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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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Goldman Sachs-Backed Tradeshift Eyes Blockchain After Successful $250 Mln Funding Round



Cloud-based supply chain company Tradeshift said it would push blockchain development with cash it received from its latest funding round Wednesday, May 30.

The Series E round, which included Goldman Sachs among its major contributors, was worth $250 mln, bringing the total investment funding to over $400 mln.

Identifying key areas for growth, Tradeshift noted both blockchain and artificial intelligence, which it will pursue via its Frontiers innovation lab which it launched in January this year.

"We have always believed that the future of supply chains is 100 percent digital and that connecting trade is just the first step to a digitally connected economy," Tradeshift CEO and co-founder Christian Lanng said in an accompanying press release, continuing:

"This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome Goldman Sachs and PSP Investments as our newest investors and look forward to their valuable contributions as we enter our next growth phase."

The move paves the way for further integration of blockchain technology into the trade supply chain industry, something which various major corporations, banks and governments are already examining.

Goldman Sachs' investment choice is also pertinent, coming at a time when the conglomerate is seeking to enhance both its blockchain and cryptocurrency exposure. Earlier this month, an executive appeared to confirm Goldman would soon launch Bitcoin futures and subsequently offer more direct investment options.

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