⛏ New E11 Miners ⛏
🔊 The Chinese manufacturer of mining equipment Ebang Communication revealed details of their new E11 devices lineup.
🆕 At the World Digital Mining Summit in Tbilisi, Georgia, the company introduced three new devices based on the 10nm semiconductor technology: E11 (30TH/s), E11 + (37TH/s) and the most powerful E11 ++ (44TH/s) miners. According to the information on the company's website, new miners sales will be "forthcoming".
🔥 Note that the main Ebang competitor - Bitmain - last week introduced a high-performance chip BM1391 based on 7nm semiconductor technology. It's noteworthy that the E11 ++ device from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J/TH.
🔙 As a reminder, for the first time Ebang announced the new lineup of miners in August.
🔮 Let us note, the Ebang Communication also plans to become a public company by conducting an IPO and adding shares to the Hong Kong Stock Exchange's listing.
🔊 The Chinese manufacturer of mining equipment Ebang Communication revealed details of their new E11 devices lineup.
🆕 At the World Digital Mining Summit in Tbilisi, Georgia, the company introduced three new devices based on the 10nm semiconductor technology: E11 (30TH/s), E11 + (37TH/s) and the most powerful E11 ++ (44TH/s) miners. According to the information on the company's website, new miners sales will be "forthcoming".
🔥 Note that the main Ebang competitor - Bitmain - last week introduced a high-performance chip BM1391 based on 7nm semiconductor technology. It's noteworthy that the E11 ++ device from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J/TH.
🔙 As a reminder, for the first time Ebang announced the new lineup of miners in August.
🔮 Let us note, the Ebang Communication also plans to become a public company by conducting an IPO and adding shares to the Hong Kong Stock Exchange's listing.
☑️ New Asset Listing Process ☑️
🚀 The leading US cryptocurrency exchange, Coinbase, announced a new listing process for digital assets, and also suggested to projects creators a tool for submission of relevant applications.
🙋🏻♂️ As noted in the Californian company's blog, exactly numerous users requests have infused the search for a solution to expand the list of available coins.
🎯 Additionally, the Coinbase representatives emphasized that their goal is to rapidly add most digital assets that meets their standards and are compliant with local law.
⚠️ However, in its announcement, the company warned that due to the specifics of the countrys' legislation, some assets added in the future may be available only to users of certain jurisdictions.
📩 To apply for listing, projects representatives will need to fill in the special form. At the same time, the Coinbase team clarified that some assets can be added even without application, at the company's discretion.
📚 In addition to new assets, Coinbase also plans to expand the list of training materials and tools for cryptocurrency trading.
📌 For your information, Coinbase currently supports five cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.
🔘 In July, it started to explore the possibility of adding Cardano, Basic Attention Token, Stellar Lumens, Zcash and 0x.
🔘 In August, Coinbase Custody, designed for institutional investors and other major market players, announced that it is considering the possibility of adding support for almost 40 new assets.
🚀 The leading US cryptocurrency exchange, Coinbase, announced a new listing process for digital assets, and also suggested to projects creators a tool for submission of relevant applications.
🙋🏻♂️ As noted in the Californian company's blog, exactly numerous users requests have infused the search for a solution to expand the list of available coins.
🎯 Additionally, the Coinbase representatives emphasized that their goal is to rapidly add most digital assets that meets their standards and are compliant with local law.
⚠️ However, in its announcement, the company warned that due to the specifics of the countrys' legislation, some assets added in the future may be available only to users of certain jurisdictions.
📩 To apply for listing, projects representatives will need to fill in the special form. At the same time, the Coinbase team clarified that some assets can be added even without application, at the company's discretion.
📚 In addition to new assets, Coinbase also plans to expand the list of training materials and tools for cryptocurrency trading.
📌 For your information, Coinbase currently supports five cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.
🔘 In July, it started to explore the possibility of adding Cardano, Basic Attention Token, Stellar Lumens, Zcash and 0x.
🔘 In August, Coinbase Custody, designed for institutional investors and other major market players, announced that it is considering the possibility of adding support for almost 40 new assets.
🚀 Zap 0.2.2 Has Been Released 🚀
⚡️ The developers of Zap Bitcoin wallet have submitted an update of the wallet beta version (Zap 0.2.2) with support for payments in the Lightning Network.
✅ According to the Zap representatives, within the new version numerous bugs were fixed, some new features were added, and operation stability was improved.
⚙️ The updated beta version of the wallet is based on a new version of the desktop wallet LND 0.5 from Lightning Labs. LND 0.5 includes reliability improvements, tons of optimizations, Neutrino improvements, and private channel + routing flags used in Zap.
🔥 What's no less important, the new version of Zap supports 19 languages. Moreover, to go alongside its multi-language support the wallet team has also added 25 different fiat currencies configurable in user settings. From now on, Zap also supports multiple themes.
⚡️ The developers of Zap Bitcoin wallet have submitted an update of the wallet beta version (Zap 0.2.2) with support for payments in the Lightning Network.
✅ According to the Zap representatives, within the new version numerous bugs were fixed, some new features were added, and operation stability was improved.
⚙️ The updated beta version of the wallet is based on a new version of the desktop wallet LND 0.5 from Lightning Labs. LND 0.5 includes reliability improvements, tons of optimizations, Neutrino improvements, and private channel + routing flags used in Zap.
🔥 What's no less important, the new version of Zap supports 19 languages. Moreover, to go alongside its multi-language support the wallet team has also added 25 different fiat currencies configurable in user settings. From now on, Zap also supports multiple themes.
📑 Bakkt First Contracts 📑
📣 The cryptocurrency platform Bakkt, the launch of which is expected this November, announced that its first products will be physically delivered Bitcoin futures contracts versus fiat currencies: the US dollar, the British pound and the euro.
🍃 "For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer's account", - said a message on Bakkt's Twitter.
