Cryptocurrency exchange Binance has made its first direct investment in a South Korean startup. According to an exclusive report by CoinDesk Korea, Binance has taken a 500 million won ($432,000) stake in BxB, a Korean fintech firm that launched a Korean won stablecoin last year. Alongside the investment, the two firms have inked an agreement that will see BxB support Binance in operating a new support center for local users of Binance.com, the exchange’s international platform. The investment was made, not through the exchange’s incubator arm Binance Labs, but directly…
Day: January 14, 2020
LinkedIn Says Blockchain Is Top Skill for 2020
Blockchain is listed as the number one “hard skill” for 2020 in a new report compiled by jobs site LinkedIn. “Last year, cloud computing, artificial intelligence and analytical reasoning led LinkedIn’s global list of the most in-demand hard skills,” LinkedIn wrote in the report. “They’re all on the list again this year, but a skill we weren’t even looking at a year ago – blockchain – tops the list of most in-demand hard skills for 2020.” After analyzing the profiles of the users who are “getting hired at the highest…
Judge Orders Craig Wright to Produce $9.2 Billion Bitcoin Holdings
Self-proclaimed Bitcoin (BTC) creator Craig S. CSW (CSW) now has 20 days to prove his claims by producing the $9.2 billion in BTC held in the Tulip Trust. Meanwhile, Bitcoin SV (BSV), touted by CSW as being the true Bitcoin is currently on a roll, moving up the top 10 rankings by market capitalization. Moment of Truth for CSW In court’s ruling delivered on Monday (January 13, 2019), Australian computer scientist and self-proclaimed BTC inventor Craig Wright now has until Monday (February 3, 2020) to declare his alleged large BTC…
Paxos’ Tokenized Gold Futures Are Now Trading on FTX Exchange
For the first time, investors can trade gold-backed futures contracts on a leading crypto derivatives exchange. In addition to its spot market trading, PAX Gold is now available as perpetual and quarterly futures contracts on FTX. Using PAX Gold, a stablecoin backed by gold, FTX will allow traders to buy and sell gold futures contracts via digital assets. A futures contract is an agreement to buy or sell a specified asset at a predetermined price at a specific time in the future. The price of PAX Gold is tied to…
Paxos’ Tokenized Gold Futures Are Now Trading on FTX Exchange
For the first time, investors can trade gold-backed futures contracts on a leading crypto derivatives exchange. In addition to its spot market trading, PAX Gold is now available as perpetual and quarterly futures contracts on FTX. Using PAX Gold, a stablecoin backed by gold, FTX will allow traders to buy and sell gold futures contracts via digital assets. A futures contract is an agreement to buy or sell a specified asset at a predetermined price at a specific time in the future. The price of PAX Gold is tied to…
These 4 Factors Suggest the Altcoin Crypto Market Rally is Only Just Beginning
The Altcoin Index Perpetual Futures broke out of a major resistance level in the past week, which may indicate that due to the strong momentum in the crypto market, major altcoins are in a prime position to sustain their upward movement. $ALT perp:Breakout ✅Retest ✅Consolidation ✅Continuation ✅ pic.twitter.com/V3Q3Kv9fwy — The Crypto Monk ⛩ (@thecryptomonk) January 14, 2020 After breaking out of the resistance level the first time, it corrected to retest the level, consolidated, and cleanly broke out of the resistance level. These four factors, which can be considered as…
Singapore Crypto Consultant Kidnapped for $1 Million Ransom
Singaporean Mark Cheng was recently kidnapped in Thailand and tortured for a $740,000 ransom in Bitcoin (BTC), the South China Morning Post and others report on Jan. 14. After transferring all his available funds of $46,000, he allegedly made a daring escape as his captors prepared to murder him. Cheng was on a business trip to Thailand with associate Kim Lee Yao Wei when a group of masked men grabbed them and put them in a nearby truck, Cheng told Singapore Chinese publication Lianhe Wanbao. Cheng also implicated Thai actor…
CME’s Bitcoin Options See First-Day Volume of $2.3M
Options on bitcoin futures from Chicago Mercantile Exchange (CME) got off to a good start on Monday, seeing trading volume reach 55 contracts in the opening session. That amounts to a notional volume of about $2.3 million or 275 bitcoin, with each contract worth 5 BTC. Also, only call options traded on the first day, as noted by Skew.com, provider of data analytics for Bitcoin and Ether derivatives. An option contract is a derivative based on the value of an underlying instrument that provides the right, but not the obligation,…