation” and transferred to charity, which is associated with financial assistance in developing blockchain startups. This is not the only case when the Chinese crypto platform allocated its assets to technology development. What are the goals that Binance pursues by doing so?

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📨 #DeCenterDaily

📈 The average daily trading volume (ADV) of Bitcoin futures has increased by 41 percent in Q3 over Q2 on the CME.
via The Block

💵 Winkelvoss’s Gemini stablecoin (GUSD) trading volume doubled on one of the top 10 cryptocurrency exchanges as Tether (USDT) faced trouble.
via CoinDesk

🔍 Cryptocurrency exchange Binance and blockchain surveillance firm Chainalysis have joined forces to implement a compliance solution for trading operations.
via Bitcoin.com

🤝 TRON and China’s Internet search giant Baidu will cooperate on cloud computing resources.
via ccn

📄 According to the World Payments Report 2018, distributed ledger technology (DLT) is currently failing to meet financial market demands.
via Cointelegraph

Here’s who some of the biggest crypto firms are banking with. Source

Sidechains and Federated Consensus

What are sidechains? What is Liquid and what are the use cases of sidechains? What are the differences to the Lightning Network? What is Delegated Byzantine Fault Tolerance? What are issues with these federated models? Find out below.

https://youtu.be/mHLgpX4VYBQ

#flashcards

In pursuit of easy and fast profits, some miners try to minimize their costs by all means available, thereby obtaining the greatest profit. One of these methods has long been known as the theft of electricity. Is the game worth it if for a dubious benefit you will have to pay a fine several times higher than the income from mining? How can one end up on the prosecution stand for illegal mining of Bitcoin and other cryptocurrencies?

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After three years of development, the Liquid technology is ready for commercial use. Now, 23 famous cryptocurrency companies will be able to launch and test it, as their total transaction volume accounts for more than 50 percent of all completed transactions.

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📨 #DeCenterDaily

🤝 Merger and acquisition (M&A) activity for cryptocurrency companies has more than doubled in the past year.
via The Block

💵 Binance, the world’s largest cryptocurrency exchange by trading volume, is seeking to list more stablecoins.
via CoinDesk

🌍 According to a recent report by French banking group BNB Paribas and IT company Capgemini, cryptocurrencies “are experiencing a boom, driven by developing markets,” including Africa.
via Bitcoin.com

🖊 The Bill & Melinda Gates Foundation has partnered with Ripple and Coil to implement the Interledger Protocol and explore ways Mojaloop can support pro-poor payment systems.
via ccn

🦅 A New York federal court has ruled to charge a denominated Bitcoin hedge fund GBI and its CEO with fraud.
via Cointelegraph

Goldman Sachs and Mike Novogratz’s Galaxy Digital Ventures invested USD 15 million into the cryptocurrency custody service provider BitGo.

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The crypto investors map. Source

Mixing Services

How do mixing services work? What are CoinJoin transactions? How much could they improve privacy or anonymity in Bitcoin?

https://youtu.be/rKoMvOH4zoY

#flashcards

There are few analogies between the hearings in the U.S. Senate and no rule fighting, but what happened on October 11, 2018, in the Senate Committee on Banking, Housing, and Urban Development, was very much like a spectacular sporting event.

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In recent years, many crypto enthusiasts, economists, and opinion leaders have been making rather skeptical, and sometimes even mocking statements about cryptocurrencies. On the other hand, a whole sect was born among the supporters of Bitcoin, whose members blindly believe in their own made-up ideals. How to maintain balance?

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New bonuses have arrived!

We held a negotiation round with funds and selected a short list of those with whom we will work. As of today, funds have applied for requesting almost 1 000 BTC worth of BIP.

We will allow them to buy in starting October 25, with no bonuses or any other special conditions, which means 100 000 BIP at 1 BTC.

To provide our faithful friends—members of our network—with an additional opportunity, we decided to introduce a 20-percent bonus on all balance replenishments made starting October 19, 21:00 up until October 31, 18:10 (UTC).

We believe that real people are more important than large funds as they create a network effect by exchanging coins with one another.

What bonuses can you receive before the Campaign ends?
• 10% on all BIPs your friends request using your invite link
• 100 BIP for each of your friends signing up and passing the KYC check
• Bonuses offered by pools (if you are a member of one of them)
• 50% on all BIPs you request, provided you have contributed significantly to the Minter project promotion

Once the Campaign has finished, MBank will start operating right away (https://news.1rj.ru/str/MinterTeam/39)!

