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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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Utocat raises 500,000€ to strengthen its API Blockchainiz




Utocat announces its first fundraising of 500.000€ from Business Angels, BPIFrance and the investment fund Leap Ventures. The objective is to strengthen the API Blockchainiz and to accelerate its commercialization.

Utocat in a few words
Utocat was created in October 2014 by Clément Francomme to help merchants accepting bitcoin payments and converting it directly in euros. In 2015, Utocat joined the EuraTechnologies acceleration program and pivoted to propose Blockchainiz : the dedicated access platform for Banks and Insurance companies. Laurent Koszyczek and Alexis Mévellec partnered with Clément Francomme to improve the technical and commercial aspects.

Blockchainiz API
The platform has been quickly adopted by major Banks and Insurance companies. Blockchainiz simplifies the use of the blockchain : Workflow for non­public shares, interbanking flows, lifecycle for a life insurance or identity verification. Hence, the API enables clients to save costs, reduce delays and increase security especially for their long processes. The customer experience is naturally improved.

After the fundraising
This fundraising will consolidate the platform as Utocat expands its technical team. The commercial team will also be strengthened to accelerate the adoption of the product. The fundraising confirms the position of Utocat as a major actor in blockchain technology for the bank and insurance sector in Europe.

Clément Francomme, CEO: "The Blockchain technology is now a topic seriously taken by banks and insurance companies : it is going forward. Our clients appreciate the fact that our product focus on their activities".

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