Blockchain and Cryptocurrency: People, Culture and Tech
The goal, Binance said at BTCST’s launch, is to “create an efficient market for Bitcoin’s mining power in ways similar to how Grayscale Bitcoin Trust creates institutional liquidity for Bitcoin.”
Roskomnadzor banned Binance’s domain in late September for distributing prohibited information—specifically, instructions about acquiring digital currencies such as Bitcoin (BTC). This may be surprising to some, but Russians are still very much wary of cryptocurrencies. According to a report released at the time, only one in 10 locals would consider investing in digital assets.
The story in question, “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators,” claimed that Binance set up American crypto exchange Binance.US as a way to “intentionally deceive regulators and surreptitiously profit from crypto investors in the United States.”
According to a Nov. 11 announcement, Binance is granting most of the $250,000 reward that the exchange offered to pay for information leading to the arrest of the March 7, 2018 attackers. “Sometimes #SAFU takes time,” Binance CEO Changpeng “CZ” Zhao tweeted. “This took 2 years of effort, with close collaboration with multiple law enforcement agencies globally. But we don't give up.”