🏦 The plans to launch the Bakkt platform, which will allow users and institutional investors to buy, sell and store digital assets in the global ecosystem, were announced this August. As a reminder, the platform will be launched by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), in partnership with Microsoft, Starbucks and BCG.
⭐️ It was also reported that the Bakkt ecosystem will include federally regulated exchanges, custodian services, applications for merchants and users. Bitcoin, as the most liquid cryptocurrency, will be the first asset in the listing of the new platform and will be traded against fiat currencies.
☝️ What's no less important, not so long ago, the Bakkt CEO, Kelly Loeffler, stressed that the platform will not support margin trading, and all transactions will be fully backed by assets. In addition, in September, plans were announced to launch a guarantee fund to avoid default.
📣 The cryptocurrency platform Bakkt, the launch of which is expected this November, announced that its first products will be physically delivered Bitcoin futures contracts versus fiat currencies: the US dollar, the British pound and the euro.
🍃 "For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer's account", - said a message on Bakkt's Twitter.
🏦 The plans to launch the Bakkt platform, which will allow users and institutional investors to buy, sell and store digital assets in the global ecosystem, were announced this August. As a reminder, the platform will be launched by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), in partnership with Microsoft, Starbucks and BCG.
⭐️ It was also reported that the Bakkt ecosystem will include federally regulated exchanges, custodian services, applications for merchants and users. Bitcoin, as the most liquid cryptocurrency, will be the first asset in the listing of the new platform and will be traded against fiat currencies.
☝️ What's no less important, not so long ago, the Bakkt CEO, Kelly Loeffler, stressed that the platform will not support margin trading, and all transactions will be fully backed by assets. In addition, in September, plans were announced to launch a guarantee fund to avoid default.
⚖️ Poloniex Stable Coin ⚖️
🚀 The crypto startup Circle, which owns the Bitcoin exchange Poloniex, announced the launch of a tokenized USD Coin (USDC). Soon USDC will appear on a number of crypto exchanges, including decentralized platforms.
💎 The USDC was developed with the help of the CENTER consortium affiliated with the company. It is designed to become a way of easy transfer of tokenized dollars in public blockchains.
⚙️ Individuals and organizations can use this new service for deposits in US dollars from bank accounts and exchange them for USDC. These tokens can also be withdrawn back to bank accounts.
🏦 Initially USDC will be available on Poloniex. Then, it will be added by DigiFinex, CoinEx, KuCoin, OKCoin, Coinplug, XDAEX and other trading platforms.
💬 "At the protocol level, it is worth mentioning two examples of how USDC can be leveraged. Trading protocols are extremely relevant, as exchanging currency, goods or assets in a trustless way is a capability many products will soon want to possess natively. One of the leading projects in the space is the Kyber Network. It is exciting to see USDC listed on such a protocol and the trading experiences that developers will implement around it soon. Similarly, USDC will soon be available for trading on innovative decentralized trading platforms such as IDEX, Paradex, Radar Relay and Tokenlon", - said on the Circle blog.
🤝 In addition to above mentioned partners, the following projects are mentioned: Origin Protocol, BlockFi, MoneyToken, BitPay, FOTA, Melonport, Centrifuge, etc.
👏 CENTER emphasizes that it will make every effort to ensure the security of the USDC use. Additionally, it stated that such wallet providers as BitGo, Cobo, Coinbase Wallet, CoolWallet S, Elph, imToken, Ledger, Status and Trust will provide native support for USDC.
🚀 The crypto startup Circle, which owns the Bitcoin exchange Poloniex, announced the launch of a tokenized USD Coin (USDC). Soon USDC will appear on a number of crypto exchanges, including decentralized platforms.
💎 The USDC was developed with the help of the CENTER consortium affiliated with the company. It is designed to become a way of easy transfer of tokenized dollars in public blockchains.
⚙️ Individuals and organizations can use this new service for deposits in US dollars from bank accounts and exchange them for USDC. These tokens can also be withdrawn back to bank accounts.
🏦 Initially USDC will be available on Poloniex. Then, it will be added by DigiFinex, CoinEx, KuCoin, OKCoin, Coinplug, XDAEX and other trading platforms.
💬 "At the protocol level, it is worth mentioning two examples of how USDC can be leveraged. Trading protocols are extremely relevant, as exchanging currency, goods or assets in a trustless way is a capability many products will soon want to possess natively. One of the leading projects in the space is the Kyber Network. It is exciting to see USDC listed on such a protocol and the trading experiences that developers will implement around it soon. Similarly, USDC will soon be available for trading on innovative decentralized trading platforms such as IDEX, Paradex, Radar Relay and Tokenlon", - said on the Circle blog.
🤝 In addition to above mentioned partners, the following projects are mentioned: Origin Protocol, BlockFi, MoneyToken, BitPay, FOTA, Melonport, Centrifuge, etc.
👏 CENTER emphasizes that it will make every effort to ensure the security of the USDC use. Additionally, it stated that such wallet providers as BitGo, Cobo, Coinbase Wallet, CoolWallet S, Elph, imToken, Ledger, Status and Trust will provide native support for USDC.
💫 A New Chapter 💫
🔧 The blockchain project ICONOMI announced transformation of its corporate governance model and release of security tokens.
⏳ The company's blog notes that ICONOMI is committed to becoming a fully regulated professional provider of virtual financial assets. Currently, the company awaits an appropriate license from European regulators.
🔮 To achieve its goal, the company needs to change the ownership structure. Additionally, in order to unify the corporate structure, the project intends to unite the service provider and the platform.
🔄 Starting November 1, ICONOMI (ICN) token holders will be able to convert their coins to tokenized shares under the ticker eICN, or exchange them for Ethereum (ETH), which will be used on the platform to pay fees to fund managers.
