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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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German Government Denies Help To Struggling Banks, Including Deutsche Bank





Moving Away From Deutsche Bank Before The Ship Sinks
Rumors about the demise of Deutsche Bank have been floating around for a few years already. The German financial institution is facing a lot of scrutiny over their practices and fines. Moreover, there are plenty of questions regarding the bank’s financial capacities, as many people feel they have overstretched.

So far there is no real indication Deutsche Bank will be going down anytime soon. At the same time, banks can collapse overnight, which is not putting people’s mind at ease right now. For those who were hoping Germany would bail out its own banks if something were to go amiss, a reality check came in late last night.

The German government has indicated that there are zero plans to provide rescue packages to any failing bank in the nation. Whether it is a small online bank, or even Deutsche Bank, everyone will have to fend for themselves. Such a public dismissal of any help packages will only fuel the fire of speculation regarding Deutsche Bank, though.

This decision comes at an interesting time in which the financial ecosystem continues to struggle. Hardly any bank is achieving projected profits, and customers are withdrawing funds at every possible turn. Many financial experts have always labeled Deutsche Bank as “too big to fail”, but they may be proven wrong shortly.

Things have gone from bad to worse for what once was one of the most successful European players on Wall Street. With multiple lawsuits hitting the bank throughout the years totaling over US$13.5bn, it became apparent that things cannot be maintained indefinitely. Furthermore, DB only barely scraped by the European stress tests conducted to gauge banks’ responses to a looming crisis.  This story will undoubtedly continue over the next few months

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