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CoinFLEX To Reward Early Investors In Native FLEX Token

CoinFLEX, a trading platform for physically delivered Bitcoin Futures, announced the launch of its native cryptocurrency earlier this week. The addition of FLEX Coin is a part of the exchange’s initiative to reward early adopters of the CoinFLEX platform. Users will receive daily payouts of FLEX Coin based on the volume they trade on the exchange, relative to the total volume traded on CoinFLEX daily. The tokens can be used to offset the cost of trading fees incurred during the previous day. CoinFLEX, whose goal is to provide a secure, scalable, global crypto futures exchange, will also introduce the world’s first stablecoin-to-stablecoin futures product, along with expanding opportunities for leveraged trading.  The decision to develop a native cryptocurrecy to pair with its exchange was made to further its increased value proposition to potential traders, and award current users for their loyalty. According to Mark Lamb, CEO of CoinFLEX: “With FLEX Coin we want to reward early traders of the platform and build loyalty using a shared exchange coin.  We have a growing number of high profile backers, a clear roadmap for delivery and are moving closer to our goal of helping crypto futures trading achieve its full potential.” CoinFLEX is also building a consortium of high profile financial backers in the crypto industry, with recent contributions from blockchain venture firms Digital Currency Group, and Polychain. CoinFLEX’s investors seem confident in the platforms future prospects, stating that the exchange has identified and targeted an underserved need in the crypto space; cryptocurrency futures. Polychain CEO Olaf Carson-Wee said:  “We believe that Mark and his team have identified a gap in the fragmented landscape of cryptocurrency exchanges. As a physically-settled futures exchange, CoinFLEX will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price and hash rate volatility.” The author is invested in digital assets, but none mentioned in this article.  Join the conversation on Telegram and Twitter! The post CoinFLEX To Reward Early Investors In Native FLEX Token appeared first on Crypto Briefing.
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Bakkt Competitor Coinflex Sees Investments From Polychain and Digital Currency Group

Digital Currency Group and Polychain Capital have become the latest high-profile investors in the physically-delivered crypto futures exchange Coinflex.  Coinflex Gaining Steam Coinflex presents itself as the world’s first physically-delivered cryptocurrency futures exchange. According to a press release, the platform has managed to attract two more high-profile investors in the face of Barry Silbert’s Digital Currency Group and Polychain Capital. They have joined a consortium of other investors in the project, including Dragonfly Capital Partners, Roger Ver, and Trading Technologies. FLEXin’ and Finessin’ Per the same release, the platform also introduced its very own FLEX Coin — a token designed to promote liquidity and to reward early trading activity. According to the announcement, traders will receive a certain amount of FLEX proportional to the volume that they trade and relative to the total daily volume on the exchange. Speaking on the matter was Mark Lamb, CEO at Coinflex, who noted: With FLEX Coin we want to reward early traders of the platform and build loyalty using a shared exchange coin. […] We have a growing set of high profile backers, a clear roadmap for delivery and are moving closer to our goal of helping crypto futures trading achieve its full potential. Is Bakkt Lagging Behind? Physically-delivered bitcoin futures are at the core of another much anticipated digital trading platform — Bakkt. The idea behind physically-settled futures is that, at the time of the contract’s expiration, the trader will receive the underlying asset instead of a cash payment. The platform was supposed to go live in December 2018, pending regulatory approval. As Bitcoinist reported, however, the US Commodity Futures Trading Commission (CFTC) is expected to approve its Bitcoin-settled futures contract at some point at the beginning of 2019 — which still hasn’t happened. Among the latest updates on Bakkt is from Jan 14, when it made its very first acquisition in order to expand compliance capabilities. What do you think of Coinflex’s progress? Don’t hesitate to let us know in the comments below!  Images courtesy of Shutterstock. The post Bakkt Competitor Coinflex Sees Investments From Polychain and Digital Currency Group appeared first on Bitcoinist.com.
Bitcoinist

