Author: Anna Galvez

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Crypto News

BTCC To Relaunch Its Cryptocurrency Trading Platform And To Release The BTCC Token

BTCC announced the relaunch of its cryptocurrency trading platform today. Also, the company, which has been recognized as the oldest in the industry and one of the three largest in China until last year, will also offer its token in the future. The company is facing the obstacles posed by the Chinese authorities since September last year.

Today’s announcement indicates that the renewed cryptocurrency trading platform offers support for Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH), which can be exchanged for US Dollars.

The BTCC cryptocurrency exchange platform already comes relaunches with an advantage, since, according to InsideBitcoins most exchanges only offer trading with Bitcoin. It will also be possible to make exchanges between pairs of cryptocurrencies.

However, Aaron Choi, BTCC cryptocurrency exchange platform’s VP, estimates that the offer of cryptos will be limited to the top 10 of the cryptocurrencies market.

The relaunch of the BTCC cryptocurrency trading platform has been presented with a series of benefits to encourage the use of the platform. For example, exemption from paying fees for the first three months. Also, BTCC will offer a type of reward in points that can be exchanged for the BTCC token that could be launched in the coming months, although no specific schedule has been established for its release date.

BTCC to relaunch its cryptocurrency trading platform, plus the new BTCC token, after suspending crypto exchange operations in 2017

During September 2017, BTCC had to suspend its operations due to the cryptocurrency regulatory measures adopted by the Chinese government, which interceded with the demands of the People’s Bank of China, restricting the commercialization of crypto coins in the cryptocurrency exchange platform across China.

The company restarted operations in Hong Kong and London, as well as Huobi and OKCoin who also had to move their operations centers to other countries, but unlike these other exchange platforms, BTCC failed to position themselves firmly in the market.

In January 2018, BTCC operations were transferred to a Hong Kong investment fund focused on technology and blockchain, which since then has taken control of the mining pool, its Mobi Wallet and the BTCC cryptocurrency trading platform with the aim of repositioning it internationally.

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Cardano (ADA) And Google Are Discussing A Possible Partnership

Charles Hoskinson, Cardano (ADA) founder, is unstoppable lately. After advising Justin Sun, the TRON (TRX) founder, to use Cardano’s mantis client instead of Ethereum’s Javascript, now, Hoskinson went to talk with Google for a possible partnership between Cardano (ADA) and Google.

As a matter of fact, Google asked Charles Hoskinson to come to a meeting where the two enterprises, Google and Cardano, discussed the potential of applying new technologies that would benefit both companies in equal measure.

Charles Hoskinson was invited to talk about Cardano and the future of cryptocurrencies at Google’s London Headquarters last month.

Cardano Community

According to Hoskinson, more details about the topics debated during the meeting will roll out soon, but, in the meantime, the founder of Cardano (ADA) offered some clues, saying that he talked about the functionality of the ADA cryptocurrency, the features of the Cardano blockchain, and the superiority of the Ouroboros algorithm behind the Cardano project.

Cardano (ADA) and Google are discussing a possible partnership

The meeting was the perfect environment for cryptocurrency and FinTech enthusiasts to listen to Charles Hoskinson debating Cardano (ADA) and its future in the cryptocurrencies market. Many questions were asked during the meeting, but one, in particular, demanded an answer on how is Cardano (ADA) planning to overcome Ethereum. Charles Hoskinson said:

How many Java, C++ or Go developers are writing code on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform (…) With Cardano, first off, we’re backward-compatible, 100%, we’re running an EVM.

Charles Hoskinson

Cardano (ADA) is currently the 8th in the cryptocurrencies market, scoring a market cap of about $4 billion. At the moment of this writing, ADA trades at $0.15, rising by about 8% in the last 24 hours.

The meeting between Charles Hoskinson and Google’s representatives was meant to give a signal that both Cardano (ADA) and Google are discussing a possible partnership that would benefit both companies equally.

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eBay Could Add Cryptocurrency Payments As It Joined Enterprise Ethereum Alliance Along With Foxconn And PwC

The most famous association of companies focused on blockchain research, the Enterprise Ethereum Alliance (EEA), has just added 74 new members, including eBay, Foxconn, the Taiwanese multinational technology products company, and the international consulting firm PwC. Exciting is the addition of eBay which could finally add cryptocurrency payment method, hopefully.

Foxconn to work on smart supply chain contracts within the Enterprise Ethereum Alliance (EEA)

The Taiwanese technology company, a producer of equipment such as iPad, Kindle, PlayStation 4, among others, invested in the fundraising for the Abra Bitcoin wallet, which raised $35 million.

