Crypto Short News

“Warren Buffett Basically Loves Bitcoin?” – Anthony Pompliano

Wells Fargo is a U.S. based financial giant, who is coming up with a U.S. dollar linked stablecoin running on the “Distributed Ledger Technology (DLT)”. Quite interestingly, Warren Buffet is one of the investors of Wells Fargo. Warren had once described Bitcoin as a “rat poison”. While he described Blockchain Technology or in this case the DLT as “important”.

Meanwhile, AnthonyPompliano, who is the partner and co-founder at Morgan Creek Digital commented that, “Warren Buffett owns almost 10% of Wells Fargo. Wells Fargo is creating a dollar-backed digital currency. So now Warren Buffett basically loves Bitcoin, right?”.

Evading US Sanctions, Cubans Can Now Use Crypto To Shop Online

Cubans subjected to US sanctions have a means of escape, as the country can now use Bitcoin. The first Cuban cryptocurrency exchange boosts a user base of 1,300 customers. Along with cryptocurrency trading, this bespoke platform allows remittance platforms.

The founder of Fusyona, Adrian C. Leon spoke to the US News about the enhancement of cryptocurrencies. He also said that fear remains as there are chances that the government may impose restrictions on cryptocurrency services. As, they may also restrict and prohibit things and say that this is an illicit enrichment. 

First Login To Users Binance JEX Account Will Receive JEX Airdrop

Binance users can now login to Binance JEX. Basically, on first login they will receive rewards with a random airdrop between 10-1,000 JEX tokens. Eventually, this offer is valid from 2019/09/11 6:00 AM (UTC) to 2019/09/18 6:00 AM (UTC).

As per the official announcement from Binance Exchange. “The JEX airdrop tokens will be distributed to the participant’s Binance JEX account. This is one day after the first-time login. After careful review, users who didn't meet First Login To Users Binance JEX Account Will Receive JEX Airdrop -the “first-time” login requirement will not receive JEX airdrop tokens.”

Hong Kong Stock Exchange To Acquire the London Stock Exchange

Hong Kong’s Stock exchange plans to acquire the London Stock Exchange Group PLC at $37 billion. As per the Hong Kong Exchanges and Clearing Ltd. this combination will create a global leader in capital flows and financial data. This offer also aims at thwarting a collaboration between LSE and Refinitiv. LSE would consider the HKEX proposal and will remain committed to acquiring Refinitiv.

HKEX Chief Executive Charles Li said on Wednesday that “We believe we have put forward a proposal that is ambitious, far-reaching, and could have a transformative effect on global financial markets”.

Libra’s Payment License From FINMA Can Empower Billions Of People

Facebook’s cryptocurrency project Libra is seeking payment system license from Switzerland’s financial regulator. The Libra Association announced on Wednesday that the license under the Swiss Financial Market Supervisory Authority (FINMA) can “empower billions of people”.  

Libra’s head of policy and communications, Dante Disparte says, “We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system. This is an important step in Libra’s evolution, and we look forward to continuing our engagement with all stakeholders over the coming months.”

Binance To Support the Ethereum Classic Atlantis Hard Fork

Binance exchange announced to support the upcoming Ethereum Classic (ETC) Atlantis hard fork. Deposits and withdrawals of ETC will be suspended at an ETC block height of 8,772,000. The platform claims that the trading of ETC will not be affected.

Ethereum Classic is going to Atlantis at block 8,772,000 on around September 17th, 2019. The Atlantis Fork includes a set of upgrades from the state-trie clearing, contract size limits, but ETC has some new opcodes in Atlantis too. The platform shall make an announcement after the hard fork and once the platform deems the network to be stable, to notify users when deposits and withdrawals for ETC will reopen.

Music Artist AKON Is Bullish On Cryptocurrency

In an interview on Sept 10, the Grammy award winning-music artist, Akon argued that, “Nothing backs the dollar. The U.S. doesn’t have natural resources that back the dollar. What they do have is the military”. He spoke in favor of decentralization and trustless blockchain-based mechanisms that underpin the value of cryptocurrencies.

Akon revealed that he is bullish on cryptocurrency because it’s the people and not the vested interests of national governments that wield control over their value. Akon comments so because his cryptocurrency project for pan-African digital currency will replace fiat currencies, dubbed Akoin, gathers space.

Tether Launches CNHT Stablecoin & Supports offshore Chinese yuan – CNH

The Tether platform announced the addition of offshore Chinese yuan (CNH) to its list of supported currencies. On the other hand, the platform will launch a new stablecoin, CNHT that will be backed by offshore Chinese yuan (CNH).  CNH represents a further expansion of Tether’s capabilities in facilitating the digital use of traditional currencies, such as US dollar (USDT) and euro (EURT). CNH₮ is pegged to CNH, and will initially be available only on the Ethereum blockchain as an ERC-20 token. Adds Global Top-up for 21 Major Currencies announced a new method for users to deposit into its fiat wallet, supporting 21 fiat currencies. Users now have the option to deposit up to $1,000,000 USD per day through bank transfer, avoiding currency exchange and credit card fees on their crypto purchase.

List of supported currencies: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEC, SGD, USD, ZAR. However, will not charge any fees, but correspondent banks may charge network fees.

Bitmex COO Exits the Company Serving For Less Than A Year

Bitmex Exchange COO, Angelina Kwan, has resigned from the company as per the announcements from The Block. According to a spokesperson, “We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the moment, but we wish Angelina all the best.”

She entered the company in October 2018. In her initial days during an interview, she said that she would be “responsible for overseeing and driving the company’s growth" and will guide Bitmex on its mission to offer advanced, innovative financial products for the global cryptocurrency industry.”

Binance Launches Third Phase of Binance Lending Products

Binance Exchange will launch the third phase of Binance Lending Products on 2019/09/11 6:00 AM (UTC). A 14-day fixed-term lending products will be available. The subscription format is the First-come-first-served basis.

The company claim that the Subscription Period will begin  From 2019/09/11 6:00 AM (UTC) to 2019/09/12 0:00 AM. The Interest Calculation Period will begin  2019/09/11 6:00 AM (UTC) to 2019/09/25 6:00 AM. Also, the Interest Payout Time will be immediately after loan term matures.

LG Planning to Introduce Blockchain Smartphones

According to the reports, South Korean electronics manufacturer LG Corporation has already completed the market research of blockchain companies and decentralized apps.

The source claimed, LG is likely to respond to Samsung's innovation initiative. Also, the company has been struggling to apply blockchain to smartphones without any dissimilarity. Recently, the rival company Samsung launched yet another blockchain-friendly smartphone, named “Klaytn Phone,” as a Galaxy Note 10 variant. The phone is available only in South Korea. It is named after Kakao’s blockchain subsidiary GroundX’s blockchain platform Klaytn and starts from over $1,000.

Telegram Releases Code For its TON Blockchain

One of the leading messaging app Telegram finally released the code for its TON blockchain. The code was released on the test network portal on 6th September. Now community members and developers interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node, and the blockchain explorer. Source code for a full node that can access testnet, create and validate blocks has been released. Lite client was released several months ago. Also, TON Labs will release a Public Beta of its developer tools suite on Monday.

Messaging App Line Receives Crypto Exchange license

The Japan based messaging app Line will be able to offer its crypto exchange services in Japan. Here, it has 80 million monthly active users. According to the company, the new platform is BitBox. On the 6th, the FSA granted a license for virtual currency exchange to LVC. This is a virtual currency business at a LINE subsidiary. However, it is not clear what kind of service LVC will offer in Japan. According to the FSA data, the are five currencies available. Namely: BTC (Bitcoin), ETH (Etherium), BCH (Bitcoin Cash), LTC (Lightcoin), and XRP (Ripple). 

