A campaign named “Crypto and Coffee” has been introduced by Gemini cryptocurrency exchange and vision to develop a global adoption of cryptocurrencies. The campaign has been receiving numerous response from Twitter users where one of them have commented, “don’t find the answers convincing. Saying it’s better in every property than gold ignores the volatility.
The Xena Exchange platform is all set to create a derivative on Telegram’s GRAM token. It will a chance to invest to all those who have missed the opportunity to invest in Telegram TON blockchain project, as it didn’t go for the initial coin offering route. This is the first time on the crypto-market where derivatives is used to hedge the risks.
An announcement has been made by Ripple and its new business partner, a major financial services company headquartered in Japan, SBI regarding their plan in launching a new cryptocurrency exchange named VCTRADE. They have planned VCTRADE to be launched on this coming March 2019 and predicted to cater 23 Million customers based in SBI Group.
Huobi Global headquartered in Singapore has shared its plan to enter the American market. The General Director of HBUS, that is also Huobi Global’s strategic partner commented, “Once we establish partnerships with our institutional clients and put in place the required regulatory and compliance structure, we should be able to offer innovative products and financial services to larger audiences.”
The US arm of Singapore-based cryptocurrency exchange Huobi announced that it is launching a new fiat-to-crypto exchange. Initially it will be listing all three major pairs tied to U.S. dollar(USD) against Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Huobi is also preparing the infrastructure to launch its own stablecoin in the first half of 2019.
Big cryptocurrency exchanges in the country like Bithumb, Korbit, UPbit, and Coinone are doing better than small exchanges; Although some of the leading exchanges are considering laying off at least 10% to survive the crypto winter. The interest in cryptocurrencies has significantly dropped since last year, the globe are experiencing these effects; however, the effects are most felt in South Korea.
Phillip Potter, co-founder of Tether (USDT) who also previously held position of Chief Strategy Officer of affiliate crypto exchange Bitfinex, has joined the advisory board of a new stablecoin clearing house project, Stablehouse.io. The clearing house will charge investors a fixed fee in exchange for acting as a centralized entity that facilitates the exchange and transactions of stablecoins.
Trade.io, a cryptocurrency exchange has partnered with Simplex, payments provider to allow cryptocurrency traders who use Trade.io’s services to buy an array of cryptocurrencies with either a credit or debit card. Earlier traders use fiat money( US dollars or euros) in cash to buy cryptos( Bitcoin, Ethereum, Litecoin, and Bitcoin Cash).
Kraken, a crypto exchange has acquired Crypto Facilities in an expensive large scale business deal of nine-figure deal. Crypto Facilities is a top crypto derivatives trading operation headquartered in London under the United Kingdom’s Financial Conduct Authority (FCA). Crypto Facilities made the way for regulated bitcoin, ether, XRP, litecoin and bitcoin cash futures.
The infamous Mt. Gox breach was one of the biggest cryptocurrency exchange hacks of all time.There have been many bankruptcy proceedings and dealings with the court trustee in Tokyo, but now victims have new hurdle Peter Vessenes, founder of Coinlab, is causing problems in the rehabilitation process by claiming ¥1.7 trillion yen.