Blockchain 

Crypto Exchange Binance Launches Eighth Phase of its Lending Product

Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7. In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov.10, while interest will be paid immediately after the term matures. An annualized percentage yield of 10% The digital assets included in the program are Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), EOS, Ethereum Classic (ETC), Ether (ETH), Chainlink (LINK),…

Read More
Ethereum 

John McAfee’s Decentralized Crypto Exchange Launches in Beta

American entrepreneur and vocal crypto advocate John McAfee has launched a decentralized exchange (DEX) running on the Ethereum (ETH) blockchain. McAfee DEX is set to run in a beta release status as of Oct. 7, according to the new platform’s official website and McAfee’s personal Twitter feed. “Centralized exchanges are our weak point” On Oct. 5, McAfee’s tweet unveiled the new platform, stating that “it takes time for enough users to join to make it real, but if you play, and be patient,” the exchange can serve as “the door…

Read More
Bitcoin 

Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system. “Crypto transfer device” supports four currencies According to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement states:  “What we were waiting for, our alliance with Glufco, puts us at the forefront.”  The system will provide support for Bitcoin (BTC), Ether (ETH), Dash (DASH) and Petro, the Venezuelan government’s state-backed digital currency.  Neither offering, it appears,…

Read More
Ethereum 

Swiss Exchange SIX Lists Joint Bitcoin and Ether Exchange-Traded Product

Swiss crypto broker Bitcoin Suisse has partnered with fintech firm Amun to launch a new crypto exchange-traded product (ETP) on the country’s stock exchange SIX. “ABBA” Bitcoin and Ether ETP goes live As industry media outlet The Block reported on Oct. 3, the joint Bitcoin (BTC) and Ether (ETH) product, trading under the ticker ABBA, is already live on SIX exchange. The ETP is weighted 90% Bitcoin and 10% Ether. It represents the latest crypto offering to launch on SIX, which already features dedicated Bitcoin, Ether, Bitcoin Cash (BCH) and…

Read More
Blockchain 

Swiss Digital Exchange Plans ‘Initial Digital Offering’ in 2020: Report

Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020. SDX security token The not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020, Coindesk reports on Sept. 30. Thomas Kindler, who took over as SDX CEO on Sept. 1, elaborated that the consortium comprises a group of investors such as banks and market infrastructure providers intending to legitimize the technology and raise capital.…

Read More
Bitcoin 

South Korean Exchange Upbit Ends Orderbook Partnership With Bittrex

South Korean cryptocurrency exchange Upbit has broken its partnership with Bittrex in a reorganization of its Bitcoin (BTC), Ether (ETH) and Tether (USDT) markets, local South Korean news outlet Decenter reported on Sept. 25.  Previously it had a shared order book arrangement, with Bittrex orders being visible in the Upbit bid windows. Upcoming reorganization of markets In a notice to customers, Upbit announced its intention to introduce changes into its BTC, ETH and USDT markets. These changes include the introduction of market orders, limit orders, and stop-limit features, although no…

Read More
Blockchain 

Boerse Stuttgart Launches Regulated Digital Exchange

As of today, the newly launched Boerse Stuttgart Digital Exchange (BSDEX) is available to select users in Germany. Fully regulated under the German Banking Act In a Sept. 23 press release, the Boerse Stuttgart Group — Germany’s second-largest stock exchange — announced that trading has started on its newly launched digital asset exchange platform, Boerse Stuttgart Digital Exchange (BSDEX). The exchange, which is regulated under the German Banking Act, will initially allow users to trade the euro/Bitcoin (BTC) pair. BSDEX is currently available to a select group of German investors…

Read More
Blockchain 

Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns

South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins. Block the possibility of money laundering In a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX by Sept. 30. The exchange added that it will no longer support deposits in these cryptocurrencies and will cancel orders requested before the end of the transaction support in Korean won, Bitcoin (BTC), Ether (ETH) and…

Read More
Blockchain 

Cryptocurrency Exchange Seed CX Cuts Trading Fees to Gain Market Share

Institution-oriented cryptocurrency exchange Seed CX has cut its trading fees to what it claims to be the most competitive levels globally. Competition heats up in crypto trading space On Sept 16, the Chicago-based crypto exchange Seed CX announced that it was lowering its trading fees to some of the lowest levels in the industry. The fee cuts follow a week of purported record trading volumes for the exchange, briefly overtaking other top exchanges like Bittrex and the Winklevoss brothers’ Gemini.  Seed CX co-founder and CEO Edward Woodford said that thanks…

Read More
Bitcoin 

Brazilian Crypto Exchange Snubs Court Deadline to Fix Withdrawals

Brazilian cryptocurrency exchange and alleged pyramid scheme Atlas Quantum rejected court deadlines to resolve its delayed Bitcoin (BTC) withdrawals. Atlas Quantum may constitute a financial pyramid As Cointelegraph Brasil reported previously, on Sept. 17, the Federal Court of Brazil ruled that the current activities of the cryptocurrency exchange Atlas Quantum may constitute a financial pyramid, and therefore decided to immediately freeze the company’s assets and bank accounts and give the company 48 hours to resolve outstanding accounts.  In a Sept. 18 response to the court’s ruling and deadline, Atlas Quantum…

Read More