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Binance Adds Tron’s BitTorrent BTT Trading Pairs to Three Stablecoins (TUSD, USDC and PAX)

The BTT Token by BitTorrent is only a few weeks old. Despite this, it has already gotten the endorsement of one of the biggest crypto exchanges in the world. Besides that, it has become quite popular in the crypto community. After Tron Foundation went out of its way to promote the token and growing familiarity with the BTT, Binance decided it needs to pair it with three stable coins. #Binance Adds BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairs — Binance (@binance) February 14, 2019 The Stablecoin Pairs Binance announced that it would be paired with PAX, TUSD, and USDC. This will take place on February 15, 2019, at 10 AM UTC. Sun, the CEO of Tron has gotten a lot of support from Binance in his effort to create the BTT. The BTT listing announcement was revealed on Twitter by Sun. BTT created a major buzz when it launched. Later, it was listed on various exchanges such as Bitrue where it was recently listed. The listing on Bitrue was revealed via a tweet. Apart from a listing on a number of exchanges, BitTorrent also has a BB card, which is powered by GRID. The Tron CEO shared the news and expressed surprise at how much the BTT was getting. He was quite appreciative of the Tron community for the support. The price of BTT is currently at $ 0.00011074. It has seen trading volumes of about $132 million in the past 24 hours. It is quite traded on Binance with volumes of about $51 million traded for the USDT pair. About The BTT BitTorrent, which is a pioneer of P2P technology, recently launched the BTT token. The BitTorrent Foundation issued the BTT. Tron bought BitTorrent foundation last year. It is claimed that BitTorrent has 100 million users. Sun, the Tron CEO said that the move would help introduce blockchain tech to hundreds of millions of users. The plan to launch BTT came after an announcement of the Project Atlas. It is an iteration of the P2P software. It allows users to trade and ear crypto as they share files. Under the current system, users have to place their file online for them to download another file. In the Project Atlas, users have no incentive to seed a file when they are done downloading. With BTT, users will pay someone holding the file to send it to them. They can also pay to get more bandwidth for faster downloads. This way, hosts have an incentive to keep seeding files. This way, users will be able to download something quicker. A spokesperson for Tron confirmed that they would not take any cut. The BTT is a TRC10 token. There will be 990 billion BTT. BTT will be offered to those outside the US via Binance Launchpad. Airdrops will also be used to distribute the tokens. These airdrops will be announced via tweets and press releases. At first, the tokens will work via the uTorrent Classic client. However, those who do not wish to spend BTT will still be able to share files with those that use the new system. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 14th)
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Binance Expands its Stablecoin Pairs with USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC

In the world of crypto-trading, there are two schools of thought when it comes to the role played by stablecoins. The first group of traders welcome the idea of stablecoins such as Tether (USDT), True USD (TUSD), Paxos Standard (PAX) and more. The second group thoroughly dislike them as shall be explained. As the name Stablecoin suggests, they are pegged to popular fiat currencies such as the United States Dollar on a one to one ratio. They provide traders the option of hedging against the volatility of the crypto markets. Stablecoins have been widely used to avoid losses during the current crypto bear market. They have been a welcome addition to the crypto markets. The second school of thought with regards to stablecoins see them as taking away valuable market capitalization from Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC) and prominent cryptocurrencies that have proven to be stable during times of turmoil in the crypto markets. Take for example USDT with a market cap of $2 Billion. In a hypothetical situation where traders could transfer their USDT holdings to maybe Litecoin, we would have a situation where the latter would be valued at twice its current price of $42. (Litecoin’s market cap is currently valued at $2.5 Billion.) Binance Introduces a Combined Stablecoin Market However, when it comes to catering for the needs of its clients, Binance has continued to offer a variety of stablecoins to choose from in its combined stablecoin market. At the moment of writing this, the Combined Stablecoin Market (USDⓈ) has the following stablecoins paired with top cryptocurrencies. Tether (USDT) True USD (TUSD) USD Coin (USDC) Paxos Standard (PAX) Stable USD (USDS) Popularity of Stablecoin Pairs The aforementioned stablecoins do sometimes deviate from the $1 anchor value. One example is when rumors broke of Tether being delisted from Binance. As a result, USDT fell by approximately 5% to a value of $0.95. In such a case trading USDT against the other stablecoins netted a handsome profit. Stablecoins rarely deviate from the $1 mark as in the above example. The day-to-day variance can be in the tune of one or two cents but considering that this makes up 1% to 2% profits when trading, it makes sense to pair stablecoins against each other for scalping opportunities like these. Bitfinex has also seen the opportunities presented by offering stablecoin pairs. The exchange recently introduced margin trading for USDT paired with the USD. Binance Adds More Stablecoin Pairings of USDS Only a few hours ago, Binance has announced that it will open trading for the following stablecoin pairs on Valentines day at 10 am (UTC). USDS/USDT USDS/PAX USDS/TUSD USDS/USDC The above adds to a budding list of stablecoin pairs available on the exchange. What are your thoughts on the entrance of stablecoins into the crypto space? Are they relevant or part of the old way of thinking according to fiat? Also, do you think trading of stablecoin pairs is profitable? Please let us know in the comment section below.  [Image courtesy of] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance Expands its Stablecoin Pairs with USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC appeared first on Ethereum World News.
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Binance Gives Stablecoin Trading Pairs Support: USDS/USDT, USDS/PAX, USDS/TUSD, USDS/USDC

