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| comment | | "parent_author":"",<br>"parent_permlink":"binance",<br>"author":"kashifnaseem",<br>"permlink":"binance-labs-leads-usd30-mln-fundraising-round-for-new-privacy-centered-cryptocurrency",<br>"title":"Binance Labs Leads $30 Mln Fundraising Round For New Privacy-Centered Cryptocurrency",<br>"body":"![725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lZDQ4MzA4ZDU3MzM3ZGQyNjJjNmUyZGVhNTE4ZWFkZC5qcGc=.jpg (https:\/\/steemitimages.com\/DQmVsDpvpWK5hxHNnC8UaJt1b88zbFHRsgrxiLUbfEophB6\/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lZDQ4MzA4ZDU3MzM3ZGQyNjJjNmUyZGVhNTE4ZWFkZC5qcGc%3D.jpg)\n\nMobileCoin,<br> a new privacy-centered cryptocurrency,<br> announced that Binance Labs will lead a $30 mln round of fundraising for the project,<br> according to a Medium post April 24.\n\nThe 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 (BTC) and Ethereum (ETH). According to TechCrunch,<br> the new cryptocurrency could \u201cenjoy \u2018priority consideration\u2019 for being listed on Binance as part of the relationship.\u201d\n\nIn addition to working with Binance Labs,<br> MobileCoin has on-boarded talent like Moxie Marlinspike,<br> founder of encrypted messaging app Signal,<br> as a technical advisor. Shane Glynn,<br> who has served as product counsel at Google since 2010,<br> work as legal counsel,<br> ensuring MobileCoin is compliant with crypto regulations.\n\nIn the MobileCoin whitepaper published in December 2017,<br> the project\u2019s creators described their intention to develop a \u201cfast,<br> private,<br> and easy-to-use cryptocurrency that can be deployed in resource constrained environments to users who aren\u2019t equipped to reliably maintain secret keys over a long period of time,<br> all without giving up control of funds to a payment processing service.\u201d\n\nMobileCoin will reportedly use the Stellar Consensus Protocol in order to synchronize to the coin\u2019s network and assure scalability and speed,<br> while the end product will be integrated into mobile messaging apps:\n\n \u201cMobileCoin is designed so that a mobile messaging application like WhatsApp,<br> Facebook Messenger,<br> or Signal could integrate with a MobileCoin wallet.\u201d\n\nBinance Labs commented on the funding:\n\n \u201cA mobile-first,<br> user-friendly cryptocurrency,<br> like MobileCoin,<br> 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.\u201d\n\nRecently,<br> Binance partnered with Ugandan Blockchain organization Crypto Savannah. The collaboration intends to support economic development of the East African country by generating employment and attracting investment to the country.",<br>"json_metadata":" \"tags\":[\"binance\",<br>\"lab\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmVsDpvpWK5hxHNnC8UaJt1b88zbFHRsgrxiLUbfEophB6\/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lZDQ4MzA4ZDU3MzM3ZGQyNjJjNmUyZGVhNTE4ZWFkZC5qcGc%3D.jpg\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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