Top 5 Cryptocurrencies in 2019 from The Altcoin Buzz Team

Mattie takes a look at the altcoin buzz team's top 5 cryptocurrencies. The list include bitcoin, ethereum, tomochain, enjin, apollo and more exciting cryptocurrencies. ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Top 5 Coins from The Altcoin Buzz Team https://www.altcoinbuzz.io/crypto-news/spotlight/top-5-coins-from-the-altcoin-buzz-team/ Top 5 Strategies in Crypto Investing Right Now https://www.altcoinbuzz.io/crypto-news/spotlight/top-5-strategies-in-crypto-investing-right-now/ Stellar Lumens (XLM) https://www.stellar.org/ Cardano (ADA) https://www.cardano.org/en/home/ Litecoin (LTC) https://litecoin.com/en/ Enjin (ENJ) https://www.enjin.com/ Tomochain (TOMO) https://tomochain.com/ Safe Exchange Coin (SAFEX) https://safex.io/ Crypto.com MCO https://www.crypto.com/en/index.html Ripple (XRP) https://ripple.com/ ICON (ICX) https://icon.foundation/?lang=en Safe Haven (SHA) https://safehaven.io/ ZChash (ZEC) https://safehaven.io/ Ageus (AEG) https://masternodes.online/currencies/AEG/ Self Key (KEY) https://selfkey.org/ VeChain (VET) https://www.vechain.org/ Dash https://www.dash.org/ Omisego (OMG) https://omisego.network/ Monero (XMR) https://www.getmonero.org/ IOTA https://www.iota.org/ NANO https://nano.org/en Golem (GNT) https://golem.network/ Wanchain (WAN) https://wanchain.org/ Ontology (ONT) https://ont.io/ 0X (ZRX) https://0x.org/ Polymath https://polymath.network/ Phore (PHR) https://phore.io/ Gincoin (GIN) https://gincoin.io/ Power Ledger (POWR) https://www.powerledger.io/ Basic Attention Token (BAT) https://basicattentiontoken.org/ Aircoins https://aircoins.co/ Apollo (APL) https://apollocurrency.com/en/ -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

