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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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Twitch Plans To Launch Virtual Currency Stream+ In The Coming Months




Twitch Wants Its Own Virtual Currency
It seemed to be only a matter of time until Twitch decided to issue its own virtual currency. Rewarding streamers and viewers for their loyalty and activity is a smart business strategy. In fact, avid Twitch users won’t have to set up anything, as the company will take care of every single aspect of issuing and using Stream+.

What these points will be used for remains a bit vague right now. Amazon Game Studios’ Patrick Gilmore told the BBC the Stream+ currency could be used for polls and wagering. Moreover, there are plans to make them usable for items to use within games. No specific titles or items were mentioned at the time of publication, though.

That being said, there is one game that has been confirmed to use the Stream+ currency. Amazon Game Studios will release Breakaway soon, which is a multi-player game designed to compete with the likes of Activision Blizzard, Riot Games, and Valve.
There is one worrisome aspect about the whole Stream+ ordeal. Neither Amazon nor Twitch is keen on releasing critical information regarding the inner workings of this currency. It remains unknown how these points will be issued, how many there are, and whether or not they will use a distributed ledger.

More importantly, gambling regulators are taking a closer look at exports and gaming services. Since bettors can wager on these games through dedicated platforms– including with cryptocurrency — this decision to issue a native virtual currency comes at an interesting time. Whether or not the Stream+ currency can be exchanged against real money remains unknown for now.

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