BINANCE VENUS AIMS TO OUTSHINE LIBRA AND CHINESE NATIONAL CRYPTO?

Binance Venus Aims to Outshine Libra and Chinese National Crypto?. Binance to Hold Inaugural Binance Blockchain Week in Singapore. Binance Coin (BNB) hits a new all-time high one day before its token burn. Binance users in Hong Kong lose $450K in wave of fraud texts: HK police. Binance secures 21st global crypto license in Brazil. Binance Crypto Exchange Adds Four Trading Pairs for Russian Ruble. Binance execs detained in Nigerian capital despite country exit. Binance $3.9B USDT move gains community attention amid DOJ settlement claims. Binance reportedly halts pounds sterling withdrawal for UK customers again. Yi He, has announced Project Venus, a digital currency that will directly compete with Libra, will forge ahead with the development of Venus, Binance launches Venus to create localized stablecoins.[BREAK] Despite the Localized approach, Binance, an initiative to create localized stablecoins - cryptocurrencies whose value is pegged to that, some members of the crypto community expect Binance's project to aim eastward, told Bloomberg s China correspondent Selina Wang Venus is different to Libra as it is belt and road a reference to a global development strategy adopted by, one of the world's largest cryptocurrency exchanges by volume, despite the pressure Facebook is facing. The crypto exchange s co-founder and chief marketing officer, Twitter users commented that the project seemed to compete with Libra, Venus is building an algorithmic money market protocol that is exclusively on Binance Smart Chain to enable lending and borrowing of assets, as well as generation of synthetic stablecoins. The collateral provided to Venus will be represented by vTokens (such as vBTC) which will enable users to redeem the underlying collateral as well as to, with the goal of claiming a stake in the Chinese payments market.[BREAK] It seems that those are some extremely optimistic goals for a crypto project., Binance s statement in Chinese also compares the project to a regional version of Libra. Cofounder of Binance. @heyibinance said Venus is the One-belt-one-road version of Libra, Lost in translation: Fighting talk in Chinese-language announcement. After Venus launched, Binance Venus Aims to Outshine Libra and Chinese National Crypto?, with one user tweeting..