Binance announces that it will destroy the BNB Tokens assigned to the team

Binance announces that it will destroy the BNB Tokens assigned to the team

Binance CEO has promised to destroy all the BNB Tokens allocated to the team. Currently, they are worth about $ 2.5 billion.

Changpeng Zhao said that instead of settling the tokens, the team unanimously voted to destroy them.

Meanwhile, even if the team no longer holds chips, Zhao says there are incentives for users and the exchange will remain well organized. Binance will continue to be one of the largest holders of the BNB, the difference being that any exchange-held tokens will have been acquired through its services or purchased directly from the holders.

Zhao said he remains committed to finding ways to increase the price and value of the NBB. Three hours after the announcement, the price of the BNB rose from $ 29 to $ 32.45. Currently, the token has returned to $ 30.

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Tom Lee: Trump’s comments are advertised for crypto money

Last week, President Trump criticized Bitcoin and cryptomonads, arguing they are worthless and used for illegal activities.

Fund’s analyst and main partner Thomas Lee believes that Trump’s Tweet will have the unintended effect of bringing Bitcoin more attention. Lee explained that Trump’s contempt for Bitcoin, Libra and cryptomonas generally “makes the audience 99% more aware” of Bitcoin. Ironically, Trump even explained the concept with the phrase

“Negative advertising is sometimes better than no advertising.”

With Lee’s optimism, Bitcoin fell below $ 10,000 this weekend and is currently trading at $ 10150.

Anti-Libra bill

A bill named “Keep Big Tech Outside of Finance” was recently published online and is supposed to come from the United States House of Representatives’ Financial Services Commission. The information was published by the cripto The Block news site.

Apparently, the project states that major technology companies are not allowed to get involved in the crypto market by issuing or exploiting a cryptomonade. A large company means one with annual revenues of more than 25 billion dollars.

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The Facebook Libra project is scheduled for hearings before the Senate Banking Committee on July 16 and the Financial Services Committee on July 17.

Miami Dolphins adopts Litecoin

The American football team Miami Dolphins announced that Litecoin will become the official cryptomonade of the club.

Announced by the Litecoin Foundation, the partnership will begin on September 5, the beginning of the NFL season in 2019. Miami Dolphins fans will be able to buy lottery tickets with Litecoin and Bitcoin. Half of the value of the tickets will be donated to the Miami Dolphins Foundation and its charitable causes.

Procurement will be mediated by Alliance Payments


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