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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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Red Hat Launches Initiative for Blockchain Developers


Open source developer Red Hat, Inc., has announced the launch of the OpenShift Blockchain initiative, which is aimed at software developers and fintech companies looking to build financial applications using this innovative new technology. The OpenShift platform was initially launched in 2015 to provide a flexible developer environment for container applications to software developers, while Red Hat’s technicians maintained the back end of the platform.

In February of this year, Red Hat decided to join the burgeoning blockchain space by signing up for Linux Foundation’s Hyperedger project. Julio Tapia, Director of the OpenShift platform, told CoinDesk that Red Hat is looking to bring the innovations in the blockchain industry to the enterprise market, “We want to position ourselves with not only customers and partners, but leverage solutions developed in the entire ecosystem, taking all the innovation going on in the industry, maturing it for an enterprise market and making sure all the solutions can be launched and supported.” said Tapia.

According to Tapia, OpenShift is currently available only on Amazon, but Red Hat has plans to bring the platform to Google and Microsoft Azure at some point in the near future. The official release notes that Red Hat’s decision to join the HyperLedger project – as well as the launch of the OpenShift Blockchain initiative – are only the first steps in the company’s strategy to advance and contribute to the rapidly-growing blockchain ecosystem: “Through this upstream work, Red Hat is contributing to the development of distributed ledger technology that is well-suited for a variety of industries including: finance; manufacturing; banking; insurance; and the Internet of Things.“

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