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Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms

Changpeng Zhao Binance

The world’s largest cryptocurrency exchange by means of traded volumes will be launching its own public blockchain in “a couple of months or so,” according to its CEO, Changpeng Zhao.  ‘There Will be Millions of Coins and Thousands of Blockchains’ Speaking at the stage of Forbes Asia Forum: Decrypting Blockchain, the CEO of the Binance Changpeng Zhao (CZ) revealed that the company’s public blockchain dubbed Binance Chain will be released very soon – within the

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Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record

In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'

Venezuela saw yet another new record for Bitcoin use December 1 after another week of economic shake-ups made the cryptocurrency more appealing than ever. 1 Week, 1300 Bitcoins Data from Coin Dance confirms that in the seven days ending Saturday, Venezuelans transacted 1284 BTC ($5.1 million) via P2P trading platform Localbitcoins alone. In terms of the country’s highly volatile national currency the Sovereign Bolivar (VES), last week saw higher numbers still, Localbitcoins trade capping 2.35

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Why a Cryptocurrency Exchange Rating System is Overdue – Cointelligence [Interview]

Cryptocurrency exchange rating Bitcoin Gets A C+: Weiss Cryptocurrency Ratings Fall Short Of The Mark

Bitcoinist spoke with On Yavin, CEO of Cointelligence, an educational and data platform for the cryptocurrency space that will soon launch the first-ever cryptocurrency exchange rating system in early 2019.  A cryptocurrency exchange rating system is perhaps overdue for the crypto space given the history of hacks, scams and regulatory challenges that present barriers to mass adoption. “We didn’t see someone else doing ratings for exchanges,” says Yavin. “We think it’s very important for the

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Huobi Debuts Cryptocurrency Derivatives Market Platform

Huobi DM

Huobi just announced the launch of its cryptocurrency derivatives trading service – Huobi Derivative Market (Huobi DM). The Singapore-based exchange says the platform will initially handle USD-denominated Bitcoin Contracts. Huobi Cryptocurrency Derivatives Market The cryptocurrency exchange platform announced the launch of Huobi DM at the Cryptofrontiers conference in New York on Wednesday (November 28, 2018). According to the company, Huobi DM represents the next big thing in virtual currency trading combining cryptocurrency derivatives and a

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Meet The Man Who’s Building a Commission-Free ‘BitMEX’ [Interview]

Digitex Adam Todd

Bitcoinist spoke with Adam Todd, CEO of Digitex Futures, a trading platform that aims to become a commission-free, non-custodial ‘BitMEX’ for cryptocurrencies built on Ethereum.  Bitcoinist: What is Digitex Futures? What are you doing that’s different/new? Can you give us your elevator pitch? Adam Todd: Digitex Futures is a commission-free, non-custodial futures exchange. Traders can speculate on the price of Bitcoin whilst paying zero transaction fees on their trades and without having to trust the exchange

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South Korea Approves Its First Cryptocurrency Exchange Upbit

South korea green light approve bitcoin

South Korea’s Internet and Security Agency (KISA) awarded Upbit an information security management system (ISMS) license, for its strong infrastructure.  Upbit Becomes First ISMS Licensed Exchange Upbit, South Korea’s largest cryptocurrency exchange by volume, has become the first to obtain an ISMS license. In December 2017, KISA decided that all internet and data related companies generating more than $100 million in revenue would require an ISMS license. KISA assesses these firms based on over one-hundred criteria, to

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French Tobacco Shops to Start Selling Bitcoin Vouchers in 2019

French cryptocurrency platform Keplerk has partnered with tobacco shops in the country to start offering Bitcoin to customers from early next year. French regulators and the Central Bank of France have warned consumers about the risks associated with investing in digital currencies. Tobacco Shops First Brick and Mortar to Sell Bitcoin in the World, Says Keplerk Keplerk,...

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US ‘Investigating’ If Tether, Bitfinex ‘Illegally Moved’ Bitcoin Price to $20K

tether US dept. Justice

Bitcoin’s latest price plunge has coincided with fresh scrutiny of stablecoin Tether and exchange Bitfinex almost a year after both received subpoenas from US authorities. DoJ ‘Homing In’ On Tether, Bitfinex As Bloomberg reports November 20 citing “three people familiar with the matter,” Tether and Bitfinex, which share a CEO, are under suspicion of market manipulation. While no formal accusations have yet been made, the US Department of Justice (DoJ) is investigating the pair’s potential

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VanEck’s MVIS Debuts First Ever Bitcoin OTC Index

Bitcoin OTC index Binance

Over-the-counter (OTC) trading gained visibility and prestige this week as MVIS launched the first cryptocurrency OTC index and Binance Labs made fresh investments. Circle, Genesis, And Cumberland: Bitcoin OTC Index Source In a press release November 20, German-based MVIS unveiled its latest digital asset index composed of what it calls “three of the leading providers in OTC liquidity,” namely Circle Trade, Cumberland and Genesis Trading. The product, dubbed the MVIS Bitcoin US OTC Spot Index

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Cryptocurrency Exchange KuCoin Secures $20 Million in Series A Funding

KuCoin funding

KuCoin has secured $20 million in Series A funding as part of the company’s drive for rapid expansion across the globe. The cryptocurrency exchange platform has plans to establish its presence in places in Europe and Latin America. IDG Capital Leads Funding Round In a statement published by KuCoin on Thursday (November 15, 2018), the Singapore-based cryptocurrency exchange announced the close of its $20 million series A funding round. IDG Capital, as well as NEO

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