Coinschedule was founded in 2016 by two blockchain early adopters. With the help of scientists from the University of Oxford, Coinschedule has developed a unique algorithm called Coinschedule TrustScore. TrustScore is able to assign a credibility score to each blockchain project based on dozens of data points.
The company found that blockchain projects that score highly with the TrustScore algorithm tend to perform better in the long run.
The joint fund will use this information together with Coinschedule’s blockchain expertise to help select the best potential investment projects. Trecento Blockchain Capital’s team will then assess the opportunity making the decision to invest.
Launched in 2018, is an asset management company fully dedicated to Blockchain investing. The company is part of the Trecento Group, founded in 2012 by Alice Lhabouz, that already owns Trecento Asset Management (managing circa $200 million on behalf on institutional investors). It is formed by a team of investment professionals and experts in technology and blockchain.
Trecento Blockchain Capital’s aim is to generate significant returns for their investors by investing in the best blockchain projects with a long-term view, within a compliant and regulated legal framework.
Alex Buelau, CEO of Coinschedule, said:
“We are very excited to partner with such a young yet successful team that can bring all their expertise and best practices from the traditional financial markets into the blockchain world.”
Alice Lhabouz, founder at Trecento Blockchain Capital, said:
“We are looking forward to help fund incredible blockchain projects at a time where many promising teams are finding it hard to raise capital. Partnering with Coinschedule will enable us to find the needle in the haystack of blockchain projects.”
This fund has the ambition to provide institutional investors, eager to benefit from the amazing blockchain business opportunities, with a regulated and professional investment fund.
The two companies are working closely together and the Trecento BC Fund will be launched in the coming weeks alongside with a new fund tracking section on the Coinschedule Portal.
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The world’s largest crypto exchange by volume has often been in the news lately. The company has been adding stablecoins, and currently supports three of them, including , the most popular and the most controversial one. However, Binance is not going to stop at it and is actively looking to add more stablecoins to its listing.
Wei Zhou, chief financial officer at Binance, said:
“We hope to be able to list a few more stablecoins on our platform.”
With addition of new stablecoins, the exchange will continue support Tether as well, despite the loss of its parity with the U.S. dollar on Monday and not full recovering.
Wei said:
“As a whole, we believe things will even out. We will continue to support USDT.”
Back in May, Binance listed TrueUSD (TUSD), and support for Paxos Standard (PAX) was added by the company in late September. Wei Zhou believes that stablecoin space has a huge potential, and USDT in particular has prosperous future. According to Zhou, this coin will be a linchpin of the crypto markets.
He said:
“We do believe this stablecoin, as an entity, is critical for our ecosystem right now because it offers an alternative for investors to park their assets in something they can relate to.”
Wei Zhou further added that support of stablecoins is a part of Binance’s core mission of extending financial services to the underbanked around the world. As Wei stated, the Binance research team is currently evaluating almost all the other stablecoins on the market.
Binance’s expansion in Uganda
Recently, Binance expanded its services to Uganda, with the view to work with local institutions for fiat on-ramps. promises to help Africa harness the power of the blockchain with its safest, most stable and effective trading platform.
As Uganda gears up for launch, we explore what this means for and progress in Africa.
— Binance (@binance)
Commenting on the expansion in Uganda, Wei Zhou said:
“Rather than hold bitcoin, [institutions] actually prefer to hold more stablecoins, because the dollar is still the default currency in some of these countries. That’s just one use case that we’ve seen that’s different in this part of the world, versus other parts of the world.”
Binance as an examle to follow
Recently, Binance some changes in its listing policy. Now developers are allowed to name the amount of the fee they pay themselves, and all the listing fees are donated to Binance’s recently launched charity division, the Blockchain Charity Foundation. Such a step was caused by complaints of huge listing fees for crypto projects which depend on getting their coins listed on exchanges for liquidity.
Earlier, Binance CEO Zhao Changpeng Binance’s future expansion plans. Zhao’s future vision for Binance is establishing a fiat-to-crypto trading platform on every continent. By this time next year, he plans to launch at least 5-10 fiat-to-crypto exchanges, with ideally two on each continent.
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