RedCab now listed on Bluebelt Exchange

RedCab LLC, a decentralized peer-to-peer transportation solution which is powered by blockchain technology is now listed on Tokyo-based Japanese cryptocurrency exchange, Bluebelt. With services geared towards both individuals and enterprises, Bluebelt is regulated within its international markets and boasts consistently quick trade execution, strong wallet protection, and high-level security and maintenance practices. Boasting a research team that has spent around a year gathering information, finding gaps in the market, and assessing the viability of the business, it’s safe to say that RedCab has left no stone unturned. With a minimum…

Binance the Latest Exchange to List Goldman Sachs-Backed USDC Stablecoin

Twitter Facebook LinkedIn Leading cryptocurrency firm Binance has become the latest exchange to list the USDC stablecoin. In a statement, the cryptocurrency exchange indicated that trading of the USDC and bitcoin (USDC/BTC) pair, as well as the Binance token and the USDC (USDC/BNB) pair, will commence on November 17. Depositing the stablecoin which is pegged on a one-to-one ratio with the US dollar has, however, already started. https://twitter.com/binance/status/1062902529011281920 USDC, which is an ERC-20 token on the Ethereum network, was launched by cryptocurrency exchange Coinbase and Goldman Sachs-backed crypto firm Circle…

Kinesis Money and Allocated Bullion Exchange seek to create a commercial blockchain venture with Jakarta Futures Exchange in Indonesia

ADVERTISEMENTS Jakarta Futures Exchange, the leading futures and derivatives exchange group in Indonesia, announced an expanded Memorandum of Understanding with Kinesis Money and Allocated Bullion Exchange. With the partnership, Jakarta Futures seeks to develop an Indonesian based and regulated blockchain exchange using Kinesis technology. Kinesis is a monetary system which is based on the traditionally stable commodities, gold and silver. The Kinesis Monetary System (JFX) allows participants to mint their precious metals onto the blockchain using a bespoke process developed by Kinesis in partnership with Allocated Bullion Exchange (ABX).  This…

Crypto Exchange Huobi Dismisses 6 of Its 10 Employees in Brazil: Report

Twitter Facebook LinkedIn Major cryptocurrency exchange Huobi has recently dismissed 60% of its workforce in Brazil, a country it entered a few months ago. While the motive behind the move is currently unclear, competition in the country could be the culprit. According to local news outlet Portal do Bitcoin, Huobi Brazil’s CEO Frank Tao confirmed over the phone that 6 of the exchange’s 10 employees in the country have been dismissed. They were warned in late October and early November that their contracts wouldn’t be renewed. Per the report, one…

Crypto Exchange KuCoin Proved its Legitimacy by Raising $20 Million

Twitter Facebook LinkedIn Singapore-based KuCoin, a major crypto exchange with an active and loyal user base, has secured $20 million in a funding round led by $20 billion venture capital firm IDG. Michael Gan, the CEO of KuCoin, wrote, “Today, we are thrilled to announce that we have closed our Series A Round of Funding, raising $20 million (USD) from IDG Capital, Matrix Partners and Neo Global Capital,” adding that the investment will allow KuCoin to continue to grow rapidly in the years to come. “We are extremely excited and…

Crypto Exchange OKCoin Expands to Latin America & Opens Fiat Market

Twitter Facebook LinkedIn Popular cryptocurrency exchange OKCoin has recently revealed, through a press release shared with CCN, that it expanded to the Latin American market, with a platform that’s set to let users trade top cryptocurrencies against local fiat currencies. According to the release, OKCoin’s expansion to Latin America comes after it became a fully licensed platform to operate in the region. Initially, it will allow users in Argentina to deposit Argentine pesos (ARS) to the platform, which can then be traded with top cryptos like bitcoin, bitcoin cash, ethereum,…

Parent Co. of World’s Largest Crypto Exchange OKEx Launches Trading in Argentina

OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has  launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.”   OKCoin has also revealed its plans to extend its services all over Latin America, adding other…

Hong Kong Exchange KuCoin Nets $20 Million Investment From Major VC Firms

Hong Kong-based international cryptocurrency exchange KuCoin has closed a Series A funding round worth $20 million, the company confirmed Nov. 14. Led by IDG Capital, Matrix Partners and Neo Global Capital, the funds will go towards the release of KuCoin’s 2.0 platform, expansion into new markets, research and more. “We will continue to spare no effort in exploring the best hidden gems in the crypto world while growing exponentially on a global scale and, more importantly, solidifying our position as ‘The People’s Exchange,’” officials commented in the release. Strategically affiliated…

Top Crypto Exchange Binance Adds Circle’s USD Coin in Latest Stablecoin Support Move

Major cryptocurrency exchange Binance announced it would list Circle’s USD-pegged stablecoin USD Coin (USDC) in a blog post Nov. 15, with deposits opening immediately. USDC, which the financial services company announced in May this year and released in September, is one of an increasing number of cryptocurrencies notionally tied 1:1 with a major fiat currency. Binance is not the first major platform to list USDC, U.S. exchange Coinbase supporting the asset since the end of last month. “For increased transparency, USDC has engaged a top-ranking auditing firm to release monthly…

Thai SEC Urges Public to Avoid Unlicensed Crypto Exchange as Regulation Set to Take Effect

Thailand’s financial regulator has told a cryptocurrency exchange to cease advertising and warned citizens not to use it due to legal uncertainty, the Thai Securities and Exchange Commission (Thai SEC) reported Tuesday, Nov. 13. In the release, the Thai SEC said it had not officially endorsed Q Exchange, a joint Thai and South Korean venture, within the framework of its new cryptocurrency laws. The Q Exchange, which reportedly offers ten crypto including Ethereum (ETH) and Bitcoin (BTC), noted that it had plans to launch its Q Token on Oct. 25, Thai…