Malta-based ChiliZ announced that it has received a sizeable investment from cryptocurrency exchange Binance for its new tokenization platform, targeting eSports and sports industries.
Ella Zhang, head of Binance Labs, indicated that the market continues to be positive, despite declines in trading, thanks to a steady influx of new customers to the cryptocurrency space. However, she pointed out that ICOs are damaging to the integrity of the industry.
HitBTC, a Hong Kong based cryptocurrency exchange, will no longer be offering its services to people in Japan.
Binance has announced that has launched a $1-billion fund to startups working to increase the growth of both technologies.
The Mt Gox effect is still being felt with trustees dumping thousands of BTC on the market and creating artificial depressions in price—much to the chagrin of the cryptocurrency investment community.
A lawsuit filed in Hong Kong's High Court claimed Zhao Changpeng, founder of cryptocurrency exchange giant Binance, violated an exclusivity agreement it had with Sequoia Capital by engaging with another venture capital firm.
Binance Labs described MobileCoin as ‘a mobile-first, user-friendly cryptocurrency which plays a critical role in mainstream cryptocurrency adoption.'
Hot on the heels of Binance declaring that it is coming to Malta, cryptocurrency exchange OKEx confirmed that it's also setting its sights on the Mediterranean Island.
The exchange will soon start a “fiat-to-crypto exchange” on the European island nation and is close to securing a deal with local banks that can provide access to deposits and withdrawals.
The warning supposedly came as a result of Binance operating in Japan without a license, and was announced following the March 7 hack of the exchange.
The exchange is giving a reward for the first person to provide substantial information leading to the arrest of the hackers.