What Is Huobi Chain? Introduction to Huobi Token

What Is Huobi? Huobi is a Singapore-based cryptocurrency exchange created in 2013 by former Oracle engineer Leon Li. Originally based in China, the Huobi Foundation expanded to Singapore, South Korea, and Japan following China’s 2017 Bitcoin trade ban. Huobi currently supports over 280 cryptocurrency markets, with over $350 billion worth of crypto tokens traded daily, making it the third-largest cryptocurrency exchange in the world. In June 2018, Huobi Group announced Huobi Chain, which will distribute its exchange ledger. The Huobi Token, its proprietary cryptocurrency, was created in January 2018 to reward Huobi exchange users with lowered fees for using HT. The token was distributed to paid Huobi VIP members in response to China’s crypto ban and decreased trading activity. It is an exchange coin like Binance’s BNB coin, so it’s tradeable with any cryptocurrency on the Huobi exchange and comes with voting rights. With hackers and governments around the globe targeting cryptocurrency exchanges, what are the risks and rewards for keeping your coins in Huobi’s exchange wallet and holding HT? Before explaining that, let’s take a look at the performance of HT, Huobi’s proprietary coin, on the cryptocurrency market. Huobi Token Cryptocurrency Market Performance The peak price of HT so far was $5.97 on June 5, 2018, and the circulating supply is 500,000,000 HT. The initial HT distribution (which the team insists is “not an ICO”) took place from January to February 2018. At this time, 300,000,000 of the total HT supply was distributed on a first come, first serve basis to Huobi VIP subscribers. There are five levels of Huobi VIP, with the bottom tier paying 120 HT per month for a 10-percent trading discount and the top tier paying 12,000 HT monthly for a 50-percent trading discount. Unlike Binance’s discount, Huobi’s is perpetual, although you must pay monthly for the benefit while BNB is free. In fact, because Binance created BNB first, Huobi modeled much of HT’s features and benefits after BNB. Aside from the Huobi trading discount for paying in HT, it plans to buyback HT like Binance does BNB. It’s used as a wrapped placeholder for cryptocurrencies placed in the exchange wallet. Holding HT is also the only way to vote on which assets to list on Huobi, so new projects would need to spend a lot to hold enough HT to get themselves listed. However, it is still possible, especially for well-funded blockchain projects. Of the total HT supply, 200,000,000 (40 percent of the total supply) was withheld by the Huobi team. Half of this (20 percent) cache is withheld for user rewards and platform maintenance. The remaining 100,000,000 HT is distributed to the Huobi team when its vested in four years. Obviously Huobi is the best place to buy and sell HT, but it’s also tradeable on LBank, Bibox, Gate.io, and DDEX. The top coins traded on Huobi (wrapped HT trading pairs) are BTC, BCH, EOS, XRP, and ETH. HT is an ERC-20 token on the Ethereum blockchain, so it can be stored in any wallet that supports ERC-20 tokens, including the Ledger Nano S and MyEtherWallet. Storing and Exchanging Cryptocurrencies The irony of HT is when you store it in a third-party wallet, you don’t receive the benefits. Meanwhile, Proof-of-Stake cryptocurrencies and airdropped tokens aren’t always supported by cryptocurrency exchanges like Huobi. For example, Binance and Huobi distribute GAS dividends to its customers but Reddit users report Bittrex does not. This is the war in cryptocurrency over where you store your digital assets and exchanges like Binance and Huobi both want them. But they’re fighting an uphill battle. Cryptocurrency wallets have a bad reputation, and most experts recommend you don’t store your coin and token balances in an exchange, aside from the bare minimum necessary. Aside from the problems described above, exchanges are big targets for hackers. The stigma of cryptocurrency exchanges was created when Mt. Gox was hacked in 2011 and closed its doors in 2014. Approximately 850,000 bitcoins were stolen and many people are still left empty handed to this day. In fact, cryptocurrency exchanges are responsible for the biggest cryptocurrency thefts of all time, including Mt. Gox, a 2016 Bitfinex hack of 120,000 BTC, and the king of losses – Coincheck’s 523 million XEM hack, worth around $534 million. And let’s not forget how Bitfinex seems forever tethered to allegations of crypto market price manipulation. Many of these hacks, like Coincheck leaving its XEM storage connected to the Internet, happened because of rookie mistakes that shouldn’t be made by the people holding your money. But of course no system is ever secure, and even Wall Street and SEC, the U.S. government’s watchdog, have been hacked. And let’s not forget that Huobi itself had to pick up and move to Singapore after homeland China banned cryptocurrency exchanges, essentially making it illegal for any of its citizens to withdraw their balances from the exchange. At any given moment, any government regulator can shutter an exchange and freeze all its accounts. These are just a few of the many, many reasons security experts recommend you store your cryptocurrency balance on hardware wallets disconnected from the internet. It’s also why many analysts forecast the move to decentralized and OTC exchanges. Creating a Global Huobi Footprint Huobi’s survival playbook appears to be following in the footsteps of digital piracy, moving from centralized servers, a la Napster, to decentralization, a la Gnutella. This is why Huobi aggressively expanded into other Southeast Asian markets. It also recently opened an office in Russia. Huobi Group is also eyeing expansion into the Middle East, along with Brazil, Vietnam, and the UK and European markets. Its plans to secure these expansion projections is to forge local partnerships. It has a great track record with investment firms, securing angel and VC capital investments from Dai Zhikang, Zhen Fund, and Sequoia Capital prior to acquiring Quick Wallet in 2014. It partnered with SBI Group for its Japanese expansion and San Francisco-based trading platform HBUS for its U.S. expansion. It’s also part of several Chinese fintech groups working to implement blockchain and cryptocurrency solutions on the mainland. In August 2018, Huobi acquired blockchain-based electronics manufacturer Pantronics Holding in a reverse takeover to get listed on the Hong Kong Stock Exchange. Huobi Summary Huobi is a cryptocurrency exchange making moves that mimic (and often precede) Binance as it aims to become the top cryptocurrency exchange. This includes issuing the HT cryptocurrency, decentralizing its exchange ledger, and expanding to new global markets. Its success hinges on several key ingredients. Although created in China, Huobi moved its headquarters to Singapore after China banned ICOs and crypto exchanges. It continues working with the Chinese government to advocate for blockchain and cryptocurrency. Huobi forges strategic partnerships in each country it expands into and is currently moving into Japan, South Korea, Europe, Russia, and the Americas. Huobi Token provides discounts of up to 50 percent on transaction fees in exchange for a membership fee. HT will periodically be bought back by Huobi and burned. With these pieces in place, Huobi continues its success as one of the top cryptocurrency exchanges by trading volume. It’s prepared for anything hackers or the government can throw at it, and over one million users can’t all be wrong. Huobi is a great place to exchange crypto, but as with all hot wallets and exchanges, store your assets at your own risk. The author is not currently invested in any crypto token, coin, or asset mentioned in this article. The post What Is Huobi Chain? Introduction to Huobi Token appeared first on Crypto Briefing.
CryptoBriefing

