MobileCoin, a new privacy-centered cryptocurrency, announced that Binance Labs will lead a $30 mln round of fundraising for the project, according to a Medium post April 24.The blog post stated that the Blockchain technology incubator associated with the Binance cryptocurrency exchange is leading a $30 mln round of investment denominated in Bitcoin and Ethereum.
According to TechCrunch, the new cryptocurrency could "Enjoy 'priority consideration' for being listed on Binance as part of the relationship."
In addition to working with Binance Labs, MobileCoin has on-boarded talent like Moxie Marlinspike, founder of encrypted messaging app Signal, as a technical advisor.
Shane Glynn, who has served as product counsel at Google since 2010, work as legal counsel, ensuring MobileCoin is compliant with crypto regulations.
In the MobileCoin whitepaper published in December 2017, the project's creators described their intention to develop a "Fast, private, and easy-to-use cryptocurrency that can be deployed in resource constrained environments to users who aren't equipped to reliably maintain secret keys over a long period of time, all without giving up control of funds to a payment processing service."
"MobileCoin is designed so that a mobile messaging application like WhatsApp, Facebook Messenger, or Signal could integrate with a MobileCoin wallet."
"A mobile-first, user-friendly cryptocurrency, like MobileCoin, plays a critical role in driving mainstream cryptocurrency adoption. The MobileCoin team and Binance Labs share a common vision and we are proud to be a supporter of what they are doing."
The collaboration intends to support economic development of the East African country by generating employment and attracting investment to the country.
Binance Labs Leads $30 Mln Fundraising Round For New Privacy-Centered Cryptocurrency
Publicado en Apr 25, 2018
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.