A major cryptocurrency exchange Binance is testing a British pound stablecoin on its native blockchain on Binance Chain, as claimed by a Twitter user, CryptosBatman on June 3.
BIG NEWS!
It looks like @Binance has issued their Stable Coin $BGBP on Binance Chain!
It's incredible how fast Binance moves. I can't say enough how big this is for Binance and Binance Chain.
Expect $BNB to skyrocket from here! pic.twitter.com/FAEdvMG2tF
— BATMAN ? (@CryptosBatman) June 3, 2019
CryptosBatman claims that he noticed that the listing “$BGBP” on the Binance platform. Commenting on the Tweet, Changpeng Zhao, the CEO of the exchange confirmed that a pound stablecoin is in the testing phase.
https://twitter.com/cz_binance/status/1135486986788040705
Last month, Zhao received a lot of wrath for posting about potentially rolling back transactions (re-org) on the exchange after a $40 million hack. Later Zhao apologized for the incident:
“Given how much I talk, I sometimes say the wrong stuff, dirty words like ‘reorg’, for which I apologize. It is my strong view that our constant and transparent communication is what sets us apart from the “old way of doing things”, even and especially in tough times.”
Zhao has reportedly sought damages from venture capital firm Sequoia Capital China allegedly claiming that they have damaged his reputation and business due to an improperly-obtained injunction against him in 2017.
Binance DEX, the decentralized exchange (DEX) by the exchange announces that it will block users access hailing from 29 countries. The said message is raising concern from many members of the crypto community as it indicates that the DEX is in fact not decentralized.
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