Test Net Release Date For Binance Decentralized Exchange Revealed
The decentralized exchange of one of the biggest cryptocurrency exchange in the world by trading volume, Binance has recently revealed its test net date.
This was shared by no other then its CEO, Changpeng Zhao (CZ) via a tweet last February 12, 2019.
According to the executive, it will begin public testing on February 20, 2019.
A decentralized exchange by Binance first emerged last year which aims to provide decentralized basis for cryptocurrency holders to trade tokens removing liability and security concerns that are common to traditional centralized platforms.
The new DEX from Binance will support hardware wallets and will run in tandem with Binance’s centralized crypto exchange.
CZ states that depending on how the market reacts the DEX may replace its existing centralized crypto exchange platform.
Bithumb Crypto Exchange Expanding In UAE
The popular cryptocurrency exchange, Bithumb, which originated from South Korea, is expanding its operations in the Mddle East with the launch of licensed fiat-to-crypto exchange in the United Arab Emirates (UAE).
This was made possible with its memorandum of understanding (MoU) with Nvelop a company based in UAE.
Nvelop was founded by Abu Dhabi-based E11 investment Fund and Asia-based venture capital firm Trill Ventures Group.
The said venture capitalist firms fund blockchain businesses in the Middle East and North Africa (MENA) region.
It seems that Bithumb is expanding aggressively across the globe.
Last week BIthumb launched a global over-the-counter (OTC) trading desk for digital assets in Hong Kong.
The company also is seeking to go public in the U.S through a reverse merger deal early this year.
These are very positive development after a major security breach of its exchange last June which caused them to lost around $30 Million worth of cryptocurrencies.
General Motors Subsidiary Joining Blockchain Data Security Project
The U.S. automotive manufacturing giant General Motors (GM) seems to be entering the crypto space.
The project is called Spring Founding Industry Partnerships (SPIF) Program which started early this year in January.
According to Mike Kanarios, the chief strategy officer at GM Financial that his company is continually innovating and evolving their fraud prevention and detection capabilities to better serve and protect their customers and dealers.
It is not the first time GM made its foray into the underlying technology of cryptocurrencies, Blockchain.
Back in 2017 GM financial is one of the earliest members of Hyperledger, an open-source enterprise blockchain project.
Several months later GM launched its own cross-industry blockchain association along with other major car manufacturer.
More recently GM filed a patent on using blockchain to handle data.
BitTorrent Token Airdrop Concluded, TRX Price Falls
It is no secret that the best way to get attention for a new crypto token is to give them away.
The team at Tron Foundation knows this, that is why they are employing this strategy for BitTorrent Token (BTT) through a series of airdrops.
The first one already concluded and has some very interesting results.
Justin took to twitter to announce the much anticipated airdrop for TRX holders.
According to Justin this would be the largest and longest airdrop in cryptocurrency history.
TRX stored in exchanges and cold wallets were qualified to get the airdrop with the ratio of 1 TRX = 0.109768117 BTT.
The airdrop will happen every 11th of the month and will happen until 2025.
The market reacted positively for the price of BTT as it jumped 11% in value on the day against the USD and 12% against Bitcoin.
This is 73% from its ICO price.
TRX on the other hand went on a different path as it lost 4.7% of its value on the day and around 8% on the week.
Nevertheless TRX has been one of the top Cypto performers since the beginning of 2019 alongside Litecoin and Binance Coin.
Wall Street Advisor Bitcoin ETF Is Certain Only A Matter Of Time
According to the founder of Edelman Financial Engines, Ric Edelman, Bitcoin ETF is virtually certain showing supreme confidence that the financial mechanism that was applied for by VanEck or Bitwise will satisfy the demands of SEC and will eventually be approved.
In an interview with CNBC he stated that approval is certain, the only question now is when.
He reveals that he does not know how soon it will happen but eventually he believes that there will be a Bicoin ETF.
He further adds that when the Bitcoin ETF arrives it would be a lot easier recommending investors to emerging asset class.
The CNBC’s interview with Edelman ended with a pool asking readers if they would invest in an approved bitcoin ETF.
Unsurprisingly majority of the respondents chose to participate in Bitcoin ETF.
Although the sample size are admittedly small it might be interesting to know that among financial advisors, 74% say that they have talked to their clients about their interest in bitcoin and majority seems to be interested in the new asset class.
Headlines for the world of Cryptocurrencies - February 12, 2019Free Blockchain Education for Ethereum and Tezos Developers / Blockchain-Powered Cloud Service From IBM Launches In Melbourne / Philippine Bank To Launch Two Way Crypto ATM / SEC Commissioner Calling For Bitcoin ETF Approval / UAE-Based Exchange and Payment Platform Joining The Ripple ‘s Payment Network |
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