Binance Exchange Coin (BNB) Listed on Token Mining Exchange “Nexybit”

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Binance Exchange Coin (BNB) Listed on Token Mining Exchange “Nexybit” appeared first on CCN
CCN

Could BAT Be The Next Coinbase Listing?

A Coinbase listing is often held up as the crowning achievement for a project. This is partly because the exchange keeps its assets exclusive, but also because it is the most popular fiat-to-crypto platform. Listed tokens are automatically more accessible than they ever were previously. The recent surge in the Basic Attention Token price comes as rumors over a BAT Coinbase listing continue circulating. Is this something we should pay attention to? The BAT price has been creeping upwards for a while now. The token was trading at around $0.13 in mid-September and steadily started to climb towards the end of the month. Tokens hit $0.17 by the beginning of October but surged midway through the month. Within the space of a week, BAT went from $0.18 to $0.28. Per token that’s not that much, but it represented a $100bn boost for the coin’s market cap. Tokens have since corrected back to approximately $0.24. So what’s causing the surge? The project hasn’t announced any major developments. The only positive story, unrelated to Coinbase, is the new Brave Browser is reportedly the fastest yet.  According to the project’s blog post, its load time is on average 22% faster than the older version. But is this enough to explain increasing investor enthusiasm? Maybe, maybe not. It just so happens to coincide with speculation over a potential BAT Coinbase listing. A new Coinbase listing policy The sector’s favorite past time used to be guessing which asset was next in line for a Coinbase listing. Crypto Briefing was not immune to this. Our own Andrew Macdonald went deep into which projects he thought were the likely candidates. He got one right when the decentralized exchange coin, 0x (ZRX), was listed earlier this month. But the times are a’changing. Coinbase updated its listing policy in late September. No longer will the exchange disregard pleas for more assets. The new mission is to list assets, and list them fast. In a blog post last month, Coinbase said it would “rapidly” list all of the assets that met legal requirements as well as its own standards. The exchange now asks projects to submit an application for their consideration, which they’ll then evaluate against their Digital Asset Framework. “With this shift in process, our customers can expect us to list most assets over time that meet our standards,” Coinbase said. Is BAT next in line? The Basic Attention Token works, as part of the blockchain-based Brave Browser, to address the systemic issues in digital advertising; something Crypto Briefing has touched on before.  BAT is a utility token, expected to be used by advertisers to reimburse publishers for their ad-space, as well as to users for watching or clicking on adverts. So does BAT meet the mark? That depends on whether it fits in with Coinbase’s Digital Asset Framework. There are six categories, such as whether a proposed asset suits the exchange’s core mission and values as well as whether the technology is of a high enough standard. Whether there’s a working product as well as its overall utility and legaility, particularly in the US. BAT fulfills many of the requirements. It has so far avoided unwanted attention by American regulators. Although Brave hosted an ICO last year – for which it raised $36m –  the project made sure to include disclaimers in its whitepaper that it did not promise any financial returns. This is crucial. Many projects have faced pressure by the SEC to buyback tokens sold during ICOs because they suggested the tokens would rise in value, making them an unlicensed security sale. The number of monthly active users on Brave has tripled, from 1m in December 2017, to 3m by the middle of July, this year. It has also expanded its advertising model to YouTube, offering content creators the opportunity to make some sort of return from marketing. This not only shows a working product but also that the Brave Ledger – what BAT works on – is scalable. That the Brave Browser is improving in speed shows it can continue to increase its effectiveness as it onboards new users. Is BAT decentralized enough? Not everything about BAT will match perfectly to Coinbase’s requirements; the exchange requires that listed assets are decentralized protocols. Industry figures have criticized the Brave team for placing themselves in a position of power. To date, they determine the proportion of BAT that goes towards publishers and users. That said, Coinbase is hardly in a position to pass judgment. It has long been a market maker. Team members within Ethereum Classic (ETC) have said they felt “vindicated” when they were listed on the exchange’s servers in early June. The project has since seen increased developer activity and users returning back to the fold. Coinbase may say its committed to the decentralized agenda, but it has no plans to relinquish its privileged position. Convenience at the heart of a BAT Coinbase listing The decision may not be made on high principle. Coinbase has long said it would support ERC20 tokens, two of which are 0x and BAT.  It admitted that one of the deciding factors behind the ETC listing was its technical similarity to Ether (ETH), which the exchange had listed back in 2016. ERC20 tokens all share certain technical similarities, to run off Ethereum. Coinbase wants to increase the rate at which it lists tokens. Although there are plenty of high-quality digital assets, like Cardano (ADA), which users are clamoring to be listed, they work off separate blockchains. More technical hurdles will slow the exchange’s listing rate; it has far less work to do with ERC20s tokens. Ignoring the community’s pleas for answers, Coinbase continues to enjoy acting the sphinx. Considering the way 0x appeared on Coinbase a few days prior to the initial announcement, we may find out about the BAT Coinbase listing on the Monday, and be able to trade it on the Friday. We’ll all just have to pay attention. There should be a token for that.   The author is invested in ETH, which is mentioned in this article.    The post Could BAT Be The Next Coinbase Listing? appeared first on Crypto Briefing.
CryptoBriefing

