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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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Canaan Creative enters strategic partnership with Northern Data



Crypto mining firm Canaan Creative has announced it has teamed up with blockchain firm Northern Data in a wide ranging strategic partnership.

According to the announcement, Canaan will work alongside Northern Data to pool resources and expertise towards developing on a number of technological and operational fronts. The cooperation will include work on artificial intelligence, blockchain development and data center optimization at scale.

NG Zhang, CEO at Canaan Creative, said the partnership would help the firm expand into new markets, as well as fostering technological advancement: "Our R&D team is collaborating with Northern Data. Both sides have achieved positive results. In addition, Northern Data will provide computational resources support for our overseas R&D in the U.S. Canaan looks forward to further cooperation in product development, AI, and high-performance computing."

Canaan Creative is the second biggest manufacturer of crypto mining equipment in the world. Northern Data specializes in developing high power computing infrastructure, including for blockchain technologies.

Aroosh Thillainathan, CEO of Northern Data AG, said the partnership would help unlock the "massive potential" of blockchain technology.

The partnership follows on from a similar arrangement reached by Northern Data in recent weeks with SBI Crypto, a subsidiary of Japanese financial giants SBI Holdings.

It comes ahead of the firm's plans to launch a new data center in Texas, which will power one of the world's largest crypto mining firms, with a capacity of up to 300 megawatts.

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