🚩 The first phase of the transitional period will end on December 31. The ICONOMI tokenization process will start in the Q1, 2019. The new joint-stock company (ICONOMI AG) will be registered in Liechtenstein. The cost of one share will be 1 Swiss franc.
⚠️ Only verified users of the platform will be able to become shareholders of the new company. The exchange of ICN for ICONOMI AG security tokens will last until December 31. On the same day, ICN utility tokens will cease to exist.
‼️ What's important, eICN token holders will get rights of corporate governance and, accordingly, will be able to choose members of the board of directors, vote for changes to the charter of the company, and so on.
🔧 The blockchain project ICONOMI announced transformation of its corporate governance model and release of security tokens.
⏳ The company's blog notes that ICONOMI is committed to becoming a fully regulated professional provider of virtual financial assets. Currently, the company awaits an appropriate license from European regulators.
🔮 To achieve its goal, the company needs to change the ownership structure. Additionally, in order to unify the corporate structure, the project intends to unite the service provider and the platform.
🔄 Starting November 1, ICONOMI (ICN) token holders will be able to convert their coins to tokenized shares under the ticker eICN, or exchange them for Ethereum (ETH), which will be used on the platform to pay fees to fund managers.
🚩 The first phase of the transitional period will end on December 31. The ICONOMI tokenization process will start in the Q1, 2019. The new joint-stock company (ICONOMI AG) will be registered in Liechtenstein. The cost of one share will be 1 Swiss franc.
⚠️ Only verified users of the platform will be able to become shareholders of the new company. The exchange of ICN for ICONOMI AG security tokens will last until December 31. On the same day, ICN utility tokens will cease to exist.
‼️ What's important, eICN token holders will get rights of corporate governance and, accordingly, will be able to choose members of the board of directors, vote for changes to the charter of the company, and so on.
♻️ Never-Ending Updates ♻️
✔️ The American crypto exchange Kraken will add support for Cardano (ADA) and Qtum (QTUM) digital currencies.
🔛 Trading in both assets, as well as funding, started today. The following trading pairs are available: ADA/USD, ADA/EUR, ADA/CAD, ADA/XBT, ADA/ETH and QTUM/USD, QTUM/EUR, QTUM/CAD, QTUM/XBT, QTUM/ETH.
🔮 Margin trading isn't offered, but it may appear in the future. Also, the Kraken administration has promised regularly add support for new crypto assets.
👛 And another news - the developers of the cryptocurrency Infinito Wallet have announced support for ADA to the mobile client. It's implemented together with the wallet update to 1.15.0 version. According to the developers, now users can safely send, receive and check the transaction history of Cardano.
⚙️ Integration of ADA into Infinito Wallet is realized on the basis of Cardano Rust technical solutions, with the support of specialists from the Hong Kong blockchain company IOHK and cryptocurrency developers.
💎 Such an addition allowed to create a mobile alternative to the Daedalus desktop client. The development team describes Cardano coin as a third-generation digital currency based on the Cardano blockchain, that represents the "future of money".
✔️ The updated wallet is available for Android and iOS.
🔮 The representatives of Infinito Wallet also announced the release of the wallet's 2.0 version and the launch of rewards programs scheduled for the Q4, 2018.
✔️ The American crypto exchange Kraken will add support for Cardano (ADA) and Qtum (QTUM) digital currencies.
🔛 Trading in both assets, as well as funding, started today. The following trading pairs are available: ADA/USD, ADA/EUR, ADA/CAD, ADA/XBT, ADA/ETH and QTUM/USD, QTUM/EUR, QTUM/CAD, QTUM/XBT, QTUM/ETH.
🔮 Margin trading isn't offered, but it may appear in the future. Also, the Kraken administration has promised regularly add support for new crypto assets.
👛 And another news - the developers of the cryptocurrency Infinito Wallet have announced support for ADA to the mobile client. It's implemented together with the wallet update to 1.15.0 version. According to the developers, now users can safely send, receive and check the transaction history of Cardano.
⚙️ Integration of ADA into Infinito Wallet is realized on the basis of Cardano Rust technical solutions, with the support of specialists from the Hong Kong blockchain company IOHK and cryptocurrency developers.
💎 Such an addition allowed to create a mobile alternative to the Daedalus desktop client. The development team describes Cardano coin as a third-generation digital currency based on the Cardano blockchain, that represents the "future of money".
✔️ The updated wallet is available for Android and iOS.
🔮 The representatives of Infinito Wallet also announced the release of the wallet's 2.0 version and the launch of rewards programs scheduled for the Q4, 2018.
💷 GBP Full Support 💷
✅ Coinbase has implemented full support for the pound sterling (GBP) within all services, including Coinbase Pro and Coinbase Prime.
🇬🇧 From now on, all UK customers of the platform have the ability to deposit and withdraw GBP on Coinbase, Coinbase Pro and Coinbase Prime. According to the exchange's representatives, transactions with GBP will take less than 30 minutes. Moreover, the addition of GBP full support will allow to significantly reduce transaction costs, eliminating the need to convert the pound sterling into euros and back.
👀 "If you're a customer in the UK and do not see your GBP wallet, check your account settings and make sure your country is set to UK", - note the Coinbase representatives.
🚀 As a reminder, a couple of days ago Coinbase also launched services for totally new crypto investors:
🔅 Coinbase Bundle, which allows to invest in several crypto assets at a time;
🔅 Coinbase Asset Pages, which provides information on 50 leading cryptocurrencies;
🔅 Coinbase Learn - an educational service.
✅ Coinbase has implemented full support for the pound sterling (GBP) within all services, including Coinbase Pro and Coinbase Prime.
🇬🇧 From now on, all UK customers of the platform have the ability to deposit and withdraw GBP on Coinbase, Coinbase Pro and Coinbase Prime. According to the exchange's representatives, transactions with GBP will take less than 30 minutes. Moreover, the addition of GBP full support will allow to significantly reduce transaction costs, eliminating the need to convert the pound sterling into euros and back.