Crypto Circle Exchange ICO (CCX Token): High Performance Trading?

What Is Crypto Circle Exchange? Crypto Circle Exchange is capable of trading ten million transactions and more per second. It is equipped with a superior algorithm that gives high performance for such a high number of transactions to happen. It offers copy trading, trading alerts, bots, and has an interface that is responsive and user-friendly. The private sale is currently live and will end in about 33 days from the time of writing. Crypto Circle Exchange focuses on the needs of its customers. It is based on the blockchain platform. It is a cryptocurrency and asset exchange platform with the aim of creating speed safety and scalability through a reliable, secure, and trusted cryptocurrency. The Crypto Circle eXchange Coin (CCX) will be its accepted token. Crypto Circle Exchange High Performance Trading Features The platform has a high-speed engine that is written in GoLang. This handles more than 10 million transactions per second. It also comes with an anti-market system that monitors trading activities that seem suspicious. The platform has real-time surveillance and compliance system that offers protection from potential hackers. Besides, there is a security testing of third parties in the system. The combination of Crypto Circle Exchange token and trading decreases transaction fees, which lowers cost. Copy trading is the ability to copy the trade of seasoned traders. The platform offers its members the option to mimic professional traders. Bots are used to execute trades faster than manual trading would allow. These bots are algorithmically based. Crypto Circle Exchange is multi-platform based. Applications that are Windows, iOS, or even android-based can be used. There is a real time 24-hour customer support available to traders. Crypto Circle Exchange Benefits The token has multiple utility forms that help the exchange to benefit traders. It offers a fee reduction of up to fifty per cent in transactions. It has a payment tool to launch to the ICO. Importantly, it serves as a mechanism for voting in ICO tokens. CCX entitles a user to fifteen per cent more if used with an affiliate program. Premium functions in the platform can be paid for with the tokens. Repurchasing The CCX token will be bought back and destroyed bi-annually using 10% of the profits. The repurchasing of the tokens will be announced on the blockchain and the process will continue until 50% of the tokens are repurchased. Burning of each token can be viewed on the blockchain. Crypto Circle Exchange will set up its offices globally in South Korea, Romania, USA, and the headquarters in Malta. The CCX will be used as a utility token in the exchange with a number of them having the burn mechanism. A user can get a higher percentage when they use with an affiliate program. All the while, lower fees are paid with the token. Improved Security Security has been ensured with the placement of an algorithm that is anti-market manipulation, security testing that is routinely done, storage of assets using Cold Wallet, and an encryption system that is multi-layered. The platform has an interface that users can customize and individualize. It’s equally responsive with analysis tools in place. Operations will use about 30% of the token sales; marketing will use another 30%; development of the platform will need another 30% and legal framework will use 10% of the allocation. Crypto Circle Exchange CCX Token ICO Details Parameters Of The ICO Token Symbol: CCX PRIVATE SALE: 18 OCT 18 – 22 NOV 18, 15% Token Bonus PRE-SALE: 23 NOV 18 – 27 DEC 18, 7% Token Bonus CROWD SALE: 28 DEC 18 – 2 FEB 19, No Token Bonus Token Price: 1 ETH = 1945 CCX Accepted Payment Method: ETH Total Supply: 600,000,000 CCX Token Standard: ERC20 Soft Cap: 55,600,000 Hard Cap: 223,000,000
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Thailand’s First ICO J Ventures JFin Coin to Use R3 Corda And Microsoft’s Technology

