Allcoin news

Established in 2016, Canada. No. of pairs - 33. Fiat - USD. Centralized exchange.

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Allcoin Exchange Review – Should You Trust It?

When it comes to trading altcoins, there are several dozen platforms all vying for traction in this growing crypto industry. While Allcoin makes a strong case for itself due mainly to its support to a vast array of coins, putting one’s trust in any cryptocurrency exchange remains risky when not aware of all the facts. The Allcoin Company Becoming a global digital asset trading platform is an ambitious goal. Allcoin, a Canadian firm owned by Cascadia Fintech Corporation, is looking to make its mark on the cryptocurrency industry since early 2016. To date, the company has expanded significantly in terms of offering different markets. It is also worth mentioning Allcoin’s parent company is regulated by FINTRAC in its native country of Canada. Trading pairs and Markets Even though Allcoin aimed to support both USD and CNY trading at some point, it seems things have changed significantly in this regard. Neither fiat currency is still supported directly at this time, yet the platform exposes traders to CKUSD. This is a stablecoin linked to the US Dollar, which is primarily traded on Allcoins and BCEX. It seems to provide some additional liquidity, although it will not become an USDT rival anytime soon. Other currencies traded on Allcoin include Bitcoin, Ethereum, Bitcoin Cash, Qtum, HyperCash, and so forth. There are also a fair few currencies which have not gained any real traction as of yet, which makes one wonder whether or not those additional will yield any successes for the exchange moving forward. The lack of prominent coins such as Litecoin, XRP, and XLM also seems unusual, albeit that situation may change sooner rather than later. Fees and Listings Similar to most exchanges, Allcoin does not charge any additional fee for cryptocurrency deposits. There is no apparent trading fee on the marker side, though market takers will pay 0.2% in fees for trading cryptocurrencies. There is a lot of uncertainty regarding withdrawal fees, as the company does not list this specific information on their website at this time. Community Feedback So far, it seems Allcoin has built up an interesting reputation among cryptocurrencies users. The exchange has been subject to a fair few incidents with users which should have been resolved a lot sooner. Ever since its acquisition by Cascadia Fintech Corporation, it seems things have improved slightly. There is still a lot of uncertainty regarding fees, the website is very sluggish, and there are concerns regarding its overall stability. Always do your own research prior to trusting any exchange. Disclaimer: We are not affiliated with Allcoin and cannot guarantee the safety of your funds. This is not trading or investment advice. Please do your own research before making deposits into any exchange. The post Allcoin Exchange Review – Should You Trust It? appeared first on NullTX.

Justin Sun Reveals Why Tron Bought BitTorrent, Also Allcoin TRX Listing News

CEO of Tron Announces New Listing, Also Shares Reason for BitTorrent Acquisition CEO of Tron, Justin Sun has reported that the TRON token has now gained new support. Sun took to his Twitter platform to inform devoted followers of the new listing and it is none other than the Canadian crypto exchange, Allcoin. He also revealed that users can now deposit and withdraw TRON as of Wednesday, August 22 with trading only commencing, Friday, August 24 at 15:00 (SGT). As per CoinMarketCap’s statistics, TRON has been bumped out of the top ten cryptocurrencies, now sitting at the 12th position. Its market capitalization is approximately USD$1.3 billion with its trading volume at about USD$96.8 million and current token value at about USD$0.019. Since its all-time high back in December, the coin has seen a drop of nearly 90%, which seems to be the case for most altcoins. Tron is not new to constant partnerships and support, as the project dedicated to decentralizing the web has made multiple efforts in helping to expand its ecosystem. While its native token gaining yet another listing is surely to add to investors’ confidence, not many seem to be convinced. Twitter users have since praised the efforts, but believe it is not enough, as the token’s value does not seem to pick up in anyway. Why Acquire BitTorrent In July 2018, Sun announced Tron’s acquisition of the communication protocol for peer-to-peer (P2P) file sharing platform, BitTorrent. While many investors were quick to congratulate Tron for such an acquisition as it signifies more exposure within the crypto sphere, it appears like Sun has other reasons for the acquisition. In a letter written to BitTorrent, Sun wrote that both firms involved share a common value. He emphasized on Tron’s goal to: “Decentralize the web” as being closely related to BitTorrent’s goal to “Democratize the Internet”. This acquisition is supposedly considered an initial step towards the CEO’s plans to “strengthen the Internet infrastructure.” One would assume that all of Tron’s accomplishments will surely rise its token price, however, it seems to be the contrary. Could it be that the lack of investor motivation is driving down the Tron price? Share your perspective(s) below.
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Tron [TRX] to be listed on Allcoin, tweets Justin Sun

