Tag Archives: Cryptocurrencies

The world’s largest cryptocurrency exchange by trading volumes, Binance, said that it will launch its over-the-counter (OTC) trading platform next month. More importantly, Binance says that the OTC platform will provide gateways to deposit fiat currencies including the Chinese Yuan.In a media session at the Shanghai Blockchain Week on Tuesday, September 17, Binance’s co-founder and chief marketing officer He Yi said that the platform will support fiat-on-ramp through OTC for the Chinese...

As the stablecoin race catches up, cryptocurrency exchange Binance wants to position its Venus stablecoin more aggressively. Taking a dig at Facebook‘s Libra, Binance said that the Venus will be a government-friendly alternative to the Libra Coin.Last month in August 2019, Binance unveiled its plans to launch stablecoins and other digital assets pegged to fiat currencies across the globe. This initiative is part of the company’s plan to form major partnerships and alliances with global...

eToro as a broker in its own right has been a huge presence in the Forex and CFD trading industry since its inception in 2006. They have grown continuously and now cater to millions of traders worldwide.Following on from progressive growth in the number of digital assets offered, the eToro group launched sister platform eToroX Exchange in April 2019. The company is regulated in Gibraltar under the umbrella of the Gibraltar Financial Services Commission.The crypto exchange currently offers...

Binance, one of the world’s leading crypto exchange is opening its platform for the American market today, on September 18. In the official post published by CEO Catherine Coley, it was noted that Binance US will support the biggest coins in the market and will offer to make US Dollar deposits as well. The blog post reads:“We will be accepting inbound transfers of BTC, ETH, XRP, BCH, LTC, USDT, and USD upon appropriate account verification.”But what’s about Binance Coin (BNB)? It was not...

Japan’s popular messaging app LINE has launched its new crypto trading platform Bitmax. According to the press release, Bitmax is a simple and secure cryptocurrency exchange that makes getting started easy even for beginners at cryptocurrency trading.It will allow users to trade five types of cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC). The announcement has been made after LINE received a cryptocurrency business license from the country’s...

The Chicago Board Options Exchange’s (CBOE) BZX Exchange has withdrawn the proposed rule change in the Bitcoin ETF proposal issued by the VanEck/SolidX Bitcoin Trust. The SEC notice on Tuesday, September 17 states that CBOE decided to withdraw its proposal last week on September 13.The VanEck SolidX Trust filed for the Bitcoin exchange-traded-fund (ETF) with the SEC earlier this year on January 30. Nearly after a month on February 20, 2019, the Federal Register published the filing.Over the...

The crypto market has lately been quite volatile with Bitcoin displaying strength in its increased dominance. However, that dominance seems to have faced some challenges from several other altcoins that surged on sharply on September 18. With Ripple’s XRP leading the way, it seems like the altseason is coming soon.The sudden surge in XRP could have come as a response to reports a looming fork of the token. These reports arising from a civil war that has been happening among the XRP community...

Out of the blue, the crypto space seems to have come alive after weeks of sideways trading and little movement to indicate a specific direction of the cryptocurrency markets. Altcoins have come alive with Ethereum and XRP leading the charge this time, while Bitcoin sits still.Within the last twelve hours, Ethereum (ETH)has risen to slightly above the $200 psychological resistance level (about 7.69%) and it is currently trading at $213.99. XRP has risen to $0.31 indicating an impressive 13.73%...

The long-awaited launch of arguably the world’s largest cryptocurrency exchange for the American market, Binance US is finally here. Binance US opens today Wednesday the 18th of September, and promises to deliver world-class digital trading technology with great speed, ensuring a remarkable experience for all of its customers. Before now, the crypto exchange had its services restricted in the US and later announced that it will open a more American specific platform to cater to the...

The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy D. DeWitt, General Counsel of Coinbase‘s Business Lines and Markets and the vice president, as the director of the Division of Market Oversight (DMO).According to the CFTC’s announcement, at CFTC, Dorothy D. DeWitt will be responsible for supervision of derivatives platforms and swap data repositories, as well as evaluating new platform-traded products. Ms. DeWitt...