A story written by the blockchain publication The Block blew up on Twitter, after it said Binance had been raided by police with staff members forced to relocate.

Crypto Twitter went into a fevered state after Changpeng Zhao (CZ), CEO of Binance, responded by claiming: “Binance hasn’t had an office in Shanghai for more than two years.”

Zhao didn’t stop there, unleashing a verbal assault against media sources for repeated attacks and negative content on the exchange. Most stories he said were a FUD and that he knows Chinese exchanges are behind them. He also tweeted with regards to The Block, saying, “We will be suing”.

The Block tweeted back saying:

“In spite of other outlets uncritically reporting Binance’s official line on the matter, The Block stands by our sources and reporting that Binance’s Shanghai office was shut down. In the name of transparency, we’ve unpaywalled the article.” Many people were behind this Tweet and voiced their support.

So, does Binance have an office in Shanghai? Well, recent events on Twitter has suggested yes, as OkEx’s Jay Hao laid out all the evidence that shows the heightened possibility. 

The tweets from Hao came after @truthurtm published a thread  (retweeted by CZ) which accused OKEx of conducting the smear campaign and writing fake news on Binance.

Hao was displeased with this assessment and said Binance were paying people to support them and then began pointing out the evidence that Binance does in fact have an office in Shanghai.

The best evidence came from a CoinDesk article which talks about an office in Shanghai in the article. The  headline which read, “Binance Said to Plan Beijing Office Amid China’s Renewed Blockchain Push”has reference to a Binance office in Shanghai. To quote the article, it said: “the new outpost will join Binance’s current mainland China office in Shanghai.”

Hao mentioned another article from Chinese site, Caijing.com which showed actual photos of the Shanghai office, with staff wearing Binance hoodies on October 29th. He also claimed the journalist returned only to find the office empty.

Local Shanghai TV also reported on the Binance office closure. In their report they said  the office shut down was inhabited by BABI Finance, a sub-company related to Binance. 

Binance just one of many exchanges feeling Chinese pressure

China has long been skeptical about cryptocurrencies and the exchanges and a police raid and closure would buck a nationwide trend. Reports have suggested that 39 exchanges in Shenzhen have been flagged for defying the crypto ban.

Furthermore, it is not like Binance is in the good books of the Chinese authorities anyway.  Binance and Tron both had their Weibo accounts closed. The reason? Binace is said to be supporting the Hong Kong protests.

So do Binance have an office in Shanghai? Is CZ just trying to deflect attention away from his company’s China issues? Let us know in the comments.

Singapore, 2 November 2019 – Singapore-based Building Cities and Beyond (BCB) Blockchain announced that BCB will be listed in DOBI Crypto Asset Exchange starting November 5. BCB is a digital currency created to develop smart city solutions for the future, leveraging an infrastructure protocol and an ecosystem built on blockchain technology.

BCB Token’s listing on DOBI Digital Asset Exchange will further solidify its prominence and reputation in the crypto space.

Known for its strict evaluation on listing tokens to its platform, DOBI Trade Digital Asset Exchange is the one of the world’s most accessible cryptocurrency trading platform that aims to create a quick, convenient, and secure trading platform for all. DOBI is also the leading manufacturer and distributor of ready-to-assemble cryptocurrency ATMs.

“The listing will allow BCB to have DOBI’s 100+ countries user base. BCB is a leading smart city blockchain protocol that has good usage volume which matches with our proven track record in the crypto space, ” Jacky, Head of Business Development, DOBI Exchange said.

BCB’s projects are focused on incubating blockchain start-ups, product development and launch of smart city applications, leading to a higher potential of smart city projects. BCB’s protocol comes with APIs that are specifically optimized for the development of distributed smart city applications, such as secure eWallet, smart contracts and peer-to peer messaging applications. BCB aims to build a community of 10,000 developers in Asia. It has physical presence in 8 countries and BCB incubation hubs in 4 of them.

“Our partnership with DOBI provides the BCB community another top exchange for trade information and market capitalization. Dobi also has the blockchain research center in Shenzhen which BCB hopes to develop smart city technologies with blockchain together,” Vanessa Koh, BCB Chief Technology Officer said.

Moving forward, BCB Blockchain is gearing up its partnerships via hackathons and acceleration programs with universities to expand development of the BCB ecosystem to create smart city solutions.

About Building Cities Beyond (BCB) Blockchain

Building Cities Beyond (BCB) Blockchain is a blockchain protocol for the development and infrastructure of smart city solutions. With BCB safe, secure and scalable protocol, the APIs are ready for use for the development of a variety of distributed applications, such as eWallets, messaging applications, integrated payment and enterprise solutions, and many more

For more information, please refer to https://www.bcbchain.io

About DOBI Crypto Asset Exchange

DOBI Trade Digital Asset Exchange is the world’s most accessible cryptocurrency trading platform that aims to create a quick, convenient, and secure trading platform for all. Take advantage of our proven track record and user-friendly interface across all actively-traded token pairs. There’s no steep learning curve as registering an account on DOBI is straightforward and easy.

DOBI is also the leading manufacturer and distributor of ready-to-assemble cryptocurrency ATMs. Ranging from compact makes to premium industrial-grade modules, they can be designed and customised to fit most specifications while offering features such as FIAT acceptance and fingerprint recognition capabilities. For more information, visit https://www.dobiexchange.com.

Media Contact
Dean Bernales
R3d Global
Email: [email protected]
Tel: (65) 6259 3193

Singapore, 16 October 2019 – Singapore-based Building Cities and Beyond (BCB) Blockchain announced that BCB will be listed in DigiFinex Digital Asset Exchange. BCB is a digital currency created to develop smart city solutions for the future, leveraging an infrastructure protocol and an ecosystem built on blockchain technology.