Binance Enlists Chiliz (CHZ), Deposits Already Started

Binance, the world’s largest cryptocurrency exchange by volume, has now listed Chiliz (CHZ) trading. The trading will start from 2019/09/06 4:00 AM (UTC). New trading pairs are added - CHZ/BNB, CHZ/BTC and CHZ/USDT. CHZ tokens can be deposited in the Binance wallet. 

Users can trade BEP2 version of CHZ token directly through their Binance account. ERC20 CHZ tokens have to be deposited in ETH address. General 0.1% trading fee will be applicable on trading. Chiliz gives sports and esports fans the ability to crowd-manage their favourite teams, games, leagues and events.

Thai Crypto Exchange Bitcoin Co. Ltd. Announces Business Closure

Thai crypto exchange Bitcoin Co. decided to close down after running for five years. All trading on the exchange will stop from Sep 30, and all deposits will be halted after Sep 6. Bitcoin Co. Ltd, also known as, will not seek a renewal of its Digital Asset Exchange license. Reason behind this sudden decision is unclear, but it seems the team will not change its mind. 

“Bitcoin Co. Ltd. has decided to discontinue digital exchange and wallet services in order to focus on other business opportunities,” it said in a statement.

Mersch Blasts Libra, Says it Could Threaten EURO

European Central Bank board member Yves Mersch has warned against Facebook's charming but treacherous promises on Monday, 2nd Sept. He said, "Libra currency may sabotage the ECB's ability to manage the economy and threaten the euro itself"  

Further, he added, "Libra may lower the ECB's control over the euro, depending on Libra's level of acceptance and crediting the euro in its reserve basket. It will also impair the monetary policy transmission mechanism and affect the liquidity position of euro area banks". He hopes that Europeans will not be tempted with Facebook's siren call ignoring present safe and secure payment solutions.

Binance Acquires JEX – Another Step to Become One Stop Solution

Binance announced acquisition of cryptoasset derivatives trading platform JEX on Monday, 2nd Sept 2019. JEX now becomes Binance JEX with the acquisition. Binance will now handle JEX team as well as token. JEX token now will focus on delivering cryptocurrency derivatives to Binance users. Including, futures contracts, options, and other derivatives

Interestingly, Binance also introduced “Battle for Binance Futures” competition. Two testnet Futures platforms came into existence. The users testing both platforms, received a total of 10,000 BNB for a full month. Eventually, Binance gets closer to becoming a One-Stop-Shop for Cryptocurrency traders.

Book tickets To 82000+ Destinations on Travala Using Monero(XMR)

Monero is a private and untraceable currency system. It is well known for its privacy and anonymity features. Blockchain travel platform, Travala has now added Monero (XMR) as a payment option. Travala announced this trough a tweet on 30 August 2019. Users can now book tickets using Monero coins.

Travala is a Next-gen Online Travel Agency (NOTA). The travel booking platform already supports around 14 cryptocurrencies. Travala uses AVA, along with BTC, BCH, LTC, DASH, ETH, XRP, TRX, DAI, BNB, DGB, NANO, NEO and XMR as payment options. 

EVM-LLVM soon to be launched on Ethereum Classic

Ethereum’s performance in the DApp space has decreased as users had issues with the platform. To boost the DApp, ETC Labs plans to integrate LLVM into the Ethereum system. This project will be called EVM-LLVM. It will offer users more programming languages with future-proof and long-term support of the LLVM library. Also, LLVM supports a variety of front-ends, including Objective C, Fortran, Java bytecode, Python, Ruby, and others. This will allow more developers to build DApps on Ethereum Classic.

However, the exact launch date is not revealed. Instead, the report says that the EVM-LLVM Alpha version will be ready for testing soon.

New token-set introduced by Ethereum DeFi’s Set Protocol

Ethereum DeFi project, Set Protocol, has announced the 50-day moving average strategy on August 30, 2019. It is termed as ETH50SMACO (ETH 50 Day Moving Average Crossover Set ). ETH50SMACO automatically rebalances when the price of ETH crosses the 50 Day Simple Moving Average (50 SMA). If price of Ethereum crosses but stays below 50 SMA, ETH50SMACO rebalances itself into Cash. If the price stays above 50 SMA, ETH50SMACO rebalances back to ETH. These scenario helps to show the downtrend or uptrend in a trend reversal. Set Protocol had previously launched TokenSet with the 20-day moving average.

Continental’s “Earn As you Ride” App Monetizes Data Sharing

Continental Parking collects data of free parking spaces and car parks to create a user-friendly parking experience for drivers. It will now use “Connected Parking” to demonstrate how the drivers will benefit from data collected by their vehicles in road traffic. 

Continental and Hewlett Packard Enterprise (HPE) in partnership have developed “Earn as you ride” app. It is a blockchain-based data trading platform. Vehicle manufacturers can reward their customers with virtual currencies. Also, this app will collect data from Vehicle sensors and will pay the drivers when information is shared. Later, drivers can redeem the virtual coins collected for rewards.

Canadian Police Warn Bitcoin Users About New Bitcoin Scam

A new scam related to Bitcoin ATM has come into our notice. Winnipeg authorities identified a fraudulent scheme that tricks gullible victims into sending Bitcoin to a different address.

Scammers post an Out of Order message on ATM. The message says that ATM software is under development. It further warns the user not to deposit Bitcoin through ATM. There is a QR code attached to the message. Users are urged to deposit Bitcoins to the account attached to it. The posters were found on two of the city’s twenty Bitcoin ATMs, but nobody has yet fallen victim to the scam.

Velas Launches Wallet Versions With 2-factor Authentication

Velas AG announced the launch of two new cryptocurrency wallets, enabled by the Velas blockchain. It is the world’s first blockchain to implement artificial intuition. 

Velas Web Wallet enables the creation of wallets using mnemonics. Wallet restore using the mnemonics if credentials lose. Velas Desktop Wallet runs on Windows, macOS, and Linux. Users can store their wallet directly on their computers. Alongside wallets, Velas is also launching a node staking feature. The node staking feature helps to develop the Velas network and motivate more users to hold VLX tokens through the potential of earning rewards by staking.

Infinito(INFT) Token To Be Listed On

INFT tokens are now available on the Bitmax platform for trading. Trading will start from 10:00 PM Singapore time (UTC+8) on August 30th. Bitmax has added two trading pairs -  INFT/USDT and INFT/BTC. Both trading pairs are eligible for reverse mining. To promote INFT token usage, will host 3 promotional events - Lucky Draw Trading Event, INFT Net-Buy Contest, and INFT BitTreasure. 

INFT token serves as the main currency of payment on top of enabling staking, voting, rewards, etc. Users, DApps, and developers will have INFT tokens as incentives for their contribution to the Infinito ecosystem.

NIX Carries Out First Ever Privacy Token Swap Between NIX and KMD

With months of research, the NIX and Flare Wallet teams have successfully accomplished the first automated privacy swap ever made. NIX and KMD tokens trade using NIX Network's Ghost protocol. Proof-of-concept privacy swaps also become reality with this protocol.

Decentralized Exchanges, allowing cross border access through open-sourced software, does not give users complete privacy. Malicious parties can track and monitor transactions. Basically, NIX’s automated Privacy Swap technology introduces an intermediary swap. This implements through the NIX network and allows users to break cross-chain address history linkage. Hence, allows users to freely trade and swap coins without tracking.

