Binance Offers Token Rewards for Testing New Decentralized Platform

Major cryptocurrency exchange Binance is offering a reward for testing the company’s new decentralized trading platform Binance DEX. The news was announced by Binance CEO Changpeng Zhao in a tweet on Feb. 28. In the post, Changpeng Zhao, who also goes by CZ, invites users to test the recently launched exchange and thus help start the mainnet faster. Users will subsequently be rewarded with Binance’s native token, Binance Coin (BNB). Zhao wrote: “To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB,…

Crypto Winter Bites as EOS Faces Lagging Blockchain Development

Development on $3.3 billion cryptocurrency EOS has slowed to an absolute crawl, and it’s not the only smart contract platform where GitHub commits have plunged in recent months. Major Crypto Blockchains See Reduced Commits According to data from Longhash, development on EOS, Ethereum, and Tron has drastically slowed over the past three months. If we consider the holiday month of December, where it is well-known that development virtually everywhere slows down, there are still two full months (November and January) of good developer time to account for. Of more than 4,000…

Securities Lawsuit Against Ripple to Stay in Federal Court

An ongoing securities lawsuit against payment startup Ripple will stay in federal court, per a recent ruling. The news was announced by lawyer Jake Chervinsky in a tweet on Mar. 1. “The Court has denied the plaintiffs’ motions to remand. This means the case stays in federal court, a minor but meaningful victory for Ripple,” Chervinsky wrote in the post. The ruling reads that United States District Judge Phyllis J. Hamilton, of the Northern District of California, has ordered that the class action suit against Ripple Labs, its subsidiary XRP…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Social media giant Facebook plans to leverage its massive user base of more than 2.7 billion for the success of its crypto project that aims to integrate Instagram, Facebook Messenger and WhatsApp under one canopy. According to the New York Times’ sources, the…

JPMorgan Token a ‘Stepping Stone’ to Mass Crypto Adoption

JPMorgan’s controversial blockchain token might not be a real cryptocurrency, but researchers say it could help spark concrete crypto adoption. Binance Argues JPMorgan’s Dubious Crypto Project Will Spur Real Adoption In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption. By exposing large clients to a private blockchain structure, JPMorgan will indirectly increase interest in the wider crypto industry. “The rise of this third generation of stablecoins may only be an intermediate stepping stone for cryptocurrency mass…

JPMorgan Token a ‘Stepping Stone’ to Mass Crypto Adoption

JPMorgan’s controversial blockchain token might not be a real cryptocurrency, but researchers say it could help spark concrete crypto adoption. Binance Argues JPMorgan’s Dubious Crypto Project Will Spur Real Adoption In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption. By exposing large clients to a private blockchain structure, JPMorgan will indirectly increase interest in the wider crypto industry. “The rise of this third generation of stablecoins may only be an intermediate stepping stone for cryptocurrency mass…

Blockchain and Crypto Firms in Malta Face Difficulty in Finding Banking Services

Blockchain companies in Malta are reportedly struggling with opening bank accounts, local news outlet the Times of Malta reported on Mar. 1. The Times of Malta allegedly contacted a number of legal firms and financial companies, who confirmed that banks were declining their applications to open bank accounts, saying that it was beyond their “risk appetite.” The sources reportedly said that banks did not differentiate between digital currency and blockchain, though they were not always connected. Parliamentary Secretary for Financial Services Silvio Schembri reportedly told the Times of Malta that…

Rhode Island Bill Would Exclude Some Tokens From Securities Laws

A bill in the state legislature of the United States state of Rhode Island would exclude “blockchain tokens” from state securities laws. The bill was introduced in the legislature on Feb. 27. The bipartisan bill H5595 proposes a series of amendments to the Rhode Island Securities Act, under which “a developer or seller of an open blockchain token shall not be deemed the issuer of a security,” should certain conditions be met. The token must be used for a “consumptive purpose” that is exclusively exchangeable for “the receipt of, goods,…