Cosmos Gets Listed In Binance

It has been reported that Cosmos (ATOM) has been listed in Binance despite the project refusing to coordinate about listing in Binance.

According to Changpeng Zhao, CEO of Binance, the development team refuse to communicate with exchanges regarding listing opportunities however Binance listed the project anyway saying good tech wins.

Cosmos is a proof-of-stake blockchain network that prioritizes interoperability, users on cosmos will be able to swap tokens between various blockchain networks and communicate with users of other cryptocurrencies on the blockchain.

The director of the company behind Cosmos, Tindermend Inc., Maki Mania states that in proof-of-stake the cost and rewards of the system are internal, they had to come up with a very sophisticated system of distributing rewards.

The listing of ATOM in Binance had an immediate positive response from the market with ATOM gaining up to 27% of its current value.

Saudi British Bank Launches Ripple Powered Payment Service

The Saudi British Bank has recently announced the launching of its instant cross-border payment service that will leverage the technology of Ripple.

The announcement came during the first day of the Financial Sector Conference n Riyadh, Saudi Arabia last April 24th and 25th.

According to Saudi British Bank (SABB) the move is part of the bank’s strategic plans towards digital transformation and enriching customer experience.

Majed Najm, Deputy Managing Director Corporate and Institutional Banking at SABB this latest development is part of the banks effort to provide their customers with the best banking service by using the latest technology.

By using Blockchain technology through the use of Ripple will save time and effort for our customers and makes cross-border payments faster, safer and more transparent.

McAfee Shows Off Bitcoin Debit Card

Cryptocurrency influential personality and founder of one of the most successful cybersecurity firm in the world has recently showed off a Bitcoin Debit Card that he said will be accepted everywhere.

The Visa-branded Bitcoin card features his face over an American flag background with broken chains within the stripes in the front and QR code usable for BTC deposits in the back.

According to McAfee only the first 12,000 cards will have this design and succeeding cards of the soon-to-be released card will just be plain.
While the card itself is something to be exciting about since it might spur mass adoption and easier way of spending cryptocurrencies, many have not been convince if the debit card is really true.

Some argue that it is another publicity stunt to keep his name in the news and part of his strategy in his bid to run for the presidential office in 2020.

Coinomi Adds Support For Binance DEX And BNB

Universal cryptocurrency wallet provider, Coinomi has recently announced a partnership with Binance DEX that would ultimately lead to the support of the BNB token in Coinomi’s wallet.

Binace DEX is the decentralized exchange by one of the leading centralized cryptocurrency exchanges in the world, Binance.

The new Dex will be running on top of the new cryptocurrency called Binance Chain.

Coinomi on the other hand is a popular open source multi-currency which supports a vast number of digital assets and blockchains.

According to Coinomi users of its wallet will soon be able to access the Binance DEX platform and trade cryptocurrencies.

Many in the community are quick to think that the new Binance chain is the new “Ethereum killer” however the CEO of Binance, Changpeng Zhao, was quick to point out that Biannce Chain lack some functions of Ethereum and is not positioned to compete with Ethereum directly.

Ontology To Release Stablecoin PAX

It has been reported that Ontology will be launching a regulated USD-backed Stablecoin Paxos Standard (PAX) on its blockchain.

The new Stablecoin will be based on Ontology’s OEP-4 token standard which will enable atomic swaps between the ontology-based main blockchain and other blockchains.

Ontology also states that PAX is the first regulated USD Stablecoin that ensures open auditing, asset safety and supported by a large number of exchanges.

It was also revealed that all the PAX USD reserves are held in independent accounts of FDIC-insured bank registered in the United States.

Ontology’s announcement came out just hours after news broke out that the New York Attorney General’s office court filling that funds of Tether were used to cover an $850 million loss at its sister firm, crypto exchange Bitfinex.

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