Hyperledger Implements Pantheon As First Public Blockchain

The Hyperledger blockchain has officially accepted Pantheon as its first public blockchain project. After the collaboration, Pantheon has been renamed to Hyperledger Besu (a base or foundation). The project can be run on the Ethereum public network or on test networks such as Rinkeby, Ropsten. 

The development team behind Pantheon can access more resources and develop the solution for a more focused client-base. In addition, the team will be collaborating on the development of other Hyperledger projects like Hyperledger Fabric, Hyperledger Sawtooth, etc. As a part Hyperledger, the Pantheon code will be shifted from the Github repository to Hyperledger.

Trade MIX Token Now On The Bitberry Wallet From Aug 30

MixMarvel platform's Mix token is now available on Bitberry Wallet as reported in a Medium post. RootOnesoft developed the cryptocurrency wallet, Bitberry. Basically, it provides an integrated wallet/banking service to efficiently manage digital assets.

MIXMARVEL is a multiplayer online game community backed by blockchain technology. Players send or receive Mix tokens. It is now possible to trade Mix tokens between Bitberry Wallet users with no transfer fees. To promote Mix token usage, Bitberry is also listing MIX with Airdrop Event on Friday, August 30, from 5 pm to September 6, midnight. Eventually, the airdrop will benefit first 2000 users.

KuCoin Implements Staking Token Service; Pool-X

KuCoin announced on March 30 that it will launch the Pool-X PoS staking platform. Pool-X is a brand-new mining pool to trade staking tokens. The pool mechanism also offers liquidity trading market, node integration and operational solutions.

POL (Proof Of Liquidity) serves the role of credits for the mining Pool. Users receive “POL” token as rewards by locking up the PoS currency. The more and earlier users participate in the staking of mining nodes, the more POL users will get. With Pool-X staking, Users can get the benefits of traditional staking and Proof Of Liquidity allocations and can trade freely in the liquidity trading market.

Samsung’s Galaxy S10 Supports Bitcoin Wallet Already

Coinpedia had earlier reported about Samsung smartphones supporting Bitcoin Wallet. It seems, this South Korean tech giant has already added Bitcoin support to the Samsung Galaxy S10 smartphone. 

As per the report, Ethereum and BTC services are added to S10 devices. You can also see a screenshot of the wallet in their official report. Users have also shared screenshots of their wallets. There are 32 types of cryptocurrencies supported by the Galaxy S10, including BTC, ETH, BAT, MKR, and NPXS. It means millions of Samsung smartphone users will eventually be able to use Bitcoin with apps via the Blockchain Wallet.

Trade Bitcoin From Your Smartphone Using Bitwala App

Berlin-based Bitwala enables customers in European countries to buy, sell, and store bitcoin via the Bitwala banking app. With Bitwala, bitcoins are booked directly via a multisignature wallet. The app claims that the account opening will take only 60 minutes. In addition to this, there is a Mastercard Debit card. Cash withdrawals from 40 million ATM's worldwide are also possible. The app also has a built-in Peer-to-Peer function to send amount quickly to family and friends globally via QR Code. The app has enabled video verification of the users. Bitwala app is available for both Android and iOS platforms. 

Migros, Now On TE-FOOD’s Blockchain Technology

Migros, Switzerland's largest retailer implements the TE-FOOD blockchain’s traceability system for its fresh fruits & vegetable supply chains. TE-FOOD's blockchain is a secure and scalable solution to store all data in a decentralized network.

Migros initially used GSI-based API(EPICS) to collect and store traceability data. This integration will transfer GSI EPCIS’ traceability data to Migros EPCIS. Other food chains used traceability for marketing purposes. However, this collaboration looks to add value to the overall supply chain through easier product tracking. With this move, Migros joins the likes of other retail giants, like Walmart, to transform supply chain processes using Blockchain Technology.

IDAX Lists TRX, 49 Billion WIN Tokens Airdropped To TRX Holders

Tron (TRX) will be launched on the IDAX crypto exchange. Users of the company will be able to trade TRX tokens. It may help to make the token more mainstream and increase its long-term adoption. TRX can be traded on the IDAX platform against Bittorent Token (BTT) and  WINk (WIN) as a base currency on August 30. Two trading pairs are BTT/TRX and WIN/TRX.

WINk will organize a WIN airdrop to induce investors. It will distribute almost 49,950,000 WIN tokens. To receive the WIN tokens, you should hold at least 100 TRX in the wallet. 

Hedera Hashgraph’s Mainnet Open Access Will Launch on September 16

Hedera hashgraph, the super-fast blockchain network, will open Mainnet Open Access from September 16th, 2019. Under this project, any developer can start building dApps on Hedera's platform. Developers can also run mirror nodes that provide access to all consensus decisions. 

Hedera claims Open Access beta will allow up to 10,000 transactions each second. Bitcoin and Ethereum currently can only process 3-15 transactions each second. The launch will also offer 10 smart contracts and file transfers a second, and Hedera says it’ll increase speeds throughout the rest of the year.

BinanceX – A New Initiative Platform To Help Developers

Binance launched an initiative platform to help developers leverage Binance infrastructure for their ideas and projects. There are 3 themes of this program - Learn, Collaborate and Grow.  Learn provides official third party resources for information. Collaborate provides tools and channels to develop the infrastructure. Grow refers to different Binance programs already designed. 

Binance has announced BinanceX Fellowship Program to promote BinanceX. This program will support developers and researchers in creating free and open-source software. The program has attracted over 40 developers and projects, per the announcement. This BinanceX is similar to ETC Labs STUDIO program launched earlier. 

Bitcoin Developers Launch Multisig UI For Bitcoin Wallet In Alpha Stage

Bitcoin developers have created a multi-signature (multisig) user interface for both hardware wallets and full nodes to enhance Bitcoin Wallet security. Wallets protected by multisig technology need more than one private key to access the wallet. Thus it is less likely to breach the security as no single party possesses all the information to access the wallet. Each separate signer device should confirm every transaction before broadcasting.

The project aims to support a new blockchain-based financial and identity ecosystem by lowering insecurity related to blockchain. The project is still in its Alpha stage. 

Bakkt Announces Warehouse Bitcoin Deposits Starting Next Week

Coinpedia had reported about Bakkt's Futures Launch. Intercontinental Exchange‘s (ICE’s) Bakkt platform has tweeted about Bakkt's Warehouse starting this Sept 6. Bakkt's Warehouse will offer secure storage of customer bitcoin to prepare Bakkt Bitcoin Daily & Monthly Futures launch on Sept 23. Moreover, the platform will enable the physical delivery of Bitcoin with end-to-end regulated markets and custody. Clients will be able to deposit their funds in the Bakkt Warehouse from Sept. 6.

Bakke CEO Kelly Loeffler explained about Warehouse. "The Bakkt Warehouse, which is part of Bakkt Trust Company, uses cyber and physical security protections."

Emsisoft Developers Create A Fix For Crypto-Stealing Syrk

Syrk released a cheat plan for Fortnite players. This was malware in disguise. Fortnite players were at a risk of their cryptocurrencies held as ransom. Additionally, if the players refused to pay the ransom, Syrk would delete system files after the set time completes.

Emsisoft, a leading antivirus company has developed a decryptor for this malware. The company announced the free tool through a blog post. The company claims that developers have created an efficient tool to easily retrieve all the files. Emsisoft also provides a step by step guide to identify the ransomware and clean the infected system. 