Starting October 16, 2019, 4pm (GMT+8), BCB will be available for trading in the said platform. Headquartered in Singapore, DigiFinex is a world leading digital assets exchange with subsidiary offices in China, HongKong, Japan, Malaysia and Korea. The founding team of DigiFinex are leaders from renowned tech companies such as Xunlei, Tencent, Baidu, with extensive experience in network technologies and Fintech development.

Meanwhile, Digifinex will open deposits for BCB by October 15, 2019, 4pm (GMT+8). Withdrawals for BCB will open in the exchange on October 17, 2019, 4pm (GMT+8).

The platform has managed to establish itself as a trusted digital asset financial exchange among average consumers and investors in the global markets. DigiFinex’s registered user has exceeded 3 million, with more than 800,000 active users from over 150 countries.

Today, DigiFinex ranks around top 5 on CoinMarketCap among 240+ other international exchanges, with more than 100 cryptocurrencies listed, supporting over 100 trading pairs in 4 markets: BTC, ETH, USDT and DFT.

“DigiFinex is dedicated to offering the most premium digital asset trading experience to BCB users and traders. BCB Blockchain has the best proof of concept  of smart city and we believe in their capability as both cryptocurrency and technology protocol that will drive smart city solutions in Southeast Asia. We are glad to partner with them and provide our cutting-edge technology platform,” said Oscar Or, General Manager of DigiFinex Digital Asset Exchange.

BCB’s projects are focused on incubating blockchain start-ups, product development and launch of smart city applications, leading to a higher mass adoption rate of blockchain. BCB’s protocol comes with APIs that are specifically optimized for the development of distributed smart applications, such as eWallets, smart contracts and secure peer-to peer messaging applications. BCB has a community of 10,000 Developers in Asia as well as physical presence in 8 countries with BCB innovation hubs in 4 of them.

“Listing on more exchanges is an important part of BCB Blockchain’s ecosystem which can facilitate the growth of BCB projects and improve its liquidity, thus we are excited to get listed on DigiFinex. BCB has substantial volume and this initiative will further fuel our implementation of smart city applications, accelerating the process to adopt the BCB blockchain protocol, which essentially is the blockchain technology that will power smart city solutions,” said Vanessa Koh, BCB’s Chief Technology Officer.

About Building Cities Beyond (BCB) Blockchain

Building Cities Beyond (BCB) Blockchain is a blockchain protocol for the development and infrastructure of smart city solutions. With BCB safe, secure and scalable protocol, the APIs are ready for use for the development of a variety of distributed applications, such as eWallets, messaging applications, integrated payment and enterprise solutions, and many more

For more information, please refer to https://www.bcbchain.io

About DigiFinex Digital Asset Exchange

Headquartered in Singapore, DigiFinex is a world leading digital assets exchange with subsidiary offices in China, HongKong, Japan, Malaysia and Korea. The founding team of DigiFinex are leaders from renowned tech companies such as Xunlei, Tencent, Baidu, with extensive experience in network technologies and Fintech development.

The platform has managed to establish itself as a trusted digital asset financial exchange among average consumers and investors in the global markets. DigiFinex’s registered user has exceeded 3 million, with more than 800,000 active users from over 150 countries.

Today, DigiFinex ranks around top 5 on CoinMarketCap among 240+ other international exchanges, with more than 100 cryptocurrencies listed, supporting over 100 trading pairs in 4 markets: BTC, ETH, USDT and DFT.

DigiFinex is committed to provide blockchain users safe, secure and convenient investment channels. For more information, visit https://www.digifinex.com.

Read more at Medium

Media Contact
Dean Bernales
R3D Global
Email: [email protected]
Tel: (65) 6259 3193

Binance is on the move and is apparently set to leave its adopted home of Malta. One of the largest cryptocurrency exchanges, Binance, has been in Malta since 2018, but now it seems the company is moving to France. 

Since the exchange was banned in its home of China, the headquarters have been in Malta. The island which was dubbed, ‘the blockchain island’ has long been known for its open regulations towards the industry.

The Malta government released three bills in June 2018, which established a framework for the industry. It gave guidelines for initial coin offerings (ICOs), exchanges and other aspects of the industry. 

It was these laws by the Malta government, that prompted Binance’s decision to move to Malta, along with other major exchanges like OkEx. However, the rumored new regulations have made Binance think of moving once again. 

The rumor comes from sources close to Binance who have claimed that the exchange does not plan to comply or sign the Malta VFA license. Instead they will look to attempt to sign a French license instead. What this means for the over 30 staff members at Binance in Malta is unclear. It may be that Malta turns into a European customer service hub. 

Binance also has exchanges in Liechtenstein and Singapore, along with offices in many other parts of the world. Malta is meant to be Binance’s pathway to Europe, but it appears the group now sees the major European nation of France as the best way.

However, it appears that much of the regulation for France and Malta depends on the European Union (EU). The European commission still needs to pass Malta’s framework, which would also be a similar case for France. 

This would ultimately mean that the sources initial rationale would not make much sense. Could Binance be unwilling to sign the license due to other reasons? Perhaps Binance and Malta regulators have been butting heads or a political issue may have arisen. 

Binance have often had controversies in the past. Claims of plagiarism and Binance JEX issues have made them less than perfect and this could cause a problem between themselves and Malta. 

This is all speculation, but it clearly there are whispers that Binance is on the move and may not be happy in their Malta home.