Tag: Cryptocurrencies Exchange

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Crypto

Bithumb Cryptocurrencies Exchange Plans On Launching Its Own ICO And Crypto Coin

South Korea’s renowned exchange house, the Bithumb cryptocurrencies exchange, is planning to launch an ICO and to issue its own crypto coin.

According to local reports, Bithumb initial currency offer, or ICO, would take place in Singapore in view of the fact that this fund-raising scheme for blockchain projects is banned in South Korea. So far, Bithumb has not confirmed the information, but it is given as true by TokenPost, which means that meetings have been held with investors and institutions.

“We know that the BitHumb crypto coin is routed through a local subsidiary acquired, at its turn, by a subsidiary of Bithumb. Details such as the date of issue and the amounts of cryptocurrencies have not yet been confirmed,” a spokesman for the exchange office was quoted as saying.

Bithumb follows the strategies already implemented by Huobi and Binance

Thus, Bithumb follows in the footsteps of the Huobi exchange house, which recently announced its plans to issue 500 million tokens based on blockchain technology, though not through an ICO, but would only be allowed to obtain it from those already registered in the exchange, this perhaps because of China’s strong cryptocurrencies regulations in that regard.

Another example is the Binance exchange house, which already has its own cryptocurrency, the Binance Coin (BNB), which allows its users to trade with other cryptocurrencies at low operating costs, in addition to the exchange house burning some chips to increase their shortage and encourage the increase in their value.

South Korea banned the ICOs during the past year, due to some cases scams and investment frauds that were hidden under this fund-raising scheme, something that certainly does not please the authorities. This has led some businessmen and academics to pronounce themselves in favor of fewer prohibitions and more support for blockchain.

However, Bithumb, the renowned South Korean cryptocurrencies exchange, will launch its own crypto coin and will hold an ICO in Singapore, to evade the cryptocurrencies regulations from South Korea.

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Crypto News

Kraken Cryptocurrencies Exchange Will Not Answer To The New York Attorney General’s Questionnaire

Jesse Powell, CEO of Kraken, the San Francisco-based cryptocurrencies exchange, said on April 18th that they would not answer the questionnaire that was sent to them the previous day by New York Attorney General Eric Schneiderman. This happens just one day after Schneiderman announced the start of his research called the Initiative For The Integrity Of The Virtual Markets, so he sent a questionnaire to 13 cryptocurrency exchange platforms operators based in the United States, one of which being Kraken.

Kraken found an escape route from answering to the New York Attorney General’s questionnaire

In this regard, Powell indicated via email that Kraken would not answer this questionnaire, claiming this exchange house moved its headquarters from New York to San Francisco during 2015 due to the strong regulatory framework (BitLicense) that applied in that jurisdiction.

The departure of Kraken driven by BitLicense of New York in 2015 pays today another dividend (…) I realized that we made the wise decision to leave New York three years ago and that we can dodge this bullet.

Jesse Powell, the CEO of Kraken

Kraken would then be the first of the 13 cryptocurrencies exchange platforms that received the questionnaire that decided not to collaborate with the New York Attorney General.

The rest of the exchange houses that received the document are GDAX, Gemini, BitFlyer USA, Bitfinex, Bitstamp USA, Bittrex, Poloniex, Binance, Tidex.com, Gate.io, itBit, and Huobi.

The CEOs of 5 cryptocurrencies exchange platforms have already positively responded to the New York Attorney General’s request

The representatives of Gemini, Bittrex, Poloniex, BitFlyer, and Bitfinex have already expressed themselves positively and have declared that these exchange offices will answer the questionnaire of the Attorney General.

According to Schneiderman, this research is carried out with the purpose of protecting clients and increasing the transparency of the before-mentioned exchange offices. For this reason, this questionnaire was sent asking about topics such as exchange policies, procedures, suspensions, privacy, and prevention of money laundering.

The authorities of New York have not been exactly friendly with the companies that operate cryptocurrencies exchange platforms and a month ago they presented a special tariff of electric services that aims at those companies that perform cryptocurrency mining. Moreover, as a consequence of BitLicense, many of these platforms decided to move out of the New York’s jurisdiction, as is the case of Kraken.

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Crypto

Ripple (XRP) Was Listed On Anycoin Direct, The Most Reliable European Cryptocurrencies Exchange Platform

A famous cryptocurrencies exchange platform from the Netherlands, Anycoin Direct, published today, April 19th, that they added Ripple (XRP) to their platform, a cryptocurrency listing that was hugely awaited by the customers.

The cryptocurrencies community responded positively

The feedback from crypto holders and crypto enthusiasts wasn’t late to appear. Mostly, we’re talking about a positive feedback in this case.
For example, a Twitter user replied:

So glad you guys are on your A-game!! Keep up the good work guys!! Nice miners fee with ripple.

Also, a client of the Dutch cryptocurrencies exchange platform said that Anycoin Direct has a great and very helpful live support, assuring other possible customers about the platform’s trustworthiness.

Ripple (XRP) listing on Anycoin Direct will ease up the XRP-to-fiat conversion for European countries

Anycoin Direct, a renowned European cryptocurrencies exchange, handles many payments methods but they are not holding clients funds. They made a name for themselves as the fastest and most reliable cryptocurrencies exchange service in Europe.

