BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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Source: CoinSpeaker

Binance CEO backs VeChain after being added to the platform’s Trust Wallet

On 27th September, Trust Wallet, a mobile Ethereum Cryptocurrency announced on Twitter that it has released support for VeChain [VET] and VeChain Thor [VTHO]. The wallet has also disclosed the integration of Wanchain [WAN] to its platform.
Trust Wallet’s official announcement | Source: Twitter
Trust Wallet was recently acquired by cryptocurrency exchange, Binance with an aim to provide better services and enhanced safety and security to users. Trust wallet has retained its anonymity post the acquisition and therefore users will have access to both the VeChain and Wanchain currencies via Trust’s multi-coin wallet on iOS and Android devices.
The wallet is a decentralized application [dApp] that is open source and anonymous with support for ERC20, ERC223, and ERC721 tokens including digital assets such as Ethereum [ETH], Ethereum Classic [ETC], and GoChain [GO]. Changpeng Zhao aka CZ, the CEO of Binance stated:
“One of the best mobile wallet for your crypto just got better!  BUIDL!”
Trust Wallet has also announced that they plan to add support for Bitcoin [BTC], Tron [TRX] and NEO in the following year.
At the time of writing, VeChain [VET] was sitting at the 19th position in terms of market capitalization. At press time, VET was trading at $0.012 with a market capitalization of $706 million.
A Redditor named Bossanovawitcha commented:
 “Goes out of his way to note Vechain is first staking coin supported. It is quite noteworthy in and of itself.”
Another Redditor named Marmot1991 stated:
“But for now that wallet support just ETH and ETH tokens. Binance buys this wallet and now the first coin on its own network is VeChain. I think this is one of a kind of support.”
A Twitter user named Tommyp408 said:
“It is a free world. Each person can choose where they want to live or conduct their business at Binance should operate in a country that has regulations that support crypto. I guess this is why so many other blockchain companies are moving to Malta.”
The post Binance CEO backs VeChain after being added to the platform’s Trust Wallet appeared first on AMBCrypto.
Source: AMB Crypto

Binance Acquires Cryptocurrency Wallet Provider, Vows to Make More Deals

Mergers and acquisitions (M&A) are a common theme within the capital markets industry and as the cryptocurrency ecosystem matures, M&A announcements are expected to follow the same trend.
The news today is that Binance, one of the world’s largest virtual currency operators, has acquired cryptocurrency wallet provider Trust Wallet in an effort to give control back to its customers.
Binance Acquires Cryptocurrency Wallet Provider Trust Wallet
Binance has entered the M&A space for the first time, choosing to buy the cryptocurrency wallet provider and decentralized-application browser.
Trust Wallet was launched in November 2017 and enjoys a reputation for security by never requesting user data or private information, as Binance CEO, Zhao Changpeng told Bloomberg.
“The users control 100 percent of their funds. Now we have both a decentralized and centralized solution for custody.”
With this deal, Binance will add an on-chain mobile wallet to the list of the operator’s services possibilities. The acquired company will maintain an autonomous brand, which is free to develop the core product and explore the exchange’s broad user base and the upcoming decentralized exchange.
This open source, decentralized and anonymous Ethereum, ERC20, ERC223, and ERC721 mobile wallet gives customers the ability to store over 20,000 different Ethereum-based tokens. Its guiding principles state they will never access user wallets, hold private keys, or ask for personal information from users. Binance now has the best of both worlds, according to Changpeng.
“Wallets are the most fundamental interface to the crypto economy, and a secure and easy-to-use wallet is key to proliferate the adoption of cryptocurrencies,” he said. “Trust Wallet is simply the best in this category in my opinion. Trust Wallet is an on-chain wallet, where user private keys are decentralized, ie, stored on user devices. This compliments the centralized architecture of Binance nicely. Now we have the best of both worlds, and users have their choice.”
Binance Probes Cryptocurrency Ecosystem for More M&A Deals
Zhao told Bloomberg that the acquisition of Trust Wallet was not highly priced and that the cryptocurrency wallet provider does not have a lot of users, which indicates that Binance values its core technology. The virtual currency operator is said to be probing the market for more deals and it is in early-stage talks with other companies.
Binance, who celebrated its first year of operations on July 14th, rose to prominence in the first six months live and has been disputing the first place in the cryptocurrency exchange ranking since then.
Featured image from Shutterstock.
The post Binance Acquires Cryptocurrency Wallet Provider, Vows to Make More Deals appeared first on NewsBTC.
Source: New feedNewsBTC.com