Crypto exchange OKEx added Uniswap’s new UNI token to the array of assets offered on its platform, in addition to trading products around the asset. detailed“Not only has OKEx added support for spot trading of UNI, but it is also providing its users with the most comprehensive range of trading products for this hot DeFi token, including margin, swap trading, coin-margined perpetual swap and Savings, making OKEx the first exchange to offer UNI derivatives,” OKEx detailed in a statement Thursday. Uniswap, a decentralized exchange, launched its own Ethereum-based token, UNI, on Wednesday, dispersing the asset…
Month: September 2020
INX exchange taps Israeli crypto startup GK8 for crypto custody
INX, a cryptocurrency firm holding the first-ever token initial public offering, or IPO, approved by the Securities and Exchange Commission, or SEC, has chosen a digital asset custody provider. According to a Sept. 16 announcement, INX has enlisted Israeli crypto startup GK8 for digital asset custody on its upcoming crypto exchange. INX tweeted that the platform will use GK8’s end-to-end platform for managing and safeguarding digital assets. The platform includes GK8’s patented “air-gapped vault that can create, sign, and send blockchain transactions while staying 100% offline,” INX noted. Based in Gibraltar,…
BRD’s enterprise banking blockchain boosted by new compliance strategy
In July this year, the Office of the Comptroller of the Currency granted permission for federally chartered banks to provide custody services for cryptocurrency. While significant, the need for enterprise-grade infrastructure to securely deploy custody solutions has become crucial. Adrien Treccani, CEO of METACO — a technology partner for institutions entering the digital asset ecosystem — mentioned in a report published by Cointelegraph, PwC and CV VC that the institutional adoption of custody solutions for managing digital assets has clearly entered a new phase: “Greater regulatory clarity on digital assets…
Aspen offers cheap resort rooms as real estate tokens struggle
Despite the broader security token market booming in recent months, real estate tokens appear to be struggling amid the coronavirus pandemic. AspenCoin (ASPD), the digital security representing fractional ownership in 19% of a five-star 179-room hotel in Colorado, has announced discounts for token holders who stay at the resort to help boost sales. Aspen Digital is proud to announce loyalty program to token holders .@TQTezos @tezos @tZERO @aspen_digital @ElevatedReturns pic.twitter.com/HWozPxA2Km — Stephane De Baets (@StephaneDeBaets) September 16, 2020 Holders of between 10,000 and 99,999 ASPD will be eligible for a…
‘Price of Tomorrow’ author says Bitcoin is a ‘lifeboat’ amid financial turmoil
Renowned entrepreneur and author, Jeff Booth, has endorsed Bitcoin as a ‘“must have” investment in times when central banks are exacerbating the escalating debt problem. The comments came in a tweet thread discussing the notion that central banks believe they can somehow escape a massive debt problem by exponentially adding more debt. 6) In my humble opinion – Bitcoin is a “must” Not just for your wealth but as a lifeboat. Please do your own research. Follow @PrestonPysh @johnkvallis @RaoulGMI @APompliano @Breedlove22 @princey1976 @PeterMcCormack @MartyBent @LynAldenContact — Jeff Booth (@JeffBooth)…
FinCEN announces sweeping money laundering regulations overhaul
The U.S. Financial Crimes Enforcement Network (FinCEN) has announced it will be changing the anti-money laundering (AML) and counter-terrorist financing (CTF) rules within the financial sector. The announcement stated that FinCen will be seeking public feedback on forthcoming regulatory proposals intended to modernize and strengthen rules governing the reporting and monitoring requirements of financial institutions. The new policies seek to address “the evolving threats of illicit finance, such as money laundering, terrorist financing and related crimes” which suggests that crypto firms and exchanges will be firmly in the sights of…
13,000 DeFi users have already claimed Uniswap’s new UNI token
Decentralized finance (DeFi) platform Uniswap’s governance protocol token UNI went live on Ethereum earlier today. The community showed immediate support for the new token with Uniswap’s Twitter announcement garnering over 1.2 thousand likes in the first 90 minutes. 150 million UNI, or 15% of the token’s supply, is now available to be claimed by anyone who has used the platform. Synthetix founder Kain Warwick called the move a “galaxy brain move,” adding that this will be “the best token distribution we have ever seen.” With the news going viral, 13,000…
Bitcoin sentiment at record lows … Does it mean the price will go up?
A number of metrics indicate that social and trading sentiment for Bitcoin is still low despite its price breaking above $11,000 a couple of hours ago. On-chain analytics provider, Santiment has revealed that weighted social sentiment for Bitcoin is at its lowest level for two years. The metric takes into account the overall volume of Bitcoin mentions on Twitter and compares the ratio of positive vs. negative commentary on the platform. Social sentiment surged a few months ago when Bitcoin started its strong recovery following the mid-March pandemic induced market…
You can now send email right from your Ethereum address
Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early Bitcoin (BTC) adopter Hal Finney helped develop Pretty Good Privacy or PGP, which allowed users to encrypt various digital mediums, including emails. Unstoppable Domains co-founder Bradley Kam told Cointelegraph that the email service is not decentralized…
Fed expects near 0% interest rates for years, potentially boosting BTC’s value proposition
The U.S. Federal Reserve’s game plan going forward includes short-term interest levels between 0% and 0.25%, as decided by Fed brass in a Sept. 15 and 16 gathering. The independent body plans to maintain low interest rates in order to increase inflation, based on a Sept. 16 report from CNBC. Such news shines a light on Bitcoin as a store of value. The blockchain-based currency is largely immune to such actions, as it is protected against inflation by its permanent cap of 21 million coins. A majority of the Fed’s…