PNC Bank And RippleNet To Provide Cross-Border Payments

PNC Treasury Management, the United States’ eighth-largest bank, is now offering RippleNet-based cross-border payment solutions to its commercial clients. RippleNet blockchain provides a frictionless experience to send money globally within a secured infrastructure.

However, PNC claims that this will help traders to receive payments from overseas buyers instantly. Also, it will transform the way they manage their global account receivables, allowing them to better manage their working capital. PNC had first revealed its plans to use RippleNet back in September 2018. After several brainstorming, the project has now shaped itself.

Fintech Service Rapyd Collaborates With HongKong’s TNG Group

On 29 August 2019 Rapyd a global Fintech services platform announced the partnership with TNG FinTech Group.

Following the collaboration, Rapyd can now add TNG Wallet to its list of 500 payment methods and more than 10 GEA, an electronic payment platform. Rapyd's global customers can accept payments from the global e-wallet users even if they don't have a credit card or prepaid card. The partnership will also help Rapyd to enter the global market through the GEA platform which includes China, India, SriLanka, European Union, and many other countries. 

Nestlé’s Open Blockchain Pilot Program Enforces Transparency

Nestlé to enforce full transparency has announced to pilot new blockchain technology in collaboration with OpenSC. OpenSC is an innovative blockchain platform that allows consumers to track their food right back to the farm.

Initially, the program will trace milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle East. Later, Nestlé will test the technology using palm oil sources in the Americas. Moreover, these pilots will allow Nestlé to analyze how scalable the system is.  OpenSC has developed a platform to give anyone, anywhere access to independently verifiable supply chain data.

BC Card Utilizes KT Blockchain For Settlement Of Affiliate Points

BC Card, the largest payments processor in South Korea, is now using KT's blockchain technology to settle rewards points. BC Card processes the ordering and exchanging of points paid out by affinity partners, VIP points and vouchers.

BC Card earlier handled the rewards manually but in the first half of 2019, it began to develop a blockchain application to do the work. The company reports a decrease in processing times as much as 50%, along with a decline in error count. The company plans to use the blockchain technology to additional tasks in the future. 

BLive Alpha Version Testing Begins on TRON Blockchain

BitTorrent Live(BLive) is launched on a TRON blockchain for testing purposes. BLive will enable users to create live video content, people can connect and earn BTT claims a blog post on August 27, 2019. BitTorrent Live has a gifting feature where people can tip with BTT and other cryptos, and broadcasters can earn cryptocurrency.

BLive Alpha version is also released for testing. The team will include Livestream, payment system and invite a group of users to test it. Beta version is planned to launch till 2019 end. Eventually, if all goes well, Team plans to launch the full version by March 2020. 

Updates On Binance Tiered Trading Fee Discount Program

Binance had introduced a new Tiered Trading Fee Discount Program on 21 July 2019. It has adjusted the tiered trading fee discount program at 8:00 (UTC) on Aug 28. This will provide a better service for the user's claims Binance.

As per the announcement, the required BTC trading volume threshold for VIP1 is set to ≥50 BTC (from ≥100 BTC previously). VIP0 will enjoy Maker/Taker charges as low as 0.06% instead of 0.10%. For more details, refer Binance official announcement. Also, Binance may change the discount rates based on market conditions.

Token Scam Overloads Ethereum Network, Affecting Other Resources

Tether, Inc. has moved coins to the Ethereum network. The Ethereum network clogged. The USDT smart contract is presently taking up 31.55% of all Ethereum gas. EthGasStation team concluded reason as More Gold Token, an airdrop that took over the network in the past two months was a potential scam.

MGC is an unknown and unlisted digital asset, the airdrop was a form of drawing in wallet owners. The users had to share the wallet's private keys to activate the wallet. It was a direct invitation to steal the assets. MGC has also targeted the Asian market as of now.

Cryptix AG Acquired Digital Asset Platform, Blocktrade

Cryptix AG is a Blockchain service provider. It has completed the acquisition of Blocktrade, a Liechtenstein digital asset platform on Tuesday, 27 August 2019. After the acquisition, the team of Cryptix AG will remain with Blocktrade for future development. The acquisition won't affect customers says the announcement.

Luka Gubo, CEO of Blocktrade says "The additional funding will allow us to not only drive the development of our platform but also complete the licensing process". Cryptix and its partner can full use the trading services offered by Blocktrade. This is without having to apply for a separate license.

Global Stocks Unstable Amid U.S.China Trade War Tensions

US-China Trade war is affecting Global Stock Market adversely. Last Friday, stocks had tumbled as China said to levy a 5 to 10% tariff on US goods. The recent update is that Asian Stock prices had a mixed outcome on Wednesday, August 28. 

Hong Kong's Hang Seng Index (HSI) swayed back and forth between small gains and losses. China's Shanghai Composite Index (SHCOMP) fell by 0.3%. South Korea's Kospi (KOSPI) and Japan's Nikkei (N225) moved up 0.8% and 0.2%, respectively. Analysts say uncertainties are bound to remain on global markets as long as the US-Trade war continues.

Venezuelan Farmarket Adds DASH Coin as a Payment Option

Farmarket, A pharmaceutical franchise in Venezuela has partnered with Xpay. This partnership promotes the use of DASH coins as a means of payment in the country. Venezuelans can also use DASH to purchase pharmaceuticals, personal care products, and more through the XpayCash payment terminal. 

The payment process is at a few selected stores in the Caracas area for trial purposes. However, full rollout to all 22 locations nationwide is the aim by the year’s end. General Manager of Farmarket, Cinthya Sagues is optimistic that the latest development would contribute positively to the DASH economy in Venezuela.

US Airforce Settles a Deal With Blockchain Startup, Constellation

The United States Air Force (USAF) signed a deal with blockchain startup Constellation Network to secure defense data on Tuesday. Basically, the contract is part of the USAF SBIR (Small Business Innovation Research) Phase I program. The technology will also help securely unlock traditionally siloed and non-accessible data and data sources.

USAF Multidomain data is disbursed, disconnected and complicated. The data is not fully accessible, it needs manpower to handle data forensics, planning, and collection. Constellation networks is a scalable and secure approach to Big Data processing. Eventually, constellation provides decentralized security to Air Force data pipelines. 

Coinmall to Delist zCash and Bcash For Less User Usage

CoinMall, the virtual product marketplace, announced in a tweet that it will be delisting zCash and Bitcoin Cash from the platform. The company says the main reasons for delisting are Confusion among traders and low usage. The CEO of CoinMall said that only 1% of Bcash was traded. Whereas 0% of zCash trades happened since platform launch. The traders get confused during the payment process. 

CoinMall announced some other updates too. It has added a 2% fee for all cryptocurrency payments. But they have excluded Stripe and Paypal payments from this fee. The private messaging system is made more efficient. 

Bithumb Global Announced To Support Binance Chain

On August 28th, an innovative trading platform, Bithumb Global announced to support Binance chain. As per the blog post, Bithumb Global will support projects running on the Binance Chain. Basically, to meet user demand for quality projects. 

Basically, Binance Chain is a community-driven blockchain software system with developers and contributors from around the world. Binance Chain is a high performance blockchain with one-second block confirmation finality.

Additionally, on the request of Pledgecamp (PLG), Bithumb Exchange will officially delist the PLG/BTC trading pair at 12:00 (UTC+8) on August 28, 2019. These orders will be automatically withdrawn.