Definitely, the addition of Ripple (XRP) on Anycoin Direct will make it easier for the European cryptocurrencies enthusiasts to exchange XRP to fiat currency.

The official announcement on the XRP listing on Anycoin Direct platform reads:

We are delighted to welcome Ripple – also known as XRP – to Anycoin Direct! From now on you can buy XRP on Anycoin Direct using available payment methods. You can also sell XRP, specifying that it pays out to your IBAN bank account.

The platform’s officials admitted that Ripple (XRP) is one of the most scalable cryptocurrencies, besides being the fastest, as, in its actual shape, the Ripple platforms can manage around 1,500 transactions per second.

Ripple (XRP) price

This positive news contributed to the Ripple (XRP) boost for today. At the moment of this article, XRP is trading at $0.74, gaining 8.31% in the last 24 hours.

Needless to say, Ripple (XRP) was surrounded by great news, lately, such as its addition to the Anycoin Direct cryptocurrencies exchange. All this positive sentiment around Ripple, positively impacted on the XRP’s price, which boosted quite considerably, during this week.

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Crypto

Switcheo – The First Decentralized Cryptocurrencies Exchange Based on NEO (NEO) Blockchain

Switcheo Exchange is the first decentralized cryptocurrencies exchange implemented on the NEO (NEO) blockchain and it has been recently launched to the happiness of the NEO holder and other cryptocurrencies traders, as well. The exchange, which launched at the beginning of the month, is based, as said, on the NEO blockchain and managed to transact about $2 million in just a few days.

10 crypto coins are available on the NEO (NEO) decentralized exchange

DeepBrain Chain, QLINK, and Red Pulse are among the available coin on this exchange but the developers have huge plans for the upcoming week and months as they plan on bringing in more blockchains of the most popular ones on the cryptocurrencies market.

At the moment, all the available coins on Switcheo Exchange are paired with NEO (NEO), Gas (GAS), and Switcheo (SWH). Here are all the available crypto coins, so far:

  • NEO (NEO)
  • Gas (GAS)
  • Switcheo (SWH)
  • THEKEY (TKY)
  • DeepBrain Chain (DBC)
  • Red Pulse (RPX)
  • QLINK (QLC)
  • Ontology (ONT)
  • Apex (CPX)
  • Trinity Network Credit (TNC)

What’s next for the first NEO (NEO) decentralized exchange

The developers plan on adding cross-chain functionality to permit their clients to easily exchange cryptocurrencies between the NEO (NEO) blockchain and Ethereum (ETH) blockchain.

In a longer term, the developers plan to implement ERC20 tokens to the exchange platform but this will not happen before Q3 2018. Besides, the QRC 20 (QTUM) coins are also targeted by the NEO exchange’s teams, which admitted they look into Stellar (XLM) blockchain.

Switcheo (SWH) and NEO (NEO) Prices

Switcheo (SWH) has launched its first tokens sales in March and raised about $8.5 million. At this time, Switcheo (SWH) is trading at $0.02, recording a 4.35% gain in the last 24 hours.

On the other hand, the NEO (NEO) is trading at $67.97, increasing by 3.38% in the last 24 hours. At the moment, NEO (NEO) is ranked 10th by market cap, with more than $4.4 billion.

In conclusion, Switcheo Exchange is the first decentralized cryptocurrencies exchange based on the NEO (NEO) blockchain and is doing well, so far, and its developers have many great plans for the future, including implementation of other popular crypto coins.

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Crypto

Cardano (ADA) Is Listed On Huobi, The Biggest Chinese Cryptocurrencies Exchange, Since Today

Today, Huobi cryptocurrencies exchange, the biggest Chinese one and the second most important exchange in the world, listed Cardano (ADA), a fact that should boost ADA value against the USD.

The listing of Cardano (ADA) on Huobi has been announced via the cryptocurrencies exchange site, earlier:

Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8).

Cardano (ADA) Price Soared After The Announcement Has Been Made

The announcement from Huobi created a very positive sentiment surrounding the Cardano (ADA) crypto coin. The ADA holders and traders were happy to notice that Cardano (ADA) significantly soared up today.

At the moment of this article, ADA is trading at $0.245 increasing by a little more than 12% in the last 24 hours. Even more, ADA is, at the moment, the only top 10 cryptocurrency which shows gains, while the other 9 coins deepened into the “red zone”.

Moreover, Cardano (ADA) is on the second place in the cryptocurrencies market, in terms of the last 24 hours gains, being surpassed only by Populous (PPT).

As Huobi listed Cardano (ADA), the ADA price is expected to increase even more.

What does Cardano (ADA) offer?

Cardano (ADA) is a decentralized cryptocurrency with a very interesting blockchain technology offering smart contracts in a manner that is meant to totally revolutionize the cryptocurrencies market and, subsequently, the blockchain technologies.

Its Ouroboros PoS (proof-of-stake) is an algorithm which dictates how the network nodes reach consensus and “is a crucial part of the infrastructure that supports the Ada cryptocurrency and is a major innovation in the blockchain technologies,” as the official ADA site reads.

In short, Ouroboros is meant to provide a less energy consuming and more scalable proof of work protocol.

In conclusion, Huobi, the biggest Chinese cryptocurrencies exchange and the second in the world, just listed Cardano (ADA) and helped ADA price to soar up, an uptrend which will be kept for the next days, most probably.

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