Also, it was chosen to develop the smartphone focused on cryptocurrency market and blockchain conceived by Sirin Labs. Foxconn’s addition to the EEA is likely to be oriented towards the use of smart supply chain contracts for its products.

eBay could finally add cryptocurrency payment method

The integration of eBay into the EEA marks a new milestone for companies interested in using blockchain in their operations. Already in the past, this online auction platform, which achieved a net revenue of $9.6 billion by the end of the last fiscal year, made public its interest in beginning to accept Bitcoin (BTC) as a payment method. And although at the moment it has not revealed its intentions within the EEA, it is very likely that these will be oriented towards facilitating the management of cryptocurrency transactions in its platform.

PwC has been involved with blockchain before

PwC’s history in the blockchain field is much longer and more diverse, and its reliance on cryptocurrency has reached the point of accepting Bitcoin (BTC) payments at its Hong Kong headquarters. Among its latest actions related to the crypto-verse, there is the testing of a tool to track the global footprints of crypto-actives issued in ICOs.

With its integration into the EEA, it accompanies Deloitte as two of the so-called big four consulting firms within the of the Enterprise Ethereum Alliance.

Including these three companies, eBay, Foxconn, and PwC, another 71 new members joined the Enterprise Ethereum Alliance, a network of over 500 members including Fortune 500 companies, startups, academics and technology experts, blockchain and Ethereum-based companies.

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Ripple (XRP) – Ripple Plans To Secure Its Position In The Indian Remittance Market

A recent post on Ripple’s website explores the ways in which the company intends to get into Indian remittance market. Ripple appreciates how significant remittance payments have become in India since in recent years India has become the world’ s leading recipient of remittance payments, Ripple said, with $69 billion arriving in India via remittance payments services in 2017 only. The move could also benefit the Ripple (XRP) but not just yet.

The facts are clear. Indian financial institutions are a critical center both for the citizens of their country and for the global economy.

Ripple

Aiming to integrate into Indian remittance market fully, Ripple employs RippleNet in association with Kotak Mahindra Bank, a countrywide bank with over 1,300 offices. This alliance will permit Kotak to leverage the strengths of xCurrent to support more effective and quicker remittance settlements.

Kotak will use xCurrent for the instant disbursement of remittances to the country. The bank’s customers will be able to settle cross-border payments with end-to-end tracking while reducing payment times from days to minutes, all at a lower cost.

Ripple

Ripple with its RippleNet will secure its position within the Indian remittance market with the partnership with Kotak – Ripple (XRP) might emerge in India, soon

Kotak follows on the steps of other leading banks in the region which adopted RippleNet. Axis Bank began running on xCurrent in November 2017, while IndusInd reported that it would team up with the RippleNet network in February 2018.

That is just another illustration of how Ripple operates to generate partnerships with mainstream banking institutions. It is evident that Ripple has developed a technology that can genuinely upgrade the capabilities of a lot of banks, not just for the actual banks but for the banks’ clients, too. By doing so, Ripple blockchain and technology will create a solid brand reputation, which in turn will increase the likelihood of Ripple (XRP) adoption over time.

Although Kotak is not going to be keen on using Ripple (XRP) payments at this time, as new technologies become available within its systems, Ripple (XRP) could make its entrance into India’s mainstream banking system any time soon.

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Tron (TRX) Could Turn To A Bullish Rally In The Cryptocurrencies Market Any Time Now

Not surprisingly, Tron (TRX) traders have been facing some turmoil in recent weeks with the token dropping back to below the major support line of $0.04.  But Tron (TRX) now appears to be considerably rallying as it gained momentum again, indicating a bullish rally that might bring good returns for investors.

Actually, yesterday, Tron (TRX) has risen by more than 6%, surpassing the projected movement rates of 55 and 100 days. These limits constitute the primary resistant thresholds for this cryptocurrency, and climbing over them is a strong signal of the upcoming upsurge. Therefore, TRX/USD trading may reach as high as $0.10 over the next couple of months, potentially breaching the USD level, eventually.

However, at the moment of this review, the Tron (TRX) cryptocurrency, as well as the majority of top cryptos in the market, started to drop in comparison to their trending at the same hours yesterday. Accordingly, TRX is trading at $0.037 losing a shallow 0.15% in the last 24 hours.

Tron (TRX) has the means to ensure a bullish run in the immediate period

The scheduled release of the Tron Virtual Machine by which devs can migrate their projects out of the Ethereum blockchain and into the newly developed Tron blockchain is also a fundamental milestone that should propel Tron TRX to a higher level of adoption and appreciation. The release of the Tron Virtual Machine is scheduled for July 31st.

Moreover, the Tron (TRX) adoption as a viable cryptocurrency for payments by sites including PornHub and Traffic Junky provides the necessary back-up for the TRX to flourish, all that while TRX was also teaming up with a number of other stakeholders in the gaming industry, such as Game.com.

Most importantly, however, the Tron (TRX) network is superior to Ethereum’s blockchain in the areas of performance, scalability, affordability, and speeds, and has the potential to bring more devs on the new network to benefit from these advantages.

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