In a recent tweet, Justin Sun posted that Allcoin a digital currency exchange operated by Cascadia Consumer Electronics Corp will open the exchange platform for deposits and withdrawals of Tron [TRX]. According to his tweet, the deposits and withdrawals of TRX will start at 17:00, August 22nd, 2018 [SGT]. He also mentioned that the trading of TRX/ETH pair will start at 15:00, August 24th, 2018 [SGT]. Post the Mainnet migration TRX has been listed on various cryptocurrency exchange platforms such as Coinex, Max exchange, OTCBTC, Bitforrex and many more. Tweet by Justin Sun | Source: Twitter According to CoinMarketCap, TRX is ranked at number 12 by total market capitalization. It currently has a market capitalization of $1.3 billion with the price of $0.0202 and has witnessed a rise of 0.71% over the past 24 hours. Earlier today the price of the coin has seen a sudden rise from $0.020803 to $0.022119. Further, the price of the coin dropped and reached the current value TRX’s 1-day chart | Source: CoinMarketCap Allcoin is a global digital asset trading platform operated by Cascadia Fintech Corporation which is incorporated in Vancouver Canada. It has been listed on Canadian Security Exchange since 12th September 2013 but Allcoin officially released the digital asset trading platform on April 2016. They are also ranked among the top 40 companies for 24 hrs trading volume. The top trading combinations of Allcoin are BTC/USD, GAME/USD and Qtum/USD. Dan Brook, a Twitterati commented: “Shame it’s now at 0.02 and dropping still” Another Twitterati named Dung says: “I Think TRX up to 10 USD. In 2018.” The post Tron [TRX] to be listed on Allcoin, tweets Justin Sun appeared first on AMBCrypto.
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Bakkt Official Launch Date, Ethereum Upgrade, Coinbase Bank & Is Everyone Ready?

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CME Futures CRUSHED Bitcoin... Will Bakkt do the Opposite?

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Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders

Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to the institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading platform launched by the Intercontinental Exchange (ICE) has finally been given the green light. The news that the Commodity Futures Trading Commission (CFTC), and the New York State Department of Financial Services, has granted regulatory approval broke late yesterday as reported by Bitcoinist. The concept of physically delivered bitcoin futures will require investors to either produce actual BTC or take delivery in them from their respective exchanges and platforms. Crypto trader at TexasWest Capital, Scott Melker, who also goes by the twitter handle ‘Wolf of All Streets’ stated the news was ‘arguably the most bullish event for institutional investors in the history of bitcoin’. The @Bakkt news is arguably the most bullish event for institutional investors in the history of bitcoin. PHYSICALLY delivered futures (require the holder to either produce actual bitcoin or take delivery from the exchange) backed by the New York Stock Exchange. We are maturing. — The Wolf Of All Streets (@scottmelker) August 16, 2019 Being backed by the New York Stock Exchange has granted bitcoin a level of legitimization never seen before. Investors will get the opportunity to trade in daily and monthly physical bitcoin futures contracts which is likely to lead to greater mainstream adoption. Bakkt is also planning to onboard a number of commercial retailers such as Starbucks which will provide an easier way for people to make purchases using bitcoin and other crypto assets. General Counsel for Compound Finance, Jake Chervinsky, was equally bullish on the Bakkt news stating that: “It offers a way for large, risk-averse institutions to buy and custody bitcoin through an end-to-end regulated system approved by the CFTC and NYDFS, and backed by the sterling reputation of ICE. Compliance lawyers rejoice!” The former litigator also noted that there is still a long way to go since there is still the SEC to contend with. When questioned on the possibility of big investors trying to short bitcoin he added; “Short sellers betting against a commodity probably don’t want to hold the underlying, so shorting via physically-delivered futures is more for entities that are net long (like miners) and want to hedge.” Fintech Business Analyst going by the twitter handle ‘Mr. Gordon’ was equally bullish on Bakkt; “This must be what it feels like to win the lottery!  The confirmation of the launch of #Bakkt changes EVERYTHING… Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make…” This must be what it feels like to win the lottery! The confirmation of the launch of #Bakkt changes EVERYTHING.. Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make….. Like which colour to get — Mr Gordon (@MrGordon_UK) August 16, 2019 Picking a Lambo color is probably a little presumptuous at the moment. Bitcoin price did not even react to the announcement as markets remain choppy this morning. BTC is still consolidating in the mid-$10k range after two dips into four-figure territory late in the week but the long term prospects have just brightened significantly. Will Bakkt send Bitcoin price to a new all-time high later this year? Add your thoughts below. Images via Bitcoinist Image Library, Twitter: @scottmelker, @MrGordon_UK The post Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders appeared first on

Bakkt launch bears good news for Bitcoin’s price and regulation

One of the biggest news last year was the announcement made by the New York Stock Exchange’s parent company, Intercontinental Exchange. In August 2018, The firm announced that it would be venturing into the cryptocurrency space with the launch of a new company – Bakkt. This turned out to be an extremely bullish news in […] The post Bakkt launch bears good news for Bitcoin’s price and regulation appeared first on AMBCrypto.

Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC

The Commodities Futures Trading Commission (CFTC) has greenlighted the physically delivered Bitcoin futures product by Bakkt. Company CEO confirmed the news and said that the derivatives product would debut on September 23. Bakkt will be the first to debut physical BTC futures Kelly Loeffler, CEO of Bakkt recently announced that the startup had won approval from the US CFTC to start offering physically settled Bitcoin futures contracts. Bakkt is backed Intercontinental Exchange, and Loeffler is married to Jeff Sprecher, the CEO of ICE. With this approval, Bakkt will become the first company to launch the physical BTC futures. The products will debut on the market on September 23, and all contracts will be cleared by ICE Clear US, the same service that clears trades for NYSE. Loeffler gave a lengthy statement on the product suggest that Bakkt’s product received CFTC approval after a self-certification process. They have also started user acceptance testing. The Bitcoins backing the futures contracts will be under the custody of Bakkt Warehouse. Bakkt Trust Company, a qualified custodian, has also received approval from the New York State Department of Finance Services. She said, “This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.” Bakkt wins the race The ICE-backed startup is not the only company eyeing the lucrative physically-settled Bitcoin futures sector. Numerous other companies like LedgerX are planning to bring the same opportunity to the market. LedgerX could have become the first company to launch these products as it received approval for offering futures, options and swaps settled in Bitcoin by the CFTC. However, the regulator says that the company lacks adequate approvals for launching the physical futures product. Meanwhile, Bakkt has decided to offer two types of futures contracts- daily and monthly. The collection of variation margin and initial margin collateral will be done by ICE Clear US. Product testing began last month to ensure that there are no hiccups when it eventually launches for the buyers. The qualified custodian of Bakkt will help in addressing concerns of the regulator related to manipulation and theft. Note that the company acquired Digital Asset Custody Company (DACC) earlier this year to win the New York regulator’s approval to become a qualified custodian. The company has also decided to pay $35 million for hedging against risks. Loeffler says that doing so will help bring safety for market participants and bring more integrity to this sector. The post Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC appeared first on - Daily Cryptocurrency and FX News.
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