Facebook’s Bug Bounty Program Rewards $10,000 to Break Libra

Facebook's Libra blockchain is under constant regulations. Government claims project may pose a potential threat to the global financial system. The Libra Association has launched a Bug Bounty Program along with HackerOne on August 27, 2019, for public testing.

Michael Engle, Head of Developer at the Libra Association said that the program wants developers worldwide to identify bugs and flaws in the Libra blockchain. He also said that Libra will launch only after sorting out regulatory concerns and approvals. Libra association is offering up to $10,000 for security experts who find flaws in code in projects.

OKEx Will Support ALGO Monthly Staking Reward

According to market analysis, Algorand price changed by -5.33%. To encourage traders, OKEx, a Malta-based cryptocurrency exchange, announced on Tuesday its support towards Algorand(ALGO) monthly staking reward program. OKEx Exchange will reward ALGO holders on a monthly basis.

Snapshot of users’ ALGO holding in spot and savings accounts will be taken every day at 18:00 (CEST, UTC+2). Based on these snapshot, rewards confirm.  Users that hold less than 1 ALGO will not be included. The reward will distributes on a monthly basis at around 15th of every month.

Chinese A.I. Firm Megvii Files For Hong Kong IPO Amidst US-China War

Chinese AI firm Megvii Technology Ltd has filed for Initial Public Offering(IPO) in Hong Kong. The company plans to raise between $500 million and $1 billion during this IPO. The IPO will make Megvii China's first publicly-listed A.I. firm, beating competitors like SenseTime and CloudWalk. The date of IPO is not yet released.

Other companies have postponed their IPOs in Hong Kong due to the recent anti-government protests. Megvii plans to hold the IPO as it doesnot do business in HongKong. Megvii is backed by e-commerce giant Alibaba and state-owned enterprises such as Bank of China Group Investment.

Button Wallet Brings Crypto Trading to 300 Million Telegram Users

In a bid to bring crypto to the masses, Button Wallet has launched a free crypto service for Telegram Open Network (TON). 300 million users can trade cryptocurrencies through Telegram application. The Wallet has today unveiled the first free testing application on the TON. In a bid to encourage traders, this Wallet will giveaway 6.6 testnet gram TON tokens. This helps users to activate its wallet. The company claims that it is completely prone to issues like attack on the exchange-stored funds.

Similar to Button Wallet, earlier this year, Zulu Republic launched services to receive and send crypto over WhatsApp.

Swiss National Bank Keeps A Constant Touch With Libra Authorities

Earlier this week, US lawmaker Maxine Waters had visited Swiss officials of Libra association. She had raised a few concerns regarding the complexity and magnitude of Facebook’s plans. Also, regarding how they will manage Money Laundering, in case of future occurrence.

Swiss National Bank has taken matters under their wings. Also, it is in constant touch with Libra authorities said Fritz Zurbruegg VC on Tuesday. “At the moment, it’s difficult to perform a full analysis (of the project) because the available documents are vague and details are still missing,” Zurbruegg said. They will submit a report based on analysis soon.

WINk Trading Now Live On WazirX, Hosting A WIN Airdrop

Coinpedia had earlier reported regarding WINk listing on WazirX. There is an update regarding this. WIN/USDT trading is now live on WazirX. You can buy, sell and trade WIN tokens on WazirX Exchange in the USDT market. WIN is hosting WIN airdrop on 28th August 2019 where TRX holders will receive WIN token airdrops every month. The airdrop plans for 3 consecutive months. The amount of WIN airdropped each month would be around 10,989,000,000 WIN. The only criteria is TRX balances under 100 TRX will not be eligible for the airdrop.

Bitfinex Exchange Launches Three new Stablecoin Pairs

One of the leading cryptocurrency exchange, Bitfinex announced the launch of three new stablecoin pairs on the Bitfinex platform! The stable coin pairs include USDc/USDt, PAX/USDt, and TUSD/USDt. 

However, as per the blog post, Trading for USD Coin to Tether (USDc/USDt), Paxos Standard to Tether (PAX/USDt) and TrueUSD to Tether (TUSD/USDt) began 08/27/19 at 8:00 AM (UTC). Trading on these three pairs is available only in certain jurisdictions and is exclusive to verified users.

Facebook Enlists FS Vector For Lobbying Libra’s Responses

Facebook aims to use blockchain-like technology to build a new payment network from scratch with its own currency, Libra. However, global lawmakers have raised concerns regarding the privacy and security of this project. 

Facebook has now hired a Washington Based lobbying firm, FS Vector which will influence US lawmakers and overcome the negative responses sparked after the Libra announcement. FS Vector specializes in regulatory compliance, public policy, and business strategy for the fintech, cryptocurrency, blockchain and financial services sectors. Earlier, Facebook had hired Susan Zook of Mason Street Consulting. There are now at least seven lobbyists for Libra. 

Norway’s $1 Trillion Funds May Benefit The USA

Norway’s $1-trillion fund is the world’s biggest sovereign wealth fund. The fund intends to expand the investment market from oil and gas. The Bank’s Deputy Governor, Egil Matsen, will present a report on Tuesday to the city's Finance Minister stating where this wealth fund would be invested. The news claims that wealth may be shifted to the USA. 

This fund is over weighted in Norway, and they speculate that the US may receive it. This will increase the USA's stock market value. A similar process started in 2012, has benefited Norway's fund value. Shifting the funds to Asia is also being considered.

Cryptoforecast and Coinshare Now Available on Latoken Exchange

LATOKEN is a rapidly growing crypto exchange focusing on the exchange of new tokens. Already 320+ crypto pairs available for trading. On 26th August 2019, LATOKEN announced to list CryptoForecast and CoinShare

CoinShare is a  social shopping platform. It allows buyers to receive a CashBack in Cryptocurrency for each purchase made. CryptoForecast aims to be a data provider providing real-time trading data, information about Crypto and Exchange. This would, in turn, help users with the knowledge and easy accessibility to the Crypto market.

FInD’s Matchmaking Program, a Solution to Funding Crunch

Funding crunch is one of the major reasons for Startups to shut shop in the initial stages. FInD (Fintech Investments and Deals), a Maharashtra Government initiative invites applications from different fintech startups. This will help Fintech Startups to gain access to investors for fundraising and create corporate relationships with them. 

PwC and MEDICI will review Fintech Startups' business plans, look for the right investor and recommend the business plans to them. Once Investors find the proposal interesting, they will reach out to the startup through the platform. Applications close on 31st August 2019.

Commonwealth Bank of Australia develops a blockchain prototype

Commonwealth Bank of Australia (CBA) has developed a blockchain prototype to support sustainable development. Users can trade government biodiversity credits.At present, it is in collaboration with BioDiversity Solutions Australia (BDS), a privately-owned regional business based in Port Macquarie, New South Wales (NSW).

Tradeable digital tokens (BioTokens) can be built through this prototype. Also, you can further trade these tokens within an efficient and transparent digital marketplace powered by blockchain. However, the primary objective is to protect flora and fauna from developmental impacts. Rod Barnaby, MD, BDS, is seeking potential partners to take the project forward and commercialize the platform. and Bitpay – provides a new way of Bitcoin spending, a blockchain explorer provider wallet integrated Bitpay into their existing service. 

This agreement would help users to pay for products and services directly without ever giving up control of their private keys. Moreover, users can just scan the invoice and complete the payment using's wallet.

BitPay is one of the crypto payment processors of the world. It has processed over $1billion transactions last year.

Oracle Files Trademark Violation Against Its Namesake Cryptooracle

Crypto Oracle is using "Oracle" in its domain name and other promotions without proper consent. Oracle has the right for keyword “Oracle”. So it has filed a lawsuit in a federal court against CryptoOracle for trademark infringement and cybersquatting.