According to recent announcements, StableUSD (USDS) will be trading with USDT, USDC, PAX, and TUSD on Binance at 10:00 AM (UTC) on Thursday, February 14th, 2019. #Binance Adds USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC Trading Pairs — Binance (@binance) February 13, 2019 USDS is a stablecoin designed to be pegged one-to-one with USD (1 USDS = $1 USD). This ratio is guaranteed whenever you want to purchase or redeem USDS directly with Stably, because Stably holds a one-to-one reserve of USD against all issued USDS in the market. Stably is a venture-capital backed startup that is on a mission to connect wealth from the real world to the blockchain economy and help bring stability to the volatile cryptocurrency market. Stably has been laying the groundwork with the proper preparation, regulation, and transparency to effectively address counterparty risks for USDS. To provide a complete and up-to-date level of transparency on their reserve, Stably provides a view of our reserve balance in real-time, via a live feed from the API of our reserve holder, Prime Trust. They also provide two pieces of information through this platform. The first is how much USDS the company has in circulation, based on its smart contract. The second is how much USD their regulated trustee has in their reserve. The mechanics of a stablecoins have a lot of advantages. No long deposit processes from exchanges to bank accounts. The ability to secure funds in a dollar-denominated currency when not trading them, essentially stabilizing them. This is why Binance has been trying to capitalize on the Stablecoin market recently and hope to add more Asian currency pegged stablecoins.
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Bitfinex introduces a new system, BTCC launches in South Korea, the Bitcoin Unlimited upgrades features, the Maldives denies giving permits, IAMAI attracts big players, Huobi lists stablecoins, Binance opens in Uganda

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Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto?

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community. Since finding his way to the headlines of the world’s media, the Tesla chief executive’s pro-innovation mindset has struck a chord with many enamored with cryptocurrencies. In fact, some say that Musk’s unsaid raison d’etre of bettering society at large, especially by amending the world’s most harrowing issues (climate change, confinement on Earth, financial inequality), lines up with the goals held by many cryptocurrency insiders. Thus, some have even argued that Musk could be Satoshi Nakamoto. Sahil Gupta, a former intern at Musk’s second multi-billion dollar enterprise SpaceX, once infamously claimed that Musk’s brief mentionings of cryptography, economics, the C++ computing language, along with the entrepreneur overarching vision scream Satoshi. The South African-Canadian entrepreneur has done his best to keep his mouth zipped regarding his candidacy for the Satoshi title, but that hasn’t stopped him from talking about cryptocurrencies. We had @elonmusk on the latest episode of @ARKInvest's podcast! He had a few things to say about Bitcoin. "Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper." – Elon Musk — Yassine Elmandjra (@yassineARK) February 19, 2019 Bitcoin Is “Quite Brilliant” While the crypto market has remained in a depressed state, save for Monday’s jaw-dropping rally, stars have begun to descend on this industry. Weeks ago, NewsBTC reported that a mass of celebrities, including the Spice Girl’s Mel B, Johnny Depp, Madonna, and Lionel Messi, had some involvement in cryptocurrency. More recently, Jack Dorsey of both Twitter and Square took to Joe Rogan to claim that the native currency of the Internet is likely to be Bitcoin. Related Reading: Twitter CEO Loves Lightning on Bitcoin: is it the Future of Fast, Instant Payments? And just on Tuesday, Elon Musk, the most well-known Silicon Valley guru, took to the New York-based ARK Invest’s “FYI” Podcast to touch on Tesla’s plans, autonomy, other innovations, such as crypto. Per The Block, who compiled his comments regarding cryptocurrencies, Musk made his comments with explicitly bullish tones. After discussing Tesla’s most recent advancements, the hosts of the podcast, the CEO and an analyst at ARK, a disruptive innovation-centric investment group, took a brief aside. They asked Musk if he agrees with Dorsey’s recent comments on Bitcoin and cryptocurrencies at large. Interestingly, Musk responded with an answer, albeit somewhat cursory. He tacitly agreed, noting that the “Bitcoin structure was (is) quite brilliant,” adding that Ethereum and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with Bitcoin’s Proof of Work (PoW) consensus mechanism, noting that it is energy intensive. Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that cryptocurrencies are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.” In spite of all this, he made it clear that Tesla isn’t going to foray into the crypto space in any capacity, noting that it would be a good use of his firm’s resources to prop up an offering. Musk’s abrash comments quickly elicited responses from each and every corner of the crypto space. Matt Odell, a long-time pro-Bitcoin coder and industry personality, joked that the comments “confirmed” his bias that cryptocurrencies could oust banknotes. Changpeng “CZ” Zhao of Binance noted that eventually, “[Musk] will join the brotherhood,” adding that he is unequivocally sure that the businessman will take up a crypto mantle. CZ notably called on the Tesla founder to take up the Lightning Network Trust Chain torch last week, just days after Twitter’s Dorsey openly lauded Bitcoin in dozens of tweets. Crypto Is Better Than Banknotes? While Musk made notable acknowledgments in his brief appearance on ARK’s “FYI,” what stood out to many crypto investors was his thoughts on the dichotomy between banknotes & physical cash, and crypto assets, not centralized e-money. For a brief recap, Musk simply stated that he is unequivocally sure that crypto, whether it be Bitcoin, Ethereum, or otherwise, is a “far better” medium of exchange than pieces of paper. Shocking, right? This may be deemed hearsay by pundits of the legacy world, but the world is already adopting digital mediums of exchange. Per previous reports from this outlet, Arthur Hayes of BitMEX took to his company blog to claim that platforms like WeChat Pay and AliPay have already begun to take over China’s financial system. Who’s to say that cryptocurrencies, a decentralized counterpart to these systems that tout their own currencies, cannot have a similar impact on society at large. The fact of the matter is that these digital payments systems, whether decentralized or centralized, offer benefits that cash/plastic cannot. Case in point, payments on both Bitcoin and WeChat Pay are cheap, rapid, and relatively secure. But arguably, decentralized payment ecosystems, which are non-sovereign, private, immutable, and non-censorable, are even better than their centralized peers, which is likely what Musk was touching on. Featured Image from Shutterstock Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? was last modified: February 20th, 2019 by Nick ChongThe post Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? appeared first on NewsBTC.

