BINANCE STARTS PEER TO PEER TRADING FOR CHINESE YUAN


Binance makes some major moves in the world of peer to peer transactions, and Mark Zuckerberg is set to testify about Libra before the U.S. Congress, let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. The cryptocurrency exchange Binance has started accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao confirmed in a tweet on Oct. 9. Zhao was quick to clarify that Binance is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions. How will this move by binance affect the binance platform, and also Alipay and Wechat? Facebook CEO Mark Zuckerberg is set to testify before the House of Representatives Financial Services Committee on Oct. 23 all about the firm’s proposed Libra stablecoin project. On Oct. 9, Congresswoman Maxine Waters officially announced that Zuckerberg will attend a congressional hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” This is not the first hearing that congress has had concerning Libra – let’s see if Mr. Zuckerberg can paint the new digital asset and its future in a positive light. Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. Back in September of 2019, reports came out about a Dutch company said to have created the world’s first collection of recycled fabrics made from ocean plastics and whose provenance can be traced via blockchain. The firm, Waste2Wear, put a good for forward, but it is not making a massive shift in the world’s plastic problem. The main problem is volume. More than 8 million tons of plastic ends up in the planet’s oceans every year. That’s 2.1 pounds of ocean waste for every person on the planet. Of that, 90% comes from just 10 river systems, eight of them are in Asia. Can continued efforts in the blockchain space help to fix this problem? Lucas Geiger, a co-founder of blockchain infrastructure startup Wireline, has announced OpenLibra — a permissionless fork of Facebook’s planned stablecoin. OpenLibra’s developers have already released the first version of a permissionless Libra-based virtual machine on GitHub — known as MoveMint — that will run on top of the Tendermint blockchain software. What other major moves will come in the libra space in the near future? The cryptocurrency exchange Binance has launched a peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY). In a recent announcement published the exchange revealed that the service will be initially available to Android users who have had Binance accounts registered for at least 30 days. “P2P Trading, starting with China. Most of CT probably can’t use it yet, but 1.4 billion people can. We will expand the service to other regions soon.” Who will this move by binance affect their platform and the greater crypto space. Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

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