Tag: Cryptocurrency Exchange

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Crypto

EOS (EOS) Holders Will Have Tokens Frozen If Don’t Register Them Before June 1st When EOS Mainnet Is Set To Launch

With less than a week before EOS moves to its own mainnet, more than 50% of EOS (EOS) tokens are still not registered on the network. A situation that jeopardizes a few million dollars invested and could, in the worst case, affect EOS (EOS) market prices.

The cryptocurrency wallet Exodus was the first to report the situation, warning that more than half of the holders of the EOS ICO ERC20 tokens, hosted on Ethereum (ETH) blockchain, had not registered or updated their public key to claiming their tokens corresponding to the EOS (EOS) blockchain at the time of the migration to its own mainnet.

Millions of dollars in EOS (EOS) could be frozen after Friday, June 1st

The registration or mapping of EOS tokens, as it is also called, must be done by each of the EOS token owners to associate their Ethereum (ETH) wallet to a public key on the EOS (EOS) mainnet. All this with the aim of having your money active on the mainnet.

What if a wallet is not registered?
It’s exposed to backup logging. The Script will synchronize all the public keys of Ethereum in a block range. If you can locate a public key belonging to an unregistered address, it will generate an EOS public key from the Ethereum public key. The public key of Ethereum should match the public key of EOS. (Note: This is highly experimental, but has been tested to work with high confidence.

EOS (EOS) team

EOS (EOS) is secured on the 5th position in the crypto market

Since its ICO, EOS (EOS), an initiative dedicated to arbitration and digital governance with blockchain, has enjoyed popularity among crypto enthusiasts.

At the moment of this article, the EOS (EOS) is the 5th cryptocurrency with a market cap of over $10,5 billion. At this moment, EOS is traded at $11.92, losing about 3% in the last 24 hours.

EOS team and the cryptocurrency wallets and cryptocurrency exchange platforms trading this crypto recommend users to register their EOS tokens before June 1st, as 23 hours after that date the tokens will be frozen until further notice.

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Crypto Markets

Coinbase Cryptocurrency Exchange Acquires Paradex Cryptocurrencies Trading Platform

Coinbase, the renowned cryptocurrency exchange platform, has made another move to hold a larger share of the growing cryptocurrencies market. Accordingly, Coinbase acquires Paradex cryptocurrency trading platform.

Thus, it is righteous to think that the leading cryptocurrency exchange platform in the United States has acquired the Paradex cryptocurrency trading platform to gain a wider market share in cryptocurrency trading and spread its dominance in the cryptocurrencies market.

The amount paid by Coinbase for the acquisition of Paradex remains unknown, at this moment.

Coinbase acquired Paradex and will soon support a larger number of cryptocurrencies

Paradex permits its customers to trade currencies directly between themselves through the use of digital wallets, rather than via a centralized cryptocurrency exchange platform such as Coinbase, that keeps tokens in safekeeping on behalf of its clients..

At this moment, Coinbase is only offering operations in the four largest cryptocurrencies, namely Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Additionally to these, Coinbase will take advantage of the Paradex platform which makes it easy to trade in hundreds of cryptocurrencies.

As a result of the acquisition, the number and types of cryptocurrencies that clients can exchange and trade with the Coinbase cryptocurrency exchange platform will expand substantially.

The purchase of Paradex is meant to help Coinbase attract more institutional investors

As we speak, Coinbase is the most popular and appreciated cryptocurrency exchange platform in the United States, as well as in other places in the world. However, Coinbase’s team wants more from the platform as to attract more institutional investors.

The acquisition of Paradex cryptocurrency trading platform might be a step forward in this direction as the Paradex platform is offering the possibility of trading in about a hundred cryptocurrencies and will now become, thanks to Coinbase, active on the US market which would’ve been an impossible task, otherwise, due to SEC regulations.

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Crypto Markets News

eToro Trading Platform Is Now On The US Market And Plans On Implementing Its Own Cryptocurrency Wallet And Exchange

eToro, which runs an online social trading platform, reported some exciting breakthroughs at the blockchain conference, the Consensus 2018, held in New York earlier this week. eToro company’s CEO and founder, Yoni Assia, reported that the company is now extending its operations into the United States and that it will launch a cryptocurrency wallet and a cryptocurrency exchange office in by the end of 2018.

“Consumers around the world should have access to the tools they need to participate in cryptocurrencies market, regardless of their expertise,” said Assia.

eToro online trading platform conducted a financing round to raise funds needed to emerge on the US market

eToro finished a $100 million fund-raising round last March that, as eToro’s representatives reported, it was destined to the platform’s extension to the new US market, blockchain R&D, and the digitization of its holdings. The company’s closest sources stated that the financing round included a company valorization of $800 million. The round was conducted by China Minsheng Financial and included Korea Investment Partners, SBI Group, and World Wide Invest participation.

eToro aims to bring more crypto enthusiasts to the platform by adding its own cryptocurrency wallet and cryptocurrency exchange

eToro was created in 2007 by brothers Yoni and Ronen Assia and David (Dudu) Ring. The online trading platform is officially described by its founders as a ” social network for investors” where traders are welcomed to trade commodities, securities and cryptocurrencies and permits traders to talk about their investments, observe what other investors are trading, and adapt or simply copy the more experienced traders’ investments strategies.

