ICOs Have the Potential to Complicate the Trade of Currency

In July 2017, an initial coin offering (ICO) was produced by the two brilliant minds behind Binance; offering financiers its very own ERC-20 BNB digital currency - where ERC stands for Ethereum request for comment; 20 refers to the numerical value slapped onto the aforementioned request for comment; and BNB is the official cryptocurrency of Binance, remembered far and wide for its totally original name of Binance Coin. Shortly thereafter, the international cryptocurrency exchange Binance was founded by two Chinese entrepreneurs: Changpeng Zhao and Yi He. The former entrepreneur, half-Chinese, half-Canadian Changpeng Zhao is the CEO of Binance and has been since its foundation just over a year ago. According to reputable, real-time statistics found on legitimate web pages on the front search engine results page of Google for the search "largest crypto exchanges by size," Binance is the second-largest such exchange on the World Wide Web - talk about a lot of growth for just opening up its ICO slightly more than a year ago. Binance made its very first acquisition of public assets today, July 31, 2018, by purchasing Trust Wallet, a wallet for all kinds of cryptocurrencies - technically, only Ethereum and its 20,000-odd digital currencies that are based on Ethereum, all of which start with "ERC," which stands for Ethereum request for comment - that is decentralized, sourced openly so that individuals can readily change its source code to modify the program for their own needs, and totally anonymous. Unlike the industry of financial markets and exchanges of stock and other financial instruments, the world of cryptocurrency and digital currencies is so new that it doesn't lend itself to having readily-available information out about nearly all current events in the field and those affecting the field of cryptocurrencies. While crypto news media sources aren't clear thus far of the precise amount paid to Trust Wallet's now-former owners, we do know that plain-Jane fiat currency, stocks in Binance, and Binance Coin were all traded for the ownership of Trust Wallet.