Oracle had earlier sent cease and desist letters to CryptoOracle to stop using Oracle in its name, but the request remains unheard. Oracle claims that the blockchain-focused VC startup will get the goodwill that Oracle has built from its own famous brand. Other than the name, Oracle has no issues with its namesake company.

Terra receives funds from HashKey, aims for Asia eCommerce market

Terra is a price- stable coin. It aims to become a widely used stable coin as a payment method in a blockchain payment solution. Recently, Terra has received an undisclosed sum of funding from Hash key Capital.

HashKey Capital is an affiliate of the HashKey Group, a Hong Kong-based fintech company. 

However, the two firms intend to bring blockchain-based payment solutions to eCommerce throughout Asia. Terra has also partnered with e-commerce firms such as South Korea’s Ticket Monster (TMON), Singapore’s Carousell, and Vietnam’s Tiki.

Libra-like Currency, An Alternative To US Dollar Says Carney

Mark Carney, the Governor of the Bank of England delivered a speech in U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming claimed that USD is replaceable with a digital currency similar to Facebook’s Libra.

Carney says “it’s far too expensive to send money cross-border, and there are huge financial inclusion issues related to that and costs related to that". A cryptocurrency may resolve these issues as per him. Carney also believes that Libra has to be virtually perfect. It is at least from a financial security standpoint before releasing in the market. 

Telx Launches SIM Cards to Send Cryptocurrencies Via SMS

Telx Technologies, a telecommunication company, has introduced the world’s first SIM card to send cryptocurrency via text message. Instead of using a wallet addresses, the agenda is to use a phone number to identify the people involved in a transaction. 

Telx will provide its service to more than 180 countries. The SIM card will support trades in Bitcoin, Litecoin, Dash, Zcash, and Bitcoin Cash. Telx may use a third party wallet Bitgo and add a negligible transaction fee (0.10%). The only concern is Telx is new to the industry and its security is debatable.

Binance To Provide VIP Status For Hacked Accounts

Binance, a cryptocurrency exchange, encountered a KYC Leak in August 2019 which had affected around 60000 accounts. Security and investigation team has announced on 23rd August 2019 that hacked accounts will be provided VIP status i.e. preferential trading fees, support, and more services. 

The company has asked affected users to apply for new identification (KYC) documents in their respective regions. Binance exchange claims that the data is being leaked from a third party database. The exact source of the data leak is still being investigated. We will keep you posted about the investigation.

KuCoin Closed SERO Services Within A Month Of Listing

SERO, the world's first privacy coin Protocol supporting smart contract, got delisted from KuCoin on request. The reason for this delisting is still unknown. KuCoin has immediately suspended deposits for SERO. Withdrawal service will remain open. 

Related follow-ups will be announced separately as soon as possible. CEO will announce the reason in Telegram( as per the last update. SERO was live on KuCoin on July 15, 2019. This news has shocked the SERO clients.

Coincheck To Launch IEO To Raise Funds Via Utility Tokens

Coincheck, Japanese cryptocurrency exchange, revealed on Thursday, its intention to launch an initial exchange offering (IEO) platform. This is basically to raise funds through utility tokens. Coincheck suffered a $530 million hack in January 2018. Also, the Japanese online brokerage Monex Group acquired it for $33.5 million in April of that year.

IEO is gaining attention and ensures more reliability as a method of securing funds. Already 12 cryptocurrency exchanges, including OKEx, Huobi, and Bittrex, have announced their IEO platforms this year, and 39 projects have already participated in an IEO.

dApps Now Available On All Browsers, A Security Enhancement

Access to dApps extends to all browsers instead of the native dApp browser as announced on Aug 22. Coinbase Exchange has introduced a Wallet link service, which serves as a bridge between the app and the customer's desktop browser.

The exchange has already tested the Wallet link with Chrome, Mozilla Firefox, and Opera. Coinbase Wallet users to access and administer their funds using this feature. It also avoids installing browser extensions and copying private keys across different browsers. Here, the user scans a QR code which acts as a link between the Wallet and browser. This enhances security.

AWS Temporary Outage – Binance Suspends Transactions

AWS Tokyo services faced a temporary outage due to the overheating of part of chassis in the machine room on Friday. The recovery of AWS services in Tokyo is already in progress but not fully resolved yet. This had caused a price instability at some cryptocurrency exchanges in many of the Asian countries. 

Correspondingly, Binance, a cryptocurrency exchange, has suspended the withdrawals and deposits on their platform. It is because it was causing 500 error messages and affecting some withdrawal process. Binance CEO Changpeng “CZ” Zhao states that the trading function is not affected. KuCoin also has stopped its services temporarily.

Controversy Raises As Bitpay Rejects $100,000 For Amazon Rainforest

Bitpay donated $100,000 to the Amazon rainforest charity but it got rejected as it didn’t pass BitPay’s internal checks. Amazon Watch, an organization supporting the Amazon rainforest’s ecology and indigenous peoples, had tweeted regarding this in an attempt to reach out to this person and resolve this issue.

Investigating this rejection, it was noticed that Amazon Watch’s maximum payment limit was set at below $100,000. Bitpay asked the staff to increase the limit but it was not possible on an immediate basis. Some tweet replies advise Amazon Watch to search for an Open source alternative instead.

Cryptocurrency Mining Giant Bitmain Buying 600K More Crypto Miners

Bitmain Technologies, one of the Cryptocurrency mining giant announced that it has placed a new order to buy 600,000 mining machines. As per the reports, part of the machines includes the latest 7nm model, with a hashrate of 50TH/s. Based on the hashrate, Bitmain's total hash power is expected to jump by about 50% after six months.

The new mining machines are expected to bring $1.2 billion profits to the platform, also market valuation of about $12 billion. The mining giant is also planning for initial public offering (IPO), aiming to raise $300-$500 million.

MVL Token(MVL) To Be Listed On Binance DEX Soon

Binance, a global cryptocurrency exchange, has decided to add MVL Token(MVL) on the exchange platform as per an announcement. The MVL/BNB trading will be opened at 2019/08/23 9:00 AM (UTC) on Binance desktop as well as mobile platforms. If you have ERC-20 version of MVL, you can swap to BEP-2 via this link.

MVL is an incentive-based blockchain mobility ecosystem. Kay Woo, CEO/Founder of MVL submitted the proposal to add MVL onto the Binance exchange platform on 4th July 2019.

Funds Are SAFU Says Binance Founder, Changpeng Zhao

Recently it was reported that there was a technical problem affecting withdrawals. But the Cryptocurrency Exchange Binance has confirmed user funds are not at risk. Changpeng Zhao, CEO of Binance exchange, claimed that the situation was being resolved on Aug. 23, while funds security was not compromised.

CZ explained that the issues was centered on centered on Amazon Web Services (AWS). Problems with caching were producing error messages for a portion of Binance traders, with withdrawals also impacted. Further he added : “It's causing some 500 error messages on APIs and affecting some withdrawal processing.”

ETC Token Project Initiated By ETC Labs Along With North Block Capital

ETC Labs on Thursday announced the addition of North Block Capital, a London-based investment group for digital token capital markets that deliver advisory, capital markets, and asset management services as a part of ETC Labs Incubator program, Studio. 

North Block Capital has made more than thirty investments since 2016. It has hosted investor events in London, San Francisco, Singapore, and Hong Kong.  North Block Capital and ETC labs plan to create a universal token sale for its partners and clients. Studio program will provide the technical as well as marketing expertise to manage and promote token sales.