According to eToro statistics, the trading platform serves more than 10 million customers from over 140 countries.

According to the future eToro’s plans, the company aims to bring more crypto enthusiasts to the platform as its CEO and co-founder Yoni Assia admitted that eToro will launch its self-operated cryptocurrency wallet and cryptocurrency exchange. As reported, these two new features will be available by the end this year.

In the meantime, the US crypto enthusiasts can trade cryptocurrencies freely as eToro became official in the US.

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Crypto News

Ripple (XRP) Price Surged As Binance Listed XRP/USDT Pair On it Cryptocurrency Exchange Platform

Binance cryptocurrency exchange reported quoting the XRP/USDT currency pair, which has caused the Ripple (XRP) to increase by 8% in only 1 hour. The listing has been great tidings for Binance traders, as the majority of XRP liquidity for Binance was represented by the XRP/BTC pair. The new trading paring facilities traders straightforward entry into a “safe haven” currency that they can resort to in the event of high volatility in the cryptocurrencies market.

Ripple (XRP) rallied 8% in just a single hour today just to come back slightly towards $0.90

CryptoCompare data reported that the XRP rallied 8% in just a single hour in cryptocurrencies markets. In all XRP markets, the volumes rose substantially to $635 million in the previous 24 hours.

Ripple (XRP) is strengthening against fiat currencies

Ripple (XRP) has publicly announced that it intends to expand the liquidity and availability of its proprietary XRP token. In so doing, it has become actively market-driven focusing on XRP to fiat currency pairings.

At the moment of this article, XRP is trading at $0.90, gaining about 2.12% in the last 24 hours. Now, with the aim of supplying a reliable liquidity pool, this, in turn, reinforces the use of the Ripple and the Ripple network solutions.

Binance cryptocurrency exchange XRP/USDT listing might reduce the correlation between Ripple (XRP) and Bitcoin (BTC)

Miguel Vias, Ripple’s XRP Market Manager, was very busy with the mission of strengthening XRP’s markets and narrowing its reliance with Bitcoin (BTC). In only one year, XRP/BTC’s overall share of the cryptocurrencies market has dropped to below 25%.

Binance’s XRP/USDT listing is expected to boost this under 20%, and Ripple’s proponents anticipate that it will diminish the powerful price link between BTC and XRP which exists at the moment.

In conclusion, Binance cryptocurrency exchange has listed the XRP/USDT pair which is expected by the Ripple (XRP) enthusiasts to diminish the correlation between XRP and Bitcoin (BTC).

Categories
Crypto

Bitfinex Cryptocurrency Exchange Has Just Listed Verge (XVG) And Stellar (XLM)

Bitfinex, the world’s biggest and best-known cryptocurrency exchange, recently reported the introduction of Verge (XVG) and Stellar (XLM) to its exchange platform. While the deposits in both new additions were accepted already, exchanges commenced today at 11:30 AM UTC.

From now on, XVG and XLM can be exchanged to the other major available cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), as well as to fiat money, which includes USD, EUR, JPY, and GBP, on the Bitfinex exchange.

Trade is now live for XLM and XVG. Both pairs can be traded against BTC, ETH, USD, EUR, GBP & JPY.

Bitfinex, on its official Twitter page

Bitfinex has been established in 2012 and has served as the largest Bitcoin exchange network since that time. This was created by taking into consideration the increasing demand for cryptocurrency services.

Verge (XVG) and Stellar (XLM) addition to Bitfinex cryptocurrency exchange brings them among the elite crypto coins of the market

Crypto coins such as Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and Monero are available for exchange on Bitfinex platform. Via a p2p platform, it provides leveraged trading.

The Bitfinex site states that “margin trading and P2P financing will be enabled gradually as the order book develops liquidity”. This type of trading allows a person to purchase more equity as one can either borrow funds or obtain a loan through a broker to trade the desired cryptocurrency or fiat money asset on Bitfinex.

Over the past day, before the announcement regarding Verge (XVG) and Stellar (XLM) listing on Bitfinex cryptocurrency exchange, the XLM value against the USD soared by about 3.7% to $0.44, while XVG gained about 23% reaching to $0.08. At the moment of this article, XLM is at the $0.43 level, decreasing slightly, while XVG trades at $0.079 increasing by 9.63% in the last 24 hours by slightly decreasing since the announcement has been made.

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