👀 "If you're a customer in the UK and do not see your GBP wallet, check your account settings and make sure your country is set to UK", - note the Coinbase representatives.
🚀 As a reminder, a couple of days ago Coinbase also launched services for totally new crypto investors:
🔅 Coinbase Bundle, which allows to invest in several crypto assets at a time;
🔅 Coinbase Asset Pages, which provides information on 50 leading cryptocurrencies;
🔅 Coinbase Learn - an educational service.
🌟 The New CoinCap Has Arrived! 🌟
🔊 ShapeShift, a digital asset exchange platform, introduced the updated analytic service CoinCap.io. This was reported by the company in its blog and by Erik Voorhees, ShapeShift CEO and founder.
🗂 Erik Voorhees noted that CoinCap provides users with reliable real-time market data, over 1,200 crypto assets and 65 exchanges, various metrics and charts from TradingView. Moreover, the service offers the "dark mode". It is also does not contain advertising.
📲 The blog also reports that CoinCap versions for iOS and Android will appear at the end of this year.
😡 Let us remind that a little while ago the crypto community harshly criticized the new ShapeShift rules, which imply the implementation of AML/KYC procedures and the collection of users' personal data.
🔊 ShapeShift, a digital asset exchange platform, introduced the updated analytic service CoinCap.io. This was reported by the company in its blog and by Erik Voorhees, ShapeShift CEO and founder.
🗂 Erik Voorhees noted that CoinCap provides users with reliable real-time market data, over 1,200 crypto assets and 65 exchanges, various metrics and charts from TradingView. Moreover, the service offers the "dark mode". It is also does not contain advertising.
📲 The blog also reports that CoinCap versions for iOS and Android will appear at the end of this year.
😡 Let us remind that a little while ago the crypto community harshly criticized the new ShapeShift rules, which imply the implementation of AML/KYC procedures and the collection of users' personal data.
🗝 Crypto Payments Is The Key 🗝
🙋🏾♂️ The Indonesian crypto payment company Pundix has introduced a terminal for Nigeria stores that allows people from West Africa to make purchases using cryptocurrency. This step is seen as the key to expanding the implementation and development of cryptocurrency on the largest Bitcoin market in Africa.
🛍 A Nigerian importer and distributor of agricultural products has installed a payment system that works with cryptocurrencies, and its owner claims that this system is "the first solution for Africa".
👏 In addition to fiat currency, Joetech Systems Ltd customers can now pay for goods and services at the XPOS terminal using Bitcoin and other three virtual currencies, including Ethereum (ETH). Crypto payments are made within a few seconds, as with a usual bank card.
🌐 As was mentioned above, the terminal was developed in partnership with the Indonesian Pundix, which is now in the process of delivering 5,000 XPOS devices to other countries, including Colombia, the UK, Korea, Hong Kong, Switzerland and Brazil.
🔥 The payment system works as a traditional POS system, and terminals are connected to the blockchain, for payments in virtual currency. Pundix, the manufacturer of XPOS, says that the device supports payments through mobile wallets and bank cards.
🙋🏾♂️ The Indonesian crypto payment company Pundix has introduced a terminal for Nigeria stores that allows people from West Africa to make purchases using cryptocurrency. This step is seen as the key to expanding the implementation and development of cryptocurrency on the largest Bitcoin market in Africa.
🛍 A Nigerian importer and distributor of agricultural products has installed a payment system that works with cryptocurrencies, and its owner claims that this system is "the first solution for Africa".
👏 In addition to fiat currency, Joetech Systems Ltd customers can now pay for goods and services at the XPOS terminal using Bitcoin and other three virtual currencies, including Ethereum (ETH). Crypto payments are made within a few seconds, as with a usual bank card.
🌐 As was mentioned above, the terminal was developed in partnership with the Indonesian Pundix, which is now in the process of delivering 5,000 XPOS devices to other countries, including Colombia, the UK, Korea, Hong Kong, Switzerland and Brazil.
🔥 The payment system works as a traditional POS system, and terminals are connected to the blockchain, for payments in virtual currency. Pundix, the manufacturer of XPOS, says that the device supports payments through mobile wallets and bank cards.
💷 The Stable British Pound 💷
🥇 The London Block Exchange (LBX), the UK based startup, announced plans to launch the worlds first stable coin backed by the British pound (LBXPeg), as the sector goes crazy for stable coins. LBX provides services for over-the-counter crypto trading, and is also in the process of creating its own trading platform.
📢 On Friday, September 28, the company announced that it received permission from an unnamed bank partner to launch a new LBXPeg cryptocurrency, which will be backed by the British pound reserves at a 1:1 rate.
🔍 According to the LBX CEO, Benjamin Dives, the reserves will be stored in the bank account. Regular audits will be held by leading consulting firms.
💬 "We would be ready for the first cryptopound to be minted in the next 10 days. The primary use case will be settlement for OTC trades in the London market, then commonwealth exchanges where they don't have fiat banking, and then securities tokens who want to pay dividends in a cryptopound", - Dives said.
🔮 The LBX blog notes that initially for the LBXPeg release and distribution, the Ethereum blockchain will be used. In the future, LBXPeg will also be issued on other blockchains where compliance controls can be maintained.
😏 What's important, LBX doesn't exclude that it can issue additional stablecoins, but backed by the euro or the US dollar.
🥇 The London Block Exchange (LBX), the UK based startup, announced plans to launch the worlds first stable coin backed by the British pound (LBXPeg), as the sector goes crazy for stable coins. LBX provides services for over-the-counter crypto trading, and is also in the process of creating its own trading platform.
📢 On Friday, September 28, the company announced that it received permission from an unnamed bank partner to launch a new LBXPeg cryptocurrency, which will be backed by the British pound reserves at a 1:1 rate.
