September 22, 2020

Binance Innovation Zone to Let Select Users Trade New DeFi Tokens

September 22, 2020 boss

The new development comes just moments after Binance was criticized that it usually lists DeFi projects as soon as they are launched without giving projects time to prove their market credibility. On Monday, the global crypto exchange announced this new measure regarding the acquisition of DeFi tokens that filters out viable users based on their risk appetite. The creation of the so-called Innovation Zone, as Binance CEO Changpeng Zhao explained, will act as protection that buffers the less suited users from exposure to the “risk” that emanates from high-risk trades. The…

Global Hashpower Exchange Launches World’s First Exchange Dedicated to Hashpower Futures – GHPEX.com

September 22, 2020 boss

September 22, 2020 – Global Hash Power Exchange today announced the launch of GHPEX.com, the world’s first crypto exchange devoted to trading hashpower futures, signaling the next evolution of crypto trading. Designed for traders and miners in mind, GHPEX.com offers traders the ability to increase their leverage to take short and long positions, earning higher returns, and for miners to mitigate risk through selling future contracts at attractive prices. Although a relatively new commodity in the trading world, hashpower is the essential component necessary for mining both Bitcoin and alt…

YFI Worst Hit by Ongoing Crypto Market Meltdown; Could It Recover?

September 22, 2020 boss

YFI has been among the worst-hit tokens in an ongoing meltdown that has wiped $65 billion from the cryptocurrency market. As of 1223 GMT Tuesday, YFI/USD was trading about 47 percent lower from its all-time high at $44,003. The pair’s downside correction followed a major rally that brought it up by more than 2,500 percent until last week. So it appears, traders decided to lock their profits at local tops, causing the market to flip bearish later. YFI is eyeing a $20K-retest in the coming sessions. Source: TradingView.com YFI is…

EV Maker WM Motor Raises $1.47B in Series D Funding

September 22, 2020 boss

WM Motor is reportedly planning to file for a listing on Shanghai’s Nasdaq-style STAR Market in early 2021. The electric vehicle industry has taken a huge lift off during the pandemic, with several of China’s EV companies taking the center stage in the global market. Through its official website, WM Motor announced that it has raised capital through different investors to further its course. The company wrote that it “completed a D round of financing of 10 billion yuan , which is the largest single round of financing in the…

Canada’s first regulated crypto exchange Wealthsimple Crypto goes live

September 22, 2020 boss

Wealthsimple Crypto, the first regulated cryptocurrency exchange in Canada, is rolling out its trading platform to the public today. Starting from Sept. 22, users in all 13 provinces and territories in Canada will be able to sign up for the new product and start trading cryptocurrencies. At the launch, Wealthsimple Crypto will allow users to buy and sell Bitcoin (BTC) and Ether (ETH) through the platform’s mobile app. Deposits and withdrawals can only be made in Canadian dollars, The public launch of Wealthsimple Crypto comes shortly after the company received…

Non-Fungible Tokens (NFTs) Are The Next Big Thing After DeFi

September 22, 2020 boss

They say the bigger they come, the harder they fall, and DeFi sure fell hard during this market dip. With that, NFTs have suddenly become the next big thing. NFTs are unique tokens that are not interchangeable as a result of their distinctive characteristics. As “one-offs,” the idea of investing in NFTs is gaining ground. “They are ERC-720 compliant, and have been mostly used in the storage of crypto-collectibles such as arts; providing a means of proving authenticity and ownership, and in crypto gaming. Non-fungible tokens are tokenized versions of…

What is VeChain? | Blockchain News

September 22, 2020 boss

VeChain was founded in Shanghai in 2015 by the former CIO of Luis Vuitton China, Sunny Lu. It is a blockchain platform designed to improve business processes and supply chain management via more efficient information sharing. While many blockchains are purposed for financial gain through improving and marketing the underlying technology to attract investors for their cryptocurrency, VeChain’s value lies in serving existing businesses by providing blockchain-as-a-service (BaaS) via ToolChain, a platform that allows businesses to make use of their underlying blockchain. VeChain aims to increase blockchain adoption by demonstrating…

AAPL Stock Up 1%, Apple CEO Impressed with Employees’ Remote Work

September 22, 2020 boss

Apple CEO Tim Cook said he is impressed with employees’ effective remote work. But he thinks that workers can return to the office by next year. Apple Inc (NASDAQ: AAPL) CEO Tim Cook recently said he is impressed by staff performance with remote work. He said that some things “work really well virtually”, and further suggested that remote work for Apple employees may continue for much longer. Many companies, including Apple, were forced to temporarily shut down services at the peak of the pandemic. As a result of the “unprecedented…

Indian police begin probe into alleged $270K cryptocurrency exchange scam

September 22, 2020 boss

The operator of Delhi-based cryptocurrency platform Pluto Exchange is accused of duping 43 investors of more than $272,000. A local news outlet Millennium Post reported that the Economic Offence Wing of the Delhi Police has launched a probe against the operators of the Pluto Exchange after 43 investors filed a complaint with the EOW. Bharat Verma, the founder of Pluto Exchange, and others involved in the investment scheme allegedly lured investors by saying they were running crypto trading and cryptocurrency mining operations under the company “F2poolminin.” Joginder Kumar, one of…