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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Zebpay raises $1 million to promote Bitcoin in India



Regardless of its massive potential in the region, bitcoin awareness in India is still somewhat low. Zebpay, a bitcoin wallet and exchange aims to change this. In fact, recent reports indicate that the company has managed to raise $1 million private investors, which will be used to support the digital currency in the region.

According to the company, the chief managing director of Claris Life Sciences has offered Rs 3 crore, the managing director of Jindal Worldwide has invested Rs 1 crore, whereas the chairman of Triangle Engineering has invested Rs 1 crore.

Zebpay will use a significant part of the currency to develop the blockchain system in the region. This will be achieved by setting up a dedicated blockchain laboratory, which will allow the company to use the technology’s power to come up with innovative authentication and authorization measures. According to the company, another part of the investment will be used to promote bitcoin, while also enlisting e-vouchers on their mobile platforms, to expand their user base from 25,000 to 100k within one year.

While the legal status of Bitcoin in India is still uncertain, it’s worth pointing out that while the Reserve Bank of India considers that Bitcoin poses risks, they agree with the blockchain, and believe that it can greatly improve the current state of the world’s financial system, by lowering t. Based on this, will Zebpay manage to properly raise awareness on Bitcoin in India?


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