J Ventures, which held one of the first initial coin offerings (ICOs) in Thailand earlier this year, signed a memorandum of understanding with R3 and Microsoft to provide technical support for its peer-to-peer lending platform. R3 and Microsoft have been working together since at least 2016 when the tech giant announced it would partner up with the banking consortium that R3 had been developing. In 2017, the two firms said they would be offering R3’s Corda as a software-as-a-service application running on Microsoft’s Azure cloud. Over 72% of the population in Southeast Asia remains unbanked or under-banked. Access to micro-loan is a particular problem, as a result of the prohibitive cost structure of existing financial institutions. To address this market inefficiency, the JFin ecosystem is creating a decentralized digital lending platform (”DDLP”), using blockchain technology and the digital transformation of the process. Through the blockchain, a decentralized peer-to-peer network can be built to replace the existing centralized system and enable frictionless peer-to-peer transfers. Smart contracts will be used along with Proof-of-Stake mechanism (e.g. Tendermint) to ensure backers are rewarded for their work.’ The firm held one of the first successful ICOs in Thailand last February to fund the project, which it describes as a “decentralized digital lending platform.” Investors in the ICO received JFin Coin, which sold for 6.60 baht (around $0.20 USD) during the token sale. It is currently trading at 3.24 baht ($.09 cents) on Thai exchange Coin Asset. The JFIN is a utility token for the JFin ecosystem that not only fuels the system but also encourages mass participation of P2P microloans and other financial services that help the unbanked and underbanked. The company's analytic credit scoring will gauge the creditworthiness of each applicant for personal loans from JFintech by Jay Mart or quick loans from Fast Money. Unlike the National Credit Bureau, the service will collect multidimensional data on purchasing power, spending behavior, and social media habits.
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Thai Lending Platform JFin Coin Partners with R3 and Microsoft