🔍 According to the LBX CEO, Benjamin Dives, the reserves will be stored in the bank account. Regular audits will be held by leading consulting firms.
💬 "We would be ready for the first cryptopound to be minted in the next 10 days. The primary use case will be settlement for OTC trades in the London market, then commonwealth exchanges where they don't have fiat banking, and then securities tokens who want to pay dividends in a cryptopound", - Dives said.
🔮 The LBX blog notes that initially for the LBXPeg release and distribution, the Ethereum blockchain will be used. In the future, LBXPeg will also be issued on other blockchains where compliance controls can be maintained.
😏 What's important, LBX doesn't exclude that it can issue additional stablecoins, but backed by the euro or the US dollar.
🔗 JVCEA Tighten Rules 🔗
🔰 The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) stated that it will strengthen investor protection because of the activity of hackers, by adopting new measures for self-regulation of the industry.
✂️ Japan Times, quoting informed sources, reported that JVCEA agreed to revise certain rules introduced earlier to protect investors from cyber attacks, hacking and misappropriation of funds. JVCEA is determined to set a limit on the amount of digital currencies that can be managed online by any exchange.
🕵🏻 The main reason for such a decision is local crypto exchange Zaif hack in early September, when hackers stole about $60 million in digital currency. So, JVCEA will revise its own rules for crypto exchanges and then bring them into force after the Japan Financial Services Agency (FSA) approval.
🌟 For your information, JVCEA was established after the infamous Coincheck hack in January, which resulted in more than $600 million loss in XEM tokens. The organization, which now claims that it represents 16 government-approved exchanges, were designed to restore public confidence in the Japanese cryptocurrency industry.
🔖 In August, JVCEA has applied for FSA certification, stating that it will help the government to make the virtual currency industry self-regulated. The review process lasts two month: the FSA is closely looking at the activities of the exchanges included in the JVCEA and the policies proposed by the association.
🔰 The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) stated that it will strengthen investor protection because of the activity of hackers, by adopting new measures for self-regulation of the industry.
✂️ Japan Times, quoting informed sources, reported that JVCEA agreed to revise certain rules introduced earlier to protect investors from cyber attacks, hacking and misappropriation of funds. JVCEA is determined to set a limit on the amount of digital currencies that can be managed online by any exchange.
🕵🏻 The main reason for such a decision is local crypto exchange Zaif hack in early September, when hackers stole about $60 million in digital currency. So, JVCEA will revise its own rules for crypto exchanges and then bring them into force after the Japan Financial Services Agency (FSA) approval.
🌟 For your information, JVCEA was established after the infamous Coincheck hack in January, which resulted in more than $600 million loss in XEM tokens. The organization, which now claims that it represents 16 government-approved exchanges, were designed to restore public confidence in the Japanese cryptocurrency industry.
🔖 In August, JVCEA has applied for FSA certification, stating that it will help the government to make the virtual currency industry self-regulated. The review process lasts two month: the FSA is closely looking at the activities of the exchanges included in the JVCEA and the policies proposed by the association.
👛 Another Wallet For Cardano 👛
🚀 The development team of the Yoroi wallet for Cardano (ADA) cryptocurrency presented the software version for the Cardano main network.
⚡️ "Yoroi allows users to manage ADA in their browser. It is a lightweight wallet that launches quickly, allowing users to start sending or receiving ADA in minutes", - says in the description of the extension in the Chrome online store.
✳️ Moreover, the developers note that users can easily import data from the desktop Daedalus Cardano client.
🔮 By the end of the year, the Yoroi team plans to add support for other browsers, integrate software with hardware wallets, add the ability to export transactions to Excel, and release mobile apps for iOS and Android.
🥇 As a reminder, the Infinito Wallet became the first mobile wallet with Cardano support.
🚀 The development team of the Yoroi wallet for Cardano (ADA) cryptocurrency presented the software version for the Cardano main network.
⚡️ "Yoroi allows users to manage ADA in their browser. It is a lightweight wallet that launches quickly, allowing users to start sending or receiving ADA in minutes", - says in the description of the extension in the Chrome online store.
✳️ Moreover, the developers note that users can easily import data from the desktop Daedalus Cardano client.
🔮 By the end of the year, the Yoroi team plans to add support for other browsers, integrate software with hardware wallets, add the ability to export transactions to Excel, and release mobile apps for iOS and Android.
🥇 As a reminder, the Infinito Wallet became the first mobile wallet with Cardano support.
🔜 Binance DEX Is Somewhere Near 🔜
🗣 The head of the largest crypto exchange, Binance, Changpeng Zhao, stated on his Twitter that his company plans to introduce a public beta version of its decentralized trading platform pretty soon:
"Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be native gas, and the exchange don't control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop!".
💎 Earlier, Zhao has repeatedly described decentralized exchanges as "the future of the cryptocurrency industry". In the long term, he believes, users will use non-custodial wallets for cryptocurrency trading. The exchange process will be peer-to-peer. Such a model will give users complete control over the funds.
☝️ It is no secret that the lion’s share of the profits of centralized exchanges is generated thanks to various fees. At the same time, decentralized exchanges may also charge fees embedded in the smart contracts used by platforms to transfer transactions to the main networks of public blockchains.
🌟 Zhao stressed that the main advantages of decentralized exchanges are the freedom and users' control over their funds. On such platforms, users don't need to create accounts or apply for withdrawal of funds. Any trading activity is realized through the blockchain and non-custodial wallet.
🔙 As a reminder, Changpeng Zhao presented the first demo version of the Binance decentralized exchange in July.
🗣 The head of the largest crypto exchange, Binance, Changpeng Zhao, stated on his Twitter that his company plans to introduce a public beta version of its decentralized trading platform pretty soon:
"Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be native gas, and the exchange don't control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop!".
