Syscoin News Update #85

Syscoin
3 min readAug 10, 2020

This news update is provided by the Syscoin Marketing Team (SMT) to bring you all the latest Syscoin, Blockchain Foundry and SMT news.

Syscoin and BCF News

Binance and Blockchain Foundry Establish Partnership

Binance, the world’s leading blockchain, and cryptocurrency infrastructure provider, has partnered with Blockchain Foundry Inc. to explore the use of the Syscoin Ethereum Bridge targeting blockchain scalability. The agreement will enable BUSD, the 1:1 USD-backed stablecoin issued by Binance and Paxos, and approved and regulated by the New York State Department of Financial Services (“NYDFS”), to be available on the Syscoin network. The bridge provides fast, scalable, and low-cost transactions for BUSD users, while also maintaining regulatory compliance provided by Ethereum.

Read more about it here.

Blockchain Foundry Collaborating with Matic

Syscoin developer, Blockchain Foundry, has partnered with Matic Network, a leading Ethereum smart contract scalability platform. The partnership will be focused on the exploration of interoperability between the Syscoin and Matic networks.

The two networks already provide mainnet blockchain scalability solutions for Ethereum-based tokens and DApps. Where Matic can scale smart contracts, Syscoin is focused on scalable value transfers with tokens and assets.

Read more here.

Syscoin Foundation Enters The Great Reddit Scaling Bake-off

The Syscoin Foundation has submitted an entry to The Great Reddit Scaling Bake-of, a contest designed to find a solution for creating and distributing Reddit Community Points. The Syscoin Platform solution employs Syscoin Bridge to provide two-way peg interoperability and a scalable token layer built specifically for speed and high volumes of simple value transfers at a very low cost while offering sovereign ownership and on-chain finality.

SMT Marketing Report Q2 2020

The Syscoin Marketing Team have published their performance report for Q2 2020 — check out a PDF here.

New Recruit for the Syscoin Marketing Team

We’re delighted to announce our newest recruit on the Syscoin Marketing Team is Aussie crypto advocate and purveyor of fine meat-based sandwiches, BigPoppa! BP has been banging the drum for Syscoin since day one, and he’s brimming with ideas and enthusiasm for our next campaigns…

New SMT Member: BigPoppa

Syscoin Among the Top Ten Gainers Last Week on CMC

Articles

CoinTelegraph: Binance to Transfer BUSD Across Blockchains on Syscoin-Ethereum Bridge

CoinCodex: Binance Pledges to Use Syscoin Ethereum Bridge to Aid Blockchain Scaling

CryptoPotato: Binance Will Use Syscoin (SYS) Bridge for BUSD Stablecoin

iHodl: Binance To Use Syscoin Bridge For Its BUSD Stablecoin

CryptoNews: Tezos, Litecoin, Elrond Score Victories, Ant Group’s AntChain + More News

CoinSpeaker: Binance To Use Syscoin Bridge For Its BUSD Stablecoin

CryptoDaily: Binance To Use Syscoin’s Ethereum Bridge As A Scaling Solution For BUSD

Coin Market Cap: Binance to Use Syscoin’s Ethereum Bridge as a Scaling Solution for BUSD

The Research Process: Blockchain Foundry collaborates with Binance to release BUSD Stablecoin

BitBoyCrypto: Binance and Blockchain Foundry will Collaborate to Widen Access to BUSD

CoinNewsSpan Blockchain Foundry Enters Into Partnership With Matic Network

Dan & Jag AMA

The date for the next live video AMA with Dan and Jag will be announced soon. Join our Discord channel and be first to find out.

Follow Syscoin on Twitter

Please follow our Twitter account for all the official and latest news releases.

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Syscoin

Trustless Interoperability. Token & Asset Micro-Transactions. Bitcoin Core Compliant - Merge Mined.