J Ventures, which held one of the first initial coin offerings (ICOs) in Thailand earlier this year, announced a partnership with R3 and Microsoft to support its peer-to-peer lending system. The news indicates that R3’s “DLT Not Crypto” strategy may be evolving. Also see: Novogratz, Goldman Sachs Drop Millions on Crypto Custodians BitGo Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts R3 and Microsoft to Provide Infrastructure for ‘Decentralized Digital Lending Platform’ The Bangkok Post reports that J Ventures signed a memorandum of understanding with R3 and Microsoft to provide technology support for its peer-to-peer lending platform. J Ventures is part of Jay Mart Plc, a Thai holding company with interests in the retail and telecom industries that is publicly listed in the country. The firm held one of the first successful ICOs in Thailand last February to fund the project, which it describes as a “decentralized digital lending platform.” Investors in the ICO received JFin Coin, which sold for 6.60 baht (around $0.20 USD) during the token sale. It is currently trading at 3.24 baht ($.09 cents) on Thai exchange Coin Asset. The technology stack provided by R3 and Microsoft, which likely includes R3’s enterprise blockchain platform Corda, will allow JFin Coin holders to validate transactions on the network and receive a portion of the loan fees, according to the Post. Also on October 17th, R3 inked another deal in Thailand with Accenture and Digital Ventures Co. Ltd. and the Thai conglomerate Siam Commercial Bank. R3 Working with Microsoft For Two Years R3 and Microsoft have been working together since at least 2016, when the tech giant announced it would partner up with the banking consortium that R3 had been developing. In 2017, the two firms said they would be offering R3’s Corda as a software-as-a-service application running on Microsoft’s Azure cloud. It appears that this is the product that J Ventures is looking to use. R3’s ‘DLT Not Crypto’ Mantra May Be Changing The involvement of R3 in a business that uses cryptocurrency appears to mark a change of strategy for the firm. In the past, R3 has described itself as an “enterprise software” company dealing in “distributed ledger technology,” also known as DLT. Even the term blockchain wasn’t used by R3 during some of its history. For example, there is a screenshot of previous marketing material from R3 that then claimed, “No ‘block chain’ because we don’t need one”: The fact that cryptocurrencies are now regulated in Thailand could have played a role in R3 doing the deal. When the JFin Coin ICO happened in February, there was a lack of regulatory clarity as to the status of digital tokens in the Thai legal system. This issue was eventually resolved when cryptocurrency regulations were adopted by the government in May. The new rules allow ICOs and token sales to be held as long as the seller registers with the government first. It’s also possible that the rumored problems that R3 could be suffering from caused it to broaden its thinking regarding the DLT/crypto divide. In June, there was a report in Forbes magazine saying that the firm was experiencing financial difficulties and could be out of business by early 2019. R3’s CEO David Rutter denied the report in a blog post, saying it resulted from “false, malicious rumors” that were spread by former employees. He also noted the firm had raised more than $120 million and earned in excess of $20 million in revenue. Have your say. Is R3’s involvement in a cryptocurrency project a change in strategy for the firm? Images via Twitter, Pixabay The post Thai Lending Platform JFin Coin Partners with R3 and Microsoft appeared first on Bitsonline.
Bitsonline

Bit.la the first bitcoin exchange Trans-Fee Cross-Chain Model is coming

Talked with a team member of Bit.la .They build a new model of exchange and payment processor - the first bitcoin exchange Trans-Fee Cross-Chain Model. Trans-Fee Mining Model we already seen it on that 2 exchanges but Trans-Fee Cross-Chain Model is very interesting. From what i understand they want to build an exchange where using the exchange coin BTL to pay for transaction fee ,the exchange use cross-chain poa bridge to transform it in BTL20 and reward you back. You can read more on their page Bit.la .The ICO will start on 25 Aug ... so in 2 days ! ​
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Binance Exchange Coin Listing Requirements: Would Bitcoin Be Included if Created Today?

Bitcoin Wouldn’t Be Listed On Binance According To Its Listing Guidelines It seems that the most important and famous virtual currency in the market, Bitcoin (BTC), would not likely not be listed on the world’s largest crypto exchange, Binance. Most of the projects currently in the market are trying to be listed in the most important exchange by trading volume because it would give them visibility and liquidity. But, at the same time, Binance has received important critics after charging expensive listing fees for new tokens. We can mention the case about Expanse, that according to its founder, Christopher Franko, Binance asked for 400 BTC to list the token. However, Binance CEO, Changpeng Zhao, said that the exchange does not list low quality cryptocurrencies, not even if they pay 400 BTC to be featured there. But being listed on Binance is very difficult and a task that should be taken very seriously. About this, Zhao commented: “There is a 98% chance you won’t hear from us after you submit your application. This is the norm.” Additionally, he explained that they allow cryptocurrencies with a strong developer team, a useful product and a large user base. It is important to mention that Binance’s guidelines were updated on August 12, 2018 and in order to submit a token iis necessary to submit a form. The exchange explains that it is very important for the project to be listed by the CEO or founder in case the exchange has to talk with a key person. Indeed, several virtual currencies have experienced different attacks, and smaller tokens are even more susceptible to these technical issues. Nowadays, Bitcoin would not be able to get listed at the exchange because it does not have an active creator behind. Satoshi Nakamoto, the person behind Bitcoin, disappeared and there is no information about who he really is. Moreover, there would be nobody to fill out the application and Binance would not have the possibility to communicate with the team of developers behind. Due to the fact that regulations are increasing all over the world and that there are more projects in the market it is very important for new tokens to comply in every single way with Binance’s guidelines. It is not easy to be listed in the most active virtual currency exchange, a goal that most of the projects consider a priority.
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US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay

