Tierion introduces set of open-source tools to create ‘trustless’ Lightning apps » CryptoNinjas

5m
cryptonewmedia

Turkish City Developing Crypto and Blockchain Solutions for Public Services

17m
cointelegraph

XRP Ultra Bullish Scenario: What’s Ahead For XRP’s Price If It Is Classified As A Commodity?

23m
zycrypto

Bitcoin Wanted by Millennials, Tweets Cameron Winklevoss – Why Is That?

23m
utoday

India: IT Minister Calls for Greater Blockchain Adoption in Boosting Primary Education

28m
cryptonewmedia

Is Bitcoin the Answer to Trump’s ‘Generosity’ Towards Banks?

36m
bitcoinist

Are BitMEX Bitcoin Whales Starting to Dump? One Trader Sells $10m

42m
cryptonewmedia

Bitcoin Price and Technical Market Analysis January 20th, 2020

1h
bitcoinnews

UK’s HMRC seeks to identify cybercriminals using ‘blockchain-analysis tool’

1h
bitcoinwarrior

Will Bitcoin SV ‘Genesis’ Hard Fork Cause Another BSV Price Pump?

1h
beincrypto

Ethereum Price Analysis: ETH Primed For Fresh Rally

1h
livebitcoinnews

Literal Welfare Queen Elizabeth Should Follow Harry and Meghan’s Exit

1h
cryptonewmedia

Bitcoin correlation may still be legitimizing entire asset class

1h
bitcoinwarrior

This Lone Crypto Whale Just Moved $445,000,000 in Bitcoin (BTC) for Only 23 Cents

1h
dailyhodl

21 January 2020 - BTC/ USD – Hourly

1h
cryptodaily

Tone Vays Says Bitcoin (BTC) Is Already 'Faster and Cheaper' Than Bitcoin Cash (BCH). Here's Why

2h
utoday

Bitfinex Launches Sub-Account Feature Amid Growing Institutional Demand in Crypto

2h
coingape

Bitcoin [BTC] Price Breaks Support from Bear Pattern, but Holds Bulls above $8500

3h
coingape

Binance CEO responds to Chainalysis report; says data should be publicly available

3h
bitcoinwarrior

Indian Minister Believes Blockchain Can Transform Government Schools

3h
bitcoinnews

How to get Free XTZ From the Tezos Foundation Faucet

3h
cryptoglobe

Bitcoin (BTC) Price Could Tank to $8,000. Can Things Get Worse for Bulls?

3h
utoday

Ripple (XRP) Just Reversed and $0.25 Is Imminent, Here’s Why

3h
cryptonewmedia

Bitcoin Price Won’t Go Down Quietly: Risk of Bounce Grows

4h
newsbtc

Another Bitcoin Hashrate All-time High has Been Recorded

4h
nulltx


Binance to Launch Korean Support Center Following Investment in Local Startup

Cryptocurrency exchange Binance has made its first direct investment in a South Korean startup.

According to an exclusive report by CoinDesk Korea, Binance has taken a 500 million won ($432,000) stake in BxB, a Korean fintech firm that launched a Korean won stablecoin last year.

Alongside the investment, the two firms have inked an agreement that will see BxB support Binance in operating a new support center for local users of Binance.com, the exchange’s international platform.

The investment was made, not through the exchange’s incubator arm Binance Labs, but directly from Binance, according to the report. Binance Labs has previously invested in local firm Tera.

“We are continuously working with local partners across regions to jointly realize our shared mission in furthering cryptocurrency adoption globally. This investment is another step forward in exploring avenues of growth in Korea, which is an industry-leading market strongly positioned to stimulate blockchain innovation throughout Asia.” Binance CEO Changpeng “CZ” Zhao said.

Binance has also publicly acknowledged for the first time its local entity, Binance Co. Ltd., registered with Korean authorities in October 2019. The subsidiary will operate the new support center in partnership with BxB, the report indicates.

Going forward, Binance has bigger plans for its Korean firm, too.

“Binance is currently developing a future plan for the Korean market with BxB,” CZ said. “We are reviewing what kind of business Binance Co., Ltd. will carry out in Korea, in addition to operating the customer support center.”

One scenario raised by a representative of Binance Co. Ltd. was that it’s “possible” that BxB’s KRWb stablecoin could be linked to Binance‘s BNB token, presumably to facilitate trading on Binance‘s platform. While it’s recently added a raft of new fiat currency payment options, the exchange doesn’t yet have a Korean won gateway.

BxB was previously linked to Binance when it set up another Korean entity, Binance LLC, last July. BxB’s Jiho Kang was listed as director at the time.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments