Binance U.S. to Launch in Coming Weeks
Binance U.S. is planning to launch in the “coming weeks” according to a company blog post. At launch, the exchange will only be available via its website with plans for a mobile app. The exchange will require users to go through a KYC process by uploading a valid government ID and their Social Security numbers. The exchange is in the process of finalizing the list of states where it will initially offer its trading platform. Initially, Binance U.S. won’t serve New York State residents. (Positive)
World’s Purportedly First Blockchain-Enabled Smartphone to Become Available in New Market
Finney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh.
According to a report on Sept. 9, the Bangladesh Telecommunication Regulatory Commission approved the phone for import in August and it will be available on the Bangladeshi market in October.
Per GSMA, the increasingly urbanized population has been buying more smartphones as cheaper devices come to market, and in this regard, Finney’s price is more comparable with high-end phones available in Bangladesh. Finney debuted last year with a cost of $999, while the Samsung Galaxy S10 is available on local phone market MobileDokan for 74,900 taka ($894).
Switzerland-based Sirin Labs developed the phone following one of the five-largest initial coin offerings of 2017 ($157.8 million). The phone features a built-in cold storage wallet, secured communications and a decentralized application ecosystem.
Sirin Labs’ co-founder and co-CEO Moshe Hogeg said that Finney — which is manufactured by electronics giant Foxconn Technology Group — brings multiple facets of blockchain and crypto into one device:
“Before the Finney, you needed a ledger, you needed a computer, you needed wallet software and then you needed to go to an exchange, and then you could convert. The Finney does all of this in one phone.”
The Bangladeshi government plans to send 100 new IT graduates abroad to improve expertise in the fields of distributed ledger technology, artificial intelligence, machine learning and cybersecurity. (Positive)
Binance Charity Accepts Cryptocurrency Donations for Hurricane Relief
Binance Charity, the philanthropic wing of major cryptocurrency exchange Binance, has begun a campaign to help support victims of Hurricane Dorian.
On Sept. 5, Binance Charity started accepting cryptocurrency donations for a campaign that will help provide food and aid for hurricane victims through local organizations in affected areas.
On the campaign website, Binance states that donations in Bitcoin (BTC), Binance Coin (BNB) and XRP will be distributed to the Hurricane Relief Project. At press time, the campaign has received 14 donations for a total of 0.558 BTC ($5,852.90). None of the funds have been distributed yet.
According to Binance Charity, the donations and eventual disbursements will be recorded on a blockchain, making the process more transparent. In addition to asking the blockchain and crypto communities for donations, Binance Charity has also asked for recommendations on how to make disbursing aid faster and more effective. (Positive)