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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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BNP Paribas Partners with SmartAngels on Blockchain Securities Issuing for Startups


BNP Paribas Securities Services has partnered with French crowdfunding platform SmartAngels, on a pilot program that will use blockchain technology to give small companies and startups the ability to issue shares and raise money from retail and accredited investors.

The pilot program will be the first of its kind in France, and is scheduled to launch in the second half of 2016, if regulatory approval is granted. In today’s blog post announcing the partnership, Benoit Bazzocchi, Founder of SmartAngels, explained that the merging of blockchain tech and crowdfunding will open doors for many small companies to obtain capital from many “individuals and professional investors”.

The blockchain portion of the pilot program is being designed by BNP Paribas Securities Services, and companies that are currently listed on SmartAngels will be automatically given the ability to issue securities on the new platform. Head of product clearing at BNP Paribas Securities Services, Philippe Ruault, mentioned that the entire securities issuing and purchasing process will be very quick and easy, “By applying the blockchain technology crowdfunding industry, we will accelerate and secure cash flow exchanges and securities through e-certificates,” said Ruault.

An English translation of the blog post reads: “Investors buying these titles will have their payments processed immediately and their e-certificates will be issued instantly.” SmartAngels will also allow investors to trade the new securities directly on its platform, which will create a liquid market for shares issued by small companies and startups.

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