MTL/USDT Trading Pair To Be Available On Binance Soon

Binance has decided to add MTL/USDT (Metal to Tether) exchange on the exchange platform as per an announcement. The trading will be opened at 2019/08/23 10:00 AM (UTC) on Binance desktop as well as mobile platforms. 1 Metal (MTL)= 0.396558 Tether (USDT)

Binance is a global cryptocurrency exchange providing a platform for trading more than 100 cryptocurrencies and will be constantly adding new trading pairs. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of the trading volume.

Bitcoin ATM Burglary At A Rise – 5000 And Still Counting

Unlike Bitcoin currency hacking, Bitcoin ATM robbery used to be uncommon. A certain incidence has come to our notice. Two masked thieves stole a Bitcoin ATM from a mall in Washington on Aug 3. The surveillance camera has caught them while carrying out the ATM machine in a van.

Violent raids targeting Bitcoin businesses and traders are becoming more common. In July, a  gang of masked men has raided a Bitcoin exchange in the English city of Birmingham. More than 5,000 Bitcoin ATMs around the world have reportedly been stolen as per June 2019 statistics.

Paradigm Introduces New App For Block Trade Against Telegram

Paradigm, a messaging service, integrated with Deribit, a Bitcoin and Ethereum futures and token exchange platform on Thursday, August 22, 2019. Initially, the Telegram app is useful to negotiate crypto trading. Block trade functionality is an essential step to attract institutional traders to the world of crypto.

As per the announcement, trading is possible on the Paradigm system as well as directly through Deribit's API. Companies such as Singapore-based QCP Capital and cryptocurrency merchant bank Galaxy Digital have already started using the platform. QCP Capital conducted the first test trade.

Mousebelt Launches Blockchain Education In California Universities

MouseBelt‘s Blockchain Accelerator, a VC-backed blockchain firm, was live on Wednesday at UC Davis, UC Los Angeles , and UC Santa Barabara, the 3 California universities, focusing on the educational importance in US Schools. The program splits into two divisions. The first funding is for the research department while the other is for the Engineering department.

Backed by over $40 million in funding, MouseBelt aids 65 student blockchain community groups at 14 universities worldwide. Basically, the program aims to fill a knowledge gap in the university level system. As most of the institutions do not focus on Blockchain knowledge.

Binance Enabled OCO Order Types – Coinpedia

One of the leading cryptocurrency exchange, Binance has enabled OCO order types (One Cancels the Other) to the web trading interface. PC and App clients will have the OCO order type enabled at a later date.

Basically, OCO is a pair of orders combining a stop-limit order and a limit maker order on the same side. This is basically with the same quantity. When either of the orders execute (the stop price triggers for stop limit order), the other one is automatically cancels. And when canceling either of the orders, the entire OCO pair cancels.

Harmony(ONE) Gets Listed on KuCoin, Organized A GiveAway Contest

Harmony(ONE), a new public blockchain is in addition to KuCOIN. The supported trading pairs are ONE/BTC and ONE/USDT. Basically, ONE token is equivalent to 0.00000113 BTC (0.011499 USD). Deposits have started as we write. Trading and Withdrawal will take place at 18:00 and 20:00 on August 22, 2019 (UTC+8) respectively. To celebrate Harmony ONE’s listing on KuCoin, there will also be a Giveaway contest. In this contest $100 worth of ONE tokens are given to 10 community members.

Harmony aims to build a high-performance consensus platform that will enable scalable decentralized economies for everyone.

Blocko Raises $7.5 million In a Series B+ Funding Round.

Blocko, a Korean based Samsung SDS backed infrastructure provider, raised $7.5 million (KRW9 billion) in a Series B+ funding round. Shinhan Bank, KEB, Hana Bank, Investment Dadam including major domestic financial institutions participated and invested in the startup.

Blocko came into existence in December 2014 and has received series A, Series A + and Series B investments. This is from Samsung Venture Investment, Daesung Entrepreneur Investment, and POSCO Technology Investment. Samsung SDS has also invested in Blocko to boost future business competitiveness through startup investments.

XLM And BCHABC Now On Binance Margin Trade

Binance, a Cryptocurrency Exchange, has now added Stellar Lumens(XLM) Bitcoin Cash ABC (BCHABC) to its trade margin. New Margin Pairs are BCHABC/BTC, BCHABC/USDT, XLM/BTC, XLM/USDT. To avoid transaction delays, Binance has updated its list which has excited the Crypto market.

Trading will be open from 22/8/2019 on the Binance desktop as well as mobile platforms. Binance Exchange claims it to be much-awaited margin trading as it will make even more money due to this feature. Hopefully, traders will receive profits as well.

Zaif Moves To FISCO After Paying Customer Losses

Zaif, a Japanese cryptocurrency exchange, switched operator from Tech Bureau to FISCO virtual currency exchange from Aug 22, 2019. Zaif was hacked for about $60 million last year in September, so the management changed. 

The firm will refund BTC and BCH holders in their original cryptocurrency, but, due to liquidity issues, MONA holders will receive about 60 percent in the crypto and the remainder in Japanese yen. The report says that users can transfer their accounts to FISCO between September 2 and November 30. Tech Bureau will be signing the transfer agreement to FISCO on October 10, 2019.

XRP Listed On India’s Colodax, Subduing RBI’s Restrictions

Colodax, an Indian broker to peer digital asset exchange, has now included Ripple’s XRP in its trading list against RBI restrictions. Users will be able to trade XRP/INR, deposit/withdraw INR and wait for it to match with other brokers. The platform also offers 10 trading pairs. Basically, this includes Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Bitcoin Cash, Pundi X, 0x and the Tron cryptocurrency.

COLODAX is a service provided by Ganyt Solutions LLC. At present, there is no API. But the Crypdates app useful to view and compare prices across multiple exchanges.

Gemini Expands its Global Footprint, Opens Service in Australia

Gemini, a US based cryptocurrency exchange, founded in 2014 by Winklevoss Twins of Facebook fame, has opened its services to Australia on Wednesday. Gemini Exchange already supports trading in Canada, South Korea, Hong Kong, Singapore, and the UK. Australian Crypto users can now trade in bitcoin, bitcoin cash, ether, zcash, and litecoin through Gemini's desktop and mobile platform.

Gemini CEO Tyler Winklevoss said that they aim to build a trustworthy cryptocurrency experience for Crypto users globally. The exchange has also brought David Damato, a cybersecurity expert, as a Chief Security Officer.

Tether To Issue New Stablecoin ‘CNHT’

According to the reports from ChainNews, Bitfinex shareholder Zhao Dong confirmed to that Tether will issue CNHT in the near future and anchor the stable currency of offshore RMB. 

Zhao Dong further said that his digital asset management platform RenrenBit will open the transaction and recharge the cash in the first time. Basically, Tether is the company that launched the stable USDT, is part of iFinex, which is also the parent company of Bitfinex.

Dong claimed that his management platform RenrenBit will be the first one to invest in the upcoming stablecoin.

Apple Card Officially Launched In The US

Apple officially launched its Apple Card payments service to US customers. Also, introduced its Daily Cash rewards program and other benefits.

As per the announcement, iPhone users can easily apply for the Apple Card through the phone’s wallet app. Hence, start using it right away in stores, apps, and websites accepting Apple Pay.

The Apple Card provides three basic features of transparency, simplicity, and privacy. Besides, the Apple Card has no fees, but if customers fail to pay the full balance by the due date, they can attract the interest of 12.99% to 23.99% based on their creditworthiness.

