US Customs and Border Protection Advisory Group To Launch Blockchain Shipping Proof-of-Concept

An advisory committee for the and Protection (CBP) has revealed that they are intending to launch a live test of its blockchain-based intellectual property rights proof of concept. The panel is called Commercial Customs Operations Advisory Committee (COAC) and has been monitoring the agency’s blockchain tests and had been expected to submit […]
Source: bitcoinexchangeguide
US Customs and Border Protection Advisory Group To Launch Blockchain Shipping Proof-of-Concept

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US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

A branch of U.S. and Protection will trial a blockchain-based shipping solution starting in August


Source: cointelegraph
US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

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US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

This article was originally posted on Cointelegraph – an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen […]
Source: cryptonewsmonitor
US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

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<h1>Binance US Set To Launch By November</h1>

<h1>Binance US Set To Launch By November</h1>

This article was originally posted on ETHNews – an emerging provider of Ethereum and Blockchain news. They cover breaking news, announcements, information, and in-depth analyses […]
Source: cryptonewsmonitor
<h1>Binance US Set To Launch By November</h1>

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Is The US-China Trade War Turning Bitcoin Into A Safe Haven Asset?

Is The US-China Trade War Turning Bitcoin Into A Safe Haven Asset? submitted by /u/Daavis
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Source: CryptoCurrency
Is The US-China Trade War Turning Bitcoin Into A Safe Haven Asset?

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Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says

The dedicated U.S. of cryptocurrency exchange should go live by November, according to CEO Changpeng “CZ” Zhao.
Source: worldnewsoffice
Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says

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Binance US Crypto Exchange Could Launch in Two Months, But No New York

The division of leading exchange could go live before November according to its enigmatic CEO, Changpeng Zhao. The regulated fiat to crypto exchange would serve American customers that are increasingly getting excluded from other exchanges.

In an interview with Cheddar this week ‘CZ’ said a lot of things were in flux but he expected the launch to happen ‘within a month or two’. The world’s top crypto exchange will work in partnership with BAM Trading Services which will provide local services for the Malta based company. In the original announcement in June, CZ stated;

“Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.”

No Crypto For New Yorkers

new york

At the moment however, BAM does not have the requisite BitLicense to offer crypto trading services in New York. Zhao added that the exchange will initially not be available to New Yorkers but he intends to apply for the license from the New York State Department of Financial Services. BAM is regulated by the US Financial Crimes Enforcement Network (FinCEN), but this does not include New York which comes under tougher regulations by the NYDFS.

The ‘Big Apple’ state has been harsher on crypto firms than elsewhere in the US which has led to a number of operators simply shuttering their digital doors there. Regulators across the nation have also dragged their feet with regards to crypto regulation as a misunderstanding and lack of clarity hampers efforts to ignite the industry.

CZ appears unperturbed though as his global ambitions know no bounds, he added;

“The U.S. historically has made very clear regulations, so we hope that will clear up. At the same time, some early adopters in this space will be better rewarded. There are uncertainties in the regulatory space, but we’re willing to try.”

The US is a big market for Binance with over 20% of its dot com traffic originating there according to The Block. In terms of daily US volume, the report added that Binance is already ahead of the competition with $1.2 billion compared to $660 million on Coinbase Pro, $355 million on Kraken, $75 million on Gemini and $47 million on Poloniex.

Zhao added that full regulatory compliance is paramount and that he has full confidence in their local partners. Binance.US will list 30 crypto assets initially, including the major ones and a few other lower cap altcoins such as HOT, MANA, RVN, NANO, LOOM, ZIL, REP and ZRX. Strangely the two largest crypto currencies on the planet, and Ethereum, were not included on the list.

Image from Shutterstock

The post Binance US Crypto Exchange Could Launch in Two Months, But No New York appeared first on NewsBTC.


Source: newsbtc
Binance US Crypto Exchange Could Launch in Two Months, But No New York

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Alibaba Filing US Patent for Blockchain Domain Name Scheme

Coinspeaker
Alibaba Filing US Patent for Blockchain Domain Name Scheme

Chinese internet giant Alibaba Group applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”

Their latest application was filed on Aug. 15 as an extension of their first application made in November 2018. According to the , plans to patent a system that uses a so-called “unified blockchain domain name” (UBCDN) in order to designate and share information.

Alibaba also suggests using a special computing system with a view to creating a UBCDN message that has a blockchain domain name and a chain identifier which is linked to that name.

The filing specifically points out that the UBCDN message contains “a UBCDN of the blockchain instance, a digital signature of an owner of the UBCDN of the blockchain instance (a UBCDN owner) on the UBCDN, and a domain certificate of the UBCDN.”

Following everything that has been thoroughly explained in the patent application, this UBCDN system is meant to be used as merged methods of managing domain names in cross-chain interactions across blockchain systems.

