Binance Crypto Exchange Seeks Staff to Lead Its Efforts in Turkey

Major crypto exchange Binance is looking for managerial staff to establish its office in Turkey, according to job postings on LinkedIn. Binance listed a total of five open positions on its LinkedIn company page as of Dec. 6 to establish a local presence in Istanbul, Turkey. The company is seeking managers for its finance, compliance, marketing, and PR divisions.  Binance CEO Changpeng Zhao recently detailed the exchange’s plans for Turkey in an interview with Cointelegraph. He described Turkey as “a vibrant country that has illustrated one of the strongest demands…

Ripple Files Final Motion to Dismiss Class-Action Securities Lawsuit

Ripple has filed a motion to dismiss a class-action lawsuit alleging that it held an unregistered securities sale of its XRP tokens. In court documents filed on Dec. 4, Ripple argues that the plaintiffs’ case is contradictory and “self-defeating.” Alongside a reiteration of previous arguments, the company now also claims that, even if XRP were a security, the statute of repose had passed before the lawsuit was brought to court. Ripple says that XRP is not a security, but even if it were… In what is reportedly Ripple’s last attempt…

Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

United States Secretary of the Treasury Steven Mnuchin said that he and Federal Reserve Chairman Jerome Powell do not anticipate the development of a national digital currency in the country. Mnuchin delivered his comments during a House Financial Services Committee hearing in Washington, Bloomberg reported on Dec. 5. “Chair Powell and I have discussed this — we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital currency,” Mnuchin said. The Treasury secretary’s statement came in response…

Japanese Financial Giant SBI Holdings Considers Paying Dividends in XRP

Japanese financial services giant SBI Holdings is considering to pay shareholder dividends in the form of XRP tokens, following the same practice by its subsidiary MorningStar. After MorningStar started offering its shareholders dividends in XRP earlier this year, SBI CEO Yoshitaka Kitao revealed that the company is now considering to follow suit, Cointelegraph Japan reported on Dec. 5. SBI would launch the program during the fiscal year ending in March 2020, with Kitao further stating that it is opt-in. MorningStar’s XRP dividends grew SBI’s crypto business MorningStar Japan, an independent…

Komodo’s AtomicDEX Exchange Runs a P2P Full Node in Your Web Browser

The developers of multi-chain architecture project Komodo claim that it has created an implementation of its AtomicDEX that runs a full peer-to-peer (P2P) node in the user’s web browser. Komodo developers wrote in a press release shared with Cointelegraph on Dec. 5 that the platform allows for non-custodial cryptocurrency trading through atomic swaps. The company has expanded its AtomicDEX mobile decentralized exchange (DEX) to work in web browsers on all major platforms. Atomic swaps, according to the release, are a smart contract-based technology that enables users to trade digital assets…