Binance to Adjust Daily Interest Rate for Borrowing USDT

One of the leading Cryptocurrency exchange Binance announced to adjust the daily interest rate for borrowing USDT to 0.0275% from previous rate 0.0225%, starting from 2019/08/22 0:00 AM (UTC).

The platform also mentioned that after the above time, all existing borrowed USDT balances will have the daily interest rate automatically updated.

Previously, on August 20th, Binance announced to support an additional 200 Million ALGO Staking Rewards Program. Starting from September 1st, 2019, Binance will participate in this 200 Million ALGO program and distribute any proportional rewards received from this program.

C-Lightning to Release New Version

Blockstream, one of the Blockchain development company announced the release of version 0.7.2 of its scalability software c-lightning. Christian Decker, a blockchain researcher at Blockstream, announced on August 20 the release of new version via twitter. 

According to the tweet, the updated version of c-lightning supports dynamic plugin management as well as “the upcoming signet.” This version is "Nakamoto's Pre-approval by US Congress,” and is available via GitHub.

Basically, C-lightning is one of the implementations of Lightning Network. This is an additional layer on the Bitcoin blockchain. It allows users to build temporary channels to complete transactions.

Bitfinex/Tether Appeal Against NYAG’s Order on Motion

New York Supreme Court Judge Joel M. Cohen had passed a judgement on 19th Aug that Bitfinex and Tether must provide all documents to the New York Attorney General (NYAG) about an alleged $850 million cover up case within 90 days. Bitfinex has finally taken a stance and appealed against the judgement.

As per the appeal, Attorneys for the companies filed a motion to dismiss the NYAG’s case entirely and claimed that NYAG did not have any jurisdictional authority over the companies thus successfully getting a Stay Order for the investigation until further judgement.

China To Launch Digital Currency Before Facebook’s Libra

The People’s Bank of China (PBoC) set to launch it’s government-backed digital currency, CDBC. It is after 5 years of research says a China Daily report on 20th Aug. Experts also claim that Libra launch has triggered the launch.

Pilot testing has already started and many state-owned companies are tying up with banks to test cross-border scenarios using the CBDC. With smooth proceedings, the PBoC expects to launch the currency sooner than Libra. CBDC’s organizational structure is similar to that of Libra’s. Also, Binance is launching a blockchain project Venus, which is a competitor to Libra.

Crypto vs RBI case- New Proceedings From Ashim Sood Today

Crypto vs RBI case resumed hearing today, 20/8/2019 in Supreme Court, Court No. 5. Ashim Sood, counsel for the Internet and Mobile Association of India (IAMAI), questioned RBI’ ban on Cryptocurrency stating FATF guidelines suppress the illicit side of Crypto assets and earlier docs of RBI shows no study took place.

Mr. Nakul Dewan, Ld. Senior Advocate is briefing the court about RBI concerns regarding Virtual Currency. Ashim Sood effectively counters each concerns of RBI. The court adjourns for Lunch as we write. Read More.

New TronWallet Update With a Native Dex

Tron, in a recent Tweet, revealed new features of its open source, P2P crypto wallet, TronWallet. The’s team of 20+ people based in Canada, Brazil and Chile are working towards making a better Wallet.

The recent feature additions are that blockchain contacts can be saved on the wallet, while the token filter is back on demand. Some other performance and bugs were fixed in the latest update. Additionally, the app versions iOS v2.1.20 and Android v2.1.19 are available for download.

Rizex Platform Brings ESports To The Tron Blockchain

Rizex is a competitive gaming platform on TRON blockchain. It is allowing gamers to host or join tournaments with RIZEX (RZX) & TRX tokens. With the exponential growth of global Esports industry, there is no common platform for Gamers and Developers to monetize their games. Rizex wants to revolutionize the industry.

To develop the project, Rizex is carrying out an Initial Coin Offering (ICO) on 20/8/2019. Hard cap is 15,000,000 TRX while soft cap will be 2 million TRX. Participants must have a Tronscan supported wallet like TronLink or Ledger. The token sale is on Tronscan.

Binance App Back on Apple Store After Month Long Review

The Binance iOS App (V1.7.1) is back on Apple Store, being inaccessible for Apple users for about a month. Binance CEO Changpeng ‘CZ’ Zhao announced the news on Twitter on 19th Aug. He states that “listing the exchange’s app on Apple Store” was a difficult process.

Binance App was delisted from App store from May 2019 and was going through an App Store review since August 6. Zhao joked that listing on the Apple Store was actually harder than having a token being listed on Binance. It’s also available on Google Play and Binance’s official website for download.

Bitmex services access revoked – Candour or Deceit?

Bitmex, a Seychelles-based exchange issued a statement on Monday stating that the access will be revoked from Seychelles, Hong Kong, and Bermuda, where it’s headquarters are located. BitMEX’s service is also unavailable to the citizens of eleven regions. These include the US, the province of Québec in Canada, Cud Sevastopol, Iran, Syria, North Korea, and Sudan.

Bitmex states that this move is to achieve and ensure “Continued Compliance”, renowned economist Nouriel Roubini claims otherwise. As per a debate with BitMEX CEO Arthur Hayes, Roubini has raised a few concerns regarding the credibility of their trading services.

Rakuten Introduces Spot Trading Services For Virtual Assets

Rakuten Wallet has now introduced spot trading services for virtual assets. Using these services, the customers can conduct spot trading on their crypto assets directly from their “dedicated smartphone app”. 

As per the official post, this exchange will also include few security methods to ensure that the user’s crypto assets are safe.

Only Bitcoin, Ethereum, and Bitcoin Cash were listed for spot trading. Also, there was no fee for registering and managing an independent account. 

New Listings on Leading Cryptocurrency Exchange – Binance

PundiX: Binance DEX listed Pundi X NEM (NPXSXEM) and trading is open for an NPXSXEM/BNB trading pair at 2019/08/20 2:00 AM (UTC).To further trade on Binance DEX in the near future, you will be required to swap NPXSXEM from Mosaic tokens to BEP2 tokens.

Paycent: Binance DEX has listed Paycent (PYN) and trading is open for  PYN/BNB trading pair. Before trading the PYN coins, you need to swap from PYN ERC-20 tokens to PYN BEP2 tokens. This can be done in Paycent App.

MultiVAC: MultiVAC also will be listed on Binance DEX   trading is open for MTV/BNB trading pair at 2019/08/20.

Maharashtra To Use Blockchain In Agriculture, Insurance

As per DNA article on 19th August, the Maharashtra government has approved Sandbox plan of implementing Blockchain Technology in agriculture marketing, supply chain, registration of vehicles and document management system.

A regulatory sandbox, will be a common framework for adopting blockchain technology, will be prepared in the next five to six months.'' explains Srinivas.

The adoption of Blockchain technology shall simplify and speed up authentication of important documents like proof of birth, and other rights of ownership once they are recorded. Govt has already designated 10Cr, out of this 4Cr is approved by the Project Committee for implementation.

Crypto Exchange Coinone To Shut It’s Services

Coinone, a Korean based company announced to close CGEX services on September 18th, 2019, 02:00 (UTC).

After termination, users won’t be able to login to their wallets, make deposits, withdraw the money. Also, their data will be permanently deleted after Sep 18. The company has urged users to withdraw all the money before this date to avoid personal losses.

The new CGEX is touted to be introduced somewhere in 2019 end. Coinone has taken several steps to improve security, this termination being one of those decisions. 

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