The patent explains several instances in which this technology could be used, including those in the blockchain sector, especially by managers.

The application says:

“Furthermore, the UBCDN can include a human readable identifier or label, helping users to memorize and reach a blockchain instance easily, and thus promoting adoption or use of the blockchain instance. As an example, owners or operators of public blockchains, private block chains, or consortium blockchains can choose blockchain domain names that correspond to their names, helping users to remember the identifiers of the blockchain instances.”

The patent also explains the system as an improvement over existing interoperable blockchain networks, saying:

“Unlike existing cross-chain implementations such as COSMOS, that uses a relay chain for cross-chain interactions, in which each blockchain is assigned an identifier (ID) within the relay chain network but the ID only has a local scope and cannot be reused in other relay chain networks, in the described domain name scheme, the UBCDN can be used and is recognizable globally by all blockchain instances in the unified block chain network.”

Already in May this year, Alibaba chose to integrate blockchain technology into its intellectual property (IP) system made for global enterprises and brands. This new system is said to provide brands from different countries with a possibility to make e-deposits on Alibaba’s blockchain-powered platform. As a result, they will have the right to file intellectual property complaints.

Alibaba Group VP, Liu Song, then explained that the company was considering a variant of utilizing the technology in complex supply chains in order to create a closed eco-system that would be linked with local governments.

In other news, the group released their quarter results yesterday raising trust from the investors.

Maggie Wu, Chief Financial Officer of Alibaba Group said that revenue grew 42% to $16,741 million, and adjusted EBITDA went high more than 25% year-over-year to $5,976 million.

Daniel Zhang, Chief Executive Officer of Alibaba Group said that the company had a great quarter, and had expanded thei user base to 674 million annual active consumers.

In June 2019, their retail marketplaces had 755 million mobile active users which reflects a significant increase on a quarterly base.

Alibaba Filing US Patent for Blockchain Domain Name Scheme


Source: coinspeaker
Alibaba Filing US Patent for Blockchain Domain Name Scheme

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Binance US Bitcoin Exchange Will Launch ‘In Couple Of Months’ Says CZ

binance coin bnb

exchange will launch its platform to everyone except New York residents by the end of October, its CEO has revealed.


Binance Will Not Serve New York

Speaking to news magazine Cheddar in an interview on August 15, Changpeng Zhao, also known as CZ, said preparations were underway to get Binance US to market.

“I would say in a couple of months now… I don’t want to promise any fixed dates… there’s a lot of work being done and a lot of things going on in flux, but I would say in a month or two,” he told the publication.

The latest hint will doubtlessly excite US cryptocurrency traders, who remain shoehorned in by mixed regulatory practises on a local and national level. 

As Bitcoinist reported, many major platforms have frozen US residents out of using their offerings in order to avoid legal complications. Derivatives giant BitMEX is currently at the center of an investigation over alleged failure to stop US traders signing up for its services.

Continuing, CZ likewise said Binance would be forced to segregate its US product due to local differences. Specifically, Binance will not offer its product to New Yorkers due to not having a BitLicense, the highly controversial document introduced in 2015.

“…Our local partner doesn’t have the BitLicense, so I guess the short answer is no initially,” he said about whether Binance US would debut in New York.

Sympathy For US Regulators

Commenting on the regulatory status quo in the US, CZ appeared less frustrated than many business leaders, notably Kraken CEO Jesse Powell.

“In a large market, it is harder to regulate, because you have more people, more cases to consider,” he said. “Whereas in a small market, it’s much easier to make the rules very relaxed and then examine issues on a case-by-case basis.”

Currently, the US is heading multiple legal processes involving well-known cryptocurrency entities. Among them is Ripple, the supposed issuer of cryptocurrency XRP, accused of selling unregistered securities.

The same accusation forms the focus of a lawsuit against Kik, the Canadian instant messaging platform which conducted a $100 million initial coin offering (ICO) in 2017. 

October meanwhile also forms the next deadline for authorities to decide whether they will allow a Bitcoin exchange-traded fund (ETF) to debut on the US market. 

Opinions on the likelihood of an approval vary, the process already dragging on for over two years since the Securities and Exchange Commission (SEC) initially denied permission in March 2017.

What do you think about Binance’s US launch? Let us know in the comments below!


Images via Shutterstock

The post Binance US Bitcoin Exchange Will Launch ‘In Couple Of Months’ Says CZ appeared first on Bitcoinist.com.


Source: bitcoinist
Binance US Bitcoin Exchange Will Launch ‘In Couple Of Months’ Says CZ

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Binance to Resume US Operations Within Two Months, Predicts CEO CZ

to operations in the within two months, according to CEO Changpeng Zhao


Source: cointelegraph
Binance to Resume US Operations Within Two Months, Predicts CEO CZ

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