In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of cryptocurrency eventually popped up in the last four minutes. Musk commented: “I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos … We’re really just trying to accelerate the advances of sustainable energy. One downside of Bitcoin is … computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental bitcoin at this point … It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.” Shanghai’s Fudan University Launches Research Center Shanghai’s Fudan University has become the latest academic institution to launch a blockchain R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in China. The Shanghai Blockchain Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and training talent to serve Shanghai’s economic development. Last month the University of California, Berkeley announced the formation of its own blockchain-focused startup accelerator program, the Berkeley Blockchain Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the blockchain space with industry guidance from Silicon Valley. Xdat Exchange Lists 18 Trading Pairs Xdat, a new Malta-based cryptocurrency trading exchange, has announced the listing of 18 trading pairs. These comprise ETH/BTC, BCH/BTC, EOS/BTC, ETC/BTC, XRP/BTC, DASH/BTC, LTC/BTC, BTC/ETH, BCH/ETH, EOS/ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, BTC/TUSD, ETH/TUSD, BTC/EURO, and ETH/EURO. The company has further plans to add other pairs over time. The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank. “Xdat is on a mission to address the key problems of existing exchanges … including lack of flow of new capital, lack of trust, no approach for mass adoption, and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and trading as streamlined as possible.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from The post In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange appeared first on Bitcoin News.
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Elon Musk Praises 'Brilliance' Of Bitcoin And Ethereum, But Clash With Tesla's Energy Stance

Main Street seems to be giving cryptocurrency a second look. Last week, Jamie Dimon and JPMorgan Chase & Co. (NYSE: JPM) announced an investment in JPM Coin, which will become the first digital token provided by a U.S. bank. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lent cryptocurrency additional validation. “Paper money is going away, and crypto is a far better way to transfer value than pieces ...Full story available on

Elon Musk Calls Bitcoin "Brilliant" | Here's Why He's Optimistic

What are your thoughts on this news? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! ---------------------------------------------------------------------------------------------------------- Check out Yellow: Interested in signing up for our newsletter? Click the link below! Link: Looking to file your crypto taxes? Check out TaxBit! ---------------------------------------------------------------------------------------------------------- What are your thoughts on current markets? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* For consulting, speaking, or other business inquiries, please feel free to reach me at Patreon: Telegram: Alerts | Discussion | Discord: Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of over $100 ↓↓↓ Want to start trading coins? My top choice is Binance. ↓↓↓ Want to trade OTC? Caleb & Brown is my personal favorite to get started. Looking to buy physical gold or silver? Check out the link below: Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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