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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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Bitcoin price climbs to highest level in nearly 3 years


Bitcoin traders are finally moving past the collapse of Tokyo-based digital-currency exchange Mt. Gox.

The price of a single bitcoin US:BTCUSD touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars’ worth of customers’ bitcoins from Mt. Gox, formerly one of the world’s largest bitcoin exchanges, sent prices plunging.



Charles Hayter, founder and chief executive officer of Cryptocompare, which provides data and analytics about the digital-currency market, said this most recent price run-up is likely due to a combination of factors: President-elect Donald Trump’s victory in the U.S. presidential election, China’s continuing devaluation of the yuan and worries that Italians might vote “no” in Sunday’s referendum.

Finally, elevated trading volumes in India suggest that Indian Prime Minister Narendra Modi’s decision to scrap the country’s 500- and 1,000-rupee notes have also contributed to the increase, Hayter said.

The Mt. Gox hack, which forced the exchange into bankruptcy, raised concerns about lax security in the unregulated digital-currency space, effectively ending an era of exuberance that had sent the price of a single coin to an all-time high near $1,200 just months before.

Bitcoin prices have been steadily rising all year, with investors pointing to the softening Chinese yuan USDCNY, -0.0044%  as the primary culprit.


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