💎 Earlier, Zhao has repeatedly described decentralized exchanges as "the future of the cryptocurrency industry". In the long term, he believes, users will use non-custodial wallets for cryptocurrency trading. The exchange process will be peer-to-peer. Such a model will give users complete control over the funds.
☝️ It is no secret that the lion’s share of the profits of centralized exchanges is generated thanks to various fees. At the same time, decentralized exchanges may also charge fees embedded in the smart contracts used by platforms to transfer transactions to the main networks of public blockchains.
🌟 Zhao stressed that the main advantages of decentralized exchanges are the freedom and users' control over their funds. On such platforms, users don't need to create accounts or apply for withdrawal of funds. Any trading activity is realized through the blockchain and non-custodial wallet.
🔙 As a reminder, Changpeng Zhao presented the first demo version of the Binance decentralized exchange in July.
🍴 Siacoin Hard Fork 🍴
⏰ The Siacoin development team abandoned its initial decision to allow Bitmain and Innosilicon ASIC devices to dominate in the network. So, the core team is going to reset the Proof-of-Work algorithm to brick Bitmain and Innosilicon ASIC hardware via hard fork. The transition to 1.3.6 version of Siacoin software will take place on October 31, after which the main part of the network hashrate will be produced by its own miners.
😡 Controversies regarding the methods of ensuring the Proof-of-Work algorithm used in the network have plagued the Siacoin community for a long time. Primarily, they are relate to the launch of the Sia own mining equipment - Obelisk - developed by the Nebulous company.
🔩 The manufacture of equipment into was scheduled for the end of 2017. However, it was postponed. Moreover, then its delivery was delayed. At the same time, the mining giant Bitmain introduced its own equipment for Siacoin mining. Consequently, the future prospects of the Obelisk project have been called into question.
⚔️ After a while, there was an idea to limit mining on the Bitmain equipment and allow it only on the Obelisk equipment. The idea also caused divisions within the Siacoin community, part of which asked not to forget about the openness and decentralization of the network.
🗣 "After much discussion with the community and an in-depth look into the economics of ASIC manufacturing, the Sia core team has decided to reset the Sia Proof-of-Work function to brick the Bitmain and Innosilicon hardware", - eventually wrote David Vorick, Sia lead developer.
☝️ He also claims that the initial decision to abandon hard fork led to unpleasent consequences: many users left the community. Nevertheless, the latest news from the developers have already had a positive impact on the SC price.
⏰ The Siacoin development team abandoned its initial decision to allow Bitmain and Innosilicon ASIC devices to dominate in the network. So, the core team is going to reset the Proof-of-Work algorithm to brick Bitmain and Innosilicon ASIC hardware via hard fork. The transition to 1.3.6 version of Siacoin software will take place on October 31, after which the main part of the network hashrate will be produced by its own miners.
😡 Controversies regarding the methods of ensuring the Proof-of-Work algorithm used in the network have plagued the Siacoin community for a long time. Primarily, they are relate to the launch of the Sia own mining equipment - Obelisk - developed by the Nebulous company.
🔩 The manufacture of equipment into was scheduled for the end of 2017. However, it was postponed. Moreover, then its delivery was delayed. At the same time, the mining giant Bitmain introduced its own equipment for Siacoin mining. Consequently, the future prospects of the Obelisk project have been called into question.
⚔️ After a while, there was an idea to limit mining on the Bitmain equipment and allow it only on the Obelisk equipment. The idea also caused divisions within the Siacoin community, part of which asked not to forget about the openness and decentralization of the network.
🗣 "After much discussion with the community and an in-depth look into the economics of ASIC manufacturing, the Sia core team has decided to reset the Sia Proof-of-Work function to brick the Bitmain and Innosilicon hardware", - eventually wrote David Vorick, Sia lead developer.
☝️ He also claims that the initial decision to abandon hard fork led to unpleasent consequences: many users left the community. Nevertheless, the latest news from the developers have already had a positive impact on the SC price.
💡 We've Changed Our Minds 💡
🙋🏻♂️ Bitcoin exchange CEX.io announced its intention to renew support for Litecoin, the seventh cryptocurrency in terms of market capitalization, according to CoinMarketCap.
❌ In February 2017, the exchange delisted LTC, explaining that the decision was made due to "low activity" of users. However, now CEX.io states willingness to provide new opportunities and upgrade the platform.
📣 "As demand for LTC coin trading has increased significantly since that time, we’re ready to list Litecoin and plan to create a vibrant market for the LTC/BTC and LTC/USD pairs", - said CEX.io.
🌟 It's also noted that now the exchange possess a new, improved infrastructure with multisig wallets and an optimized trading process. The exact date of LTC addition is not mentioned, however, there is information that at the initial stage, trading in LTC/BTC pair will be performed with zero fees.
✳️ As a reminder, last month, the New York-based crypto exchange Gemini also announced plans to add Litecoin.
🙋🏻♂️ Bitcoin exchange CEX.io announced its intention to renew support for Litecoin, the seventh cryptocurrency in terms of market capitalization, according to CoinMarketCap.
❌ In February 2017, the exchange delisted LTC, explaining that the decision was made due to "low activity" of users. However, now CEX.io states willingness to provide new opportunities and upgrade the platform.
📣 "As demand for LTC coin trading has increased significantly since that time, we’re ready to list Litecoin and plan to create a vibrant market for the LTC/BTC and LTC/USD pairs", - said CEX.io.
🌟 It's also noted that now the exchange possess a new, improved infrastructure with multisig wallets and an optimized trading process. The exact date of LTC addition is not mentioned, however, there is information that at the initial stage, trading in LTC/BTC pair will be performed with zero fees.
✳️ As a reminder, last month, the New York-based crypto exchange Gemini also announced plans to add Litecoin.
