The platform will allow direct deposits to invest in bitcoin and withdrawals from bank accounts using the U.K. Faster Payments Service and the Single Euro Payments Area network. This will purportedly make the crypto trading experience on the platform smoother for all investors.
Teana Baker-Taylor, director of Binance U.K., said that with more maturity in the crypto market, Binance is creating more investment options for traders to participate in the crypto market. They are building “products that earn a yield for participation, like staking and passive savings,” she added.
Spike in institutional investment on Binance
According to Binance, its platform saw an increase in the number of institutional clients — which jumped 47% since Q4 2019 — along with a concomitant surge in trading volumes.
Institutional volumes, Binance claimed, had risen by 113% during the first quarter of 2020 on spot transactions. It also registered an increase of 217% on futures investment. To that end, Taylor said:
Decentralized Infrastructure-as-a-Service company CPUcoin announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC).
The initiative will devote unused computing power to research regarding the coronavirus.
Users who download and install CPUcoin’s CGN Miner platform and the BOINC open-source software support the IBM World Community Grid and [email protected] projects with their unused computing power, and in turn, will earn cryptocurrencies.
[email protected] focuses on researching proteins that comprise the novel coronavirus to produce therapeutics and diagnostics.
IBM World Community Grid works on predicting the effectiveness of particular chemical compounds as possible where to invest bitcoin The World Economic Forum (WEF) hopes to make corrupt activity in the public sector more difficult using blockchain technology.
“Corruption is a ‘high-potential’ space for blockchain because you really benefit from decentralization; records are very difficult to remove or censor, for instance,” WEF blockchain project lead Ashley Lannquist told Cointelegraph.
Lannquist is one of the authors behind a June report detailing how the WEF, the Office of the Inspector General of Colombia and the Inter-American Development Bank have formed, "a multistakeholder team to investigate, design and trial the use of blockchain technology for corruption-prone government processes."