“Money is the most undisrupted space the world has seen in the past 40 years,” said Eugene Gordeev, product owner of Minter and a passionate Bitcoin evangelist. “Today, people are so well-connected to the P2P economy through stand-alone, self-employed businesses like Airbnb hosts, Uber drivers, YouTube bloggers and Etsy crafters, to name a few. Now, the only thing missing is private money issued and managed by those who want to make their products and services even more special.”

Read More: https://bitcoinmagazine.com/articles/minting-future-cryptocurrencies/

Last week, the key stock indexes of the world's largest stock market, the U.S., showed a significant decline. The S&P 500 and Dow Jones fell to three-month lows, while the high-tech Nasdaq went down to a five-month "bottom." At the beginning of this week, however, there is a rebound. Does this mean that we have only seen a strong but technical correction, or has the first wave of the incipient global financial storm occurred?

Learn More Now! >

In the first three quarters of this year, a record number of cryptocurrency funds entered the crypto market, with every fifth new hedge fund being cryptocurrency-dedicated. What were the reasons, and what are the forecasts?

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What are the use cases for the Minter network? What are some of its possible real-life applications? Watch the video below to find out!
https://youtu.be/5Bu2-289OPU

The crypto platform run by Intercontinental Exchange released a notice that the Bakkt Bitcoin Daily Futures Contract will begin trading on Wednesday, December 12, 2018.

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The ties that bind? Coinbase’s listing of 0x draws scrutiny given the exchange’s connections to a VC firm promising “asymmetric info.”

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Why did we choose Tendermint?

When we were starting to work on Minter almost two years ago, we decided that we would use only the industry’s best practices. In other words, if we can use someone else’s code—especially that written by strong teams—we should definitely do that. We aim to provide our users with the most efficient blockchain and not to collect awards for programmers. At first, we bet on Ethereum code because many popular projects had already been using it at the time. After having created a prototype last fall, however, we saw numerous limitations the engine put. We then conducted an in-depth market analysis and found a perfect candidate for our core—Tendermint!

Tendermint is an open-source engine for blockchain projects.

It allows the members of the network to reach a consensus really fast. Using Tendermint, a blockchain developer can be assured that all active nodes store same sets of transactions, balances, accounts, etc. Thanks to its own consensus algorithm, Tendermint allows for the processing of tens of thousands of transactions per second. The engine itself is written in Golang but lets programmers use any programming language to develop their blockchain.

As of now, over 70 projects—including Cosmos SDK, Cosmos Hub, 0x Project, and OmiseGo—use Tendermint.

The Minter blockchain also uses Tendermint and the DPoS consensus algorithm for high network performance.

Everything we develop is 100% open. Visit our GitHub to view the code and contribute: https://github.com/minterteam

If you got any questions, you may ask them in our chat: t.me/joinchat/EafyERJSJZJ-nwH_139jLQ

About Minter’s Listing on Binance

‎We were contacted by Binance official representative Gleb Kostarev and asked to clarify the following information:
• In order to be listed on an exchange, the project must follow specific rules;
• Minter’s Russian-speaking chat dedicated specifically to Binance will not obtain an official status because the exchange already has its own Telegram community;
• Angels present in chats and social networks are volunteers and not official employees or representatives of the company.

Supported by DeCenter, Minter will send the listing application once the mainnet is launched. As we stated earlier, Binance is our top priority exchange for cooperation, and we will do our best for it to become the first large cryptocurrency exchange that Minter will be listed on.

We will not shut down the chat we mentioned before because when applying, we will need support from Minter participants and Binance users in a vote. There are already almost 1500 real users in the chat, and that’s just the beginning. We will modify the name of the group as well as its avatar and denoscription so that it meets Binance’s requirements and does not mislead the users.

During the whole process—starting from the moment we send the application and up until the exchange announces its decision—DeCenter will be providing a first of its kind detailed review on How Listing on the Leading Exchanges Takes Place, based on the real project’s case.

The Minter team understands and accepts the fact that Binance is a private company and hence may reject our application following its own commercial reasons. Please note that only employees of the companies can make official comment on behalf of Minter and Binance. All other statements should be viewed as personal opinion or speculation attempt.

Make sure to check out the interview DeCenter had with Binance CEO Changpeng Zhao a year ago: dcntr.org/binance-cz-interview