Binance Coin Price Jumps on ETP Launch + 11 More Crypto News

Source: iStock/Olivier Le Moal

Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.

Cryptocurrency exchange news

  • Binance partnered with the Swiss-based issuer of crypto Exchange-Traded Products (ETP), Amun, in order to launch Binance Coin (BNB) ETP. Trading of the Amun BNB (ABNB) ETP begins today. “The ABNB wraps the BNB utility token into a traditional financial structure, making it more accessible not only to tech-savvy crypto enthusiasts but also to the wider institutional and retail market as a whole,” the exchange said. Following the announcement, BNB is up by more than 1% in the past hour and by 3.6% in the past 24 hours, increasing its weekly gains to more than 18%.
  • Mexican crypto exchange Bitso has received an investment injection from Ripple, per an official release. The exchange says, in a recent tweet, that it has also received funding from Coinbase, Pantera Capital, the New York-based Digital Currency Group and Chicago’s Jump Capital. Bitso is planning to expand its operations beyond Mexico and into the wider Latin America region, with an eye on the lucrative Brazilian and Argentinian markets.

Blockchain news

  • The Mexican government has unveiled broad-sweeping blockchain plans. Per Jornada, the country’s Economy Ministry wants to develop a nationwide blockchain initiative named the Transparency Network, which will integrate government, industry and academic sector organizations on a digitized, decentralized platform.
  • Russia’s Ministry of Communication wants to use blockchain solutions to fight the black market and intercept the sale of counterfeit products. Per Bits Media, should the ministry’s blockchain plans succeed, officials estimate that country could put an end to a USD 13 billion market in black market items. The ministry also believes blockchain solutions could help cut public service spending by up to 75%.
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