📦 Cardano's New Toolbox 📦
🆕 The Hong Kong blockchain company IOHK behind the Cardano cryptocurrency (ADA) has expanded the list of its technological solutions by offering the open source project Cardano Rust to third-party developers.
🚀 Cardano Rust is a set of tools for developers which allows them to create various blockchain products. In particular, it includes a library of functions that can be used to create and integrate decentralized applications for Cardano, including products for mobile devices.
🌐 Although the project's code is written in the Rust language, an easy and fast programming language, which is compatible with web, iOS, and Android platforms, Cardano Rust developers still plan to add support for other languages, including C and Javascript with the aim to expand the global community of Cardano developers.
💭 "It’s been incredible to watch Cardano take shape over the past year. The Rust project now connects Cardano to a wealth of developers and opens the door for further growth of the Cardano community. We’re excited to see what applications developers create for the Cardano ecosystem as it becomes the leading technology in the industry", - said IOHK CEO Charles Hoskinson.
🎊 The Cardano Rust release is timed to the Cardano first anniversary of the launch of the Cardano blockchain and the ADA cryptocurrency, which, according to the project representatives, is traded on 31 exchanges today.
👛 The first product released within the Cardano Rust project is a new ADA cryptocurrency wallet called CLI. The CLI runs on a user’s device as a separate application using a command-line interface. It also includes a set of tools for developers, which allows you to use the CLI as a basis for creating decentralized applications.
✔️ As a reminder, recently the Yoroi wallet for the Cardano network was released. Additionally, ADA was added to the Infinito Wallet mobile wallet client earlier.
🆕 The Hong Kong blockchain company IOHK behind the Cardano cryptocurrency (ADA) has expanded the list of its technological solutions by offering the open source project Cardano Rust to third-party developers.
🚀 Cardano Rust is a set of tools for developers which allows them to create various blockchain products. In particular, it includes a library of functions that can be used to create and integrate decentralized applications for Cardano, including products for mobile devices.
🌐 Although the project's code is written in the Rust language, an easy and fast programming language, which is compatible with web, iOS, and Android platforms, Cardano Rust developers still plan to add support for other languages, including C and Javascript with the aim to expand the global community of Cardano developers.
💭 "It’s been incredible to watch Cardano take shape over the past year. The Rust project now connects Cardano to a wealth of developers and opens the door for further growth of the Cardano community. We’re excited to see what applications developers create for the Cardano ecosystem as it becomes the leading technology in the industry", - said IOHK CEO Charles Hoskinson.
🎊 The Cardano Rust release is timed to the Cardano first anniversary of the launch of the Cardano blockchain and the ADA cryptocurrency, which, according to the project representatives, is traded on 31 exchanges today.
👛 The first product released within the Cardano Rust project is a new ADA cryptocurrency wallet called CLI. The CLI runs on a user’s device as a separate application using a command-line interface. It also includes a set of tools for developers, which allows you to use the CLI as a basis for creating decentralized applications.
✔️ As a reminder, recently the Yoroi wallet for the Cardano network was released. Additionally, ADA was added to the Infinito Wallet mobile wallet client earlier.
Forwarded from GCN Blockchian
🔥 McAfee Alliance Is On Board 🔥
🔊 John McAfee, a developer of a popular antivirus and one of the most popular crypto enthusiast, told on his Twitter of an alliance he established to fight corruption in the crypto community. He also calls for support for coins decided to delist from corrupt centralized exchanges and promises guaranteed listing on CoinBene and other exchanges, the names of which will be made public soon, for such coins.
👁🗨 McAfee also promises everyday to report on those projects decided to move to CoinBene, so that the crypto community will be able to help the alliance and each of these companies:
1️⃣ "We start with Apollo, one of the best anonymous coins, although there are others. Apollo sacrifices much by refusing listing on crypto exchanges, which they consider as corrupt".
🔝 The first partner of McAfee Alliance in the fight against corruption, CoinBene crypto exchange, competes with the largest centralized exchanges. In June, it several times held the number one position in terms of trading volume, according to CoinMarketCap, thanks to an innovative business model that was first used within the FCoin exchange.
😏 Earlier, McAfee announced the decision to stand for the next presidential election in the United States and the creation of an "ultra secure" crypto wallet with Bitfi.
⚠️ For your information, according to some studies, centralized crypto exchanges charge astronomical sums for listing, create fake volumes, and also enjoy other privileges of their authority.
🔊 John McAfee, a developer of a popular antivirus and one of the most popular crypto enthusiast, told on his Twitter of an alliance he established to fight corruption in the crypto community. He also calls for support for coins decided to delist from corrupt centralized exchanges and promises guaranteed listing on CoinBene and other exchanges, the names of which will be made public soon, for such coins.
👁🗨 McAfee also promises everyday to report on those projects decided to move to CoinBene, so that the crypto community will be able to help the alliance and each of these companies:
1️⃣ "We start with Apollo, one of the best anonymous coins, although there are others. Apollo sacrifices much by refusing listing on crypto exchanges, which they consider as corrupt".
🔝 The first partner of McAfee Alliance in the fight against corruption, CoinBene crypto exchange, competes with the largest centralized exchanges. In June, it several times held the number one position in terms of trading volume, according to CoinMarketCap, thanks to an innovative business model that was first used within the FCoin exchange.
😏 Earlier, McAfee announced the decision to stand for the next presidential election in the United States and the creation of an "ultra secure" crypto wallet with Bitfi.
⚠️ For your information, according to some studies, centralized crypto exchanges charge astronomical sums for listing, create fake volumes, and also enjoy other privileges of their authority.
Forwarded from GCN Blockchian
CDRX
CDRX is creating securitised crypto-tokens (aka Crypto Depository Receipts – CDRs) from existing stocks and bonds that you can trade directly: Apple, Amazon, Netflix, Wal-Mart, British Telecom, Adidas, BMW etc.
Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transfer times.
Each CDR is held by an independent depository bank/trust (outside the control or ownership of CDRX) on behalf of you, the token owner.
To complement the introduction of CDRs, CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. bitcoin, ethereum, ripple and alt-coins) and securitised tokens (eg. CDRs) safely and easily.
In most jurisdictions, trading of securitised tokens must be conducted via authorised and regulated entities and CDRX is pursuing authorisation in a number of key jurisdictions. It is also working with regulators more broadly to help champion the combination of real-assets and crypto.
CDRX's approach is not just another "idea", the team are experienced investment bankers, with an average of 15 years experience each and crypto developers. Between them they have built 30-40 trading platforms/exchanges, in the largest and most competitive markets in the world. It's a global team of experts, spanning software engineering, ecommerce, electronic cash and derivatives trading, machine learning, structuring, sales, securities law and regulation.
▪️ Investors
Trade securities like crypto-currencies. Significantly faster transfer, significantly lower cost, and (via fractional ownership) the ability to buy stocks or bonds that would previously have been out of reach
▪️ Issuers
Pay dividends, conduct voting and execute corporate actions directly through the CDRs. Significantly lower costs, elimination of intermediary errors and drastically increased efficiencies
Private sales are now underway and dates for the public ICO will be announced very shortly
▪️ Website: https://cdrx.io/
▪️ Telegram: https://t.me/cdrxchange
▪️ YouTube: https://www.youtube.com/channel/UCbnWLu5v8DbAiBlmfgerJQA
CDRX is creating securitised crypto-tokens (aka Crypto Depository Receipts – CDRs) from existing stocks and bonds that you can trade directly: Apple, Amazon, Netflix, Wal-Mart, British Telecom, Adidas, BMW etc.
Buy an Apple CDR, you have the legal right to an Apple stock, including dividends, voting and all other shareholder rights. Buy 1/50 of an Apple CDR, and receive 1/50 of the rights. Tokenisation allows fractional ownership, lowers costs and shortens transfer times.
Each CDR is held by an independent depository bank/trust (outside the control or ownership of CDRX) on behalf of you, the token owner.
To complement the introduction of CDRs, CDRX is also building an institutional grade platform that operates 24/7 to allow you to trade both non-securitised tokens (eg. bitcoin, ethereum, ripple and alt-coins) and securitised tokens (eg. CDRs) safely and easily.
In most jurisdictions, trading of securitised tokens must be conducted via authorised and regulated entities and CDRX is pursuing authorisation in a number of key jurisdictions. It is also working with regulators more broadly to help champion the combination of real-assets and crypto.
CDRX's approach is not just another "idea", the team are experienced investment bankers, with an average of 15 years experience each and crypto developers. Between them they have built 30-40 trading platforms/exchanges, in the largest and most competitive markets in the world. It's a global team of experts, spanning software engineering, ecommerce, electronic cash and derivatives trading, machine learning, structuring, sales, securities law and regulation.
▪️ Investors
Trade securities like crypto-currencies. Significantly faster transfer, significantly lower cost, and (via fractional ownership) the ability to buy stocks or bonds that would previously have been out of reach
▪️ Issuers
Pay dividends, conduct voting and execute corporate actions directly through the CDRs. Significantly lower costs, elimination of intermediary errors and drastically increased efficiencies
Private sales are now underway and dates for the public ICO will be announced very shortly
▪️ Website: https://cdrx.io/
▪️ Telegram: https://t.me/cdrxchange
▪️ YouTube: https://www.youtube.com/channel/UCbnWLu5v8DbAiBlmfgerJQA
❇️ Brazil Gives A Green Light ❇️
🇧🇷 The Securities and Exchange Commission of Brazil (CVM) allowed local investment companies to invest in the cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds.
👏 According to CVM document, funds can invest in "other assets" traded in foreign jurisdictions, as long as these are regulated where they’re traded. So, investment companies now can buy shares in foreign funds, consisting mainly of cryptocurrencies.
⚠️ At the same time, the regulator emphasizes that there is a lot of fraud in the cryptocurrency space. In addition, it says that assets' underlying technology should be "transparent, accessible, and verifiable by any user", while tokens should have sufficient liquidity. Among other things, CVM warns that it's sometimes difficult to determine the value of digital assets.
🌬 What's important, earlier in the year, the Brazilian regulator prohibited local funds to invest in cryptocurrency directly or through foreign companies. Apparently, after a while, the situation with regulation in Brazil has changed somewhat. Thus, in February, the largest Brazilian bank, Itaú Unibanco, became a member of the RippleNet network, and, in September, Grupo XP, the largest independent brokerage in Brazil, announced the launch of the XDEX exchange with Bitcoin and Ethereum support.
🇧🇷 The Securities and Exchange Commission of Brazil (CVM) allowed local investment companies to invest in the cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds.
👏 According to CVM document, funds can invest in "other assets" traded in foreign jurisdictions, as long as these are regulated where they’re traded. So, investment companies now can buy shares in foreign funds, consisting mainly of cryptocurrencies.
⚠️ At the same time, the regulator emphasizes that there is a lot of fraud in the cryptocurrency space. In addition, it says that assets' underlying technology should be "transparent, accessible, and verifiable by any user", while tokens should have sufficient liquidity. Among other things, CVM warns that it's sometimes difficult to determine the value of digital assets.
🌬 What's important, earlier in the year, the Brazilian regulator prohibited local funds to invest in cryptocurrency directly or through foreign companies. Apparently, after a while, the situation with regulation in Brazil has changed somewhat. Thus, in February, the largest Brazilian bank, Itaú Unibanco, became a member of the RippleNet network, and, in September, Grupo XP, the largest independent brokerage in Brazil, announced the launch of the XDEX exchange with Bitcoin and Ethereum support.
