Exclusive: Binary.com Preparing an ICO, Looking for Blockchain Talent

Binary.com is gearing up for the launch of its initial coin offering, a source with knowledge of the matter has confirmed to Finance Magnates. The company is already on-boarding personnel to focus on developing Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based solutions for the firm.

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The rise of ICOs has promoted a number of companies to attempt to secure financing for new projects, mainly focused on blockchain-based solutions.

Binary.com is preparing to transform its cashier system and infrastructure to support the latest advances in blockchain techonology. The company is actively hiring via an Asian subsidiary.

Binary.com has been providing binary options trading via several subsidiaries using gambling and financial services licenses. The firm holds a financial license from the Malta Financial Service Authority, as well as a gaming license on the Isle of Man.

Cryptocurrency-related investments have provided a new lifeline for binary options-related companies. Brokers and technology providers alike are preparing cryptocurrency-related trading offerings and some companies from the industry are already contemplating ICOs.

The FCA has recently outlined that financial services firms should be vigilant when planning an ICO. According to the UK regulator, such firms need to make a thorough assessment of their plans in order to make sure they are complying with existing rules and regulations. Binary.com is providing its services in the UK via a license from the UK Gambling Commission.

Regulated binary options brokerages have experienced a substantial decline in client trading activity in the aftermath of increased scrutiny of the product across the EU. Binary.com may well be looking to diversify its offering into Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as it looks to secure operations in a more friendly business environment.