US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay. BitPay is a platform that converts cryptocurrencies to fiat […] Cet article US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay est apparu en premier sur Bitcoin Central.
Bitcoin Central

Now Is Not The Time’ Rabobit Cryptocurrency Wallet Project Canceled By Dutch Bank Rabobank

Rabobank Goes Back On Its Rabobit Crypto Wallet Project Netherland-based bank Rabobank has pressed the pause button on its quest to build a cryptocurrency wallet according to TNW. The project which started since early last year is reportedly being abandoned by the bank which sought to bridge the gap between bank accounts and cryptocurrency. A […]
Bitcoin Exchange Guide

AT&T Will Now Accept Bitcoin For Your Phone Bill

US-based mobile users can now use bitcoin and cryptocurrency to pay their bill thanks to a new partnership between AT&T and BitPay. AT&T Will Take Your Bitcoin Bitcoin’s path to mass adoption continues forward as major US telecom giant AT&T has announced that customers now have the option to pay their bills in cryptocurrency. The addition of crypto payments makes AT&T the first major U.S. mobile carrier to offer this option and Kevin McDorman, AT&T’s vice president of Communications Finance Business Operations said: We’re always looking for ways to improve and expand our services [and] we have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer. Currently, the crypto payments are limited to bill payment only and AT&T did not specify whether customers would be able to purchase smartphones and other accessories online or in AT&T’s brick and mortar stores. Customers interested in making crypto payments can simply select BitPay as the payment option when they login to their accounts online or through the myAT&T app. Will Corporations FOMO into Cryptocurrency? AT&T is not the first major US-based corporation to accept cryptocurrency payments as Overstock, Expedia, Subway, Shopify, and Microsoft are just a few of the major multinational corporations accepting crypto payments. Just recently, Whole Foods and a slew of other big-name retailer have also started accepting bitcoin via another third-party payment partnership. But considering AT&T’s name recognition and dominance in the telecom sector the announcement is sure to make waves and is extremely positive news for the cryptocurrency sector. Are you going to spend your bitcoin on a cell phone bill? — Mr.Hodl (@MrHodl) May 23, 2019 As one would expect, not everyone is over-the-moon about the telecom’s new found love for cryptocurrency. Morgan Creek Digital co-founder Anthony Pompliano excitedly tweeted the news and is currently being bombarded by an array of semi-skeptical replies to AT&T’s announcement. Would you use your Bitcoins to pay your phone bill? Share your thoughts in the comments below!  Images via TradingView.com, Twitter, Shutterstock The post AT&T Will Now Accept Bitcoin For Your Phone Bill appeared first on Bitcoinist.com.
Bitcoinist

AT&T now accepts Bitcoin as payment for its 150+ million subscribers

AT&T, the world’s largest telecommunications company, became the first major U.S. mobile carrier to accept Bitcoin for payment. AT&T customers will now be able to select BitPay as a payment option, allowing for bill payment in Bitcoin and Bitcoin Cash. The telecom company had over 150 million subscribers as of Q4 2018. “We’re always looking for ways to improve and expand our services,” said Kevin McDorman, vice president, AT&T Communications Finance Business Operations. “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.” This story is in progress. The post AT&T now accepts Bitcoin as payment for its 150+ million subscribers appeared first on CryptoSlate.
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