Day: September 3, 2019

Paycent Announces Trading Contest as It Goes Live on Binance DEX

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Binance DEX is one of the sought-after trading platforms within the cryptocurrency community, and every project wishes to get listed on that. Paycent, the first crypto-fiat debit card has managed to achieve this, as the company’s PYN tokens go live on Binance DEX on September 3, 2019. To mark the occasion, and to promote the project further, Paycent has announced a 45-day long trading contest with attractive giveaways and prizes on offer. In what it calls the biggest trading contest in the history of crypto, Paycent is planning to give…

One of Thailand’s Popular Crypto Exchanges Suddenly Ceases All Operations

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Bitcoin Co. Ltd. (BX.in.th), one of the largest crypto exchange and trading services provider in Thailand recently announced that it will discontinue its trading, exchange and wallet services from September 30th, 2019. The crypto exchange informed the users to withdraw their funds before November 1st, 2019. The latest notification of one of Thailand’s largest and most popular cryptocurrency exchanges, is shutting down its services later this month. The reasons for the unexpected and sudden shut down are still unknown. However, the company said that it wants to focus on “other…

Crypto Firms to Be Regulated as of January 2020

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The Dutch central bank has today revealed it will begin regulating firms that offer cryptocurrency-related services as of Jan. 10, 2020. Reuters reported on Sept. 3 that De Nederlandsche Bank clarified that relevant firms in the sector must register with the institution if they wish to continue to operate. The bank’s official statement reportedly reads: “In concrete terms, firms offering services for the exchange between cryptos and regular money, and crypto wallet providers, must register with De Nederlandsche Bank.” Recent cryptocurrency developments in the Netherlands As reported, Dutch ministers had urged…

Binance Acquires Crypto Exchange JEX to Boost Derivatives Offerings

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Binance has announced the acquisition of crypto exchange JEX in a bid to boost its crypto derivatives offerings for pro traders. Seychelles-registered JEX offers spot and derivatives (including options and futures) trading in cryptocurrencies such as bitcoin and ether. Going forward under Binance management, the derivatives exchange will be known as Binance JEX. JEX offers its own token, also called JEX, which will continue to be guided by its existing foundation, Binance said. Binance plans to first distribute the tokens to users through “marketing activities and community incentives” before ultimately clawing back…

Publicly-Listed Firm Files Patent to Put Cannabis on the Blockchain

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Australian Securities Exchange-listed firm Security Matters has filed a patent application in the United States for a blockchain system to securely manage the cannabis supply chain. The proposed system could be applied to mark, track and manage the supply chain for cannabis plants, products and cannabis-derived ingredients, ZDNet reported on Sept. 3. Cannabis on the blockchain Security Matters — which publicly trades in Australia but is headquartered in Israel — has indicated that the scope of the patent covers the use of its proprietary chemical solution for “marking” cannabis plants…

Bitcoin Price Breaks $10,000, Supercharged by China’s Soaring Forex Appetite – CCN Markets

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Bitcoin price is trading back above $10,000 again. | Source: Shutterstock Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1.14 percent gain, adding up to 12.44 percent since August 30 low of $9,337. The upside move also brought bitcoin’s market capitalization to about $180.90 billion, which covered more than 70 percent of the total cryptocurrency market valuation. Bitcoin on a 5-day winning streak as Yuan…

Shanghai Blockchain Week Returns for Fifth Consecutive Year to Discuss the Next Decade of the Blockchain Industry

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Wanxiang Blockchain Labs, a non-profit research institution focusing on blockchain technology, has announced the return of its annual Global Blockchain Summit and Shanghai International Blockchain Week for the fifth year running, from September 16-18. Hosted in the W Shanghai – The Bund, the event brings together technological experts, academics, and business leaders to discuss the potential of emerging technologies such as cross-chain and privacy-preserving computing in the blockchain sector, as well as the outlook for the blockchain space within the next decade. advertisement David Johnston, Founder of Yeoman Capital and…

Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report

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Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin backed by a basket of commodities such as gold, crude oil and rubber. In private correspondence with Cointelegraph on Sept. 3, Dong said that the idea of issuing Tether (USDT) pegged to a commodities basket was being mooted in order to mitigate the risks associated with keeping large amounts of funds deposited in banks. “Tether is backed at least 83.75% by USD” Aside from the commodity stablecoin news, Dong commented…

Legit or Not, Liquid Discloses Wallet Address for Telegram’s Gram Token Sale

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Photo: Liquid / Instagram Japan-based cryptocurrency exchange Liquid, that conducted a sale of Telegram’s crypto tokens back in July, has revealed the wallet address where the sum will stay until releasing of the tokens. The wallet, as announced, carries $4,123,116.76 worth of the USDC stablecoin. As we previously reported, the strange story started out in June when Liquid announced they were holding a public sale of Telegram Open Network’s digital token – GRAM. To list the token, the platform partnered with Gram Asia, apparently the largest holder of the native…

Bitcoin Dominance Hits 70% as Keiser Warns Altcoins ‘Not Coming Back’

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Bitcoin (BTC) now has the highest share of the overall cryptocurrency market since before its record-breaking $20,000 bull run in 2017.  According to data from major monitoring resource CoinMarketCap, Bitcoin now accounts for 70.5% of the total cryptocurrency market cap as of Sept. 3.  Bitcoin market cap hits pre-$20K high That figure has not been seen since March 2017, and comes as BTC/USD makes gains at altcoins’ expense.  As Cointelegraph reported, continued underperformance in cryptocurrencies other than Bitcoin has triggered warnings from traders and analysts alike.  Among them are Peter…