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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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Is PayPal Backing Out Of Libra Deal?


The controversial essence of what is Facebook's Libra cryptocurrency has just been hit significantly according to recently surfaced news.

A spokesperson for the payment giant Paypal spoke to the Wall Street Journal on Friday afternoon and said that the firm has decided to "forgo further particpiation" on the project. However, despite this, they added that the payment network will continue to support the goal of Libra which is to 'democratize finance'. This would mean that is will keep it options open with Facebook for the future.

The PayPal representative said:
"We remain supportive of Libra's aspirations and look forward to continued dialogue on ways to work together in the future. Facebook has been a longstanding and valued strategic partner to PayPal, and we will continue to partner with and support Facebook in various capacities."

This is an announcement that came shortly after sources to the Financial Times said that PayPal spokespersons didn't make an appearance at the Washington-based Libra conference. Sources went onto say that out of the 28 corporate backers of the upcoming stablecoin, PayPal was the only one who didn't turn up to the meeting. What this was down to is unknown, however, it's important to keep an open mind and not presume the worst.

It's also worth noting that by not turning up to support the Libra Association, PayPal hasn't actually betrayed any formal contracts or agreements. Gabrielle Rabinovitch, the Vice President of investor relations at PayPal, said in August that the firm's participation in the crypto venture was one backed by a "non-binding" contract.

Apple
We recently got the opinion of Apple's Tim Cook and what he thinks of cryptocurrency and Libra. However, when being asked whether Apple is planning to create a currency, Cook said:
"No. I deeply believe that money must remain in the hands of states. I am not comfortable with the idea that a private group creates a competing currency. A private company does not have to seek to gain power in this way. Money, like Defense, must remain in the hands of States, it is at the heart of their mission. We elect our representatives to assume government responsibilities. Companies are not elected, they do not have to go on this ground."

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