Day: October 16, 2018

Animoca Brands Teams Up With Six Leading Blockchain Companies

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Animoca Brands has joined hands with six leading blockchain companies to expand its reach in the blockchain-gaming market. The game developer intends to enhance its capability in the blockchain area with its mutual investment in these blockchain companies. Until now, the company has made deals with around 17 blockchain companies. Animoca to work in union with leading blockchain companies With its investment in Datum, Musicoin, LikeCoin, I-House, OST, and Harmony the emerging gaming company secured a token of around $1 million. Along with these six blockchain companies, Animoca wants to…

Fifth Largest Crypto Exchange Huobi Lists Four USD-Backed Stablecoins, Following OKEx

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Another major crypto exchange Huobi has announced the listing of four stablecoins at once, according to an official statement Tuesday, October 16. Starting Friday, Oct. 19, the fifth largest crypto exchange by trading volume will start accepting deposits of four USD-backed stablecoins – Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD). The Huobi Global team noted that the stablecoins are already available on Huobi Wallet, while the launch time and other details are set to be announced at a later time. Huobi also stated that they will…

Digital Asset Blockchain Beats Wall Street’s Minimum Scale

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Global business technology provider GFT has announced results of an independent performance test on the Digital Asset (DA) platform showing that the platform can process trading volumes exceeding 27,000 trades per second over a sustained period of time. These results place the platform above peak US equity trading volumes according to the DTCC. Founded in 2014, Digital Asset claims to be the only distributed ledger platform to have been developed according to the production requirements of the world’s largest financial institutions. GFT on its part provides business, IT and software services …

Digital Asset Blockchain Beats Wall Street’s Minimum Scale

boss

Global business technology provider GFT has announced results of an independent performance test on the Digital Asset (DA) platform showing that the platform can process trading volumes exceeding 27,000 trades per second over a sustained period of time. These results place the platform above peak US equity trading volumes according to the DTCC. Founded in 2014, Digital Asset claims to be the only distributed ledger platform to have been developed according to the production requirements of the world’s largest financial institutions. GFT on its part provides business, IT and software services …

Abu Dhabi, Belgium Ports Collaborate on Blockchain Trade Pilot

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A subsidiary of Abu Dhabi Ports has partnered with Belgium’s Port of Antwerp for a blockchain pilot aimed to facilitate international trade. The proof-of-concept (PoC) trial will be conducted by Maqta Gateway using its own blockchain platform, Silsal, which was launched in June to address inefficiencies in the shipping industry and better connect importers and exporters. According to a press release, the trial is expected to help the companies handle trade documentation between the United Arab Emirates and Belgium, “providing full cargo visibility and streamlining trade flows and supply chains.” The pilot is…

AI-Driven Platform ‘Outperformed Stock Markets’ – And Now, It Is Focusing On Crypto

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What if the volatility of cryptocurrencies could be eliminated, making crypto more of a feasible, mainstream investment? An established fintech company is working to achieve just that. Rise, which was founded in 2012, is planning to adapt its artificial intelligence (AI) trading technology to the cryptocurrency markets – enabling users to manage their investments and trade across dozens of exchanges. The Germany-based software firm began life in 2012, and its algorithms are already being applied to stock markets, forex, precious metals, and other commodities. Since its launch, Rise says its technology…

Spread between BTC/USD and BTC/USDT Crosses $300

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The imbalanced peg between the US Dollar and Tether LLC’s USDT has resulted in a $300-spread in Bitcoin price. At the press time, the aggregated Bitcoin-to-dollar exchange rate on non-Tether exchanges is approximately 6430-fiat. Meanwhile, on Tether exchanges like BitFinex, the same forex rate is above 6700-fiat. The strange trading activity, which started surfacing on Monday, has seen traders getting their money out of USDT however possible. The exchanges that offer USDT liquidity, including BitFinex and Binance, therefore experienced a massive drop in USDT value against its quote currencies, which…

Telegram Could Launch TON Blockchain Platform This Fall

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Telegram Could Launch TON Blockchain Platform This Fall October 16, 2018 by Vladimir Litvinov Messaging application Telegram could launch its long-anticipated blockchain platform, Telegram Open Network (TON), in test mode as early as this fall. Also see: Galaxy Digital Will Be First Custody Client of Fidelity Digital Assets Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts TON Getting Closer to Showtime Most critical components of the blockchain have already been developed and will be ready for a test run “later this fall,” Russian business daily Vedomosti reported,…

Messaging Giant LINE Launches Trading of Its LINK Token on Native Exchange

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Japanese messaging app provider LINE Corporation announced that its newly-developed LINK (LN) token is now tradeable on its native BITBOX cryptocurrency exchange in a press release Tuesday, October 16. LINE, which launched BITBOX in July, will offer trading against three cryptocurrency assets – Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) – out of a total of thirty currently available on the exchange. BITBOX does not offer fiat trading. In future, LN holders will be able to spend their holdings in LINE’s decentralized application (DApp) system, also currently under development, the…

Crypto Exchange Bitfinex Restarts Fiat Deposits Claiming ‘Improved’ System

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Cryptocurrency exchange Bitfinex has just announced a new process for depositing fiat currency after the platform halted service in recent days. Announcing the news in a blog post Tuesday, the exchange said the “new, improved and increasingly resilient” deposit system would again allow users who have been verified for know-your-customer (KYC) compliance to top up their accounts with U.S. dollars, pounds Sterling, Japanese yen and euros. In a previous post on Oct. 5, Bifinex said “processing complications” had caused it to suspend fiat deposits for “certain customer accounts” and “user groups,” last…