The largest cryptocurrency exchange out there, Binance, is in the daily cryptocurrency news again – this time for launching a new analysis division that will apparently conduct “institutional grade” research reports.
The news comes after an announcement was originally published by the company yesterday, with a clear objective of increasing the transparency and improving the quality of information in the field of crypto.
After conducting and publishing two in-depth reports, the division set by Binance is taking a greater swing and is looking at publishing more in the future. The recently published reports aimed at blockchain and its support of smart contracts and distributed applications – as well as a new scaling solution for Ethereum (ETH).
Named Binance Research, this is not the first project from the exchange beyond its original mandate. Earlier this year, Binance announced that it will donate all of its listing fees to charity and allow developers themselves to name the amount they pay without demanding a minimum fee.
Meanwhile, the company has been gradually expanding its trading activities to other countries. In the latest news in this field, we saw the announcement about the launch of its fiat-to-crypto exchange in Uganda which enabled users to buy two major cryptocurrencies, Bitcoin and Ethereum, through the local fiat currency of Ugandan shillings.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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